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Renault Korea Motors Faces Uncertain EV Future Amid Domestic Battery Production Woes

Jun 26, 2023 09:39 am UTC| Economy Business Nature

Renault Korea Motors ambitious plan to produce 200,000 electric vehicles (EVs) annually in Busan is in jeopardy, as top domestic battery manufacturers, including LG Energy Solution, SK On, and Samsung SDI, appear hesitant...

Samsung Enters AI Chip Market With High-Bandwidth Memory Solutions, Challenging SK hynix

Jun 26, 2023 09:30 am UTC| Technology Economy Business

Samsung Electronics leaps into the artificial intelligence (AI) chip market, planning to mass-produce high-bandwidth memory (HBM) chips this year, potentially upsetting current leader SK hynixs market dominance with...

HD KSOE Breaks Ground for Marine Engine Plant Construction in Saudi Arabia

Jun 26, 2023 08:58 am UTC| Business Economy

HD Korea Shipbuilding Offshore Engineering Co. has broken ground for the construction of a marine engine facility in Saudi Arabia. Once completed, the plant is set to start its commercial operations by the fourth quarter...

6 Figure Income Secrets by Digital Marketing Expert Jitendra Vaswani

Jun 26, 2023 08:33 am UTC| Business

It is often said that Success does not look like a glamorous boy walking among flashing camera lights, smiling wide and fully satisfied with life, but success comes after numerous downfalls and burning yourself in the fire...

LG Electronics, SM Entertainment Set to Launch Fitness Candy App After Delays

Jun 26, 2023 08:13 am UTC| Business Economy

After a nine-month delay, LG Electronics Inc. and SM Entertainment Co. are finally set to launch their joint venture, Fitness Candy, a comprehensive home fitness app. This highly-anticipated release is expected to redefine...

Toyota Renames Innova Hycross as Zenix in Malaysia Launch

Jun 26, 2023 07:51 am UTC| Economy Business Life

Toyota has recently launched its Innova Hycross-based MPV called Zenix in Malaysia, which will be manufactured in Indonesia. The model is available in two trims, with the option of two powertrain variations. This...

Hyundai E&C Inks Record $5B Petrochemical Deal With Aramco to Boost South Korea-Saudi Ties

Jun 26, 2023 07:29 am UTC| Business Economy

Hyundai Engineering Construction (Hyundai EC) has secured a groundbreaking $5 billion petrochemical contract with Aramco for a mega-complex in Saudi Arabia, marking a high point in South Korean overseas...

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Economy

Asian Markets Slip as Precious Metals Cool, Geopolitical Tensions Weigh on Sentiment

Asian stock markets edged lower on Tuesday, tracking losses on Wall Street as a pullback in technology shares dampened investor sentiment. Market liquidity remained thin due to a holiday-shortened trading week,...

South Korea Factory Output Misses Forecasts in November Amid Ongoing Economic Uncertainty

South Koreas factory output showed weaker-than-expected performance in November, highlighting continued uncertainty in the countrys industrial sector as global demand remains uneven. According to official data released...

Oil Prices Slip Slightly as Markets Weigh Geopolitical Risks and Supply Glut Concerns

Oil prices edged lower in early Tuesday trading after posting gains of more than 2% in the previous session, as commodity markets reacted to weakness in precious metals while remaining sensitive to escalating geopolitical...

U.S. Dollar Steadies Ahead of Fed Minutes as Markets Eye Policy Divisions

The U.S. dollar traded steadily on Tuesday as investors awaited the Federal Reserves release of its December meeting minutes, which are widely expected to reveal internal divisions over the future path of monetary policy....

U.S. Stock Index Futures Steady as Markets Await Fed Policy Clues in Holiday-Thinned Trade

U.S. stock index futures were little changed on Monday evening, reflecting cautious sentiment after Wall Street closed lower amid losses in major technology stocks. With markets entering another holiday-shortened trading...

Politics

Najib Razak Files Appeal Against Latest 1MDB Corruption Conviction and 15-Year Sentence

Former Malaysian prime minister Najib Razak has filed an appeal against his latest corruption conviction linked to the multibillion-dollar 1MDB scandal, his lawyer confirmed on Tuesday. The appeal challenges both the...

Jazz Ensemble Cancels Kennedy Center New Year’s Eve Shows After Trump Renaming Sparks Backlash

A renowned veteran jazz group has become the latest artist to withdraw from performances at Washingtons Kennedy Center following its controversial renaming to include U.S. President Donald Trump. On Monday, the Cookers...

Boeing Secures $8.6 Billion Pentagon Contract for F-15 Jets for Israel

Boeing has been awarded an $8.6 billion defense contract by the United States Department of Defense for the F-15 Israel Program, marking one of the most significant recent foreign military sales agreements between...

U.S. Government Agrees to Review Frozen NIH Diversity Research Grants After Legal Challenge

The Trump administration has reached an agreement with researchers and Democratic-led states who filed a lawsuit over cuts to diversity-related research funding at the National Institutes of Health (NIH). The deal,...

Lockheed Martin Secures $92.8M AEGIS Sustainment Contract from U.S. Navy

Lockheed Martin Rotary and Mission Systems has received a $92.8 million contract modification from the U.S. Naval Sea Systems Command to provide ongoing AEGIS system sustainment services for allied navies in the...

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

Samsung Electronics Secures Annual U.S. Licence for China Chip Equipment Imports in 2026

Samsung Electronics has obtained an annual licence from the United States government that allows the South Korean technology giant to import critical semiconductor manufacturing equipment into its China-based facilities...

Applied Digital Stock Rises on AI Cloud Spinoff Plan and ChronoScale Launch

Applied Digital (NASDAQ: APLD) shares climbed about 1.2% in after-hours trading on Monday after the company announced a proposed business combination designed to spin off its cloud computing operations into a new,...

Meta Acquires AI Startup Manus to Expand Advanced AI Capabilities Across Platforms

Meta has announced that it will acquire Manus, a Chinese artificial intelligence startup, marking another significant step in the companys aggressive push to expand its AI capabilities across both consumer and business...

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...