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Joey Feste Discusses the Impact of COVID-19 on Emerging Markets

Apr 30, 2020 06:49 am UTC| Business

Coronavirus has brought everyone to their knees, from individuals to countries and economies. Strong market competitors are now facing the possibility of a global recession, and it brings to mind the emerging global...

Hyosung, Linde to Build World's Largest Liquid Hydrogen Plant

Apr 30, 2020 04:40 am UTC| Business

Hyosung Group and the Linde Group are set to build the worlds largest liquid hydrogen plant capable of producing 13,000 tons a year. The two companies have signed an MOU to invest 300 billion won by 2023 to create a...

Surge in Tourists Expected in Jeju Island During Extended Holiday

Apr 30, 2020 04:37 am UTC| Business

Jeju Island is stepping up quarantine measures as it prepares for a surge in the number of incoming tourists during an extended holiday this week. Close to 180,000 tourists are expected to visit. South Koreas longest...

Lotte Shopping Intensifies E-Commerce Drive with Integrated Website

Apr 30, 2020 04:35 am UTC| Business

Lotte Shopping Co. on Tuesday launched its integrated online shopping website Lotte ON, which would help it compete with major e-commerce operators. With Lotte ON, the shopping giant integrated websites of its eight...

Mirae Asset Threatens to Terminate $5.8B Hotel Deal With Anbang

Apr 30, 2020 04:34 am UTC| Business

Mirae Asset Global Investments said it is waiting for Anbang Insurances official explanation of why it had not fulfilled all the requirements needed to close a $5.8 billion hotel deal. A letter has been sent to Anbang...

Daewoo Engineering & Construction's Q1 Profits Up 25.3%

Apr 30, 2020 04:34 am UTC| Business

Daewoo Engineering and Construction (EC) attributed its first-quarter net profit increase of 25.3 percent to its cost-cutting efforts in its civil business division and plant division. The builder posted a net profit of...

Doosan May Get W800 B Financial Support After Unveiling Self-Rescue Plan

Apr 30, 2020 04:34 am UTC| Business

Doosan Group will sell assets and reduce costs to secure 3 trillion won and improve the financial structure of its struggling Doosan Heavy Industries. Main creditors have accepted the groups so-called self-rescue plan,...

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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...

Digital Currency

Grant Cardone's Bitcoin Empire: Real Estate Cash Flow Fuels Massive BTC Accumulation

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