On May 6th, King Charles III was crowned in the largest ceremonial event to take place in Britain in over 70 years. The coronation, which dates back over 1,000 years to the time of King William the Conqueror, was held in Westminster Abbey in front of a congregation of world leaders and a global television … Read more
Oil prices experienced their biggest one-day percentage decline since early January, with Brent futures and West Texas Intermediate crude falling around 5% to a five-week low. The fall was fueled by increased concerns about the economy as US politicians discuss ways to avoid a debt default and investors prepare for more rate hikes this week. … Read more
Indonesia’s food regulator has confirmed the safety of a popular product from one of the world’s biggest instant noodle brands, despite its recall in Malaysia and Taiwan’s capital. The recalled product, “special chicken” flavour Indomie, is a popular Indonesian instant noodle variety produced by Indofood CBP. The Taipei city health department found traces of ethylene … Read more
Japanese startup ispace inc announced that their attempt to make the first private moon landing failed, as they lost contact with their Hakuto-R Mission 1 (M1) lander, leading them to assume that it most likely crashed on the lunar surface. This marks the second major setback for private space development in a week, following SpaceX’s … Read more
According to data released by the United Nations, India is set to surpass China as the world’s most populous country, with an estimated population of 1.4286 billion by mid-year, compared to China’s estimated population of 1.4257 billion, or 2.9 million fewer. Although both countries will account for more than a third of the global population, growth rates … Read more
Canada’s largest diversified mining company, Teck Resources, recently helped the Toronto stock market extend its winning streak with impressive second-quarter earnings. The company’s strong financial performance provided a welcome boost to the Canadian economy amid the ongoing global uncertainty caused by the pandemic. With increased demand for commodities and a solid track record of responsible … Read more
Sega, the Japanese video game company, is reportedly nearing a deal to acquire Rovio, the maker of Angry Birds, for a staggering $1 billion. According to the Wall Street Journal, the acquisition is part of Sega’s push to expand its mobile gaming business and strengthen its position in the highly competitive gaming industry. The potential … Read more
Apple has announced plans to invest another $200 million in its carbon removal initiative, a fund aimed at removing carbon dioxide from the atmosphere. This move comes as part of the company’s long-term efforts to reduce its carbon footprint and become carbon-neutral by 2030. With this investment, Apple hopes to accelerate the development of innovative … Read more
The United States dollar weakened on Monday, amid anticipation of inflation data that is set to be released later this week. Investors are keeping a close eye on the figures, as rising inflation could lead to the Federal Reserve tightening its monetary policy sooner than planned. The greenback’s dip comes after a strong stretch in … Read more
UAE telco company, Etisalat, is taking a page out of India’s playbook by launching its own super app, Breakingviews. Hoping to emulate the success of India’s Jio Platforms and its all-in-one app JioMart, Etisalat’s Breakingviews aims to offer customers a seamless experience that combines e-commerce, digital payments, and a variety of other services. As the … Read more