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Burger King Korea up for sale as Affinity Equity Partners pulls out from its franchise operation

Sep 08, 2021 10:07 am UTC| Business Economy

The owner of Burger King Korea and Burger King Japan, Affinity Equity Partners, just put the two fast-food franchises up for sale. The Hong Kong-based Asian private equity company reportedly made the move as it is planning...

Microsoft buys Clipchamp to boost its video-editing technology

Sep 08, 2021 09:34 am UTC| Business Economy

Microsoft revealed on Tuesday, Sept. 7, that it bought the video-editing software company called Clipchamp. The start-up owns a software that the public and people in the corporate world could use for editing...

Hulu to impose price hike on its on-demand plans next month

Sep 08, 2021 09:06 am UTC| Business Economy

Hulu is set to increase its prices after Disney+ and ESPN+ announced their own $1 rate hike not long ago. The brands are Hulus sister companies so it was not surprising when it also imposed a new increase on...

7 Ways Technology Can Earn You Money in 2021

Sep 08, 2021 07:20 am UTC| Business

If youre trying to earn some extra cash, youve probably researched multiple ways to get this done online. There always seems to be a guru, expert, or influencer earning high income and wanting to share their tips with you....

Motorola making a comeback in South Korea after 8 years

Sep 08, 2021 06:57 am UTC| Business Economy

Motorola is reportedly coming back to South Korea after leaving the market eight years ago. It was reported that it will be returning to fill the void left by the local smartphone maker LG Electronics after it pulled out...

Toyota investing $13.5B to establish electric vehicle battery tech biz

Sep 08, 2021 06:00 am UTC| Business Economy

Toyota revealed on Tuesday, Sept. 7, that it will be developing batteries for electric vehicles, and for this business, it will be investing around $13.5 billion. The Japanese automaker is hoping it will be able to set up...

Hyundai Motor to make hydrogen cars as cheap as EVs by 2030

Sep 07, 2021 21:25 pm UTC| Economy Business

Hyundai Motor Group plans to make hydrogen vehicles as cheap as electric vehicles within 10 years under its new 20-year hydrogen vision. The automaker will cut the price of third-generation fuel cells by over 50 percent...

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Economy

China Signals Willingness to Deepen Canada Ties as Leaders Seek Reset in Relations

China has expressed a willingness to deepen cooperation with Canada while working to eliminate what it describes as interference, signaling a potential reset in bilateral relations after years of strain. The message was...

Gold Prices Retreat After Record Highs as Geopolitical and Fed Concerns Ease

Gold prices declined during Asian trading on Thursday, pulling back from three consecutive record-high sessions as easing geopolitical tensions and reassurance over U.S. monetary policy reduced safe-haven demand. Spot gold...

Asian Currencies Trade Flat as Yen Weakens on Election Fears and Won Retreats After U.S. Support

Most Asian currencies traded near flat levels on Thursday as investors remained cautious amid mixed political and monetary signals from both the region and the United States. The Japanese yen hovered near 18-month lows,...

South Korea Central Bank Signals End to Rate Cuts as Won Weakens

South Koreas central bank has signalled a potential end to its current easing cycle after keeping its benchmark interest rate unchanged at 2.50% in its first policy meeting of the year, prioritising financial stability as...

Yen Near 18-Month Lows as Election Risks and Intervention Fears Keep Markets on Edge

The Japanese yen stabilized near 18-month lows on Thursday, as investors remained cautious about the risk of currency intervention following strong verbal warnings from Japanese officials ahead of a snap national election....

Politics

Trump Says He Has No Immediate Plans to Fire Fed Chair Jerome Powell Amid DOJ Probe

U.S. President Donald Trump said on Wednesday that he currently has no plans to remove Federal Reserve Chair Jerome Powell, even as the Department of Justice has reportedly threatened the central banker with a criminal...

US Senate Delays Crypto Regulation Bill After Coinbase CEO Raises Concerns

The United States Senate Banking Committee has postponed a planned discussion on new cryptocurrency regulation legislation following public opposition from Coinbase CEO Brian Armstrong. The delay highlights ongoing...

Trump Delays Tariffs on Critical Minerals, Seeks Global Supply Deals to Protect U.S. Security

U.S. President Donald Trump has decided, for now, not to impose tariffs on rare earths, lithium, and other critical minerals, choosing instead to pursue international negotiations aimed at securing stable supplies. The...

Federal Judge Blocks Trump Administration From Cutting $80 Million in Minnesota SNAP Funding

A federal judge on Wednesday temporarily blocked the Trump administration from withholding roughly $80 million in federal funding used to administer Minnesotas Supplemental Nutrition Assistance Program (SNAP), commonly...

Japan Firms Warn Economic Risks as China Ties Fray and BOJ Tightens Policy

More than two-thirds of Japanese companies believe the domestic economy will suffer as relations with China continue to deteriorate, according to a recent Reuters survey conducted by Nikkei Research. Nearly half of the...

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

China Considers New Rules to Limit Purchases of Foreign AI Chips Amid Growing Demand

China is preparing new regulatory measures to manage how many advanced artificial intelligence chips domestic companies can purchase from foreign suppliers such as Nvidia, according to a report by Nikkei Asia citing...

Microsoft Strikes Landmark Soil Carbon Credit Deal With Indigo Carbon to Boost Carbon-Negative Goal

Microsoft has taken another major step toward its climate ambitions by agreeing to purchase a record 2.85 million soil carbon credits from Indigo Carbon, marking the largest regenerative agriculture-based carbon removal...

xAI Restricts Grok Image Editing After Sexualized AI Images Trigger Global Scrutiny

Elon Musks artificial intelligence company xAI announced new restrictions on its Grok AI chatbot after the platform generated sexualized and manipulated images that raised alarms among regulators worldwide. The move comes...

TSMC Set to Post Record Q4 Profit as AI Chip Demand Accelerates

Taiwan Semiconductor Manufacturing Co (TSMC), the worlds largest contract chipmaker and a critical supplier to Nvidia and Apple, is expected to deliver a record-breaking fourth-quarter profit, driven by surging global...

U.S. Lawmakers Raise Alarm Over Trump Approval of Nvidia AI Chip Sales to China

U.S. lawmakers and former national security officials are voicing strong concerns over President Donald Trumps decision to allow Nvidia to resume sales of its advanced H200 artificial intelligence chips to China, warning...