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Tue, Dec 30, 2025 11:47 AM All times are UTC

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IBM president Jim Whitehurst leaving after just 14 months in the position

Jul 05, 2021 10:01 am UTC| Business Economy

IBM announced a major shake-up in the companys leadership. Last weekend it was announced that the company president, Jim Whitehurst, will be replaced after just 14 months. Fox Business reported that it was a surprising...

Jeff Bezos leaves Amazon CEO post with massive fortune

Jul 05, 2021 09:26 am UTC| Business Economy

Jeff Bezos is finally stepping down as Amazons chief executive officer. The worlds richest person is leaving his post on Monday, July 5, and now looking forward to other endeavors such as space travel. It was reported...

Ford’s sales plunged as chip shortage caused production delays

Jul 05, 2021 08:38 am UTC| Business Economy

Ford Motor Companys sales went down for the month of June. It was reported that this was caused by the chip shortage as the firm could not keep up with the demand due to a series of forced production stoppages. As per...

Citibank: Korean banks not interested in acquiring company’s Southeast Asian retail business

Jul 05, 2021 08:30 am UTC| Business Economy

Citibank Korea is selling its retail banking business, but it was reported that none of the local banks is interested in acquiring it. The reason cited for their indifference is the fact that none of them feel the...

Coupang probed by FTC for alleged tampering of algorithm on its platform

Jul 05, 2021 08:02 am UTC| Business Economy

Coupang was reportedly investigated by South Koreas Fair Trade Commission due to allegations that the e-commerce company tampered with algorithms so it can prioritize its own products. This was reported by insiders this...

Korea Shipbuilding wins 215.5 billion won LNG carrier order from Liberian firm

Jul 03, 2021 23:58 pm UTC| Economy Business

Korea Shipbuilding Offshore Engineering Co. (KSOE) bagged a 215.5 billion-won order for a liquefied natural gas (LNG) carrier from a Liberian company. The order calls for Hyundai Samho Heavy Industries Co., a KSOE...

LG seeks growth opportunities by investing 100 billion won in Kakao Mobility

Jul 03, 2021 23:56 pm UTC| Economy Business

LG Corp. will invest 100 billion won in Kakao Mobility Corp. to allow its affiliates, including LG Energy Solution Ltd. and LG Electronics Inc., to create synergy with Kakao Mobility and find new growth opportunities in...

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Economy

Forex Markets Hold Steady as Traders Await Fed Minutes Amid Thin Year-End Volumes

Major currencies traded within narrow ranges on Tuesday as subdued market conditions persisted amid thin year-end trading volumes. With many investors already sidelined ahead of the New Year holiday, activity across global...

Gold Prices Rebound in Europe as Geopolitical Tensions and Fed Outlook Support Bullion

Gold prices rose in European trading on Tuesday, rebounding after a sharp pullback from near record highs in the previous session, as year-end profit-taking eased and renewed geopolitical tensions boosted safe-haven...

Asian Markets Slip as Precious Metals Cool, Geopolitical Tensions Weigh on Sentiment

Asian stock markets edged lower on Tuesday, tracking losses on Wall Street as a pullback in technology shares dampened investor sentiment. Market liquidity remained thin due to a holiday-shortened trading week,...

South Korea Factory Output Misses Forecasts in November Amid Ongoing Economic Uncertainty

South Koreas factory output showed weaker-than-expected performance in November, highlighting continued uncertainty in the countrys industrial sector as global demand remains uneven. According to official data released...

Oil Prices Slip Slightly as Markets Weigh Geopolitical Risks and Supply Glut Concerns

Oil prices edged lower in early Tuesday trading after posting gains of more than 2% in the previous session, as commodity markets reacted to weakness in precious metals while remaining sensitive to escalating geopolitical...

Politics

Kremlin Says Ukrainian Drone Attack Hardens Russia’s Stance on Peace Talks

The Kremlin said on Tuesday that an alleged Ukrainian drone attack targeting a presidential residence in Russias Novgorod region would harden Moscows negotiating position on any potential peace deal to end the war in...

Najib Razak Files Appeal Against Latest 1MDB Corruption Conviction and 15-Year Sentence

Former Malaysian prime minister Najib Razak has filed an appeal against his latest corruption conviction linked to the multibillion-dollar 1MDB scandal, his lawyer confirmed on Tuesday. The appeal challenges both the...

Jazz Ensemble Cancels Kennedy Center New Year’s Eve Shows After Trump Renaming Sparks Backlash

A renowned veteran jazz group has become the latest artist to withdraw from performances at Washingtons Kennedy Center following its controversial renaming to include U.S. President Donald Trump. On Monday, the Cookers...

Boeing Secures $8.6 Billion Pentagon Contract for F-15 Jets for Israel

Boeing has been awarded an $8.6 billion defense contract by the United States Department of Defense for the F-15 Israel Program, marking one of the most significant recent foreign military sales agreements between...

U.S. Government Agrees to Review Frozen NIH Diversity Research Grants After Legal Challenge

The Trump administration has reached an agreement with researchers and Democratic-led states who filed a lawsuit over cuts to diversity-related research funding at the National Institutes of Health (NIH). The deal,...

Science

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...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

Samsung Electronics Secures Annual U.S. Licence for China Chip Equipment Imports in 2026

Samsung Electronics has obtained an annual licence from the United States government that allows the South Korean technology giant to import critical semiconductor manufacturing equipment into its China-based facilities...

Applied Digital Stock Rises on AI Cloud Spinoff Plan and ChronoScale Launch

Applied Digital (NASDAQ: APLD) shares climbed about 1.2% in after-hours trading on Monday after the company announced a proposed business combination designed to spin off its cloud computing operations into a new,...

Meta Acquires AI Startup Manus to Expand Advanced AI Capabilities Across Platforms

Meta has announced that it will acquire Manus, a Chinese artificial intelligence startup, marking another significant step in the companys aggressive push to expand its AI capabilities across both consumer and business...

China’s LandSpace Takes Aim at SpaceX With Reusable Rocket Ambitions

Chinas private rocket startup LandSpace is rapidly emerging as a key challenger in the global commercial space race, openly drawing inspiration from Elon Musks SpaceX while reshaping Chinas traditionally state-led space...

China Proposes Stricter Rules for AI Services Offering Emotional Interaction

Chinas top internet regulator has released draft regulations aimed at tightening oversight of artificial intelligence services that simulate human personalities and engage users emotionally, signaling a stronger push to...