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Lifestyle
Bill To Outlaw Trade In Dog Meat Passed By The Parliament Of South Korea
South Korea's parliament passed a bill on Tuesday to ban the consumption and sale of dog meat, outlawing the contentious centuries-old practice amid increased support for animal welfare. ...
The Two Priciest Cities In The World Are Singapore And Zurich
The Economist Intelligence Unit (EIU) has announced that Singapore and Zurich were tied for the most expensive cities in the world this year, followed by Geneva, New York, and Hong Kong....
Pocket wallets vs. smartphones: Can we replace cash with digital currencies?
The more than a decade-long history of cryptocurrency has clearly demonstrated that the world is keen on the new form of money. The crypto frenzy has even prompted leading central banks to work on...
Most Popular
Kyodo Reports Nippon Steel Has Hired Mike Pompeo As An Advisor On A US Steel Transaction
Experts Say CrowdStrike Upgrade That Triggered The Worldwide Outage Most Likely Missed Tests
A New Flagship AI Processor From Nvidia Is Being Prepared For The Chinese Market
Meta Will Pay Its First EU Antitrust Charge For Connecting Marketplace With Facebook - Reuters
Focus Is On European Banks' Profits Following Significant Increases In Share Prices
Alphabet, The Parent Company Of Google, Surpasses Q2 Revenue And Profit Projections Thanks To Strong Advertising And Cloud Business
LG Energy Solution In In Negotiations With Chinese Companies To Provide Affordable EV Batteries For Europe
India Won't Join A Global Tax Agreement Unless Its Reservations Are Resolved - Indian Official
Strong Demand For More Expensive Touring Bikes Drives Harley-Davidson's Earnings Higher
EU Supports Novo Nordisk's Wegovy To Lower Cardiac Risks
As Local Firms Take The Lead In The Chinese Smartphone Industry, Apple Is No Longer One Of The Top 5 Sellers
Alphabet Shares Decline As OpenAI Launches SearchGPT, A Search Engine
Latest News
EU Supports Novo Nordisk's Wegovy To Lower Cardiac Risks
Alphabet Shares Decline As OpenAI Launches SearchGPT, A Search Engine
Reader's Pick
Uber Compensates US Drivers To Use Alternate Forms Of Transportation For A Period Of Five Weeks
27/06/2024
EU Claims Elon Musk's X Tricks Users And Violates Online Content Regulations
12/07/2024
Regulations On Rare Earths Are Issued By China To Better Safeguard Indigenous Supplies
30/06/2024
BP Stops Recruiting And Slows The Roll-Out Of Renewable Energy To Woo Investors
27/06/2024
Turkey Gets Taken Off The "Grey List" For Money Laundering By A Financial Crime Monitor
30/06/2024
Latest Business News
EU Supports Novo Nordisk's Wegovy To Lower Cardiac Risks
Companies
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26/07/2024
The European Union's medical regulator has approved the use of Novo Nordisk's popular weight reduction medication Wegovy to prevent the escalation of major cardiac events in persons who are overweight or obese. After analysing the results of the highly monitored SELECT study, the Danish pharmaceutical behemoth announced on Thursday that the European Medical Agency has issued a “positive...
Alphabet Shares Decline As OpenAI Launches SearchGPT, A Search Engine
Companies
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26/07/2024
A search engine prototype named SearchGPT was unveiled by OpenAI on Thursday. Its goal is to provide users with "quick and timely answers with clear and relevant sources." The technology is now being evaluated with a small group of users, and the business stated that it eventually intends to integrate it into its ChatGPT chatbot. There may be ramifications for Google and its...
As Local Firms Take The Lead In The Chinese Smartphone Industry, Apple Is No Longer One Of The Top 5 Sellers
Companies
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26/07/2024
According to a Canalys research, Apple was pushed out of the top five smartphone suppliers' list in China in the second quarter as competition from local manufacturers like Huawei grew. According to a survey issued on Thursday, Apple's market share in China decreased to 14% in the second quarter from 15% in the first and 16% in the same time the previous year. According to CNBC...
Strong Demand For More Expensive Touring Bikes Drives Harley-Davidson's Earnings Higher
Companies
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25/07/2024
Harley-Davidson's shares rose almost 5% before the bell on Thursday as the firm announced a better-than-expected quarterly profit. This was aided by high demand for its more expensive Touring motorcycles during the summer riding season. To increase its profits, the business has concentrated on its more profitable bike models, capitalising on the anticipation of riders waiting to trade in...
India Won't Join A Global Tax Agreement Unless Its Reservations Are Resolved - Indian Official
Markets
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25/07/2024
According to a finance ministry official on Thursday, India would not join a worldwide corporate tax agreement targeted at extremely profitable multinational corporations unless its reservations about dispute resolution and the handling of withholding tax are resolved. The "Pillar 1" agreement, which is a component of a two-part global tax agreement for 2021, seeks to replace unilateral...
Meta Will Pay Its First EU Antitrust Charge For Connecting Marketplace With Facebook - Reuters
Companies
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25/07/2024
Meta Platforms might face its first EU antitrust sanction in a few weeks for connecting Marketplace, a classified ads site, with Facebook, said a report by Reuters based on persons with firsthand knowledge of the situation. The European Commission's action will come more than a year and a half after it accused the American internet giant of unfairly benefiting from the bundling of...
Alphabet, The Parent Company Of Google, Surpasses Q2 Revenue And Profit Projections Thanks To Strong Advertising And Cloud Business
Companies
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24/07/2024
Driven by an increase in sales of digital advertising and strong demand for its cloud computing services, Alphabet exceeded second-quarter revenue and profit projections on Tuesday. However, the company warned that capital costs would stay high for the entire year. Alphabet's findings show a strong demand for digital advertisements, fuelled by major events like the Olympics in Paris and...
LG Energy Solution In In Negotiations With Chinese Companies To Provide Affordable EV Batteries For Europe
Companies
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24/07/2024
As a result of the EU imposing further tariffs on China-built electric vehicles, competition is expected to heat up. According to a senior executive, South Korea's LG Energy Solution is in negotiations with around three Chinese suppliers to develop affordable electric car batteries for Europe. The possible collaborations between LGES and automakers highlight the increasing pressure on...
Focus Is On European Banks' Profits Following Significant Increases In Share Prices
Markets
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22/07/2024
This week, the largest banks in Europe will release their second-quarter profits. All eyes will be on them to see if the current political turmoil has affected confidence or if the advantages from higher interest rates have peaked. Although a second rate cut by the European Central Bank is anticipated in September, bank profits have been remarkably strong thus far, and their stock has...
A New Flagship AI Processor From Nvidia Is Being Prepared For The Chinese Market
Companies
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22/07/2024
Nvidia is developing a version of its new flagship AI processors for the Chinese market that would comply with existing export laws from the United States, according to a report published by Reuters quoting information from sources. The "Blackwell" chip family, which will go into commercial production later this year, was announced by the AI chip behemoth in March. Two squares of...
Experts Say CrowdStrike Upgrade That Triggered The Worldwide Outage Most Likely Missed Tests
Companies
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20/07/2024
Security experts claim that CrowdStrike's usual upgrade of its popular cybersecurity software appears not to have undergone sufficient quality checks before to deployment, as seen by the global computer system crashes caused by the malware on Friday. By upgrading the threats it fights against, the most recent version of Falcon Sensor software was designed to increase the security of...
Kyodo Reports Nippon Steel Has Hired Mike Pompeo As An Advisor On A US Steel Transaction
Companies
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20/07/2024
According to a report published on Saturday by the Kyodo news agency, Nippon Steel Corp. has appointed former US Secretary of State Mike Pompeo as an advisor about its acquisition of US Steel. According to a statement released by Nippon Steel, "We look forward to working closely with him to make the United States' economy and security stronger," as reported by Kyodo. According...
World
Turkey Gets Taken Off The "Grey List" For Money Laundering By A Financial Crime Monitor
In a significant vote of confidence for Turkey amid its attempts to revive its economy, the Financial Action Task Force, an international watchdog group devoted to preventing money laundering and...
Global Warming Causes The First 12-Month Period Above 1.5C
According to the European Union's climate change monitoring service, the world just had its warmest January on record, making it the first 12-month period in which average temperatures were more than...
2023 Was The Second-Warmest Year Ever For The UK
The national weather service of the United Kingdom, Met Office, announced that 2023 was the second-warmest year on record for Britain. This finding highlights the increasing influence of human-caused...
Fury And Dissatisfaction As The COP28 Draft Language Leaves Out The Phase-Out Of Fossil Fuels
On the last day of the global conference, the proposed language for a COP28 climate agreement that does not call for the phase-out of fossil fuels has come under heavy fire from influential figures,...
Brazil Joins The Global Climate Accord To Increase Renewable Energy Usage By Three Folds
Brazil has joined a potential agreement supported by the United Arab Emirates, the United States, and the European Union to treble the amount of renewable energy produced globally by 2030 and move...
People
Musk Gives To An Organisation That Supports Trump's Election: Bloomberg
According to a Bloomberg story quoting sources, billionaire Elon Musk, who has been criticising US President Joe Biden more and more, has contributed to a political organisation that aims to elect...
New Study Finds People Who Were Class Bullies Could Make Higher Incomes In Their Middle Age
A recent study challenges the widely held belief that school bullies would eventually get their comeuppance by indicating that they are likely to end up with greater earnings. The Institute for...
In A New York Corporate Fraud Lawsuit, Trump Slapped Fines And Interest Of $454 Million
A New York judge ruled in the former president's civil business fraud trial on Friday, ordering him to pay a total of approximately $454 million in penalties. According to an attorney...
Survey Finds 80% Employees In Asia Face Moderate To High Risk For Mental Health Issues
Employees in Asia are under "significant mental health strain," with 82% at moderate to high risk of being depressed. According to a recent study by insurance broker Aon and TELUS Health,...
The Way Bankman-Fried Of FTX Obtained A $250 Mln Bail
On Thursday, FTX founder Sam Bankman-Fried agreed to a bail deal that would see him released on a $250 million bond secured against his parents' property, with movement restrictions. ...