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Mon, Sep 14, 2026 05:05 AM All times are UTC

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Sony investing $500M in TSMC's new chip factory in Japan

Nov 10, 2021 10:18 am UTC| Business Economy

Sony Group Corp. and Taiwan Semiconductor Manufacturing Co. are cooperating to build a new chip plant in Japan. The Japanese multinational company headquartered in Tokyo is contributing to the project by agreeing to invest...

GE announces its division into three separate companies

Nov 10, 2021 09:51 am UTC| Business Economy

GE is a big company with many divisions and offers a number of products. Now it wants to improve and expand each of these units so it decided to split the company into three separate firms. As per CNBC, General Electric...

Citibank’s exit from S. Korea will cost the company $1.5B

Nov 10, 2021 09:42 am UTC| Business Economy

Citibank is officially pulling out its retail banking business in South Korea, and this move will cost the company around $1.5 billion or 1.76 trillion. The bank needs to settle this amount to make a clean exit and without...

UFC taps TMG to be official sports memorabilia distributor

Nov 09, 2021 23:11 pm UTC| Sports Life Economy

The Ultimate Fighting Championship (UFC) inked a deal to make The Memento Group (TMG) the global distributor of its officially licensed sports memorabilia. The new deal, which was brokered by agency giant IMG, sees TMG...

Zions Bank extends partnership with Utah Jazz that includes Adidas deal

Nov 09, 2021 23:11 pm UTC| Sports Economy Business

The National Basketball Associations (NBA) Utah Jazz has extended its long-time partnership with Salt Lake City-based Zions Bank, naming it as their official bank. In addition, the Jazz will provide Donovan Mitchells...

Australia vows to sell environment-destructing coal 'for decades'

Nov 09, 2021 23:11 pm UTC| Nature Economy

Australia vows to sell coal for decades into the future to generate local jobs and build its economy while over 40 countries pledged to eliminate coal use within decades during the COP26 UN climate summit in...

Upcoming S. Korean law to force firms to buy eco-friendly cars

Nov 09, 2021 23:00 pm UTC| Nature Law Economy

The South Korean government confirmed a legislation draft that will oblige 2,616 private companies affiliated with local conglomerates with over 5 trillion won assets each to purchase environment-friendly car...

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Economy

Asian Stocks Fall as AI Fears and Oil Surge Hit Markets

Asian stocks declined on Monday as concerns over a potential slowdown in artificial intelligence development pressured technology shares, while oil prices above $100 a barrel fueled inflation fears and expectations for...

Hormuz Vessel Traffic Drops to Single Digits

Commodity vessel traffic through the Strait of Hormuz dropped to single-digit daily levels over the weekend, highlighting growing disruption to one of the worlds most important energy and shipping routes. Preliminary...

Goldman Sachs Forecasts Fed Rate Hike as Inflation Risks Rise

Goldman Sachs now expects the Federal Reserve to raise interest rates by 25 basis points at its September meeting, reversing its previous forecast for no change as inflation concerns intensify across U.S. financial...

Gold Prices Fall as Hot U.S. Inflation Boosts Fed Rate Hike Bets

Gold prices moved lower on Monday as stronger-than-expected U.S. inflation increased expectations for a Federal Reserve interest rate hike this week, while surging oil prices added fresh inflation concerns. Spot gold...

Asian Tech Stocks Slide as AI Concerns and Rising Bond Yields Hit Chipmakers

Asian technology stocks fell sharply on Monday as rising bond yields and renewed concerns about the sustainability of the artificial intelligence rally pushed investors away from high-growth chipmakers. South Koreas...

Politics

Sweden Election: Centre-Left Holds Narrow Lead

Swedens centre-left opposition held a slim lead over the right-wing government early Monday as vote counting continued in a closely contested national election that could reshape the countrys immigration and domestic...

Houthi Red Sea Gains Strengthen Iran’s Leverage Over Gulf States

The Houthi takeover of strategic areas along Yemens Red Sea coast is shifting the Gulf balance of power, giving Iran greater leverage over Saudi Arabia and other Gulf states as disruptions threaten key global oil and...

China to Push Global Security Vision at Xiangshan Forum

China is preparing to promote its vision for global security at the annual Xiangshan Forum in Beijing this week, as tensions persist over Taiwan, the South China Sea and uncertainty surrounding U.S. security commitments in...

North Korea Holds Missile and Artillery Drill

North Korea said Monday that its latest missile launches were part of a large-scale live-fire military exercise designed to test multiple weapons and strengthen its ability to conduct coordinated strikes, according to...

Trump Downplays Report Iran Obtained Chinese Satellite Images Before Jordan Attack

U.S. President Donald Trump on Sunday dismissed concerns surrounding a report that Iran obtained satellite imagery of a military base in Jordan from Chinese entities before an attack that killed three U.S. troops in July....

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Z.AI Shares Slide 7% After $5 Billion Fundraising

Z.AI shares tumbled nearly 7% on Monday, reaching a 5-1/2-month low after the Chinese artificial intelligence company completed a roughly $5 billion fundraising package involving discounted new shares and convertible...

Anthropic Eyes Second Straight Profitable Quarter Ahead of Potential IPO

Anthropic expects to post positive adjusted operating income for a second consecutive quarter, signaling improving financial performance as the artificial intelligence company moves closer to a potential IPO, the Financial...

Trump Vows to Keep U.S. Ahead of China in AI Race

President Donald Trump said Sunday that the United States must maintain its artificial intelligence lead over China, pushing back against calls from prominent technology leaders to slow AI development amid growing safety...

Samsung, SK Hynix Reject KEPCO’s $18.7 Billion Power Funding Plan

Samsung Electronics and SK Hynix have rejected a proposal from Korea Electric Power Corp. (KEPCO) that would require the chipmakers to provide 25 trillion won ($18.7 billion) in upfront funding to secure electricity...

Hyundai Delays In-House ADAS, Turns to Nvidia

Hyundai Motor Group plans to introduce vehicles running its proprietary driver-assistance software in late 2029, delaying the technology by about two years as the South Korean automaker expands its partnership with Nvidia....