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KT&G Expands with New Factory in East Java; Indonesian Government Supports Move

Sep 12, 2023 08:47 am UTC| Business Economy

South Korean tobacco giant KTG, also prominent in pharmaceutical tech, is constructing a new factory in East Java, Indonesia. Expected to finish by 2026, the company secured significant investment support from the...

Amorepacific Partners with Sephora to Launch Laneige Brand in Mexico

Sep 12, 2023 08:44 am UTC| Business Economy

Amorepacific Corp. partners with Sephora to introduce its Laneige brand to the Mexican market, leveraging Sephoras e-commerce platform. This collaboration marks Amorepacifics strategic push into Latin America, eyeing the...

Burger King Parent, Restaurant Brands, Joins Dubai's Apparel Group to Introduce Firehouse Subs to Middle East

Sep 12, 2023 07:58 am UTC| Business Economy

Restaurant Brands International Inc., the power behind Burger King, has partnered with Dubais Apparel Group to introduce over a hundred Firehouse Subs locations in Oman and the UAE. This collaboration underscores both...

Digital Currency Revolution

Safello Exchange Incorporates Apple Pay, Google Pay for Streamlined Cryptocurrency Purchases

Sep 12, 2023 07:07 am UTC| Economy Digital Currency Business

Swedens leading cryptocurrency exchange, Safello, announces the integration of Apple Pay and Google Pay. Following their Worldpay agreement, this development amplifies Safellos pursuit of enhancing the user purchase...

KT Corp. & SingPost Partner for AI-Enhanced Digital Logistics in Singapore

Sep 12, 2023 07:02 am UTC| Business Economy

On Sept. 11, KT Corp. and Singapore Post Limited (SingPost) unveiled a new business partnership, inking a memorandum of understanding (MOU) to advance an AI-driven digital logistics model. Aimed at bolstering logistics...

SKC Co. Ltd. Eyes 12% Stake in US Chip Packaging Startup, Chipletz

Sep 12, 2023 05:11 am UTC| Business Economy

South Korean chemical giant SKC Co. Ltd., announced plans to acquire a 12% stake in Chipletz, a US-based chip packaging startup. This strategic move aligns with SKCs shift towards chip testing and battery materials. The...

Qualcomm, Apple Ink Deal for 5G Chip Supply Until 2026 Amid Challenges in China

Sep 12, 2023 04:21 am UTC| Economy Technology Business

Amid challenges in China, Apple solidified its global supply chain by sealing a deal with Qualcomm, ensuring a 5G chip supply until 2026. This multi-billion-dollar partnership underscores a prolonged collaboration despite...

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Economy

Asian Stock Markets Trade Narrowly as Year-End Volumes Thin, KOSPI Outperforms on Tech Rally

Asian stock markets moved mostly sideways on Monday as thin year-end trading volumes and reduced investor participation kept activity muted across the region. With many global investors already having completed year-end...

Hong Kong Home Prices Rise for Sixth Straight Month as Rate Cuts Lift Market Sentiment

Hong Kong private home prices continued their steady recovery in November, rising for the sixth consecutive month as lower interest rates and a strong stock market helped improve buyer confidence. According to government...

Trump Says Ukraine Peace Deal ‘Closer,’ But Key Disputes Remain Unresolved

Following talks with Ukrainian President Volodymyr Zelensky, former US President Donald Trump stated a possible peace agreement on Ukraine is closer, citing a lot of progress toward a possible conclusion of the conflict....

BOJ Signals Further Rate Hikes as Inflation and Weak Yen Remain in Focus

Bank of Japan policymakers are increasingly signaling that further interest rate hikes may be necessary, even after the central bank raised rates in December, according to a recently released summary of opinions. The...

China’s Central Bank to Launch New Digital Yuan Management Framework from January 1

Chinas central bank is preparing to strengthen oversight of its digital currency with the release of a new action plan focused on digital yuan management, signaling another major step in the evolution of the countrys...

Politics

Trump and Zelenskiy Signal Progress Toward Ukraine Peace Deal, Donbas Still Unresolved

U.S. President Donald Trump said he and Ukrainian President Volodymyr Zelenskiy are moving very close to a potential agreement to end the war in Ukraine, following high-level talks at Trumps Mar-a-Lago resort in Florida....

Trump–Netanyahu Talks Aim to Revive Gaza Ceasefire and Address Iran, Hezbollah Tensions

U.S. President Donald Trump is expected to push for progress on the stalled Gaza ceasefire when he meets Israeli Prime Minister Benjamin Netanyahu on Monday, according to statements from Israeli officials. The high-level...

FBI Surges Resources to Minnesota Amid Fraud Investigations Linked to Somali Community

The Federal Bureau of Investigation has surged additional investigative resources and personnel to Minnesota, according to FBI Director Kash Patel, marking a significant escalation in federal fraud investigations that have...

Australia Orders Independent Review After Bondi Mass Shooting, Albanese Resists Royal Commission Calls

Australian Prime Minister Anthony Albanese has announced an independent review into the countrys law enforcement and security agencies following the deadly Bondi mass shooting, as pressure mounts on the government to...

South Korea Prosecutor Alleges Former First Lady Kim Keon Hee Abused Power for Bribes

A special prosecutor in South Korea has concluded that Kim Keon Hee, the wife of former President Yoon Suk Yeol, interfered in state affairs in exchange for expensive gifts and money, according to findings announced on...

Science

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

China’s LandSpace Takes Aim at SpaceX With Reusable Rocket Ambitions

Chinas private rocket startup LandSpace is rapidly emerging as a key challenger in the global commercial space race, openly drawing inspiration from Elon Musks SpaceX while reshaping Chinas traditionally state-led space...

China Proposes Stricter Rules for AI Services Offering Emotional Interaction

Chinas top internet regulator has released draft regulations aimed at tightening oversight of artificial intelligence services that simulate human personalities and engage users emotionally, signaling a stronger push to...

Nvidia and Groq Strike Strategic AI Inference Licensing Deal

Reports earlier this week suggested that Nvidia (NASDAQ: NVDA) had agreed to acquire AI chip startup Groq in a $20 billion all-cash transaction. However, updated details clarify that the arrangement is not a traditional...

TSMC Honors Japanese Chip Equipment Makers With 2025 Supplier Awards

Several leading Japanese semiconductor equipment manufacturers have been recognized with 2025 Supplier Awards from Taiwan Semiconductor Manufacturing Company (TSMC), highlighting their growing importance in the global chip...

Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance

NVIDIA (NASDAQ: NVDA) has reportedly agreed to acquire Groq, a fast-growing designer of high-performance artificial intelligence accelerator chips, in a $20 billion all-cash transaction, according to a CNBC report. The...