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Toyota, Honda, Isuzu, Mitsubishi to Invest $4.34 Billion in Thailand Over 5 Years

Dec 26, 2023 05:28 am UTC| Business

Major Japanese auto manufacturers, including Toyota, Honda, Isuzu, and Mitsubishi, are set to invest 150 billion baht ($4.34 billion) in Thailand over the next five years. This move by the automakers supports Thailands...

MBK Partners’ Hankook & Company Acquisition Bid Collapses; Investigation on Advance Trading In the Offing

Dec 26, 2023 05:12 am UTC| Business

MBK Partners, a private equity firm focusing on business in North Asia, has failed to acquire Hankook Company Co., Ltd. Its bid to buy a controlling stake in the Seoul-headquartered battery manufacturing firm, which is...

Maersk Shipping Company to Resume Red Sea Operations

Dec 25, 2023 10:20 am UTC| Business

Maersk Line, a Danish shipping company, is set to resume its operations in the Red Sea after its business was halted by the attacks directed at its ships. The firm said shipments sailing through the Gulf of Aden will also...

Hyundai E&C-Led Consortium Wins $2.4 Billion Contract to Build Shin-Hanul Reactors in South Korea

Dec 25, 2023 10:08 am UTC| Business

A Hyundai EC-led consortium has secured a whopping 3.1 trillion won ($2.4 billion) contract with Korea Hydro Nuclear Power (KHNP) to construct Shin-Hanul reactors 3 and 4 in Uljin, North Gyeongsang Province. This...

Hybe BTS Group Agency Plans to Duplicate K-pop Production System in the US

Dec 25, 2023 10:04 am UTC| Business

Hybe Corporation is planning to expand its entertainment business further in the United States. As part of its expansion move, the company will attempt to replicate the success of K-pop in the United States by introducing...

Manchester United Agrees to Sell Stake Ownership to Jim Ratcliffe

Dec 25, 2023 10:02 am UTC| Business

Manchester United Football Club, a professional soccer club based in Old Trafford, Greater Manchester, England, has sold 25% of its stake ownership to British billionaire Sir James Arthur Ratcliffe. He is the chairman...

BNP Paribas, HSBC Slapped with Record $20.3 Million Fine for Illegal Short Selling Transactions in South Korea

Dec 25, 2023 09:59 am UTC| Business Law

BNP Paribas and HSBC have faced severe penalties from South Koreas top financial regulator, the Financial Services Commission (FSC). This comes as a consequence of engaging in illegal short selling transactions over an...

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Economy

Australia Extends Fuel Sulphur Relaxation Amid Iran War Supply Disruptions

Australia has extended its temporary easing of fuel-quality standards through September, as ongoing disruptions from the Iran war continue to strain the countrys fuel supply chains. Energy Minister Chris Bowen confirmed...

IMF Warns Middle East War to Deepen Economic Divide Across Latin America and Caribbean

The ongoing Middle East conflict is expected to widen economic inequality across Latin America and the Caribbean, according to the International Monetary Fund. While oil-exporting nations stand to gain short-term...

Asian Currencies Hold Steady Amid Iran Peace Talks and BOJ Rate Hike Uncertainty

Asian currencies traded in a narrow range on Friday as investors remained cautious ahead of further U.S.-Iran peace negotiations, while the Japanese yen slipped after the Bank of Japans governor signaled little urgency to...

South Korea's Capital Markets Rebound as Foreign Investors Return

South Koreas financial markets are staging a powerful comeback, drawing foreign investors back after a turbulent March that saw billions in capital flee. A combination of easing Middle East tensions, surging demand for AI...

U.S. and Philippines to Build 4,000-Acre Tech Hub Under Pax Silica Initiative

The United States and the Philippines are set to develop a massive 4,000-acre (1,620 hectares) industrial hub as part of a growing Washington-led effort to secure global AI and semiconductor supply chains. The announcement...

Politics

UNICEF Condemns Killing of Aid Workers Delivering Water in Gaza

The United Nations childrens agency UNICEF has expressed outrage following the fatal shooting of two contracted truck drivers who were delivering clean water to families in the Gaza Strip. The deadly incident occurred on...

Iran Reopens Strait of Hormuz Amid Fragile Ceasefire and Ongoing Nuclear Tensions

Iran has temporarily reopened the Strait of Hormuz to commercial shipping following a U.S.-brokered ceasefire between Israel and Lebanon, sparking cautious optimism in global markets. However, Tehran issued a stark warning...

Trump Teases Imminent Release of UFO Documents After Government Review

President Donald Trump announced Friday that his administrations review of classified UFO-related materials has uncovered a number of interesting documents, with the first batch expected to be made public very soon....

South Korea Denies U.S. Intelligence Restrictions Over North Korean Nuclear Site Disclosure

South Koreas Unification Ministry stated Friday it has no knowledge of any formal U.S. protest or intelligence-sharing restrictions, following media reports suggesting Washington expressed frustration over a cabinet...

Peru Election 2025: Vote Count Delays Spark Calls to Remove Electoral Chief

Pressure is mounting on Perus electoral authority amid a slow and controversial vote count following the April 12 presidential election. Piero Corvetto, head of the National Office of Electoral Processes (ONPE), is facing...

Science

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

Technology

Iran’s AI memes are reaching people who don’t follow the news – and winning the propaganda war

A Lego-style Iranian military commander raps over a gangster beat: Our inbox is flooded with Americans saying they dont watch the news. They listen to our songs instead since your media is full of shit. This is the opening...

OpenAI's $20 Billion Cerebras Deal Signals Massive AI Infrastructure Push

OpenAI is reportedly set to spend over $20 billion with AI chip startup Cerebras over the next three years, marking a significant expansion of an already substantial computing partnership. According to The Information, the...

Tesla's Terafab: AI Chip Factory Eyes Taiwan's Semiconductor Talent

Tesla is actively recruiting semiconductor engineers in Taiwan for its ambitious Terafab project a fully vertically integrated AI chip manufacturing facility that aims to consolidate logic, memory, packaging, testing, and...

Japan to Subsidize Sony's Image Sensor Plant in Kumamoto with $380 Million

The Japanese government has announced plans to provide Sony with subsidies of up to 60 billion yen, equivalent to approximately $380 million, to support the construction of an image sensor manufacturing facility in...

NiSource Signs Long-Term Energy Deals with Alphabet and Amazon to Power Indiana Data Centers

NiSource, a U.S. utility company, has secured a long-term energy supply agreement with an Alphabet subsidiary to power a major data center in northern Indiana. The announcement also included an expanded partnership with...