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UAE, Israel eye energy, infrastructure cooperation

Sep 24, 2020 04:59 am UTC| Economy

The energy ministers of the UAE and Israel explored possible investment opportunities in energy, infrastructure, oil, gas, and renewable energy in a video call on Wednesday. The two countries also focused on advanced...

S. Korean healthcare and cosmetics exports surge 42% in August

Sep 21, 2020 23:24 pm UTC| Economy

South Korea exported US$1.69 billion worth of pharmaceuticals, cosmetics, and medical devices in August, up 42 percent from a year ago. According to data from the Korea Health Industry Development Institute (KHIDI), the...

Unemployment support will be slashed by $300 this week in Australia. This won't help people find work

Sep 21, 2020 05:34 am UTC| Economy

This week, support to unemployed Australians will be dramatically reduced. In April, the new Coronavirus Supplement roughly doubled the level of benefits for unemployed people on the JobSeeker payment and a range of...

Brexit: Ireland's land bridge to the continent boosts air pollution in the UK

Sep 20, 2020 06:10 am UTC| Economy Politics

A no-deal Brexit could cost up to 5,000 jobs in Irelands fisheries, but its not just access to the UKs coastal waters that the country is hoping to hold on to in any post-Brexit arrangement. Perhaps more important to...

Central Banking Series

Federal Reserve hopes years of zero rates will spur inflation – but there are risks

Sep 20, 2020 06:01 am UTC| Economy Central Banks

In a healthy economy, prices tend to go up a process called inflation. While you might not like that as a consumer, moderate price growth is a sign of a growing economy. And, historically at least, wages tend to go up...

50 years ago Milton Friedman told us greed was good. He was half right

Sep 20, 2020 05:57 am UTC| Economy

The point is, ladies and gentleman, that greed for lack of a better word is good. Greed is right. Greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its...

CaixaBank's acquisition of Bankia to create Spain's largest bank

Sep 19, 2020 09:32 am UTC| Economy

CaixaBank will acquire state-owned Bankia in an all-share deal that would create Spains largest bank with total assets exceeding $786.6 billion. The deal will help the companies tackle dwindling profitability due to the...

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Economy

RBI Holds Interest Rates Steady Amid Middle East Tensions and Global Uncertainty

The Reserve Bank of India (RBI) kept its benchmark interest rate unchanged at 5.25% during its latest policy meeting, a decision that aligned with market expectations. Governor Sanjay Malhotra acknowledged the resilience...

Xi Jinping Pushes Demand-Driven Strategy to Modernize China's Service Sector

Chinas President Xi Jinping has outlined a bold strategy to transform the countrys service industry, calling for a demand-led approach supported by structural reform and technological innovation. The directive was reported...

Trump Suspends Iran Strikes for Two Weeks as Ceasefire Talks Begin

President Donald Trump announced Tuesday evening that he would delay planned military strikes against Iran for two weeks, marking a significant diplomatic breakthrough after weeks of escalating tensions. The suspension...

U.S. Stock Futures Surge as Trump Postpones Iran Strikes, Ceasefire Hopes Rise

U.S. stock index futures climbed sharply on Tuesday evening as optimism grew over a potential end to the ongoing Middle East conflict. The rally followed President Donald Trumps announcement that planned military strikes...

Oil Prices Crash 15% as Trump and Iran Agree to Two-Week Ceasefire

Crude oil markets were thrown into a frenzy on Wednesday after U.S. President Donald Trump announced a two-week ceasefire with Iran, triggering one of the sharpest single-day oil price drops seen in recent memory. The...

Politics

Trump Announces U.S. Military Presence in Strait of Hormuz Following Iran Ceasefire Deal

President Donald Trump announced Wednesday that the United States will actively support the flow of maritime traffic through the Strait of Hormuz, one of the worlds most strategically critical waterways. Speaking publicly,...

U.S. Automakers Push Back Against EU Rules Blocking American Trucks from European Market

American automobile manufacturers are raising alarms over what they describe as deliberate European Union barriers preventing some of their most iconic and best-selling pickup trucks from entering the European market....

ICE Officer-Involved Shooting in Northern California After Suspect Rams Vehicle

Immigration and Customs Enforcement officers shot and wounded a man in Patterson, California, on Tuesday after he allegedly attempted to use his car as a weapon against agents during an enforcement operation. ICE Acting...

Trump Claims "Total and Complete Victory" After U.S.-Iran Ceasefire Agreement

President Donald Trump declared a sweeping American victory on Tuesday following the announcement of a two-week ceasefire agreement with Iran, describing the outcome as a 100 percent win for the United States. Speaking...

World Reacts as Trump Issues Dire Warning to Iran Ahead of Surprise Ceasefire

Global leaders, lawmakers, and even members of Donald Trumps own Republican Party pushed back sharply after the U.S. president issued a sweeping threat suggesting an entire civilization could be destroyed unless Iran...

Science

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

Technology

U.S. Disrupts Russian Military Hackers' Global DNS Hijacking Network

The U.S. Justice Department has successfully executed a court-authorized operation to dismantle a DNS hijacking network tied to Russian military intelligence. The network was run by GRU Military Unit 26165, a cyber unit...

Samsung Electronics Posts Eightfold Profit Surge Driven by AI Chip Demand

Samsung Electronics delivered a stunning financial turnaround in the first quarter of 2025, projecting operating profit of approximately 57.2 trillion won (roughly $38 billion) a more than eightfold increase compared to...

China's Push to Steal Taiwan's Chip Technology and Talent Raises Security Alarms

Taiwans National Security Bureau has raised serious concerns about Beijings escalating efforts to infiltrate the islands world-class semiconductor industry. According to a report submitted to Taiwanese lawmakers, China is...

Apple's Foldable iPhone Faces Engineering Setbacks, Mass Production Timeline at Risk

Apples highly anticipated foldable iPhone is running into significant engineering hurdles during its test phase, raising concerns about potential delays in both mass production and product shipments, according to a report...

Britain Courts Anthropic Amid US Defense Department Dispute

The United Kingdom is actively working to attract Anthropic, the company behind the popular Claude AI app, to expand its footprint in the country. This diplomatic push comes as Anthropic finds itself in the middle of a...