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Samsung Heavy expands net loss in Q1 by 308 billion won

May 05, 2021 20:00 pm UTC| Economy Business

Samsung Heavy Industries Co.s net loss expanded to 535.9 billion won in the first quarter from a net loss of 227 billion won a year ago due to the COVID-19 pandemic and a surge in prices of steel plates. The...

Lavazza extends sponsorship of Ascot Racecourse for 3 years

May 05, 2021 18:45 pm UTC| Economy Business

Lavazza renewed its long-standing sponsorship relationship with Ascot Racecourse for another three years, allowing racegoers to enjoy the Italian coffee brand when spectators return to the Royal Ascot and all Ascot...

Hyundai eyes share of Europe's high-end EV market with its Genesis brand

May 05, 2021 18:26 pm UTC| Economy Business

Hyundai Motor will launch the Genesis brand in Europe this summer, initially, the G80 sedan and the GV80 SUV, to gain a share in the high-end and electric vehicle markets. The South Korean carmaker will also introduce...

AirAsia's fresh produce platform to set up warehouse in Sabah state capital

May 05, 2021 18:12 pm UTC| Economy Business

Airasia farm will set up a 557-meter warehouse in the city of Kota Kinabalu in the second quarter to serve as a Digital Agri Center, cold chain facility, office space, and training space for farmers and small and medium...

South Africa keen on promoting its apples in China and India

May 05, 2021 18:02 pm UTC| Economy Business

South Africas deciduous fruit industry body Hortgro is running its first campaign promoting its apples in China, as it has for many years done in Europe, and will hopefully start its campaign in India this month. The...

Omnivore setting up $150 million funding for Indian agritech

May 05, 2021 16:14 pm UTC| Economy Business

Agritech venture capital firm Omnivore is setting up a new $150 million fund to be invested in tech-driven, predictive crop insights to help improve productivity and profitability for Indian farmers. Mark Kahn, a...

Kraft Heinz sued for claiming bagel pizzas contain enough 'real' cheese and tomato sauce

May 05, 2021 10:53 am UTC| Economy Business

Kraft Heinz Foods Company has been sued in a US District Court for allegedly deceiving customers by claiming that its Bagel Bites tiny pizzas have real mozzarella cheese and tomato sauce. The complaint states that using...

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Economy

Australia Treasurer Backs RBA Governor’s Support for Fed Chair Jerome Powell Amid Independence Concerns

Australias Treasurer Jim Chalmers has publicly backed Reserve Bank of Australia (RBA) Governor Michele Bullock after she joined a group of global central bank leaders in expressing solidarity with U.S. Federal Reserve...

Asian Currencies Trade Narrowly as US Dollar Holds Near Six-Week High on Strong Data

Most Asian currencies traded within tight ranges on Friday, while the U.S. dollar remained firm near a six-week high, supported by strong U.S. economic data and fading expectations for imminent Federal Reserve rate cuts....

Canada–China Strategic Partnership Signals Reset With Historic Economic Potential

Canada and China are moving toward a renewed strategic partnership that could deliver historic economic gains by building on the complementary strengths of both nations, Canadian Prime Minister Mark Carney said during...

Malaysia Economy Posts Strong Q4 2025 Growth on Domestic Demand Boost

Malaysias economy recorded a solid expansion of 5.7% year-on-year in the fourth quarter of 2025, according to official advance estimates released on Friday, marking its fastest growth pace in more than a year. The robust...

Retail Investors Crowd Into Silver as Prices Surge to Record Highs

Individual investors are buying silver at an unprecedented pace, turning the metal into one of the most crowded commodity trades in global markets, according to a new report from Vanda Research. Over the past 30 days...

Politics

U.S. and Mexico Reaffirm Security Partnership Amid Calls for Stronger Border Action

Mexican Foreign Minister Juan Ramón de la Fuente and U.S. Secretary of State Marco Rubio held a high-level call on Thursday focused on security cooperation and the future of the U.S.-Mexico partnership, according to...

Former South Korean President Yoon Suk Yeol Faces Historic Court Ruling Over Failed Martial Law Attempt

Former South Korean President Yoon Suk Yeol is set to face his first court ruling on Friday in a landmark criminal case tied to his failed attempt to impose martial law, a political crisis that stunned the nation and drew...

Schumer Urges Trump to Halt ICE Raids, Citing Fear in U.S. Cities

U.S. Senate Democratic Leader Chuck Schumer sharply criticized Immigration and Customs Enforcement operations during a meeting with President Donald Trump on Thursday, warning that ongoing ICE raids in major U.S. cities...

U.S.–Taiwan Trade Deal Spurs $500 Billion Semiconductor Investment in America

A new U.S. trade deal with Taiwan is set to significantly reshape the global semiconductor landscape, with massive investments aimed at strengthening chip manufacturing in the United States. According to Commerce Secretary...

Trump Pushes Gaza Demilitarization Deal With Backing From Egypt, Turkey, and Qatar

U.S. President Donald Trump said on Thursday that Egypt, Turkey, and Qatar are backing his push for a comprehensive demilitarization agreement with Hamas, as Washington moves forward with the next phase of its plan to end...

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 Appoints Former Microsoft Executive Irina Ghose to Lead India Expansion

Artificial intelligence startup Anthropic has appointed former Microsoft executive Irina Ghose as its Managing Director of India, signaling a major push into one of the worlds fastest-growing AI markets. The appointment...

TSMC Shares Hit Record High as AI Chip Demand Fuels Strong Q4 Earnings

Taiwan Semiconductor Manufacturing Company (TSMC) shares surged to a record high in Taipei trading on Friday, underscoring strong investor confidence driven by robust fourth-quarter earnings and sustained demand from the...

Federal Judge Clears Way for Jury Trial in Elon Musk’s Fraud Lawsuit Against OpenAI and Microsoft

A federal judge in Oakland, California, has rejected renewed attempts by OpenAI and Microsoft to dismiss a high-profile lawsuit filed by Elon Musk, allowing the case to proceed to a jury trial starting April 27. The ruling...

Publishers Seek to Join Lawsuit Against Google Over Alleged AI Copyright Infringement

Major publishing companies Hachette Book Group and Cengage Group have formally asked a California federal court for permission to intervene in a proposed class action lawsuit against Google, intensifying the ongoing legal...

China’s AI Models Narrow the Gap With the West, Says Google DeepMind CEO

Chinas artificial intelligence capabilities are rapidly catching up to those of the United States and other Western nations, according to Demis Hassabis, CEO of Google DeepMind. Speaking on a CNBC podcast, Hassabis said...