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FSS Investigates KB Kookmin Bank for Insider Trading Scandal

Aug 24, 2023 11:40 am UTC| Economy Law Business

The Financial Supervisory Service (FSS) raided KB Kookmin Banks Seoul headquarters, investigating its employees alleged illicit stock trading activities using undisclosed information. According to the FSS, these...

Pepsi Marks 125th Year with '125 Days' Campaign, Exclusive NYC Diner

Aug 24, 2023 11:08 am UTC| Business Economy Life

Pepsi is celebrating its 125th birthday, and ahead of the occasion, it has launched its 125 days of campaign filled with various events. This will run starting this month until December, and one of the anticipated events...

Digital Currency Revolution

US Targets Tornado Cash Founders in $1B North Korean Crypto Laundering Case

Aug 24, 2023 10:54 am UTC| Economy Digital Currency Law Business

Federal authorities charge two in a billion-dollar cryptocurrency laundering scheme, linking them to illicit North Korean activities. The case highlights the increasing challenge of policing cybercrimes in a rapidly...

Beijing Hyundai Lists Chongqing Plant for Sale Amid Strategy Shift in China

Aug 24, 2023 10:39 am UTC| Economy Business

Beijing Hyundai Motor, a collaboration between Hyundai and BAIC Motor Corp., is selling its Chongqing plant for 3.68 billion yuan ($505 million), signaling a major strategic overhaul in response to Chinas evolving...

Peloton Shares Dives as 20,000 Members Cancel Subscriptions Amid Exercise Bike Recall

Aug 24, 2023 10:37 am UTC| Business Economy

Peloton Interactive Inc. lost around 20,000 subscribers, and this caused its stock price to dive sharply. The cancellation of subscriptions happened at a time when customers were waiting for their recalled exercise bikes...

SK On, Mercedes-Benz Execs Meet Up to Discuss EV Business Cooperation

Aug 24, 2023 10:36 am UTC| Business Economy

SK Group and Mercedes-Benz may reveal new partnership deals later as senior executives of both companies have met up this week to discuss business. It was reported that Chey Jae Won, the vice chairman of the SK Group who...

Posco E&C, LG Electronics Join Hands Customize Appliances for Home Remodeling

Aug 24, 2023 09:57 am UTC| Business Economy

Posco EC, formerly known as Posco Engineering and Construction, and LG Electronics Inc. said this week that they will work together to allow home appliance customization for apartment remodeling. The two companies agreed...

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Economy

Gold Price Surges Above $4,100 as Middle East Tensions Boost Safe-Haven Demand

Gold prices extended their rally on Wednesday, climbing above the key $4,100-an-ounce level as investors sought safe-haven assets amid escalating Middle East tensions and growing concerns over global energy supplies....

US Stock Exchanges Face Earnings Test as Trading Boom Meets Crypto Competition

U.S. exchange operators are set to begin reporting quarterly earnings this week, with investors expected to focus on whether strong trading activity can offset mounting concerns over regulatory changes and rising...

India FMCG Q1 Earnings Preview: Higher Input Costs Likely to Weigh on Profit Margins

Indias leading fast-moving consumer goods (FMCG) companies are expected to report weaker first-quarter profit margins as rising raw material costs, driven by the Iran conflict and higher crude oil prices, offset the...

Saudi Oil Tankers Reverse Course as Houthi Threats Disrupt Red Sea Shipping

Two oil tankers carrying Saudi crude to Asia reversed course in the Red Sea after Yemens Iran-backed Houthi movement threatened to target vessels transporting Saudi oil, raising fresh concerns over global energy supplies...

Pakistan Seeks $10 Billion U.S. Exchange Stabilization Fund to Boost Forex Reserves

Pakistan has asked the United States for a $10 billion exchange stabilization facility to strengthen its foreign exchange reserves and reduce pressure on the Pakistani rupee, according to a Reuters report citing a source...

Politics

Rubio Urges Global Isolation of Nicaragua After Ortega Vows to End Elections

U.S. Secretary of State Marco Rubio has urged the international community to increase pressure on Nicaragua after President Daniel Ortega announced that the country would no longer hold elections, a move that has drawn...

US-Backed Pediatric HIV Treatment Drops After Foreign Aid Changes, Study Finds

Around 77,000 fewer children worldwide received HIV treatment supported by the United States in the fiscal year ending October 2025 compared with the previous year, according to research presented at the AIDS 2026...

US, Solomon Islands Deepen Ties as Peace Corps Set to Return After 25 Years

The United States is strengthening its relationship with the Solomon Islands by reviving the Peace Corps program and expanding development assistance, signaling Washingtons continued focus on the strategically important...

US Sends First Humanitarian Aid Flight to Cuba Under $100M Assistance Plan

The United States has launched the first humanitarian aid flight to Cuba under a newly announced $100 million assistance initiative, marking a significant step in Washingtons effort to provide direct relief to the Cuban...

Rubio to Meet Wang Yi as Trump-Xi Summit Plans Advance Amid Election Meddling Dispute

U.S. Secretary of State Marco Rubio is set to meet Chinese Foreign Minister Wang Yi in Manila this week, a key diplomatic engagement that could pave the way for a highly anticipated summit between U.S. President Donald...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

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...

Technology

Wistron Opens $700M Texas AI Factory to Build Nvidia Superchips in U.S.

Taiwan-based Wistron Corp. (TW:3231), one of Nvidias leading manufacturing partners, has officially opened its first U.S. production facility in Fort Worth, Texas, marking a significant milestone in the expansion of...

Wistron Opens $700M Texas AI Factory to Build Nvidia GB300 Superchips

Taiwan-based Wistron Corp., a major Nvidia supplier, has opened its first U.S. manufacturing facility in Fort Worth, Texas, investing $700 million to expand artificial intelligence infrastructure production as global...

Super Micro Computer Stock Jumps 20% After Record AI Orders and Margin Surge

Super Micro Computer (NASDAQ: SMCI) stock soared about 20% in after-hours trading on Tuesday after the AI server maker released a stronger-than-expected preliminary update for its fiscal fourth quarter, highlighting a...

US, China to Hold AI Talks Ahead of Xi’s September Visit

The United States and China are preparing to hold high-level artificial intelligence (AI) talks in September, marking the first official AI dialogue between the two countries under President Donald Trumps administration....

Morgan Stanley Downgrades Adobe, Workday as AI Transition Raises Growth Concerns

Morgan Stanley adopted a mixed outlook on the software sector on Tuesday, turning bearish on Adobe (NASDAQ: ADBE) and Workday (NASDAQ: WDAY) while maintaining an overall positive view of the industry. The investment bank...