The first-ever commercial rocket launched at Brazil's Alcantara Space Center crashed soon after liftoff late earlier this week, dealing a blow to Brazilian aerospace ambitions and shares of South Korean satellite launch company Innospace. From a report: The rocket began its vertical trajectory as planned after liftoff [Monday] at 10:13 p.m. local time (0113 GMT) but fell to the ground after something went wrong 30 seconds into its flight, Innospace CEO Kim Soo-jong said in a letter to shareholders. The craft crashed within a pre-designated safety zone and did not harm anyone, he said. Brazil's air force said firefighters were sent to analyze the wreckage and impact zone. "We are deeply sorry that we failed to meet the expectations of our shareholders who supported our first commercial launch," the CEO wrote in the letter, which was posted on the company's website on December 23. Innospace shares plunged nearly 29% in Seoul in its biggest daily drop and heaviest daily trading volume since its July 2024 listing.

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The 72-hour cease-fire could pave the way for an end to the fighting, which has killed dozens and displaced thousands over nearly three weeks.

Flights were canceled and streets grew slippery as the metropolitan region braced for heavy snow.

Records show how government departments played down residents’ warnings about corrupt practices and substandard materials that fueled the deadly blaze.

President Volodymyr Zelensky of Ukraine has sought the meeting since the latest U.S.-led push for peace got underway.

A former roadie, Mr. Bamonte joined the band in 1990. He played on five albums and in hundreds of shows and was “a vital part of the Cure story,” the band said.

She was the first to crawl, the first to cut a tooth, the first to recognize her name, and the last to die. And, like her sisters, she resented being exploited as part of a global sensation.

President Trump said the targets of airstrikes in Nigeria were Islamic State terrorists responsible for killing Christians, but experts question his framing.

The Sacramento Mountains checkerspot butterfly is critically endangered, with the last known larva living in a lab in New Mexico.

The president is planning to meet with the leader of Ukraine in Florida just as the lawmakers are applying some pressure.

The development carries potential benefits for both sides but still faces stiff international opposition, 34 years after the region broke away from Somalia.

It’s uncertain whether the proposal will reach the statewide ballot in November, but some billionaires like Peter Thiel and Larry Page may be unwilling to take the risk.

GitHub has disabled Rockchip's Media Process Platform repository after an FFmpeg developer filed a DMCA takedown notice, nearly two years after the open-source project first publicly accused the Chinese chipmaker of license violations. The notice, filed December 18, claims Rockchip copied thousands of lines of code from FFmpeg's libavcodec library -- including decoders for H.265, AV1, and VP9 formats -- stripped the original copyright notices, falsely claimed authorship and redistributed the code under Apache's permissive license rather than the original LGPL. FFmpeg first called out Rockchip in February 2024 for "blatantly copy and pasting FFmpeg code" into its driver, but the chipmaker's last response suggested no intention to resolve the matter. The DMCA notice requests either removal of the infringing files or restoration of proper attribution and an LGPL-compatible license.

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Here are the best nonfiction essays of the year, according to me.

Two years after generative AI was supposed to render India's $250 billion IT services industry obsolete, the sector is finding that enterprises still need someone to handle the unglamorous plumbing work that large-scale AI deployment demands. Less than 15% of organizations are meaningfully deploying the new technology, according to investment bank UBS, and Indian IT firms are positioning themselves to capture the preparatory work -- data cleanup, cloud migration, system integration -- that channel checks suggest could take two to three years before enterprise-wide AI becomes feasible. The financials have held up better than the doomsday predictions suggested. Infosys now calls AI-led volume opportunities a bigger tailwind than the deflation threat, a reversal from 2024, and orderbooks held steady in the third quarter even as pricing pressure filtered through renewals. Infosys expects its orderbook to grow more than 50% this quarter, anchored by an NHS deal worth $1.6 billion over 15 years. The companies have been restructuring accordingly. TCS cut headcount by 2% and invested in a 1GW data-centre network while acquiring Salesforce advisory firm Coastal Cloud. HCLTech reduced margins by 100 basis points and became one of the first large systems integrators to partner with OpenAI; this week it announced acquisitions of Jaspersoft for $240 million and Belgian firm Wobby to expand agentic AI capabilities. The bear case for the Indian IT sector assumed that AI would work out of the box. Two years in, it does not.

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While stock investors have pushed AI-related shares to repeated highs this year, debt markets are telling a more cautious story as newer AI infrastructure companies find themselves paying significantly elevated interest rates to borrow money. Applied Digital, a data center builder, sold $2.35 billion of debt in November at a 9.25% coupon -- roughly 3.75% above similarly rated companies, or about 70% more in interest costs. The pattern has repeated across several deals. Wulf Compute, a subsidiary of Bitcoin-miner-turned-data-center-operator Terawulf, raised $3.2 billion in mid-October at 7.75%, well above the 5.5% average yield for similarly rated issuers. Cipher Compute sold $1.7 billion in early November at just over 7%. CoreWeave, which rents data centers and installs computing systems for companies like OpenAI and Meta, raised $1.75 billion in July at 9%. The company's bonds have since fallen to around 90 cents on the dollar, pushing the effective yield above 12% -- nearly double the average for companies at its single-B rating level. "We just have to be much more pessimistic and not buy into the hype," said Will Smith, a portfolio manager at AllianceBernstein. Construction delays and uncertain demand for AI computing power remain key concerns for lenders who, unlike equity investors, have no upside beyond getting their principal back.

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It’s become easier to imagine the moment when Trump’s mystique finally evaporates.

Only five Sears stores remain in the country, with the end likely near for what was once the mightiest American retailer.

While America's largest corporations are riding a wave of surging profits and AI-fueled stock market enthusiasm to record highs, small businesses across the country are cutting staff and scaling back operations as years of high inflation, cautious consumers and tariff confusion take their toll. Private firms with fewer than 50 workers have steadily shed jobs over the past six months, according to payroll processor ADP, cutting 120,000 positions in November alone. Midsize and large firms continued adding jobs during the same period. The divergence mirrors what's happening among American consumers. The Federal Reserve's latest beige book noted that overall consumer spending declined further even as higher-end retail spending remained resilient. Workers at small businesses tend to earn less than those at large companies, and stock market gains from large public company shares flow mostly to wealthier Americans. Small businesses -- those with up to 500 workers -- employ nearly half the American workforce and represent more than 40% of GDP, according to the U.S. Chamber of Commerce. But their profits are slightly lower than a year ago, per a Bank of America Institute analysis. Net income at S&P 500 companies rose 12.9% from a year earlier in the third quarter.

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Western carmakers retreating from electric vehicles amid softening government mandates could find themselves in a precarious position as Chinese rivals continue gaining ground in the EV market they're choosing to de-prioritize. The EU on December 16th dropped its earlier plan to ban petrol car sales outright from 2035, instead requiring carmakers to cut emissions from new vehicles by 90% from 2021 levels. The day before, Ford announced a $19.5 billion asset writedown as it rethinks its EV strategy and ends sales of the all-electric F-150 pickup. In the U.S., the Trump administration has rolled back incentives and other measures that supported EVs. But Chinese brands controlled 10.7% of the all-electric car market in western Europe in the first ten months of 2025, up a percentage point from a year earlier, despite EU tariffs on Chinese EVs imposed in October 2024. Sales of Chinese hybrids, which aren't subject to those tariffs, have surged. EVs will eventually become the cheaper option as production expands and costs fall, meaning Western carmakers that slow down now risk giving competitors an unassailable lead.

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