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While much of the attention at Apple Inc.’s upcoming product launch event will focus on the iPhone 16 lineup, a significant opportunity for growth lies in the company’s wearables division. The long-neglected segment, including the Apple Watch and AirPods, is set for a revival with the introduction of new and upgraded devices. For the first
Japanese semiconductor startup Rapidus Corp. is seeking to raise ¥100 billion ($696 million) through new equity financing, targeting both existing and new investors. The funds are aimed at bolstering its efforts in chip development and production. Rapidus has already approached its current shareholders—including industry giants like Toyota Motor Corp., Sony Group Corp., SoftBank Corp., and
Under President Joe Biden, the U.S. government’s green bank, the Energy Department’s Loan Programs Office (LPO), flourished, with its lending capacity expanded to $400 billion, focusing on financing clean energy technologies. However, if Donald Trump returns to the White House, insiders suggest that this massive funding pool could shift dramatically toward fossil fuel projects and
Chicago Bears President Kevin Warren issued a stark warning about the city’s future competitiveness, emphasizing that Chicago risks falling behind other major U.S. regions if it doesn’t embrace large-scale development projects—particularly a new stadium for the NFL team. Speaking at an event hosted by the Economic Club of Chicago, Warren highlighted the importance of a
Nestled between Finland and Russia, 250 miles north of the Arctic Circle, lies the small town of Kirkenes, Norway. Despite its modest size, Kirkenes holds a position of immense strategic value as melting sea ice transforms the Arctic into a potential global shipping route. With its proximity to the most feasible polar shipping path that
The S&P 500 is heading toward its steepest weekly decline since March 2023, with bonds fluctuating as a disappointing U.S. labor report reignited concerns over a cooling economy and questions about whether the Federal Reserve is responding quickly enough to avert further damage. The S&P 500 fell 1.5%, while the Nasdaq 100 plunged 2.4%, both
The International Monetary Fund (IMF) is carefully assessing the economic implications of a recent court ruling in Kenya that nullified a series of taxes introduced in 2023. This evaluation is key to determining whether the IMF will approve the next round of loan disbursement to the East African nation. The IMF is examining both the
At last year’s United Nations Climate Change Conference (COP28), nearly 200 countries committed to achieving “net zero” by 2050—a state where human activities emit no more greenhouse gases than we can remove from the atmosphere. Likewise, over half of the world’s largest corporations have made similar promises. Achieving this goal could potentially limit global temperature
U.S. Treasury yields took a notable dive following fresh data that signaled a slowdown in the labor market, fueling growing expectations among Wall Street investors that the Federal Reserve may implement significant rate cuts before the year ends. A report showing a decline in job openings to their lowest level since 2021 triggered a swift
In an industry where reducing aircraft weight has long been the mantra to save on fuel costs, Deutsche Lufthansa AG is taking a counterintuitive approach to ensure the comfort of its first-class passengers. The German airline’s Swiss subsidiary has decided to add lead weights to the tails of some aircraft, a move designed to counterbalance
