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Fri, Dec 05, 2025 08:51 AM All times are UTC

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Tesla Inks $16.5B Chip Deal with Samsung to Boost AI Chip Production

Jul 28, 2025 05:03 am UTC| Technology Business

Tesla (NASDAQ:TSLA) CEO Elon Musk confirmed a $16.5 billion agreement with Samsung Electronics (KS:005930) to supply next-generation AI chips, signaling a major push in the U.S. automakers AI ambitions and Samsungs foundry...

Samsung Secures $16.5 Billion Semiconductor Deal in Major Foundry Win

Jul 28, 2025 00:42 am UTC| Business Technology

Samsung Electronics announced on Monday that it has signed a $16.5 billion contract to supply semiconductors to a leading global corporation, marking one of its largest chip manufacturing deals to date. The agreement,...

Japan’s $550B U.S. Tariff Deal to Boost Semiconductor Supply Chain

Jul 26, 2025 23:04 pm UTC| Politics Economy Technology

Japan has agreed to a $550 billion investment package with the United States aimed at strengthening critical supply chains, particularly in semiconductors, as part of a broader tariff reduction deal. The initiative,...

Huawei Unveils CloudMatrix 384 AI System to Challenge Nvidia in China’s AI Race

Jul 26, 2025 23:01 pm UTC| Technology Business

Huawei Technologies has introduced its most advanced AI computing system, the CloudMatrix 384, at the World Artificial Intelligence Conference (WAIC) in Shanghai, intensifying competition with U.S. rival Nvidia (NASDAQ:...

China Proposes Global AI Cooperation Body Amid U.S. Tech Rivalry

Jul 26, 2025 10:12 am UTC| Technology Governance

China announced plans to establish an international organization to foster global cooperation on artificial intelligence, positioning itself as a counterweight to U.S. influence in the rapidly advancing technology. Premier...

NASA Faces Major Workforce Reduction as 20% of Employees Prepare to Leave

Jul 26, 2025 02:17 am UTC| Governance Science Technology

NASA is bracing for a significant workforce reduction, with roughly 20% of its employees expected to leave the agency in the coming weeks. According to a NASA spokesperson, about 3,870 staff members are anticipated to...

New York Court Grants Social Media Immunity in Buffalo Mass Shooting Case

Jul 26, 2025 01:00 am UTC| Technology Business Law

A New York state appeals court has ruled that major social media companies, including Metas Facebook and Instagram, Googles YouTube, and Reddit, cannot be held liable for allegedly aiding the radicalization of a gunman...

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Economy

Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth

Germanys economic outlook remains cautious, with a new forecast from the German Economic Institute (IW) indicating only modest improvement in 2025 as global trade falters and domestic financial pressures intensify....

Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data

Japans Nikkei 225 slid on Friday, erasing its gains for the week and diverging from mostly positive Asian markets as investors turned cautious ahead of a crucial U.S. inflation reading that could influence the Federal...

Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth

Europe is facing growing competitive pressure from China as Beijing intensifies its export-driven growth strategy, a shift Goldman Sachs says is reshaping the outlook for several major European industries. The bank...

Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook

Citigroup has raised its outlook for European equities, setting a 2026 year-end target of 640 for the STOXX 600 index. The forecast suggests a potential 10.5% upside from Thursdays close, reflecting growing confidence in...

Dollar Weakens Ahead of Expected Federal Reserve Rate Cut

The U.S. dollar hovered near a five-week low on Friday as global investors positioned themselves for a widely anticipated Federal Reserve rate cut next week. The greenback remained under pressure across major currencies,...

Politics

Taiwan Opposition Criticizes Plan to Block Chinese App Rednote Over Security Concerns

Taiwans political landscape heated up after the government announced a plan to suspend access to the Chinese social media platform Rednoteknown as Xiaohongshufor one year. The interior ministry said the proposed ban stems...

China’s Expanding Maritime Military Presence Alarms Taiwan and Japan

Taiwan and Japan expressed growing concern on Friday over Chinas expanding military activity across East Asian waters, following a Reuters report revealing Beijings largest maritime deployment to date. According to...

Honduras Election Turmoil Intensifies as Nasralla Blames Trump for Shift in Results

Honduran presidential candidate Salvador Nasralla says last-minute interference by former U.S. President Donald Trump undermined his chances in the countrys tightly contested election. Speaking with Reuters, Nasralla, a...

Australia and Japan Strengthen Defence Cooperation Amid Rising Regional Tensions

Australian Defence Minister Richard Marles will travel to Japan on Saturday for high-level defence talks with his counterpart, Shinjiro Koizumi, as both nations deepen security cooperation in response to growing regional...

U.S. Justice Department Orders Intensified Probe Into Antifa and Domestic Extremist Groups

U.S. Attorney General Pam Bondi has directed federal law enforcement agencies to significantly ramp up investigations into the antifa movement and other groups deemed potential domestic extremist threats, according to an...

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...