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Fast fashion: how retailers can use pandemic to change our terrible relationship with clothes

Jun 14, 2020 12:06 pm UTC| Business

Even before the pandemic, the UK fashion retail industry was struggling. John Lewis, MS and Debenhams had all announced losses, job cuts and store closures, while House of Fraser was taken over. Since lockdown, Oasis and...

Samsung Expected to Boost Market Share in Foundries to 18.8% in 2Q

Jun 12, 2020 19:13 pm UTC| Business

Samsung Electronics Co.s market share in the foundry business was estimated at 18.8 percent in the April-June period, up 2.9 percent from the previous three months due to the growth in the 5G smartphone market. Industry...

Celltrion to Acquire Asia-Pacific Business of 18 Takeda Drugs for 332.4-B Won

Jun 12, 2020 11:26 am UTC| Business

South Korean biopharmaceutical firm Celltrion Inc. will acquire the patent, trademark, and sales rights for 18 brands of Japans Takeda Pharmaceutical in Asia-Pacific for 332.4 billion won. The company will pursue the...

LG Electronics to Develop Service Robot Technologies with Woowa Brothers, KIRIA

Jun 12, 2020 07:23 am UTC| Business

LG Electronics Inc. will develop service robot solutions with local partners Woowa Brothers Corp. and Korea Institute for Robot Industry Advancement by November. The firms would develop technologies related to serving...

Buffet Scammers in Thailand Sentenced to 14 Centuries of Jail Time

Jun 11, 2020 15:53 pm UTC| Business

The Criminal Court sentenced the owners of a seafood restaurant in Thailand to 14 centuries in prison for scamming customers into paying in advance for all-you-can-eat meals that were never served. Apichat Bancharak and...

Andrey Khovratov Launches NEEW Project

Jun 11, 2020 11:24 am UTC| Business

Andrey Khovratov, the renowned investor, business coach and personal business trainer with over 25 years of experience, has recently announced the launch of a new educational and investment program. NEEW, or New Economic...

Gyros Chrysoulis (Einvestment) on How has Covid-19 Impacted Wealth Managment Industry?

Jun 11, 2020 11:19 am UTC| Business

Author: Gyros Chrysoulis, Managing Director of EInvestment Company With the coronavirus still spreading in the US, Brazil, and other regions of the world, the global economy has taken a sharp nosedive, the likes of...

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Economy

Asian Stocks Slide as Trump-Greenland Tensions and Japan Election Jitters Rattle Markets

Asian stocks declined broadly on Tuesday, extending sharp losses from the previous session as investors remained cautious amid rising geopolitical tensions and political uncertainty. Regional markets were unsettled by...

Bank of Japan Signals Cautious Path Toward Further Rate Hikes Amid Yen Weakness

The Bank of Japan (BOJ) is widely expected to raise its economic growth forecast this Friday and signal its readiness to tighten monetary policy further, as persistent yen depreciation and expectations of solid wage growth...

China Holds Loan Prime Rates Steady in January as Market Expectations Align

China kept its benchmark lending rates unchanged for the eighth consecutive month in January, signaling a continued cautious approach to monetary policy amid a fragile economic recovery. The decision, announced on Tuesday,...

Dollar Slides to One-Week Low as White House Threats Spark ‘Sell America’ Trade

The U.S. dollar weakened to its lowest level in a week during early trading on Monday as renewed geopolitical tensions involving the White House and the European Union triggered a broad selloff across U.S. financial...

South Korea Economy Shows Weak Q4 2025 Growth as Domestic Demand Falters

South Koreas economy recorded minimal growth in the final quarter of 2025, as weak domestic demand and slowing private investment continued to weigh on overall activity, according to a Reuters poll of economists. While...

Politics

Russian Drone and Missile Attack Disrupts Power and Water in Kyiv

Russian forces carried out a large-scale combined drone and missile attack on Ukraines capital, Kyiv, early Tuesday, causing significant disruptions to essential infrastructure and injuring at least one person, according...

Trump Administration Appeals Judge’s Order Limiting ICE Tactics in Minneapolis

The Trump administration has filed an appeal against a federal judges ruling that restricts certain tactics used by U.S. immigration agents during enforcement operations in Minneapolis, escalating tensions surrounding...

Syrian Government Consolidates Control as Kurdish Forces Withdraw from Key Regions

Syrian government troops tightened their control over large parts of northern and eastern Syria on Monday after Kurdish-led forces abruptly withdrew, marking a major shift in the countrys balance of power. The pullback by...

Ukraine Unveils New Drone-Based Air Defence Strategy Amid Rising Russian Threats

Ukraine is overhauling its air defence system by introducing a new operational approach centered on mobile groups using interceptor drones, as the country prepares for potential large-scale Russian attacks. President...

Guatemala Declares State of Siege After Deadly Gang Violence and Prison Hostage Crisis

Guatemalas president, Bernardo Arévalo, declared a 30-day state of siege after a wave of gang-related violence erupted following a dramatic prison hostage crisis that left at least seven police officers dead and 10...

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

Micron to Buy Powerchip Fab for $1.8 Billion, Shares Surge Nearly 10%

Shares of Taiwans Powerchip Semiconductor Manufacturing Corp jumped nearly 10% on Monday following news that U.S. memory chip giant Micron Technology plans to acquire one of Powerchips fabrication facilities in Taiwan,...

Tesla Revives Dojo Supercomputer Project With AI5 Chip at the Core

Tesla Inc (NASDAQ: TSLA) is set to restart development of its next-generation supercomputer, Dojo3, marking a renewed push into artificial intelligence infrastructure. Tesla CEO Elon Musk confirmed on Sunday that work on...

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...

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...

Digital Currency