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Honda receives multiple offers for F1 partnership

Feb 20, 2023 23:43 pm UTC| Economy Business Sports Nature

Honda has received several offers for a partnership when Formula Ones new engine era starts in 2026. The Japanese car manufacturer has an agreement to build engines for F1 champions Red Bull and sister team AlphaTauri,...

Vietnam’s Nike, Adidas shoemaker to cut 6,000 jobs due to poor demand

Feb 20, 2023 23:29 pm UTC| Economy Business Life Sports

PouYuen Vietnam will lay off 3,000 factory workers and not renew the 3,000 contracts due to very few production orders in 2023 caused by a sigificant drop in worldwide purchasing power, according to Vietnams labor...

Adidas' profit warning leads to Moody's credit rating cut to A3

Feb 19, 2023 23:47 pm UTC| Sports Life Economy Business

Moodys dowgraded Adidas long-term issuer rating from A2 to A3 due to the companys recent profit warning. Theres a possibility of a further downgrade as it maintained a negative outlook on the sportswear maker. On...

McDonald’s, Wendy’s spat over Daytona 500

Feb 18, 2023 23:10 pm UTC| Economy Business Sports

After McDonalds stamped its golden arches logo on the hood of 23XI Racing driver Bubba Wallaces No. 23 Toyota, Wendys countered with a picture of a super-sized beefy cheeseburger with the slogan The Beef emblazoned on Noah...

Coca-Cola struggles to complement Powerade with BodyArmor in competing with Gatorade

Feb 18, 2023 22:59 pm UTC| Economy Business Sports Health

Coca-Cola has struggled to integrate its $5.6 billion purchase of BodyArmor with Powerade, which led to more disruption in the short-term than expected, according to CEO James Quincey. Body Armors sales declined in the...

S. Koreans buy over 1 million copies of Japanese comic series ‘Slam Dunk’

Feb 15, 2023 23:21 pm UTC| Life Sports Economy Business

Manga basketball comic book series Slam Dunk has sold over 1 million copies in South Korea, after a resurgence in sales since Jan. 4, when the animated film adaptation The First Slam Dunk hit local screens. The local...

NBC to bid on NBA's media rights package

Feb 15, 2023 23:04 pm UTC| Sports Economy Business

NBC is bidding on an NBA package that would include playoff games to air on its broadcast network more than 20 years after it lost its rights to ESPN and Turner. The broadcasting firm is also seeking to air some regular...

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Economy

US Debt Tops $40 Trillion as Global Borrowing Costs Surge

U.S. government debt has surpassed $40 trillion for the first time, highlighting growing fiscal pressures as major economies face rising spending demands from ageing populations, defence, climate change and higher interest...

UK Budget Swings to Surprise £1.8 Billion Deficit in July

Britain recorded an unexpected 1.8 billion ($2.5 billion) budget deficit in July, as inflation-driven government spending outweighed record self-assessed income tax receipts, highlighting continued pressure on the UKs...

US Plans ‘Toughest Sanctions in History’ on Iran, Bessent Says

U.S. Treasury Secretary Scott Bessent said Washington is preparing to impose sweeping new sanctions on Iran, reinforcing President Donald Trumps push to intensify economic pressure on Tehran amid ongoing tensions and...

South Korea Producer Prices Fall 0.4% in July

South Koreas producer prices fell in July for the first time in nearly a year, as lower global crude oil prices helped offset rising agricultural costs caused by extreme summer heat. The producer price index (PPI) declined...

Japan Inflation Rises, Boosting BOJ Rate Hike Bets

Japans inflation accelerated for a third consecutive month in July, strengthening expectations that the Bank of Japan could raise interest rates again in the coming months as underlying price pressures intensify. Japans...

Politics

Prince Harry Faces Potential Multi-Million-Pound Legal Bill in Daily Mail Case

Prince Harry could soon learn how many millions of pounds he and other claimants must pay toward the legal costs of the publisher of the Daily Mail after losing a high-profile privacy lawsuit. On Friday, London High Court...

Russia Arrests Nine Over Alleged Ukraine-Linked Attack Plans

Russian authorities have arrested nine people in separate cases involving alleged plans to target strategic infrastructure and government sites, according to state news agencies citing the Federal Security Service (FSB)....

Trump Eyes Kim Jong Un Summit as North Korea Sets Tough Terms

U.S. President Donald Trump is seeking another meeting with North Korean leader Kim Jong Un later this year, but Pyongyangs guarded response suggests renewed diplomacy could depend on major changes in U.S. policy toward...

Myanmar Military Pushes to Clear Land for Russia-Backed Dawei SEZ

Myanmars military has deployed hundreds of troops around the Russia-backed Dawei Special Economic Zone (SEZ), as authorities seek to revive the strategically important project in the countrys southern Tanintharyi Region....

Imran Khan Returns to Prison After Islamabad Hospital Visit

Pakistans former Prime Minister Imran Khan returned to prison on Friday after spending several hours overnight at an Islamabad hospital for a medical examination ordered by the countrys Supreme Court. Khan, 73, was...

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

Samsung Shares Rise on $72 Billion Shareholder Return Plan

Samsung Electronics shares climbed on Friday following reports that the South Korean technology giant is preparing a shareholder return package potentially exceeding 100 trillion won ($72 billion). Samsungs board is...

Alibaba Shares Fall as AI Spending Hits Profit

Alibaba shares dropped nearly 3% in Hong Kong trading on Friday after the Chinese technology giant reported a steep decline in quarterly profit, as aggressive artificial intelligence investment weighed on earnings and cash...

Samsung Eyes $72 Billion Shareholder Return Plan as AI Chip Boom Fuels Profits

Samsung Electronics is reportedly preparing a new shareholder return policy worth more than 100 trillion won ($71.75 billion), as booming demand for artificial intelligence chips drives expectations of record profits at...

SK Hynix Shares Surge on Record $28.6 Billion Buyback

SK Hynix shares staged a strong rebound on Thursday after the South Korean memory-chip giant announced a record 40 trillion won ($28.6 billion) share buyback and cancellation plan, providing fresh confidence to investors...

OpenAI Revenue Rises 18% in Q2 as Losses Widen and Anthropic Surges Ahead

OpenAI reported an 18% increase in second-quarter revenue, but widening losses and rapid growth at rival Anthropic are adding pressure on the ChatGPT maker, according to The Wall Street Journal. OpenAI told investors that...