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KG Mobility Unveils First Domestic All-Electric SUV, Torres EVX, Anticipating a September Launch

Jul 31, 2023 13:23 pm UTC| Economy Life Business

KG Mobility, formerly SsangYong Motor Co., revealed today its soon-to-be-released Torres EVX, a groundbreaking all-electric SUV, planned to debut in the domestic market this coming September. This marks the automakers...

Samsung, LG Electronics Make Debut Appearance at IAA Mobility 2023, Eyeing Electric Auto Sector

Jul 31, 2023 11:23 am UTC| Business Economy Technology

Samsung Electronics and LG Electronics, two leading South Korean tech giants, make their first appearance at the IAA Mobility 2023 in Messe Munich, Germany, Sept. 5-10, without Hyundai Motor. Aimed at showcasing their...

Hyundai, Kia See Impressive US Market Growth, Surpassing 10% Share in H1 2023 Despite EV Tax Credit Challenges

Jul 31, 2023 11:13 am UTC| Economy Investing Business

Hyundai and Kia sustain market momentum, capturing a combined U.S. market share of 10.6% in H1 2023, according to Automotive News. Their robust growth, fueled by strong vehicle sales and resilient EV performance, counters...

Ford Recalls Over 870,000 F-150 Pickups Over Brake Issue: Potential Crash Risk Alerted

Jul 31, 2023 10:54 am UTC| Business Economy

Ford Motor Company is recalling more than 870,000 F-150 pickup trucks from 2021 to 2023 models due to a potential parking brake malfunction that could unexpectedly activate, posing a crash risk. The recall follows 918...

Toyota Retains Top Auto Seller Crown Globally for 4th Year in H1 2023, Defying Industry Challenges

Jul 31, 2023 10:49 am UTC| Economy Life Business

Toyota Motor Corp solidifies its position as the worlds top auto seller for the first half of 2023, outpacing competitors and marking the fourth consecutive year of leadership. The robust sales performance was driven by...

Volvo Clinches Top Spot in South Korea's Imported Car Market, Excels in After-sales Service

Jul 31, 2023 10:19 am UTC| Economy Life Business

Surpassing well-established foreign brands, Volvo clinches the top spot in South Koreas imported automobile market, according to the Korea Economic Daily Imported Car Service Index (KICSI). With a score of 75.74 out of...

Samsung TV Plus Widens Sports Content by Adding FIFA+ In Time for the Women’s World Cup 2023

Jul 31, 2023 10:17 am UTC| Business Economy Life

Samsung TV Plus announced the expansion of its sports content offering on Monday, July 31. The free streaming live TV and on-demand service said it has added FIFA+ to its exclusive channel lineup as the FIFA Womens World...

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Economy

Gold Price Holds Above $4,130 as Fed Rate Outlook and Middle East Tensions Support Safe-Haven Demand

Gold prices remained resilient on Thursday, staying above the $4,130-an-ounce mark as investors continued buying on recent dips despite rising oil prices and growing expectations that the U.S. Federal Reserve could keep...

Asian Stocks Rally on AI Spending Optimism as Middle East Tensions Push Oil to Six-Week High

Asian stock markets advanced on Thursday as strong artificial intelligence (AI) investment plans from major U.S. technology companies boosted confidence in the regions semiconductor sector, while escalating conflict in the...

Australia Jobs Surge in June Strengthens Case for More RBA Rate Hikes

Australias labor market posted a stronger-than-expected performance in June, reinforcing expectations that the Reserve Bank of Australia (RBA) could raise interest rates again to curb persistent inflation. Data released by...

Oil Prices Rise as Houthi Attacks on Saudi Tankers Heighten Middle East Supply Fears

Oil prices extended their rally for a fifth consecutive session during Asian trading on Thursday as renewed geopolitical tensions in the Middle East fueled concerns over potential disruptions to global crude supplies. The...

South Korea Q2 GDP Beats Forecasts as AI Chip Exports Drive Growth

South Koreas economy expanded faster than expected in the second quarter of 2026, supported by resilient semiconductor exports as global demand for artificial intelligence (AI) technologies continued to boost the countrys...

Politics

Arizona Primaries Set High-Stakes Governor and House Battles Ahead of Midterm Elections

Arizonas Republican primary delivered major victories for candidates backed by U.S. President Donald Trump, setting up closely watched contests for governor and a key U.S. House seat in the November 3 midterm elections....

Amish Shah Wins Arizona Democratic Primary in Key U.S. House Race

Moderate Democrat Amish Shah has won the Democratic primary for Arizonas 1st Congressional District, according to media projections, setting up a closely watched general election contest that could play a significant role...

Trump Administration Opens Civil Rights Probes Into Five U.S. Medical Schools Over Admissions

The U.S. Department of Education has launched civil rights investigations into five medical schools over alleged racial discrimination in admissions, expanding President Donald Trumps campaign against diversity, equity,...

ASEAN Forum Puts Middle East Conflict, South China Sea Tensions in Spotlight

Top diplomats from Asia, Europe, and North America gathered in Manila on Thursday for the ASEAN Regional Forum (ARF), with the escalating Middle East conflict and South China Sea tensions expected to dominate discussions....

Rubio Rejects AI ‘Kill Switch’ Claims as U.S. Defends American Technology Abroad

U.S. Secretary of State Marco Rubio has directed American diplomats to push back against claims that the United States has a kill switch capable of shutting off access to U.S. technology products, according to a State...

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

Intel, AMD Seek Long-Term China Server CPU Deals as AI Demand Drives Supply Crunch

Intel and Advanced Micro Devices (AMD) are negotiating long-term purchase agreements with Chinese server customers as demand for data center processors continues to outpace supply, according to people familiar with the...

Alphabet Q2 Earnings Beat Estimates as AI Spending, Google Cloud Growth Fuel Outlook

Alphabet (NASDAQ: GOOGL) delivered stronger-than-expected second-quarter 2026 results, driven by rapid growth in Google Cloud and continued investment in artificial intelligence infrastructure. Despite beating Wall Street...

Elon Musk Fuels SpaceX-Tesla Merger Speculation After Earnings Call

The possibility of a merger between Tesla (NASDAQ: TSLA) and SpaceX gained fresh attention after Teslas second-quarter earnings call, with Deepwater Managements Gene Munster increasing the odds of a deal taking place in...

IBM Q2 Earnings Miss Estimates as Software Growth Offsets Infrastructure Weakness

International Business Machines (NYSE: IBM) reported second-quarter 2026 earnings that missed Wall Street expectations, although its shares gained about 3% after the company had already warned investors about weaker...

OpenAI Australia Data Center Switches Cooling Strategy After Recycled Water Plan Fails

OpenAIs planned mega data center in Australia will rely on a more energy-intensive cooling system after developers abandoned plans to use recycled water, according to a Reuters report published Thursday. The change comes...