Business

China Injects $54 Billion Into State Banks and Insurers to Steady Growth

China will inject $54 billion into state banks and insurers, announced September 6, to steady growth and lift equity investment as the economy cools.

US Envoys Reach Kyiv After Moscow Talks, No Breakthrough Reported

US envoys Witkoff and Kushner arrived in Kyiv on Sunday after meeting Putin in Moscow, with the Kremlin calling talks useful but reporting no breakthrough.

Iran Says It Struck US Boat in Strait of Hormuz

Iran said Sunday it struck an unmanned US military boat in the Strait of Hormuz, the latest exchange after US strikes on Iranian tankers.

Isar Aerospace Sends First Commercial Rocket to Orbit From Europe

German startup Isar Aerospace launched the first commercial rocket to orbit from continental Europe on Sunday, planning rapid satellite-deployment expansio

Delhi Hostel Collapse Kills One, Traps Up to 40 Students

A five-storey boys' hostel collapsed in New Delhi's Satya Niketan on September 6, killing one and trapping up to 40 people as rescue crews searched the rub

Instagram Tests Pause Feature for Reels Amid Growing Competition

Meta is testing a new pause feature for Instagram Reels, allowing users to start and stop videos with just one tap. The update brings...

Apple Reports Declining China Sales Amid Regulatory and Competitive Challenges

Apple reported an 11.1% year-over-year decline in China sales for the December quarter, marking its worst growth rate since the same period last year...

Samsung Reports Mixed Q4 Results Amid Chip Slowdown and AI Investments

Samsung Electronics reported a decline in operating profit from the previous quarter, citing increased R&D spending and a slowdown in its semiconductor business. Despite...

Atlassian Shares Surge Nearly 15% After Strong Earnings and AI Growth

Atlassian shares surged 14.9% following impressive fiscal second-quarter results that exceeded Wall Street expectations. The stock reached a new 52-week high, marking its strongest...

Google Offers Buyouts to Platforms and Devices Employees Amid Cost-Cutting Moves

Google is offering voluntary buyouts to employees in its Platforms and Devices unit, signaling potential workforce reductions as the company continues to focus on...

Tesla to Launch Updated Model Y in U.S. This March

Tesla has announced that it will begin deliveries of the newly refreshed Model Y SUV in the U.S. starting in March, according to updated...

Meta Announces $60-$65 Billion AI Investment for 2025

Meta CEO Mark Zuckerberg announced on Friday that the company plans to invest between $60 billion and $65 billion in capital expenditures in 2025...

Twilio Stock Jumps 20% After Strong Profit Forecast and Growth Plans

Twilio shares soared 20% on Friday, marking their biggest gain since the early days of the pandemic. The cloud communications company unveiled an optimistic...

Meta Introduces Ads on Threads as Monetization Begins

Meta has announced that it will begin testing advertisements on its Threads platform with a select group of companies in the U.S. and Japan....

Moderna’s Norovirus Vaccine in Late-Stage Trials Amid Rising Infections

Norovirus cases are surging across the U.S. this winter, but Moderna may soon offer a solution. The biotechnology company is conducting a large Phase...

AI Controversy Surrounds Oscar-Nominated Films The Brutalist and Emilia Pérez

Two of this year’s most-nominated films at the Academy Awards, The Brutalist and Emilia Pérez, have sparked debate over their use of artificial intelligence...

Nikola Stock Drops 27.8% Amid Reports of Potential Sale

Nikola Corporation saw its shares plunge 27.8% on Thursday following reports that the struggling electric truck manufacturer is considering selling parts or all of...

Boeing Faces $4 Billion Loss Amid Safety Crisis and Strike

Boeing is bracing for a significant financial setback, expecting a $4 billion loss for the fourth quarter of 2024. The aircraft manufacturer continues to...

Universal Prepares for “Wicked: For Good” with a Fresh Marketing Strategy

Universal is riding the wave of success from Wicked and preparing for the release of its sequel, Wicked: For Good, set to hit theaters...

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