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Doosan to build $2.4 billion hydropower plant in Laos

Nov 30, 2020 19:54 pm UTC| Business

Doosan Heavy Industries Construction Co (DHIC) has signed a deal with Korea Western Power Co. to build a US$2.4 billion hydropower plant in Laos under an engineering, procurement, and construction set up. The...

KT's 9 billion won investment to help reduce dependence on overseas suppliers

Nov 30, 2020 19:27 pm UTC| Business

KT Corp. will invest 9 billion won over the next three years to help its local suppliers manufacture homegrown materials and parts and reduce its reliance on overseas suppliers amid the pandemic. South Korean telecom...

Facebook to foray further in e-commerce with acquisition of Kustomer

Nov 30, 2020 17:57 pm UTC| Business

Facebook acquired customer service startup Kustomer for a reported $1 billion to foray further into e-commerce. Kustomer will boost Facebooks nascent messaging business, which is including customer-service products that...

Qantas to cut 2,000 ground staff jobs as it turns to outsourcing

Nov 30, 2020 17:23 pm UTC| Business

Qantas will outsource over 2,000 ground staff roles in an effort to save about $74 million annually, leading to more job cuts after the 6,000 announced earlier. The move would also help it avoid buying $59 million worth...

Global Geopolitics Series

US to blacklist China's SMIC and CNOOC

Nov 30, 2020 17:15 pm UTC| Business

The US is poised to add Chinas top chipmaker SMIC and national offshore oil and gas producer CNOOC to a blacklist of alleged Chinese military companies, curbing their access to U.S. investors. It was reported earlier...

Global Geopolitics Series

UK prohibits installing Huawei 5G kit from September 2021

Nov 30, 2020 17:09 pm UTC| Business

The UK demanded that its local telecommunications firms cease installing Huawei 5G kit after September 2021 as part of a plan to purge the Chinese firms equipment from high-speed mobile networks. The country has already...

S. Korea warned about China's attempts to 'steal' cultural assets such as Kimchi

Nov 30, 2020 16:28 pm UTC| Business

Experts warned South Korea to be vigilant over Chinas attempts to claim rights over cultural assets, pointing out that Chinese media reports claiming that China won certification for its kimchi-making process did not come...

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Economy

South Korea Seeks Favorable U.S. Tariff Terms on Memory Chip Imports

South Korea is moving to secure favorable treatment from the United States on tariffs affecting memory chip imports, following recent trade actions announced by the U.S. government. A spokesperson from South Koreas...

Russia Stocks End Mixed as MOEX Index Closes Flat Amid Commodity and Currency Moves

Russian stocks finished the latest trading session mixed after the close on Saturday, as gains in select blue-chip shares were offset by declines in energy and technology names. By the end of trading in Moscow, the MOEX...

EU Ambassadors Hold Emergency Talks as Trump Threatens Tariffs Over Greenland Dispute

Ambassadors from the European Unions 27 member states are set to gather on Sunday for an emergency meeting following escalating tensions with the United States, after U.S. President Donald Trump threatened a new wave of...

Macron Warns EU Will Respond to U.S. Tariff Threats Over Greenland

French President Emmanuel Macron has strongly criticized recent tariff threats reportedly made by U.S. President Donald Trump concerning Greenland, warning that Europe will not tolerate economic intimidation and will...

Trump Administration Pushes Rollback of Vehicle Emissions Rules to Lower Car Prices

Senior officials from the Trump administration are promoting major changes to U.S. auto policy, arguing that rolling back vehicle emissions regulations will help lower car prices and address affordability concerns for...

Politics

Pentagon Prepares Troops for Possible Minnesota Deployment Amid Deportation Protests

The Pentagon has placed roughly 1,500 active-duty U.S. Army soldiers on prepare-to-deploy status amid escalating protests in Minnesota linked to the federal governments immigration enforcement campaign, according to U.S....

Pedro Sánchez Warns U.S. Greenland Move Could Undermine NATO and Benefit Russia

Spanish Prime Minister Pedro Sánchez has warned that any attempt by the United States to invade or forcibly acquire Greenland would seriously damage NATO unity and ultimately benefit Russian President Vladimir...

U.S. Military Kills Al Qaeda-Linked Leader Connected to Deadly ISIS Attack in Syria

U.S. military forces have killed a senior al Qaeda affiliate leader in Syria who was directly linked to a recent Islamic State (ISIS) attack that targeted American personnel, according to a statement released by U.S....

JD Vance to Lead U.S. Presidential Delegation at Milano Cortina Winter Olympics Opening Ceremony

United States Vice President JD Vance will lead the American presidential delegation to the opening ceremony of the Milano Cortina Winter Olympics, President Donald Trump announced on Saturday. The highly anticipated...

DOJ Urges Judge to Block Lawmakers’ Bid for Special Master in Jeffrey Epstein Records Case

The U.S. Justice Department has formally asked a New York federal judge to reject a request by two bipartisan lawmakers seeking court oversight of the public release of records related to the late financier and convicted...

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

South Korea Sees Limited Impact From New U.S. Tariffs on Advanced AI Chips

South Koreas trade minister said a newly announced U.S. tariff on certain advanced computing chips is expected to have only a limited short-term impact on South Korean companies, while cautioning that future measures could...

Elon Musk Seeks $134 Billion in Lawsuit Against OpenAI and Microsoft Over Alleged Wrongful Gains

Elon Musk has escalated his legal battle against OpenAI and Microsoft, seeking up to $134 billion in damages over what he claims are wrongful gains stemming from his early involvement in the artificial intelligence...

China Halts Shipments of Nvidia H200 AI Chips, Forcing Suppliers to Pause Production

Suppliers producing key components for Nvidias H200 artificial intelligence chips have reportedly paused production after Chinese customs authorities blocked shipments of the newly approved AI processors from entering...

California Attorney General Orders xAI to Halt Illegal Grok Deepfake Imagery

California Attorney General Robert Bonta has issued a cease-and-desist letter to Elon Musks artificial intelligence company xAI, demanding an immediate stop to the creation and distribution of AI-generated nonconsensual...

TikTok Expands AI Age-Detection Technology Across Europe Amid Rising Regulatory Pressure

TikTok is set to roll out new age-detection technology across Europe in the coming weeks, as the popular social media platform faces increasing regulatory scrutiny over child safety and age verification. The move follows a...