US-Iran Conflict Escalates Amid Oil Blockade and Rising Global Tensions 
Asian Stocks Slip as Oil Prices Surge and Fed Signals Inflation Risks 
Australia Inflation Surges in March as Fuel Prices Spike Amid Middle East Conflict 
Samsung Reports Record Profit as AI Boom Drives Memory Chip Demand 
Why Paycom Was Named a 2026 Platinum Employer on the Where You Work Matters List 
Pershing Square Raises $5 Billion in Landmark U.S. IPO and Share Placement 
AstraZeneca Q1 2026 Earnings Surge on Strong Oncology and Rare Disease Drug Sales 
WuXi AppTec Stock Surges on Strong Q1 Earnings and CRDMO Demand Growth 
Google Secures Pentagon AI Deal for Classified Projects 
Apple Q2 2026 Earnings Surge as iPhone 17 Sales Drive Record Revenue 
Asian Stock Markets Rise Amid Wall Street Rally and U.S.-Iran Tensions 
Starbucks Raises 2026 Outlook as Turnaround Strategy Boosts Sales and Earnings 
TSMC Exits Arm Holdings with $231 Million Share Sale Amid Strategic Portfolio Shift 
Gold Prices Hold Steady as Iran War and Interest Rate Outlook Weigh on Markets 
Standard Chartered Q1 Profit Hits Record on Wealth and Investment Banking Growth 
Markets Stay Strong Despite Oil Shock Concerns as Earnings Drive Investor Confidence 
Tokyo Inflation Slows Despite Energy Pressures and BOJ Policy Outlook 
The South Korean tech giant LG Electronics Inc. and Canadian auto parts maker Magna International Inc. are set to launch their electric vehicle (EV) powertrain joint venture LG Magna e-Powertrain Co. on July 1.
Magna will then acquire a 49 percent stake in the new firm for US$453 million.
Based on their ownership stake, three members of the board in the joint venture will be chosen by LG, while Magna will select two.
The two reportedly agreed that LG will appoint the CEO of the joint venture while sharing the chief financial officer position.
LG and Magna already established subsidiaries in Nanjing, China, and Michigan, the US, in April to expand its global supply chain.
Local analysts see the joint venture’s revenue to surpass 500 billion won this year.
LG expects the joint venture to post 50 percent annual sales growth from 2022 to 2025.
