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Korea’s GS Retail to open its first stores in Malaysia after signing MOU with KK Group

Jul 12, 2022 08:00 am UTC| Business Economy

GS Retail, a South Korean supermarket chain company, is set to enter the Malaysian convenience store market. For this business expansion, it has signed a memorandum of understanding (MOU) with KK Group, a Malaysian firm...

Uber’s secret link to top politicians revealed via leaked documents

Jul 12, 2022 07:16 am UTC| Business Economy

Uber Technologies Inc. is in a hot seat after it was revealed that some top politicians had been secretly helping it in unfair ways. The companys hush-hush relationship with some lawmakers was uncovered after leaked...

Why Iraq is unlikely to fulfil rising oil demand

Jul 11, 2022 14:44 pm UTC| Business

At the recent G7 in Germany, French president Emmanuel Macron was overheard expressing doubts that Saudi Arabia and the United Arab Emirates (UAE) two of OPECs biggest exporters would be able to increase their oil...

How might the cost of living crisis affect the UK gambling industry?

Jul 11, 2022 14:42 pm UTC| Business

The cost of living is rising and has been continuous since 2021. In April 2022, inflation reached the highest level on record. It is expected to peak at almost 9% by Q4 2022. Soaring energy prices have seen domestic gas...

7-Eleven speeding up merger deal with MInistop

Jul 11, 2022 10:18 am UTC| Business Economy

7-Eleven operator, Lotte Groups Korea Seven, is picking up speed with the completion of its merger and acquisition (MA) deal with Ministop so it can start the take over of the stores in South Korea. As per Pulse News,...

Ford issues new recall for 100,000 vehicles in the US over fire risks

Jul 11, 2022 09:40 am UTC| Business Economy

Ford Motor Co. has issued another recall for its vehicle models, but this time, the number is higher. The company recalls 100,000 units of its hybrid vehicles due to the risk of catching fire. This new Ford Motor recall...

Twitter hires Wachtell law firm as it vows to fight Elon Musk for scrapping $44 billion acquisition deal

Jul 11, 2022 09:31 am UTC| Business Economy

Twitter Inc. is suing Elon Musk for terminating their $44 billion acquisition deal. The social media platform vowed to legally fight the 51-year-old billionaire, so it reportedly hired Wachtell, Lipton, Rosen Katz LLP law...

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Economy

Supreme Court Showdown: Trump's Sweeping Tariffs Face Judgment Day as Early as Friday

On President Trumps contentious use of the International Emergency Economic Powers Act (IEEPA) to levy broad Liberation Day tariffs of 10-50% on imports from most nations, along with other duties on Canada, Mexico, and...

Thailand Economy Faces Competitiveness Challenges as Strong Baht and U.S. Tariffs Pressure Exports

Thailands economy is facing mounting structural and external challenges, with declining competitiveness and pressure on exports emerging as key concerns, according to a statement released Wednesday by the Bank of Thailand...

Asian Currencies Trade Sideways as Dollar Wavers Ahead of Key U.S. Jobs Data; Aussie Dollar Hits 15-Month High

Most Asian currencies traded within a narrow range against the U.S. dollar as global markets turned cautious ahead of key U.S. labor market data due later this week. Currency traders largely avoided taking major positions,...

Oil Prices Slide in Asia as Trump Signals Venezuela Supply Boost, Raising Global Glut Fears

Oil prices fell sharply during Asian trading on Wednesday as markets reacted to comments from U.S. President Donald Trump suggesting Venezuela could soon supply tens of millions of barrels of crude oil to the United...

Asian Markets Slip as Oil Prices Fall on Venezuela Developments and Global Tensions

Asian markets traded mixed as investors digested falling oil prices, rising commodity stocks, and heightened geopolitical tensions tied to Venezuela, China, and broader global uncertainty. Crude oil futures extended losses...

Politics

Trump Administration Expands U.S. Visa Bond Requirement to 38 Countries

The U.S. government under President Donald Trump has expanded a controversial visa bond policy, adding 25 more countries to a list of nations whose citizens may be required to post a bond of up to $15,000 in order to apply...

China’s Taiwan War Games Signal Political Pressure Amid Economic Strain

Chinas recent large-scale military exercises around Taiwan were part of a broader political and psychological campaign aimed at countering rising international support for the island while diverting attention from Beijings...

Trump Administration Freezes Federal Child Care Funds Over Fraud Concerns

The Trump administration has announced a freeze on certain federal child care and family assistance funds for five U.S. statesCalifornia, Colorado, Illinois, Minnesota, and New Yorkciting serious concerns about fraud and...

Five Years After January 6 Capitol Riot, Democrats and Republicans Clash Over History and Power

Five years after the January 6, 2021 attack on the U.S. Capitol, sharp political divisions resurfaced in Washington as Democrats accused Republicans of attempting to rewrite history, while President Donald Trump downplayed...

US–Venezuela Oil Deal Signals Major Shift in Energy Trade and Sanctions Strategy

The United States and Venezuela have reached a significant agreement that could reshape global oil flows, following an announcement by U.S. President Donald Trump that Caracas will export up to $2 billion worth of...

Science

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

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...

Technology

Baidu’s AI Chip Unit Kunlunxin Prepares for Hong Kong IPO to Raise Up to $2 Billion

Baidu Inc (NASDAQ: BIDU) is moving forward with plans to list its artificial intelligence chipmaking subsidiary, Kunlunxin, in Hong Kong, in a deal that could raise as much as $2 billion, according to a Bloomberg report...

Hyundai Motor Shares Surge on Nvidia Partnership Speculation

Shares of Hyundai Motor surged sharply on Wednesday, climbing as much as 14.9% to reach a record high during morning trading, significantly outperforming South Koreas benchmark KOSPI index, which gained 1.2%. The rally was...

Lenovo Unveils AI Cloud Gigafactory With NVIDIA and Launches New AI Platform at CES 2026

Lenovo made a major impact at the Consumer Electronics Show (CES) in Las Vegas on Tuesday by unveiling an artificial intelligence cloud gigafactory developed in collaboration with NVIDIA, reinforcing its position as a...

China Reviews Meta’s $2 Billion AI Deal With Manus Amid Technology Control Concerns

Chinese government officials are reportedly reviewing Meta Platforms $2 billion acquisition of artificial intelligence startup Manus, raising potential concerns over technology transfer and national security controls....

Discord Confidentially Files for U.S. IPO, Signaling Major Milestone

Popular chat platform Discord has confidentially filed for an initial public offering (IPO) in the United States, according to a Bloomberg News report citing people familiar with the matter. The move marks a significant...