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Nissan, Mitsubishi to release ultra-small EV

May 24, 2022 00:21 am UTC| Economy Business Life

Nissan Motor Co. and Mitsubishi Motors Corp. will release an ultra-small electric vehicle this summer, which can be as affordable as its gasoline-powered counterparts at 1.5 million yen. The metropolitan governments...

Number of S. Korean metaverse users plummets with easing of social distancing rules

May 24, 2022 00:09 am UTC| Business Economy Technology

The number of South Korean metaverse platform users has plunged after the easing of COVID-19 social distancing measures, The number of weekly active users (WAU) for Roblox from May 9 to 15 stood at 773,678, down 17.8...

J.M. Smucker recalls Jif peanut butter products over possible salmonella contamination

May 23, 2022 10:02 am UTC| Business Economy

The J.M. Smucker Company issued a recall for some of its Jif peanut butter products due to possible Salmonella contamination in the United States. The food manufacturer said that the bottles of the peanut spread were sold...

Netflix’s Scanline VFX subsidiary to inject $100M to build special effects facilities in South Korea

May 23, 2022 09:39 am UTC| Business Economy

Netflixs subsidiary, Scanline VFX, announced it is investing $100 million in South Korea to set up its special visual effects facilities. The company said the funds would be distributed over the next six years. The...

GM announces appointment of new CEO for its Korean unit

May 23, 2022 09:16 am UTC| Business Economy

General Motors announced it has appointed Roberto Rempel as the new president and chief executive officer of its Korean unit. Prior to this assignment, he was the president of GM Technical Center Korea (GMTCK), General...

Pepsi unveils cola-infused pepperoni pizza creation

May 23, 2022 08:32 am UTC| Business Economy

Pepsi launched the Pepsi-Roni Pizza as it capitalizes on its successful promotion of food collaborations under the Better with Pepsi slogan. Using this banner, the company has been associating its soda with popular...

Indonesia terminates the controversial palm oil export ban

May 23, 2022 08:15 am UTC| Business Economy

Indonesias President Jokowi Widodo said late last week that it will be lifting the ban on palm oil export starting today, Monday, May 23. The leader said that they now have enough supplies of cooking oil to control wild...

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Economy

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...

China Ends Contraceptive Tax Exemption to Boost Birth Rates

China has ended a three-decade-old tax exemption on contraceptive drugs and devices, a move aimed at addressing the countrys rapidly declining birth rate. Starting January 1, condoms, contraceptive pills, and related...

Gold Prices Surge at Start of 2026 as Weak Dollar and Rate-Cut Bets Fuel Demand

Gold prices jumped sharply during Asian trading on Friday, marking a strong start to 2026 after a historic rally last year. Renewed demand for bullion was driven by a weaker U.S. dollar and growing expectations that U.S....

Politics

Short Interest Rises in Trump Media Stock After $6 Billion Merger Announcement

Short interest in U.S. President Donald Trumps social media company, Trump Media Technology Group, has surged following a major merger announcement, signaling that a growing number of traders are betting the stock could...

Trump Warns of U.S. Action as Iran Protests Intensify Amid Economic Crisis

U.S. President Donald Trump has escalated tensions with Iran after warning that the United States is prepared to support Iranian protesters if security forces continue to fire on demonstrators. The comments came as...

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...

New York Mayor Zohran Mamdani Revokes Eric Adams Executive Orders Amid Political and Antisemitism Debate

New York City Mayor Zohran Mamdani on Friday defended his decision to revoke a series of executive orders issued by his predecessor, former Mayor Eric Adams, following Adams 2024 federal indictment. The move has reignited...

U.S. Appeals Court Rules California Open Carry Firearm Ban Unconstitutional

A U.S. federal appeals court has ruled that Californias long-standing ban on openly carrying firearms in most parts of the state violates the Second Amendment, marking a significant development in ongoing legal battles...

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 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...

Starlink Plans Satellite Orbit Reconfiguration in 2026 to Boost Space Safety

SpaceXs Starlink is preparing a major reconfiguration of its satellite constellation in an effort to improve space safety and reduce the risk of orbital collisions. According to Michael Nicolls, SpaceXs vice president of...

Samsung Signals Comeback With HBM4 Chips as AI Market Heats Up

Samsung Electronics is signaling a strong comeback in the high-bandwidth memory (HBM) market, as customers praise the competitiveness of its next-generation HBM4 chips. In a New Year address, co-CEO and head of the...

Google Accelerates AI Infrastructure With Ironwood TPU Expansion in 2026

Google (NASDAQ: GOOGL) is preparing for a major expansion of its AI infrastructure in 2026 as it moves its seventh-generation Tensor Processing Unit (TPU), known as Ironwood, into mass deployment. This next phase marks a...
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