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MSCI set to pull out five Chinese firms from the global index to comply with Donald Trump’s EO 13959

Jan 27, 2021 08:39 am UTC| Business Economy

MSCI Inc. revealed this week that it will be pulling out five Chinese companies from its global equity index. The American finance company headquartered in New York City stated that the removal will begin on Jan. 27 since...

S. Korea fines 7 local steelmakers 300 billion won over price collusion

Jan 26, 2021 23:59 pm UTC| Economy Business

The Korea Fair Trade Commission (KFTC) fined Hyundai Steel Co. and six other steelmakers a combined 300 billion won for colluding to fix the purchase price of steel scrap. It marked the fourth-largest amount of fines...

Starbucks suffers 5% dip in quarterly sales

Jan 26, 2021 23:57 pm UTC| Economy Business

Starbucks Corp. reported a 5 percent drop in sales in the first quarter ending Dec. 27, more than analysts estimates of a 3.4 percent decline, as the soaring number of coronavirus cases in the United States kept customers...

S. Koreans spend 12.2 trillion won on top food delivery services in 2020

Jan 26, 2021 23:52 pm UTC| Economy Business

South Koreans spent 12.2 trillion won on the countrys top two food delivery services, Baedal Minjok and Yogiyo, last year, up 75 percent from 6.95 trillion won in 2019, according to the data from industry tracker...

Toyota seeks simplification of Indian laws to improve ease of doing business

Jan 26, 2021 23:45 pm UTC| Business Law Economy

Toyota Kirloskar Motor (TKM) is seeking for a simplification of Indian laws to improve ease of doing business, roll out of scrappage policy, and lowering of customs duties on imported vehicle parts in the upcoming Union...

UBS Q4 profit jumps 137% to $1.7 billion

Jan 26, 2021 23:39 pm UTC| Economy Business

UBS posted a fourth-quarter net profit of $1.708 billion, representing a 137 percent increase, as high levels of client activity helped the worlds largest wealth manager end 2020 on a strong note. Consequently, it far...

Hyundai eyes 4.8 percent market share in US with help of new EVs, SUVs

Jan 26, 2021 23:28 pm UTC| Economy Business

Hyundai Motor Co expects to boost its market share in the US from 4.4 percent last year to 4.8 percent this year with the launch of its new electric cars and sports utility vehicles (SUVs), according to its Senior Vice...

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Economy

Vietnam Central Bank Faces Challenges Meeting 2026 Economic Growth Target Amid Global Uncertainty

Vietnams central bank is expected to face significant challenges in achieving the countrys ambitious economic growth target of more than 10% in 2026, largely due to external pressures such as global monetary tightening and...

China LNG Imports Rise in December as Long-Term Contracts Drive Growth

Chinas seaborne imports of liquefied natural gas (LNG) are expected to reach around 7.17 million tons in December, according to shipping data tracked by Kpler. This projected volume represents a modest year-on-year...

Asian Stock Markets Trade Narrowly as Year-End Volumes Thin, KOSPI Outperforms on Tech Rally

Asian stock markets moved mostly sideways on Monday as thin year-end trading volumes and reduced investor participation kept activity muted across the region. With many global investors already having completed year-end...

Hong Kong Home Prices Rise for Sixth Straight Month as Rate Cuts Lift Market Sentiment

Hong Kong private home prices continued their steady recovery in November, rising for the sixth consecutive month as lower interest rates and a strong stock market helped improve buyer confidence. According to government...

Trump Says Ukraine Peace Deal ‘Closer,’ But Key Disputes Remain Unresolved

Following talks with Ukrainian President Volodymyr Zelensky, former US President Donald Trump stated a possible peace agreement on Ukraine is closer, citing a lot of progress toward a possible conclusion of the conflict....

Politics

Trump and Zelenskiy Signal Progress Toward Ukraine Peace Deal, Donbas Still Unresolved

U.S. President Donald Trump said he and Ukrainian President Volodymyr Zelenskiy are moving very close to a potential agreement to end the war in Ukraine, following high-level talks at Trumps Mar-a-Lago resort in Florida....

Trump–Netanyahu Talks Aim to Revive Gaza Ceasefire and Address Iran, Hezbollah Tensions

U.S. President Donald Trump is expected to push for progress on the stalled Gaza ceasefire when he meets Israeli Prime Minister Benjamin Netanyahu on Monday, according to statements from Israeli officials. The high-level...

FBI Surges Resources to Minnesota Amid Fraud Investigations Linked to Somali Community

The Federal Bureau of Investigation has surged additional investigative resources and personnel to Minnesota, according to FBI Director Kash Patel, marking a significant escalation in federal fraud investigations that have...

Australia Orders Independent Review After Bondi Mass Shooting, Albanese Resists Royal Commission Calls

Australian Prime Minister Anthony Albanese has announced an independent review into the countrys law enforcement and security agencies following the deadly Bondi mass shooting, as pressure mounts on the government to...

South Korea Prosecutor Alleges Former First Lady Kim Keon Hee Abused Power for Bribes

A special prosecutor in South Korea has concluded that Kim Keon Hee, the wife of former President Yoon Suk Yeol, interfered in state affairs in exchange for expensive gifts and money, according to findings announced on...

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

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...

Nvidia and Groq Strike Strategic AI Inference Licensing Deal

Reports earlier this week suggested that Nvidia (NASDAQ: NVDA) had agreed to acquire AI chip startup Groq in a $20 billion all-cash transaction. However, updated details clarify that the arrangement is not a traditional...

TSMC Honors Japanese Chip Equipment Makers With 2025 Supplier Awards

Several leading Japanese semiconductor equipment manufacturers have been recognized with 2025 Supplier Awards from Taiwan Semiconductor Manufacturing Company (TSMC), highlighting their growing importance in the global chip...

Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance

NVIDIA (NASDAQ: NVDA) has reportedly agreed to acquire Groq, a fast-growing designer of high-performance artificial intelligence accelerator chips, in a $20 billion all-cash transaction, according to a CNBC report. The...