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BHP may sell $15 billion petroleum biz to focus on mining

Aug 17, 2021 08:41 am UTC| Economy Business

The worlds biggest mining company BHP Group Ltd. is considering selling its oil-and-gas business for an estimated value of at least $15 billion to focus on mining. The sale would rank as one of the energy industrys...

Walmart in search of cryptocurrency expert to drive its digital strategy

Aug 17, 2021 08:31 am UTC| Digital Currency Economy

Walmart is looking to hire a digital currency and cryptocurrency product lead, who will drive the retail giants digital currency strategy by leading the identification of technology and customer trends. According to the...

Korea’s Financial Services Commission chief prohibited from regulating KakaoBank

Aug 17, 2021 08:30 am UTC| Business Economy

South Koreas chief of the Financial Service Commission will reportedly be banned from monitoring KakaoBank, the countrys mobile-only bank and financial technology company that was launched in 2016. It was said that he...

S. Korean investors losing appetite for Tesla stocks

Aug 17, 2021 08:04 am UTC| Economy Investing

While South Korean investors made Tesla a top pick among US-listed stocks with combined holdings of $9.7 billion as of Aug. 10, many had begun selling off shares in the worlds largest electric car maker in June while...

LG Energy Solution inks deal with Australian firm for battery materials supply

Aug 17, 2021 07:31 am UTC| Business Economy

LG Energy Solution Ltd. reportedly inked a deal with an Australian producer and supplier of technology metal materials for a steady supply of battery materials. On Monday, Aug. 16, it was said that the South Korean battery...

Lotte E&C picked as the preferred bidder for the construction of a hospital in Hanam

Aug 17, 2021 07:30 am UTC| Business Economy

Lotte Engineering Construction was reportedly picked as the preferred bidder for the construction of a new hospital that will rise in Hanam, Gyeonggi Province. The medical facility is said to be part of the territorys...

HSBC acquiring Axa’s Insurance assets for $575M

Aug 17, 2021 05:49 am UTC| Business Economy

HSBC or the Hongkong and Shanghai Banking Corporation Limited is buying Axa Singapores insurance assets for $575 million. The acquisition plan was revealed on Monday, Aug. 16. It was reported that HSBC agreed to...

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Economy

German 2-Year Yield Hits 2023 High as Rate Hike Bets Rise

German short-term borrowing costs climbed sharply on Tuesday as investors increased bets that major central banks will keep monetary policy restrictive to combat energy-driven inflation. Germanys policy-sensitive two-year...

US Futures Fall as Fed Meeting, Oil Surge Rattle Markets

U.S. stock futures moved lower Tuesday as investors prepared for the Federal Reserves two-day policy meeting while escalating Middle East tensions pushed oil prices above $105 a barrel and lifted Treasury yields. Dow...

UK Wage Growth Slows as BoE Rate Decision Looms

Britains labour market remained weak heading into the Bank of Englands latest interest rate decision, with job vacancies falling to a four-year low and wage growth staying subdued. Average weekly earnings excluding bonuses...

Japanese Yen Retreats as Dollar Rises Ahead of Fed, BOJ Rate Decisions

The Japanese yen weakened further on Tuesday, retreating from a seven-month high as investors prepared for key interest rate decisions from the Federal Reserve and Bank of Japan later this week. USD/JPY climbed 0.24% to...

China Industrial Output Beats Forecasts as Exports Support Growth

Chinas industrial production grew faster than expected in August, supported by resilient overseas demand for Chinese exports even as other indicators pointed to continued weakness across the worlds second-largest economy....

Politics

Ukraine Races to Counter Russia’s Faster Jet-Powered Drones

Ukraine is scrambling to develop new air-defense weapons as Russia dramatically expands its use of fast, jet-powered attack drones that are proving difficult for existing interceptor systems to defeat. A Ukrainian military...

What is Zionism? The different meanings of a contested term

Haverford, a small liberal arts college in Pennsylvania, has become the latest U.S. school to settle a lawsuit over how it handled allegations of antisemitism. In a statement on Aug. 7, 2026, its president, Wendy Raymond,...

Lula, Flavio Bolsonaro Deadlocked in Brazil Election Polls

Brazilian President Luiz Inacio Lula da Silva and right-wing Senator Flavio Bolsonaro are locked in a statistical tie in potential runoff matchups ahead of Brazils presidential election next month, according to two polls...

Judge Blocks Trump Rule Limiting Foreign Student Visas

A federal judge has blocked the Trump administration from enforcing a new immigration rule that would restrict how long foreign students, exchange visitors and journalists can remain in the United States without seeking...

Trump Rejects Calls for Tougher AI Regulation

President Donald Trump pushed back against growing calls for stricter AI regulation on Monday, arguing that the United States already has sufficient safeguards to police artificial intelligence companies and prevent...

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

Rosenblatt Starts Nokia at Buy on AI Networking Growth

Rosenblatt initiated coverage of Nokia with a Buy rating and a $15 price target, citing the companys growing exposure to artificial intelligence infrastructure and strong position in optical networking. Analyst Mike...

MediaTek Unveils 2nm Dimensity 9600 Pro AI Chip

Taiwans MediaTek has unveiled its latest flagship smartphone processors, including its first chip manufactured with TSMCs advanced 2-nanometre technology, as the company pushes deeper into premium handsets and on-device...

Qualcomm Gains on $60B Amazon AI Chip Deal

Qualcomm (NASDAQ: QCOM) has emerged as one of the strongest performers in Investing.coms AI-powered Strategies portfolio after securing a major artificial intelligence infrastructure partnership with Amazon Web Services....

Cathie Wood Backs AI Slowdown as Safety Concerns Grow

ARK Investment Management founder Cathie Wood has welcomed calls from leading artificial intelligence executives to slow the rapid advancement of AI technology, arguing that greater scrutiny could help protect the industry...

Big AI wants to slow down AI research. Is it a safety pause or a strategic retreat?

Over the weekend, Anthropic chief executive Dario Amodei called for artificial intelligence (AI) companies, including his own, to slow down their work. Sam Altman and Elon Musk, heads of rivals OpenAI and xAI respectively,...
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