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Mondelēz to focus on chocolates, biscuits, baked snacks; to sell Trident and Halls

May 11, 2022 23:44 pm UTC| Economy Business

Mondelēz International will reshape its brand portfolio by focusing on chocolates, biscuits, and baked snacks, aiming to generate 90 percent of its revenue from those categories, and would sell its chewing gum business in...

S. Korea's exports up 28.7% in first 10 days of May

May 11, 2022 23:40 pm UTC| Economy Business

South Koreas exports rose 28.7 percent on year in the first 10 days of May to $16.1 billion from $12.5 billion a year earlier on the back of demand for chips and petroleum products. However, the trade deficit widened...

Solar-powered drone completes round trip flight to Dokdo islets

May 11, 2022 23:00 pm UTC| Nature Economy Business

An unmanned solar-powered drone dubbed KAU-SPUAV-2019 developed by the Korea Aerospace University succeeded to fly from the mainland to the easternmost islets of Dokdo and back. The drone returned just in time to...

Hyundai Motor to participate in Clean Transportation Expo

May 11, 2022 23:00 pm UTC| Nature Economy Business

Hyundai Motor Co. is participating in Americas Advanced Clean Transportation Expo 2022 for the first time, where it will introduce the Xcient fuel cell truck and offer test drives. The carmaker will also speak at the...

Miami GP attracts record 26 million average live F1 audience in US TV history

May 11, 2022 22:56 pm UTC| Sports Economy Business

The inaugural Miami Grand Prix racked up an average viewership of 2.6 million on commercial network ABC, smashing the previous record for a live race telecast in the US when 1.74 million tuned in on ESPN for the 1995...

Tesla recalls 130,000 EVs in US over touchscreen display defect

May 11, 2022 10:09 am UTC| Business Economy

Tesla, a leading electric vehicle manufacturer, is recalling 130,000 units of EVs as touchscreens may go blank at some point. The affected vehicles are those sold in the United States. Tesla said that the touchscreens...

Samsung C&T, NuScale ink partnership deal to venture into global SMR market

May 11, 2022 10:01 am UTC| Business Economy

Samsung CT Corp., the construction arm of Samsung Group, has signed a partnership deal with NuScale Power, an American private company that designs and markets small modular reactors (SMR), headquartered in Tigard,...

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Economy

Markets React as Tensions Rise Between White House and Federal Reserve Over Interest Rate Pressure

Tensions between the White House and the U.S. Federal Reserve escalated sharply over the weekend after Federal Reserve Chair Jerome Powell revealed that the administration had allegedly threatened him with a criminal...

Japan Launches Deep-Sea Rare Earth Mining Mission to Reduce Reliance on China

Japan has taken a major step toward securing its supply of critical minerals by launching a groundbreaking deep-sea mining mission aimed at extracting rare earth elements from the ocean floor. A government-backed Japanese...

Australian Household Spending Surges, Raising Rate Hike Expectations

Australian household spending showed strong momentum for a second straight month in November, reinforcing signs that the economy is gaining traction and increasing expectations of future interest rate hikes. According to...

U.S. Dollar Slips as Powell Investigation Shakes Markets, Gold Hits Record High

The U.S. dollar weakened on Monday after retreating from its strongest level in a month, following reports that U.S. prosecutors have opened a criminal investigation into Federal Reserve Chair Jerome Powell. The...

UK Jobs Market Cools in December as Starting Salaries Rise, Survey Shows

Britains jobs market showed further signs of cooling in December, even as starting salaries for permanent roles increased at a faster pace, according to a closely watched survey of recruiters that will be reviewed by the...

Politics

ICJ to Hear Landmark Genocide Case Against Myanmar Over Rohingya Crisis

A landmark genocide case against Myanmar is set to open at the International Court of Justice (ICJ), the United Nations highest judicial body, marking the first full genocide hearing at the court in more than a decade. The...

Trump Reignites Greenland Takeover Claims, Citing U.S. Security and NATO Tensions

U.S. President Donald Trump has once again stirred global debate after declaring that the United States would acquire Greenland, even if such a move risks straining relations within the North Atlantic Treaty Organization...

Trump Considers Starlink to Restore Internet Access in Iran Amid Protests

U.S. President Donald Trump said on Sunday that he is considering discussions with billionaire entrepreneur Elon Musk about restoring internet access in Iran, where authorities have imposed widespread blackouts amid...

DHS Sends Hundreds More Officers to Minnesota After ICE Shooting Sparks Nationwide Protests

The U.S. Department of Homeland Security (DHS) announced it is deploying hundreds of additional federal officers to Minnesota following large-scale protests over the fatal shooting of a woman by an Immigration and Customs...

Who Is Li Chenggang? The Diplomat Shaping U.S.-China Trade Talks

Chinas lead trade negotiator Li Chenggang has emerged as one of the most influential figures in U.S.-China trade negotiations, despite a rocky moment last year that briefly threatened to derail high-level diplomacy. In...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

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...

Technology

Anthropic Launches HIPAA-Compliant Healthcare Tools for Claude AI Amid Growing Competition

Anthropic has announced the launch of a new suite of healthcare-focused tools integrated into its Claude AI chatbot, marking another significant step in the rapidly expanding use of artificial intelligence in medicine. The...

Elon Musk Says X Will Open-Source Its Algorithm Amid EU Scrutiny

Elon Musk announced on Saturday that X, the social media platform formerly known as Twitter, will publicly release its recommendation algorithm, including the full code behind organic content and advertising post...

China’s AI Sector Pushes to Close U.S. Tech Gap Amid Chipmaking Challenges

China is accelerating efforts to narrow its technological gap with the United States, driven by increased risk-taking, innovation, and strong policy support for artificial intelligence and semiconductors. Leading Chinese...

Supreme Court to Hear Cisco Appeal on Alien Tort Statute and Human Rights Liability

The U.S. Supreme Court has agreed to hear an appeal by Cisco Systems that could significantly reshape how American companies are held liable for alleged human rights abuses committed overseas. The case centers on the scope...

FCC Approves Expansion of SpaceX Starlink Network With 7,500 New Satellites

The U.S. Federal Communications Commission (FCC) has approved SpaceXs request to deploy an additional 7,500 second-generation Starlink satellites, marking a major step forward in the companys mission to expand global...