News
Seven & i Holdings Rejects Alimentation Couche-Tard’s Takeover Bid
Source – barrons.com Seven and I Holdings, the parent company of 7-Eleven, has declined the takeover offer from Canadian convenience…
U.S. Steel Shares Plunge as White House Prepares to Block Sale to Nippon Steel
Source – cnbc.com Potential Blockage of $14.9 Billion Deal U.S. Steel shares experienced a significant decline of over 17% on…
US Justice Department Intensifies Antitrust Investigation Into Nvidia
Source – forbes.com Subpoenas Sent to Nvidia Amid Antitrust Concerns The US Department of Justice (DOJ) has escalated its antitrust…
Russia-India Trade Thrives Despite Western Sanctions, Sberbank Reports
Source – finance.yahoo.com Smooth Transactions Amid Growing Trade Russia’s trade relationship with India has significantly strengthened, with bilateral payments proceeding…
ESPN and ABC Blackout DirecTV Subscribers Amid Dispute with Disney
Source – latimes.com Disney Channels Go Dark on DirecTV On Sunday, Disney’s channels were abruptly removed from DirecTV, leaving millions…
Anthropic Faces Class-Action Lawsuit Over Alleged Copyright Infringement
Source – benzinga.com Anthropic, the AI startup backed by Amazon, Google, and Salesforce, has been hit with a class-action lawsuit…
Lowe's Lowers Full-Year Forecast Amid Declining Sales
Source – investopedia.com Lowe’s has revised its full-year financial forecast downward, citing a decline in quarterly sales and anticipated weak…
Edgar Bronfman Jr. Makes High-Stakes Bid for Paramount
Source – cnbc.com Billionaire media investor Edgar Bronfman Jr. has intensified his pursuit of Paramount Pictures, presenting a last-minute offer…
Harley-Davidson Scales Back Diversity and Inclusion Efforts
Harley-Davidson has announced a significant reduction in its diversity, equity, and inclusion (DEI) initiatives. In a statement released on social…
Eli Lilly’s Tirzepatide Shows Promising Results in Diabetes Prevention Study
Source – biopharmadive.com Eli Lilly’s tirzepatide weight loss drug has demonstrated impressive efficacy in reducing the risk of developing Type…
EU Slashes Proposed Tariffs on Tesla Vehicles Imported from China
Source – google.com In a significant policy shift, the European Union announced on Tuesday a reduction in the planned tariffs…
Shein Sues Temu Over Alleged Design Theft and Fraud
Source – cnbc.com In a dramatic legal move, Chinese fast-fashion behemoth Shein has filed a lawsuit against rival retailer Temu,…
SpaceX Launches Arctic Satellite Broadband Mission for Space Norway
Source – spaceflightnow.com SpaceX has completed its second launch of the weekend, sending a Falcon 9 rocket into space on…
Krafton Acquires Tango Gameworks: What It Means for the Studio and Its Games?
Source – beebom.com Krafton, the publisher known for popular titles such as PUBG: Battlegrounds and The Callisto Protocol, has acquired…
Nova Launcher Team Faces Major Downsizing
Source – 9to5google.com Nova Launcher, a prominent Android home screen replacement app, has experienced a significant reduction in its development…
Hugging Face Acquires XetHub to Enhance AI Collaboration
Source – venturebeat.com Hugging Face, a leading developer tools provider has announced its acquisition of XetHub, a data storage and…
The Emotional Bond Between Humans and AI Raises Concerns for OpenAI
Source – techopedia.com When a safety tester working with OpenAI’s GPT-4o mentioned in a message, “This is our last day…
Foxconn Hires 50,000 Workers at Zhengzhou Factory for iPhone 16 Production
Source – linkedin.com Taiwan’s Foxconn, Apple’s largest manufacturing partner, has recently hired approximately 50,000 new workers at its massive Zhengzhou…
Carro Aims to Raise $130 Million Before IPO, Eyes US Listing
Source – www.marketscreener.com Online used car marketplace Carro is gearing up to raise approximately S$130 million (US$98 million) as it…
Discovery Unveils New Secrets Behind 'Brightest Gamma-Ray Burst of All Time'
Source – earth.com New Insights into the BOAT’s Extraordinary Energy Burst Nearly two years after its detection, the gamma-ray burst…
Bangladesh's Prime Minister Resigns Amidst Protests; Military Declares Interim Government
Source – zoomnews.in Historic Protests Lead to Prime Minister’s Resignation On August 5, dramatic scenes unfolded in Bangladesh as protesters…
Philippines and Vietnam to Conduct Historic Maritime Exercises
Source – straitstimes.com Joint Drills Set to Strengthen Regional Trust On August 9, the Philippines and Vietnam will embark on…
China Targets Banks to Prevent Bond Bubble
Source – bloomberg.com China has implemented an unconventional strategy to deter banks from purchasing government bonds, as authorities seek to…
Samsung Chairman Responds to Criticism of 'Apple-Like' Designs
Source – in.mashable.com Internal Discontent Over Design Imitations Samsung’s executive chairman, Lee Jae-yong, has reportedly voiced dissatisfaction with the company’s…
IndiGo Expands International Network with New Destinations
Source – travel.economictimes.indiatimes.com Strategic Expansion Plan Announced India’s largest airline, IndiGo, is set to broaden its international reach by adding…
Byju Raveendran Files Caveat Against Glas Trust Company LLC
Source – outlookbusiness.com Legal Maneuver Ahead of Supreme Court Challenge Byju Raveendran has filed a caveat with the Supreme Court…
DOJ Investigates Nvidia’s Acquisition of Run for Antitrust Concerns
Source – cxotv.techplusmedia.com Antitrust Probe Launched The U.S. Department of Justice (DoJ) is investigating Nvidia’s acquisition of Run, an Israeli…
Citigroup's Restructuring Hits Singapore Staff
Source – freemalaysiatoday.com Ongoing Layoffs and Restructuring Citigroup has been making significant cuts to its workforce as part of a…
Indonesia Celebrates Historic Olympic Golds in Speed Climbing and Weightlifting
Source – aljazeera.com Veddriq Leonardo Secures Indonesia’s First Non-Badminton Olympic Gold Veddriq Leonardo made history by winning Indonesia’s first Olympic…
Southeast Asia Poised to Surpass China in Economic Growth and FDI
Source – nationthailand.com Southeast Asia’s Economic Outlook Brightens A recent study from the Angsana Council, U.S. consultancy Bain & Co.,…
Indian Wrestler Vinesh Phogat Appeals Olympic Disqualification
Source – humenglish.com Historic Run Ends in Disqualification Indian wrestler Vinesh Phogat, who was disqualified from the 50 kg freestyle…
Boeing Expands Engineering Presence in India Amid Geopolitical Shifts
Source – evrimagaci.org Boeing’s Hiring Preferences Shift Boeing is significantly increasing its hiring of engineers in India compared to China,…
Prime Minister Narendra Modi Intervenes as Vinesh Phogat Faces Disqualification from Paris Olympics
Source – indiatvnews.com In a shocking turn of events, Indian wrestler Vinesh Phogat was disqualified from the 50-kg wrestling event…
MAS Forms Review Group to Revitalize Singapore's Stock Market
Source – straitstimes.com New Review Group Established The Monetary Authority of Singapore (MAS) has announced the formation of a review…
Ola Electric Mobility Launches Mega IPO
Source – indiatoday.in IPO Subscription Opens Ola Electric Mobility’s highly anticipated initial public offering (IPO) commenced on Friday, August 2,…
Intel Announces Major Layoffs Amidst Ongoing Financial Struggles
Source – evrimagaci.org Intel has announced significant layoffs as part of a new $10 billion cost savings plan for 2025.…
Vistara Announces Voluntary Retirement and Separation Schemes
Source – hindustantimes.com In a significant move preceding its merger with Air India, Vistara has introduced Voluntary Retirement Scheme (VRS)…
Strategic Shift in China's E-Commerce Sector
Source – asia.nikkei.com China’s e-commerce sector is undergoing a significant transformation as platforms transition from prioritizing ultra-low prices to focusing…
Major Investment to Boost Bus Connectivity in Singapore
Source – freepressjournal.in Over the next eight years, Singapore will invest up to $900 million to enhance public bus connectivity…
End of an Era for Future Retail
Source – legaleraonline.com Future Retail Ltd, once a pioneer in India’s organized retail sector, faces liquidation as ordered by the…
Record-Breaking Funding in India's Spacetech Sector
Source – yourstory.com India’s spacetech sector reached unprecedented funding levels in 2023, amassing $126 million, a 7% rise from $118…
Major Drug Kingpin Arrested in U.S.: "El Mayo" Zambada and El Chapo's Son Detained in Texas
Source – x.com Significant Arrests in the War on Drugs In a significant victory for U.S. authorities, Mexican drug kingpin…
New Labour Government Urged to Act Swiftly on Climate Goals
Source-flint-global.com The new Labour government faces an urgent challenge to bring Britain back on course to meet its 2030 climate…
Mortgage Rates Hit Lowest Point Since March, Spurring Refinancing Surge But Leaving Homebuyers Unmoved
Source-livemint.com Mortgage rates fell to their lowest level since March last week, igniting a sharp increase in refinancing activity, although…
NASA Cancels VIPER Moon Rover Program Amid Rising Costs
Source – smithsonianmag.com smart news VIPER Mission Scrapped NASA has officially canceled its VIPER moon rover program due to escalating…
TSMC Exceeds Q2 Expectations Amid Soaring AI Chip Demand
Source – communicationstoday.co.in Strong Financial Performance Taiwan Semiconductor Manufacturing Company (TSMC) surpassed revenue and profit expectations in the second quarter,…
Ford Expands Super Duty Truck Production to Canadian Plant
Source-Detroitnews.com Investment and Expansion Plans Ford Motor Company has announced a major expansion in the production of its large Super…
ECB Holds Interest Rates Steady, Keeps Door Open for September Cut
Source – reuters.com Unanimous Decision to Hold Rates The European Central Bank (ECB) maintained its key interest rate at 3.75%…
Bird Flu Spreads Across Species: A New Global Health Challenge
Source – news18.com Emergence in Dairy Cows and Human Cases Health officials worldwide are closely monitoring the spread of avian…
Huntsville, Alabama: A Magnet for Growth and Opportunity
Source – al.com Rising Migration and Economic Vitality James Morgan, a seasoned real estate broker in Huntsville, Alabama, is witnessing…
Global Services Disrupted by Widespread Microsoft Outage
Source – houstonpublicmedia.org Major Industries Affected A significant Microsoft outage on Friday caused widespread disruptions across various industries, including aviation,…
China's Export Surge and Domestic Struggles: A Mixed Economic Picture
Source – asiafinancial.com Strong Export Growth Amidst Trade Tensions China’s exports surged at their fastest pace in fifteen months this…
Samsung Unveils Galaxy Ring: A New Era in Wearable Tech
Source – abcnews.go.com Introduction and Design After months of anticipation, Samsung has officially launched its latest wearable, the Samsung Galaxy…
NASA Astronauts Enjoy Extended Stay Aboard ISS
Source – khaleejtimes.com Unexpected Prolonged Mission NASA astronauts Suni Williams and Butch Wilmore are relishing their extended stay aboard the…
Discovery of Fossil Chromosomes in Woolly Mammoth Skin
Source – houstonchronicle.com First-of-its-Kind Find in Siberia Researchers have made a groundbreaking discovery by unearthing woolly mammoth skin from the…
Sci-Fi Spacesuit to Recycle Urine for NASA's Artemis Missions
A groundbreaking Sci-Fi Spacesuit inspired by science fiction is set to revolutionize lunar expeditions by recycling urine into drinking water,…
Denisovans' Last Stand: New Discoveries at Baishiya Cave
Source-explorersweb.com Recent findings from Baishiya Karst cave in Tibet shed light on the enduring presence of Denisovans, an extinct human…
Firefly Aerospace Successfully Launches Alpha Rocket for Fifth Time
Source-spaceflightnow.com Early Thursday morning (July 4), Firefly Aerospace achieved its fifth launch of the Alpha rocket, carrying a payload of…
Apple Unveils "Apple Intelligence" at Worldwide Developers Conference
Source-telecom.economictimes.indiatimes.com Apple (NASDAQ: AAPL) recently introduced its latest artificial intelligence features, branded as “Apple Intelligence,” during the Worldwide Developers Conference.…
Oil Prices Surge Amidst Strong Market Fundamentals
Source – livemint.com Crude oil prices are poised to continue their upward trajectory this week and possibly beyond, as analysts…
BYD Expands Presence with New EV Plant in Thailand
Source – thediplomat.com China’s leading electric vehicle (EV) manufacturer, BYD, has inaugurated its first Southeast Asian factory in Thailand, marking…
Saks Fifth Avenue to Acquire Neiman Marcus in Landmark $2.65 Billion Deal
Source- VOA News In a significant move within the luxury retail sector, the owner of Saks Fifth Avenue, Hudson’s Bay…
Samsung Electronics Surges on AI-driven Profit Expectations
Source – ET Telecom Shares of Samsung Electronics soared to their highest levels since January 2021 following the announcement of…
Astronauts Briefly Move to Return Spacecraft After Space Debris Incident
Source – Sky News Nine astronauts aboard the International Space Station (ISS) took a precautionary measure late Wednesday, briefly relocating…
Amazon to Launch New Low-Priced Fashion and Lifestyle Section
Source – Medial Amazon is set to unveil a new section on its website dedicated to affordable fashion and lifestyle…
News Industry Takes Legal Action Against OpenAI
Source – Business Today The Center for Investigative Reporting (CIR), a leading nonprofit newsroom, has joined forces with other major…
Bill Gates Defends AI-Driven Energy Consumption
Source- Observer Bill Gates has come forward to defend the significant rise in energy consumption caused by artificial intelligence systems,…
India Sees Significant Inflows as State Bonds Enter JPMorgan Index
Source – The Economic Times India is poised for substantial foreign investment in its rupee-denominated government debt market, as state…
Nokia's $2.3 Billion Acquisition of Infinera
Source – Gadgets 360 Nokia (NOK) is set to acquire US optical networking gear maker Infinera in a $2.3 billion…
Nike Shares Plunge After Cutting Full-Year Guidance
Source – CNBC Nike’s stock took a significant hit on Thursday, dropping 11% in extended trading after the company slashed…
Mortgage Rates Hit Lowest Level Since April, Easing Housing Market Pressures
Source – MarketWatch Declining Mortgage Rates Mortgage rates in the United States have dropped to their lowest level since early…
Huawei Surpasses 900 Million Devices with HarmonyOS
Source – China Daily Rapid Growth in User Base Huawei Technologies Co. has achieved a significant milestone with its HarmonyOS…
Gilead’s Breakthrough HIV Prevention Shot Shows Promise
Source – PinkNews Successful Trial Results Gilead Sciences announced a groundbreaking achievement on Thursday: its experimental lenacapavir shot, administered twice-yearly,…
Biden Administration Bans Kaspersky: National Security Concerns Raised
Source – The Economic Times Security Ban Imposed The Biden administration made a significant announcement on Thursday, declaring a ban…
Nvidia's Soaring Stock: Evaluating the Investment Landscape
Source – The Motley Fool A Meteoric Rise in Stock Value Nvidia’s Corp (NVDA.O) has captivated investors with its extraordinary…
Casual-Dining Chains Adapt as Consumer Preferences Shift
Source-Brisky Net Lease Shift in Consumer Preferences Rick Cardenas, CEO of Darden Restaurants, highlighted a notable trend in the restaurant…
Bugatti Unveils the Tourbillon: A New Hybrid Marvel
Source-Driven Car Guide A Hybrid Successor to the Chiron Bugatti has introduced its latest marvel, the Bugatti Tourbillon, a formidable…
GameStop Raises $2 Billion in Equity Sale Amidst Meme Stock Surge
Source – Yahoo News Singapore GameStop Corporation made a significant financial move on Tuesday by successfully raising over $2 billion…
OpenAI Welcomes General Paul M. Nakasone to Board, Expands Leadership Amid AI Growth
Source – CNBC Introduction of General Nakasone OpenAI, a leading research organization in artificial intelligence (AI), announced on Thursday the…
Microsoft Delays Recall Feature Launch Amid Security Concerns
Source – The Hindu Adjustment to Release Plans Microsoft has decided to delay the rollout of its Recall feature on…
Ford Motor Shifts Strategy, Ends Controversial EV Dealership Program
Source – MSN Program Closure Amid Shifting Market Dynamics Ford Motor Company has decided to terminate its “EV-certified” dealership program,…
Adobe Surges After Beating Expectations, Boosting Guidance
Source – Tokenist Earnings Beat Expectations Adobe Inc. witnessed a remarkable surge of 17% in its shares during after-hours trading…
Stellantis CEO Acknowledges Mistakes, Vows Correction Amid Investor Concerns
Source – The Independent Tavares Takes Responsibility for U.S. Operations Challenges Stellantis CEO Carlos Tavares admitted to critical errors in…
Elon Musk Triumphs in Critical Tesla Pay Package Vote
Source – Arab News Small Investors Rally Behind CEO Despite Institutional Opposition Elon Musk celebrated a significant victory on Thursday…
Life360 Makes Public Debut on Nasdaq
Source – AFR Tech Firm Enters Public Market Life360, Inc., a technology company specializing in location tracking services for families,…
Five Below CEO Warns of Lingering Effects of Inflation
Source – NBC New York Challenges for Consumers Joel Anderson, CEO of discount retailer Five Below, expressed concerns about the…
FDA Rescinds Marketing Denial Orders for Juul Products
Source – Reuters Reversal of Marketing Denial Orders The US Food and Drug Administration (FDA) announced on Thursday that it…
Antitrust Investigations Target Tech Giants' AI Dominance
Source – Bloomberg Federal Scrutiny on Microsoft, OpenAI, and Nvidia The Federal Trade Commission (FTC) and the Justice Department are…
Rivian Unveils Upgraded R1 Pickup and SUV Models
Source – CNBC Revamped Design and Enhanced Performance Rivian Automotive announced significant updates to its all-electric Rivian R1 pickup truck…
China’s Export Growth Offers Economic Relief
Source – Reuters Sustained Growth Amid Global Challenges China’s export sector demonstrated impressive growth for the second consecutive month in…
Tesla Urges Shareholders to Back Elon Musk's Record-Breaking Pay Package
Source – The Guardian Critical Vote Looms Robyn Denholm, chair of Tesla’s board, is rallying shareholders to approve Elon Musk’s…
FAA Indicates Prolonged Wait for Boeing's Production Increase Approval
Source – Simple Flying The Federal Aviation Administration (FAA) has signaled that Boeing’s plans to ramp up production of its…
Lawsuit Alleges Elon Musk's Non-Disclosure of Twitter Stake
Source – NDTV Ignored Warnings Elon Musk allegedly disregarded repeated warnings concerning U.S. securities disclosure obligations related to his increasing…
Foot Locker's Revival: Solid First Quarter Results Spark Investor Confidence
Source – MarketBeat Surpassing Expectations Foot Locker, the renowned sneaker giant, has pleasantly surprised investors with its fiscal first-quarter performance.…
Inflation Inches Closer to Fed's Target Amidst Economic Stability
Source – AlphaSense As economists eagerly await Friday’s report from the Commerce Department, there’s a sense that inflation is gradually…
Dell Forecasts Lower Profit Amid Rising Costs for AI Servers
Source – Data Center Knowledge Dell, the multinational technology company based in Round Rock, Texas, projected a lower-than-expected profit for…
Saudi Arabia Plans $12 Billion Sale of Saudi Aramco Shares
Source – Morningstar Saudi Arabia is set to sell approximately $12 billion worth of shares in its national oil company,…
Jeep Unveils 2024 Wagoneer S: U.S.'s First All-Electric SUV
Source – carandbike Jeep, under Stellantis ownership, has introduced the highly anticipated 2024 Wagoneer S, marking the brand’s first foray…
Tech Giants Pursue Hollywood Content Licensing for AI Video Generation
Source – Bloomberg Alphabet Inc. and Meta Platforms Inc. have reportedly engaged in discussions with major Hollywood studios regarding the…
Europe's AI Ambitions: Macron Calls for Diversity in Global Tech Landscape
Source – Business Today French President Emmanuel Macron emphasized Europe’s distinct approach to artificial intelligence (AI) innovation, tech regulation, and…