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Alibaba Cancels Cloud Computing Spin-off Plans Amidst US Controls on Chip Exports`

Nov 17, 2023 05:24 am UTC| Business Technology Investing

Alibaba has abandoned plans to spin off its cloud computing division, citing recent tightening of US controls on chip exports to China as a major factor. This development introduces uncertainties regarding the prospects of...

S. Korea's National Pension Service Records $7 Million Profit in 280K Coinbase Shares

Nov 17, 2023 05:23 am UTC| Business Digital Currency Investing

The 282,673 Coinbase shares that the National Pension Service (NPS) acquired for approximately $19.9 million in the third quarter have already gained a remarkable 39% in value since its purchase. Now valued at $27.7...

Aston Martin's F1 Team Gets £1 Billion Investment from Arctos Partners

Nov 17, 2023 05:20 am UTC| Business Sports Investing

Arctos Partners has chosen to invest in Aston Martins Formula One team ahead of F1s anticipated return to Las Vegas. This deal places a valuation of approximately 1 billion on the racing unit. It also marked the first...

Digital Currency Revolution

Commerzbank Receives Crypto Custody License in Germany, Becomes First German Bank to Get It

Nov 16, 2023 08:44 am UTC| Business Digital Currency Investing

Commerzbank AG announced it was able to secure a cryptocurrency custody license in Germany. It has now become the first major bank in the country to obtain this type of permit which will allow it to move ahead with its...

Digital Currency Revolution

Dairy Queen Jumps Into NFT Game, Opens Digital Token Pop-Up Store in China

Nov 16, 2023 07:41 am UTC| Business Digital Currency Investing

Dairy Queen has entered the NFT market and opened a pop-up store for digital tokens in China. The restaurant teamed up with Weirdo Ghost Gang for its first non-fungible token project and launch of the store in...

Recent Cybersecurity Threat Uncovered by Unciphered Puts Crypto Assets at Risk

Nov 15, 2023 10:15 am UTC| Technology Investing

A revelation by cybersecurity firm Unciphered has brought to light a significant risk to cryptocurrency assets. The security flaw, named Randstorm, potentially endangers a vast number of crypto wallets created between 2011...

Digital Currency Revolution

Disney Unveils NFT Platform in Partnership with Dapper Labs to Launch Star Wars, Pixar Digital Collectibles

Nov 15, 2023 09:36 am UTC| Business Digital Currency Investing

The Walt Disney Company has teamed up with Dapper Labs Inc. to set up its NFT platform for its digital collectibles featuring the brands popular characters and film franchises such as Star Wars and Pixar. The companies...

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Economy

Putin in Delhi: Assessing the Stakeholders. A Comprehensive Examination of Defence, Energy, and Aspirations for Export Expansion."

With discussions spanning new S-400 regiments, cooperative Su-57 fighter and hypersonic technology, and long-term agreements on Russian crude, LNG, and nuclear initiatives, Putins visit to Delhi places defence and energy...

Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets

Most Asian currencies held steady on Thursday after modest gains, as markets continued to price in the possibility of a Federal Reserve rate cut next week. The US Dollar Index edged 0.1% higher following an overnight dip...

Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains

Asian stock markets traded mostly subdued on Thursday, mirroring the modest uptick seen on Wall Street as investors positioned themselves ahead of next weeks Federal Reserve meeting. Market sentiment remained cautiously...

China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai

Taiwan President Lai Ching-te has urged Chinese President Xi Jinping to direct his focus toward revitalizing Chinas weakening economy rather than pursuing territorial expansion, highlighting widening economic contrasts...

IMF Deputy Dan Katz Visits China as Key Economic Review Nears

International Monetary Fund Deputy Managing Director Dan Katz is making his first trip to China since leaving his position as chief of staff to U.S. Treasury Secretary Scott Bessent, marking a significant moment ahead of...

Politics

Cuba Reaffirms Anti-Drug Cooperation as Tensions Rise in the Caribbean

Cuban authorities announced that the island is intensifying its fight against narcotics trafficking in the Caribbean, emphasizing ongoing cooperation with the U.S. Coast Guard despite heightened political tensions and an...

Drones Spotted Near Zelenskiy’s Flight Path in Ireland Trigger Security Alert

An Irish naval vessel detected as many as five drones operating close to the flight path of Ukrainian President Volodymyr Zelenskiys aircraft as he arrived in Ireland for a state visit, according to local media reports on...

Australia Progresses AUKUS Review as U.S. Affirms Strong Support

Australia is moving forward with the newly received United States review of the AUKUS nuclear-powered submarine partnership, signalling renewed confidence in the trilateral defence pact with the U.S. and the United...

Trump Administration Tightens H-1B Visa Vetting With New Focus on Free Speech and Censorship

The Trump administration has introduced stricter vetting measures for H-1B visa applicants, targeting professionals in highly skilled fields often recruited by major U.S. tech companies. According to an internal State...

California Launches Portal for Reporting Alleged Misconduct by Federal Immigration Agents

California has introduced a new online portal that enables the public to submit videos, photos, and other evidence of potential misconduct by federal immigration agents. The initiative comes as immigration enforcement...

Science

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Trump and Merck KGaA Partner to Slash IVF Drug Costs and Expand Fertility Coverage

U.S. President Donald Trump and German pharmaceutical company Merck KGaA have announced a groundbreaking deal aimed at lowering the cost of in-vitro fertilization (IVF) treatments while boosting access to fertility care in...

Technology

EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp

The European Commission is reportedly preparing to launch a new antitrust investigation into Meta Platforms Inc. (NASDAQ: META) over the companys recent rollout of artificial intelligence features within WhatsApp....

Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX

OpenAI CEO Sam Altman reportedly explored raising significant capital to acquire or partner with a rocket company, a move that could have created direct competition with Elon Musks SpaceX. According to a report from the...

Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation

Wikipedia is seeking additional licensing deals with major technology companies to address the growing financial burden caused by artificial intelligence firms heavily scraping its platform, according to co-founder Jimmy...

Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature

Firelight reaches 25M XRP deposit cap within hours of launch; ushers in a new era for decentralized XRP staking. A new XRP staking platform, Firelight, has officially launched on the Flare blockchain, marking the first...

OpenAI Moves to Acquire Neptune as It Expands AI Training Capabilities

OpenAI has confirmed plans to acquire Neptune, a startup known for its advanced tools that help companies track, monitor, and optimize AI model training workflows. Although the company did not release the financial details...