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Sun, Jan 04, 2026 05:34 AM All times are UTC

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CJ Group investing ₩20 trillion to amplify K-food, content, and other businesses

May 31, 2022 09:19 am UTC| Business Economy

CJ Group, one of the biggest conglomerates in South Korea, announced a new investment scheme this week to beef up some of its businesses. The company is reportedly spending around ₩20 trillion or about $16 billion for its...

Stellantis, Toyota expands partnership for commercial vans in Europe

May 31, 2022 09:08 am UTC| Business Economy

Stellantis and Toyota Motor Europe, the operating subsidiary that oversees operations of the Toyota Motor Corp. in Europe and western Asia, have signed a new deal to expand their tie-up and bring large commercial vans to...

Metaverse: Kakao to begin trial for metaverse work system for employees’ WFH setup

May 31, 2022 08:27 am UTC| Business Economy

Kakao Corp. is set to test its metaverse work system that will allow its employees to work remotely. As part of the new setup, company staff will be required to work from home at least four days per week starting on July...

South Korea to remove tariff on food imports

May 31, 2022 08:01 am UTC| Business Economy

South Korea announced that it would be lifting tariffs on food imports to improve the standard of living in the country. On Monday, May 30, the local government revealed a special package to help fulfill the aim of making...

Mastercard appoints Korea’s division president to lead the Northeast Asian business unit

May 31, 2022 07:49 am UTC| Business Economy

Mastercard made a new executive appointment to have someone who will lead an entire region. On Monday, the financial firm announced that Choi Dong Chun has been tasked to be the division president not just in South Korea...

Nike, Tom Sachs collaborates for General Purpose Shoe release

May 31, 2022 07:38 am UTC| Business Economy

Nike and Tom Sachs created the Mars Yard shoe that was designed specifically for scientists and space explorers who are aiming to visit and walk on Mars. They made the footwear through the NikeCraft project, and they are...

Burger King adds Natalie Portman-backed La Vie vegan bacon to menu in France

May 31, 2022 04:10 am UTC| Life Economy Business

Burger King France is partnering with French vegan pork startup La Vie Foods to add its bacon to menus exclusive to the French market for six months. As of May 24, La Vie entered 430 Burger King restaurants,...

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Economy

Venezuela Oil Exports Grind to a Halt as U.S. Oil Embargo Takes Full Effect

Venezuelas oil exports have effectively come to a standstill after months of declining shipments triggered by sweeping U.S. sanctions and an intensified oil embargo announced by U.S. President Donald Trump. According to...

Fed’s Anna Paulson Signals Rate Cuts May Come Later as Inflation Cools and Labor Market Stabilizes

Federal Reserve Bank of Philadelphia President Anna Paulson said on Saturday that additional U.S. interest rate cuts may not happen immediately, as policymakers assess how the economy responds following an aggressive...

Argentina Sells Dollars to Stabilize Peso as New FX Trading Rules Take Effect

Argentinas Treasury intervened in the foreign exchange market on Friday by selling U.S. dollars in an effort to curb the pesos decline, marking the first trading session under the countrys newly implemented currency...

U.S. Stock Market Mixed at Close as Dow Gains and Nasdaq Slips

U.S. stocks finished mixed after the close on Friday as strength in energy, industrials, and basic materials helped support blue-chip shares, while losses in consumer-focused and technology sectors weighed on broader...

Mexico Stocks End Lower as IPC Slips on Sector Losses

Mexican stocks closed lower on Friday as broad-based declines across key sectors weighed on overall market performance. The benchmark SP/BMV IPC index ended the session down 0.36%, reflecting investor caution amid losses...

Politics

Cuba Condemns U.S. Actions in Venezuela as Tensions Rise in the Region

Cuban President Miguel Díaz-Canel has sharply criticized the United States over what he described as an attack on Venezuela and the capture of its president, escalating political tensions across Latin America....

U.S. Airline Flight Cancellations Surge After Venezuela Military Operation and FAA Airspace Closures

Major U.S. airlines canceled hundreds of flights on Saturday after a sudden military operation in Venezuela led to the capture of President Nicolás Maduro, triggering widespread airspace restrictions across parts of...

Trump’s Mar-a-Lago Stay Marked by Venezuela Strike, Social Media Barrage, and Marble Shopping

U.S. President Donald Trump capped the holiday season with a dramatic and unprecedented military operation targeting Venezuelan leader Nicolas Maduro, approving a surprise snatch-and-grab mission early Saturday while...

U.S. Captures Venezuela’s President Nicolas Maduro, Sparking Global Backlash

The United States launched a dramatic military operation against Venezuela, capturing its long-serving president Nicolas Maduro and triggering widespread international controversy. U.S. President Donald Trump announced...

North Korea Launches Ballistic Missile as Regional Tensions Rise Ahead of Diplomatic Talks

North Korea has once again heightened regional tensions after firing a ballistic missile toward the sea off its east coast, according to a statement released Sunday by South Koreas Joint Chiefs of Staff. The missile is...

Science

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...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Technology

Grok AI Controversy on X Sparks Global Outrage Over Nonconsensual Images

A growing controversy surrounding Grok, the artificial intelligence chatbot built into Elon Musks social media platform X, has triggered international concern over the misuse of AI-generated images and the failure to...

Reddit Emerges as a Major Winner in the Shift to AI-Powered Search

Reddit is increasingly being recognized as a major beneficiary of the global shift from traditional search engines to AI-generated answers, according to a recent analysis from brokerage firm Needham. As artificial...

Trump Blocks HieFo’s Emcore Chip Assets Deal Over National Security Concerns

President Donald Trump has issued an executive order blocking HieFo Corp. from acquiring semiconductor-related assets from Emcore Corp., citing serious national security risks tied to foreign ownership and sensitive chip...

Grok AI Faces Global Scrutiny Over Safeguard Failures and Illegal Content on X

Elon Musks artificial intelligence chatbot Grok, developed by xAI and integrated into social media platform X, has come under intense international scrutiny after admitting that lapses in safeguards led to the generation...

Baidu Shares Surge as Company Plans Kunlunxin AI Chip Spin-Off and Hong Kong Listing

Baidu shares jumped sharply after the Chinese technology giant announced plans to spin off its artificial intelligence chip unit, Kunlunxin, and pursue a listing in Hong Kong. The move comes as domestic Chinese chipmakers...