Volocopter, a German air taxi startup, files for insolvency, highlighting challenges in securing funding and regulatory approval in urban air mobility.
Global markets are poised for steady growth in 2025, driven by technological innovation and emerging market investment. Despite trade war fears under the Trump administration, analysts highlight opportunities in renewable energy and infrastructure. Potential risks, including inflation and geopolitical tensions, remain, but resilient consumer spending and corporate earnings are expected to support economic expansion.
Gold prices edged lower on December 30, 2024, amid thin holiday trading. Investors are closely watching upcoming U.S. economic data and potential policy shifts under the incoming Trump administration for market direction.
Pending home sales in the U.S. surged to a 21-month high in November, marking the fourth consecutive month of increases. The rise is driven by higher inventory and buyers adapting to elevated mortgage rates.
Nvidia has finalized its $700 million acquisition of AI company Run:ai, after overcoming regulatory hurdles in both the U.S. and Europe. The deal strengthens Nvidia's AI infrastructure and software capabilities, positioning it for continued leadership in the industry.
David Beckham's personal brand continues to thrive, with the football icon earning £28 million in dividends in the past three years. His strategic partnerships with luxury brands and his sale of a 55% stake to Authentic Brands have bolstered his financial success.
Elon Musk's public support for Germany's far-right AfD party has sparked controversy, with the German government accusing the billionaire of trying to influence the upcoming federal election.
Finnish authorities uncover a 100-kilometer drag mark believed to be caused by a Russian-linked vessel, amid concerns over sabotage targeting the Estlink 2 electricity cable, disrupting regional energy security.
South Korea orders emergency inspections of all domestic airlines and Boeing 737-800 aircraft following the Jeju Air crash that claimed 179 lives, marking the nation's deadliest aviation disaster.
A federal appeals court upheld a $5 million verdict against President-elect Donald Trump for sexually abusing and defaming E. Jean Carroll, marking a significant legal setback as he prepares to take office.
Former US President Jimmy Carter, aged 99, has passed away at his home in Plains, Georgia, surrounded by family. Carter, who served as the 39th President from 1977 to 1981, was widely celebrated for his post-presidency humanitarian efforts,
A Jeju Air flight carrying 181 people crashed near Mokpo, South Korea, en route to Jeju Island. Rescue efforts are ongoing, with casualties confirmed and an investigation underway into the tragedy.
Global equity funds saw $34.38 billion in inflows, led by U.S. markets, driven by easing inflation. However, bond outflows and selective sectoral investments highlight cautious optimism amid economic uncertainties.
U.S. homelessness surged 18% in 2024, the largest annual increase on record, driven by housing affordability crises, economic pressures, and systemic disparities. Experts call for urgent policy reforms to address the escalating crisis.
Russian President Vladimir Putin apologized after an Azerbaijan Airlines crash killed 38, likely due to Russian air defenses. The incident strained regional ties, prompting international calls for accountability and aviation safety improvements.
Eva Marie Kogel, editor at Welt am Sonntag, resigned after publishing Elon Musk's controversial op-ed defending Germany's far-right AfD. Musk's comments sparked political backlash, raising concerns about external influence on Germany's elections.
Treasury Secretary Janet Yellen warns the U.S. may hit its debt ceiling by mid-January, urging Congress to act swiftly to prevent default and ensure the nation's financial stability.
U.S. holiday spending grew by 3.8% in 2024, fueled by a 6.7% rise in online sales. Consumers prioritized value-driven purchases, showcasing resilience amid economic challenges and shorter shopping periods.
President-elect Trump has asked the Supreme Court to delay TikTok's ban, citing plans for diplomatic solutions. The move underscores tensions between national security concerns, digital rights, and U.S.-China relations.
The CFPB's new rule limits overdraft fees for large banks, aiming to protect consumers and promote fairness. Expected to save $5 billion annually, it faces opposition from the banking industry.
A Chinese cyber espionage campaign targeted a ninth U.S. telecom firm, compromising sensitive communications. The U.S. urges stronger cybersecurity measures as tensions rise over China's persistent state-sponsored hacking activities.
