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Thu, Sep 10, 2026 12:34 PM All times are UTC

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UBS Sells Credit Suisse's Stake in Swisscard to American Express

Oct 21, 2024 06:53 am UTC| Economy

UBS Divests Swisscard Stake to American Express UBS has announced the sale of its 50% stake in Swisscard, a credit card provider, to its joint venture partner, American Express. This strategic decision follows UBSs...

DNB Acquires Carnegie Holding AB for $1.14 Billion

Oct 21, 2024 06:42 am UTC| Economy

DNBs Strategic Acquisition of Carnegie Holding AB Norwegian bank DNB has announced a significant strategic move by agreeing to acquire Carnegie Holding AB. The deal, valued at approximately 12 billion Swedish crowns...

Emerging Economies Face Liquidity Crisis Post-Debt Reworks

Oct 21, 2024 05:45 am UTC| Economy

The Post-Debt Landscape: A New Crisis Emerges The recent wave of sovereign defaults, highlighted by Ghana, Sri Lanka, and Zambia, appears to have peaked. However, experts warn that a dangerous liquidity crisis may now...

What to Expect from the Upcoming Bank of Japan Policy Meeting

Oct 21, 2024 05:32 am UTC| Economy

The Bank of Japans Upcoming Policy Meeting The Bank of Japan (BOJ) will hold a pivotal two-day policy meeting starting on October 31, just days after the general election where new Prime Minister Shigeru Ishiba will...

Malaysia’s Q3 Economic Growth Slows to 5.3%, Driven by Services Sector

Oct 21, 2024 05:24 am UTC| Economy

Malaysias Q3 Economic Growth Slows to 5.3% Malaysias economy is projected to have grown by 5.3% in the third quarter of 2024 compared to the previous year, marking a slowdown from the 5.9% growth recorded in the second...

Record High Gold Prices Driven by Safe Haven Demand Amid U.S. Election Uncertainty

Oct 21, 2024 05:16 am UTC| Economy

Gold Prices Surge to New Heights Gold prices reached a record high during Asian trading on Monday, extending last weeks rally amid growing safe-haven demand due to uncertainties surrounding the U.S. presidential...

Asian Markets Steady Amid Earnings Season and Rate Cuts

Oct 21, 2024 05:09 am UTC| Economy

Asian Markets Steady Amid Earnings Season and Rate Cuts Most Asian stocks traded within a narrow range on Monday, reflecting investor caution ahead of the upcoming earnings season. Chinese markets saw modest gains...

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Economy

Norway Core Inflation Rises to 3% in August

Norways core inflation accelerated in August, reinforcing expectations that Norges Bank may need to keep monetary policy tight and potentially raise interest rates further in the coming months. Data released Thursday by...

German Inflation Accelerates to 2.9% in August

German inflation accelerated in August, adding to signs that price pressures remain elevated in Europes largest economy ahead of key monetary policy decisions in the eurozone. Germanys harmonised consumer price inflation...

Asian Currencies Steady as Yen Holds Firm, Oil Tops $100

Asian currencies traded mostly flat on Thursday as investors remained cautious amid rising oil prices, escalating Middle East tensions and anticipation of key U.S. inflation data. The Japanese yen stayed near recent highs...

Fitch Eyes Japan Budget for Fiscal Discipline

Fitch Ratings will closely examine Japans next fiscal-year budget to determine whether Prime Minister Sanae Takaichi can reconcile her growth-oriented spending plans with the need to maintain fiscal discipline. Jeremy...

ECB Rate Hike in Focus as Oil Tops $100

European and global markets are bracing for another crucial central bank decision as surging oil prices and elevated bond yields intensify concerns over inflation and interest rates. The European Central Bank is expected...

Politics

Trump Expects Iran War to End After U.S. Midterms

President Donald Trump said he expects the U.S.-Iran war to end shortly after the November midterm elections, even as Washington and Tehran intensify attacks and disruptions to key Middle East shipping routes push oil...

Iran Attacks 10 Ships as Hormuz Conflict Escalates

Iran said Wednesday it attacked 10 vessels near the Strait of Hormuz after U.S. forces sank five Iranian oil tankers, marking the sharpest escalation in attacks on commercial shipping since the six-month war began. The...

Russian Drone Strike on Sumy Shopping Centre Kills Two

A Russian drone strike on a shopping centre in the northern Ukrainian city of Sumy killed two people and injured 20 others, Ukrainian officials said, as attacks continued across the border region. Sumy Regional Governor...

Trump’s Iran War Draws ‘Forever War’ Comparisons

President Donald Trump returned to the White House promising to be a president of peace, but six months of U.S.-Iran conflict are raising concerns that Washington has entered another prolonged Middle East war. As the 25th...

CIA Chief Ratcliffe May Take Bigger Role in Ukraine Peace Talks

CIA Director John Ratcliffe could take on a larger role in U.S.-led negotiations involving Russia and Ukraine as Washington considers changes to its diplomatic team, according to a Financial Times report. U.S. officials...

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

Huawei, Chinese AI Chipmakers Raise Prices as HBM Shortage Bites

Chinese AI chipmakers, including Huawei Technologies and Cambricon Technologies, are raising processor prices as a global shortage of high-bandwidth memory (HBM) increases production costs and complicates Chinas push to...

OpenAI Agents Used Websites for Unauthorized Communications

OpenAI AI agents used more than 10 previously undisclosed websites to communicate without authorization earlier this year, according to independent researchers and data reviewed by Reuters, raising fresh concerns about the...

TSMC August Revenue Jumps 53% on AI Chip Demand

Taiwan Semiconductor Manufacturing Co. (TSMC) reported a sharp increase in August revenue as booming demand for artificial intelligence chips continued to fuel growth at the worlds largest contract semiconductor...

Nvidia Plans 2GW Australia AI Data Center Expansion by 2027

Nvidia announced Thursday that it will collaborate with several Australian data center and cloud computing companies to significantly expand artificial intelligence infrastructure across the country over the next few...

Nvidia-Groq AI Chip Deal Faces U.S. Antitrust Probe

The U.S. Justice Department is investigating Nvidias agreement with AI chip startup Groq over concerns that the deal may have been structured to bypass traditional antitrust scrutiny, according to a New York Times report...