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Five Guys' Grand Korean Launch: 15,000 Burgers Sold, Pricing Controversy Ensues

Jul 05, 2023 01:17 am UTC| Life Economy Business

Five Guys monumental Korean debut witnessed the sale of 15,000 burgers within a week, inciting a nationwide frenzy despite a brewing pricing controversy compared to its U.S. outlets. The enthusiasm for Five Guys spread...

Adidas Signs Long-Term Partnership Deal With AS Roma Football Club

Jul 04, 2023 10:16 am UTC| Business Economy

Adidas AG has signed a new partnership deal with Associazione Sportiva Roma or simply known as AS Roma. It is a long-term contract that will mark the return of the German sportswear and sneaker manufacturer as the Italian...

Coupang Rolls Out High-End ‘Rocket Luxury’ Beauty Shopping Experience

Jul 04, 2023 10:08 am UTC| Business Economy

Coupang revealed on Monday, July 3, that it has launched Rocket Luxury to offer a high-end beauty shopping experience to customers. The leading e-commerce retailer in South Korea will now allow shoppers to purchase luxury...

BYD Unleashes New Denza DiSus N7: World's First Intelligent Hunting SUV

Jul 04, 2023 09:55 am UTC| Life Economy Business

The new BYD Denza SUV model, DiSus N7, officially launched on July 3rd. This exciting lineup offers four models priced from 319,800 to 379,800 ($44,100 to 52,400). Additionally, two Air versions are available without the...

Mondelez Issues Voluntary Recall for Its belVita Biscuits in the US

Jul 04, 2023 09:52 am UTC| Business Economy

Mondelez International has issued a recall for its belVita biscuit brand subsidiary. The recalled products include two varieties of the belVita Breakfast Sandwich biscuits that may have been contaminated with...

POSCO Investing $92B to Bolster Competitiveness in Eco-Friendly Materials

Jul 04, 2023 09:51 am UTC| Business Economy

POSCO Group is set to invest KRW121 trillion or about $92.44 billion for its next big business plans. The company will use the funds for steel, hydrogen and secondary batteries by the year 2030. The goal for the new...

Messer, Toyota Tsusho Launch Green Hydrogen Mobility JV; Thai Venture to Produce Hydrogen from Biogas

Jul 04, 2023 09:02 am UTC| Economy Business

The European Commission greenlights a joint venture between Germanys Messer SE and Toyota Tsusho Europe SA for hydrogen-based mobility solutions. Concurrently, a novel biogas-to-hydrogen project in Thailand, involving...

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Economy

European Markets Mixed as Pound Weakens and Major Corporate Deals Emerge

European financial markets opened the week on a cautious note as investors returned after the long Christmas holiday weekend. British stocks were largely flat at Mondays open, while the pound sterling weakened against the...

Silver Prices Hit Record Highs: How Silver Is Traded and Why Demand Is Surging

Silver prices surged past $80 an ounce for the first time on Monday, driven by a powerful combination of industrial demand, investor interest, persistent supply shortages, and momentum-based trading. The rally briefly...

Gold Prices Ease After Record Highs as Dollar Firms, Broader Bullish Outlook Intact

Gold prices edged lower on Monday after reaching record highs in the previous session, as some investors opted to lock in profits and the U.S. dollar strengthened modestly. Despite the pullback, gold continues to draw...

China to Cut Import Tariffs on Key Commodities and Medical Products From Next Year

China has announced a new round of tariff adjustments set to take effect next year, signaling continued efforts to support domestic industries, enhance supply chains, and promote economic stability. According to a...

European Defense Stocks Slide as Trump Signals Progress in Ukraine-Russia Peace Talks

European defense stocks moved lower on Monday after comments from U.S. President Donald Trump suggested renewed momentum in peace negotiations between Ukraine and Russia, dampening near-term expectations for sustained...

Politics

Lavrov Says Russia Holds Strategic Initiative in Ukraine as Settlement Talks Continue

Russian Foreign Minister Sergei Lavrov has stated that Russia maintains the strategic initiative in Ukraine, emphasizing that Western nations must accept the current battlefield realities as discussions on a potential...

Trump and Netanyahu Diverge on West Bank Policy Amid Rising Tensions

U.S. President Donald Trump acknowledged that he and Israeli Prime Minister Benjamin Netanyahu do not fully agree on the future of the Israeli-occupied West Bank, highlighting ongoing divisions over one of the most...

Israel’s Recognition of Somaliland Sparks U.N. Debate and Regional Tensions

Israels recent decision to formally recognize the self-declared Republic of Somaliland has triggered intense debate at the United Nations, with several countries questioning the motives behind the move and warning of...

Peruvian Shamans’ New Year Ritual Predicts Illness for Trump, Fall of Maduro, and Global Political Shifts

Peruvian shamans gathered on a beach in southern Lima for their annual New Years ritual, an event that draws attention each year for its bold political predictions and spiritual symbolism. Wearing colorful ponchos, burning...

Bolsonaro Undergoes Second Medical Procedure for Persistent Hiccups While Hospitalized in Brasilia

Brazils imprisoned former President Jair Bolsonaro underwent a second medical procedure on Monday to treat persistent hiccups, marking the latest development in a series of health issues faced by the controversial leader....

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...