Oils

Oil Prices Steady as Markets Weigh Chinese Demand Concerns, Middle East Risk Premium Fades

Oil prices steadied on Monday after a sharp decline last week, which saw Brent and West Texas Intermediate (WTI) crude futures plummet by over 7% and 8% respectively. Concerns about slowing demand from China, the world's largest oil importer, and...
Asian Financial Markets

Asian Stocks Edge Higher Amid Market Uncertainty, Gold Reaches Record High on Middle East Tensions

Asian markets experienced mixed performances at the start of the week, reflecting a delicate balance between cautious optimism and geopolitical concerns. While modest gains were seen across some of Asia's leading stock indexes, gold surged to an all-time high, fueled...
Australia Qantas Airlines

Qantas Airways Ordered to Pay $114,000 to Unlawfully Sacked Baggage Handlers, Potentially Paving the Way for a Bigger Damages Bill

A Federal Court ruling on Monday has added a new chapter to the ongoing saga between Qantas Airways and its former employees, as the court ordered the airline to pay a combined A$170,000 ($114,000) to three baggage handlers it unlawfully...
Frozen Waffle

Frozen Waffle Recall: Hundreds of Products Pulled from Shelves Due to Listeria Contamination Concerns

Hundreds of frozen waffle products in North America are being pulled from shelves due to potential contamination with the dangerous listeria bacteria. TreeHouse Foods, the company responsible for producing the frozen waffles, announced the voluntary recall late Friday after routine...
Boeing

Delta Airlines Boeing 767 Makes Emergency Stop in Senegal Due to Technical Incident

A Delta Airlines Boeing 767 aircraft en route to New York made an emergency stop at Blaise Diagne International Airport (AIBD) in Senegal on Saturday following a technical issue, according to a statement from Senegal's Ministry of Transport. The plane,...
Asian Financial Markets

Asia’s Stock Markets Brace for Busiest IPO Week in Over Two Years Ahead of US Election

Asia’s stock markets are gearing up for their busiest week of initial public offerings (IPOs) in more than two years, with nearly 20 companies across the region set to list shares. The week is expected to raise up to $8.3...
TSMC

US Commerce Department Investigates TSMC Over Possible Violation of Huawei Export Rules

The United States Commerce Department has reportedly initiated an investigation into Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest chip manufacturer, to determine if it has violated U.S. export controls by supplying smartphone and artificial intelligence (AI) chips to the...
Semiconductor Industry

US Lawmakers Pressure Japan to Strengthen Chipmaking Restrictions on China, Warn of Potential Sanctions

In the global semiconductor conflict, key U.S. lawmakers have urged Japan to implement tighter restrictions on the sale of chipmaking equipment to China. The lawmakers warned that if Tokyo does not take action, Washington could impose its own sanctions on...
Apple, China

Apple Opens New R&D Center in Shenzhen Amid Increasing Competition from Huawei

Apple Inc. has taken a significant step to solidify its presence in China by opening a new research and development (R&D) center in Shenzhen, a strategic move to counter the growing influence of Huawei and safeguard its market share in...
China BeiDou navigation satellite system

Chinese Scientists Claim Breakthrough Radar Technology Capable of Tracking U.S. Stealth Fighters

Chinese scientists have reportedly developed a new radar technology that can detect and track the U.S. Air Force’s F-22 Raptor, one of the world's most advanced stealth fighter jets. This technological leap leverages signals from China’s BeiDou navigation satellite system,...
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