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SsangYong Motor Blames Production, Sales Woes for Record Q1 Loss

May 18, 2020 09:11 am UTC| Business

SsangYong Motor Co. suffered a net loss of 193.54 billion won in the first quarter, posting a drastic disparity from its 26.12 billion won net loss a year ago. The company attributed the poor performance, which...

T'Way Air's Flights to Croatia to be a First for S. Korean LCCs

May 18, 2020 09:03 am UTC| Business

TWay Air Co. will start operating flights to Croatia four times a week, becoming the first South Korean low-cost carrier (LCC) to serve the route. The license was among those distributed by the Ministry of Land,...

Major S. Korean Business Groups Boost Q1 Spending by 22%

May 18, 2020 09:00 am UTC| Business Economy

South Koreas 59 major business groups increased spending in the first quarter of the year by 22 percent to reach 21.78 trillion won from 17.84 trillion won a year earlier. The data was based on the expenditures of 373...

How to Raise Your Bankroll at Online Casinos?

May 15, 2020 10:43 am UTC| Business

Our bankroll is not always dependent on the amount we deposit in the game from our pocket. There are some other ways to get it built, and external investments can be a great solution allowing you to keep your money safe...

Charity promotion in 2020 – How Tom Baskind strategizes to help market non-profits

May 15, 2020 10:37 am UTC| Business

When marketing isnt your primary responsibility, it can be daunting and time-consuming to come up with a marketing plan for a charity. You need to promote your non-profit organization in an era when visual content exceeds...

HMM Reduce Q1 Losses on Increased Charges, Decreased Costs

May 15, 2020 10:35 am UTC| Business

Hyundai Merchant Marine (HMM) Co.s net losses narrowed to 65.6 billion won in the first quarter from 178.5 billion won a year earlier due to increased shipping charges, decreased operating costs, and securing high-value...

When To Go For A New Car Or Buy A Old One?

May 15, 2020 10:26 am UTC| Business

Buying a brand-new car does have a lot of advantages and a lot more choice. But buying a pre-owned car can save thousands of bucks upfront and in the long time run. Buying a new car can be enticing. But you should have a...

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Economy

India–EU FTA Nears Finish Line Ahead of New Delhi Summit

With most discussions over before the January 27 New Delhi summit of the leaders, India and the European Union are nearing finalization of their much anticipated Free Trade Agreement. Although the official signing will...

Gold Price Hits Record High as Geopolitical Tensions Fuel Safe-Haven Demand

Gold prices surged to a fresh record high during Asian trading on Tuesday, extending a powerful rally as investors sought safety amid heightened geopolitical uncertainty and a weaker U.S. dollar. Bullion remained firmly...

Japanese Government Bond Yields Surge to Record Highs Amid Election and Fiscal Fears

Long-dated Japanese government bond (JGB) yields surged to record highs on Tuesday, rattling global fixed-income markets as investors reacted to mounting political and fiscal uncertainty ahead of a potential February...

Asian Currencies Trade Narrowly as Dollar Slips on Trump-Greenland Tensions

Most Asian currencies traded within a tight range on Tuesday, while the U.S. dollar edged lower as renewed geopolitical concerns dampened investor appetite for American assets. Market sentiment turned cautious after U.S....

Australia’s Second-Largest Pension Fund Boosts Currency Hedging Amid Weaker U.S. Dollar Outlook

Australias second-largest pension fund, Australian Retirement Trust (ART), has announced it is reducing its exposure to the U.S. dollar by increasing currency hedging, as global investors reassess their U.S. allocations...

Politics

Supreme Court Tests Federal Reserve Independence Amid Trump’s Bid to Fire Lisa Cook

The U.S. Supreme Court is once again at the center of a high-stakes legal battle with major economic implications, as it considers the legality of President Donald Trumps attempt to fire Federal Reserve Governor Lisa Cook....

Trump Revives Greenland Ownership Push Ahead of World Economic Forum in Davos

U.S. President Donald Trump has once again reignited debate over Greenland, reiterating his long-standing call for American ownership of the Arctic territory just days before attending the World Economic Forum (WEF) in...

Trump Says Greenland Is Key to Global Security After Call With NATO Chief

U.S. President Donald Trump said on Tuesday that he held a very good telephone conversation with NATO Secretary General Mark Rutte, during which they discussed issues of global security, including the strategic importance...

Trump Threatens 200% Tariff on French Wine Over Macron’s Refusal to Join Peace Board

U.S. President Donald Trump has sparked fresh controversy after saying he would impose a 200% tariff on French wines and champagnes, linking the move to French President Emmanuel Macrons refusal to join his proposed Board...

Minnesota U.S. Citizen Detained by ICE in Armed Raid Sparks Outrage and Civil Rights Concerns

A Minnesota mans traumatic encounter with U.S. Immigration and Customs Enforcement has ignited renewed debate over immigration enforcement practices and civil rights under the Trump administration. ChongLy Thao, 56, a...

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...
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