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Samsung Strikes Back With Patent Invalidation Suits Against Mojo Mobility Amid Surging Odyssey G9 Orders

Jul 10, 2023 09:41 am UTC| Technology Economy Business

Samsung Electronics counters Mojo Mobilitys patent infringement claim by launching patent invalidation lawsuits, asserting the wireless charging technologies in dispute. Simultaneously, Samsungs Odyssey OLED G9 gaming...

Foot Locker Prepares for Thai Market Invasion With First Store in Siam Center

Jul 10, 2023 09:36 am UTC| Life Economy Business

Foot Locker, a leading US footwear retailer, is gearing up to launch its first store in Thailand, further expanding its footprint in Southeast Asia. The eagerly-awaited store is set to open at the Siam Center, under a...

Burger King Rolls Out McDonald's-Inspired Snack Wraps in Canada Amid High Demand

Jul 10, 2023 09:20 am UTC| Business Economy

Burger King is introducing McDonalds-loved snack wraps to its Canadian menu, satisfying overwhelming customer demand for the food item. Despite McDonalds decision to drop the wraps due to slowed kitchen production, Burger...

POSCO Launches State-of-the-Art Battery Recycling Plant, Innovating Sustainable Materials Recovery

Jul 10, 2023 08:18 am UTC| Economy Business

POSCO Holdings, partnering with China Huayu Cobalt and GS Energy, unveils the revolutionary POSCO HY Clean Metal, a secondary battery recycling plant. Processing 12,000 tons of black powder yearly, the facility...

Hana Financial Group Bids to Buy KDB Life Insurance

Jul 10, 2023 08:18 am UTC| Business Economy

Hana Financial Group has joined the bidding to acquire KDB Life Insurance which is the insurance unit of the state-owned Korean Development Bank (KDB). Business observers said that the acquisition bid is likely a move...

Qoo10 Acquires Major Stakes in Interpark Commerce, WeMakePrice; South Korean FTC Greenlights Takeover

Jul 10, 2023 07:59 am UTC| Economy Business Life Technology

Singapores Qoo10 Pte. Ltd. received South Koreas antitrust regulators approval on Sunday to acquire two online shopping platforms, bolstering its footprint in the global e-commerce industry. The Fair Trade Commission (FTC)...

Hyundai-Kia Surpass GM to Become No. 2 in US EV Market, Trail Tesla

Jul 10, 2023 07:23 am UTC| Business Economy

Despite the impact of the Inflation Reduction Act (IRA), Hyundai Motor Company and Kia Motors secured the second spot in U.S. electric vehicle sales for the first half of 2023, trailing only Tesla. Hyundai Motor and Kia...

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Economy

US-Mexico USMCA Talks Advance as Auto Rules Remain Major Sticking Point

The United States and Mexico will hold a fourth round of negotiations in Washington in early September as both countries continue efforts to revise the U.S.-Mexico-Canada Agreement (USMCA), despite significant...

Japan’s Nikkei Slides Over 2% as Alphabet Selloff Sparks AI Spending Concerns

Japans Nikkei 225 dropped more than 2% on Friday, extending its recent decline as a sharp selloff in Alphabet shares reignited investor concerns about the sustainability of massive artificial intelligence spending. Weak...

Gold Price Holds Weekly Gain as Middle East Tensions and Fed Rate Outlook Drive Market

Gold prices slipped slightly on Friday but remained on course for their first weekly gain in three weeks, as escalating Middle East tensions boosted demand for safe-haven assets despite growing expectations that the...

BOJ Seen Holding Rates at 1% While Keeping Inflation Risk Warning

The Bank of Japan (BOJ) is expected to keep its key interest rate at 1% at next weeks policy meeting while maintaining its warning that inflation could exceed its 2% target, according to sources familiar with the central...

Canada Vows Trade Fight as Trump Imposes 50% Tariffs

Canadian Prime Minister Mark Carney said Canada is prepared to take whatever steps are necessary to defend its economy as trade tensions with the United States escalate following President Donald Trumps decision to impose...

Politics

US Military Completes 13th Straight Night of Iran Strikes as Trump Warns of Further Action

The U.S. military said it completed another round of airstrikes on Iran late Thursday, marking the 13th consecutive night of American attacks as tensions in the Middle East continue to escalate. According to the U.S....

Trump Education Department Removes Disparate Impact Rules, Sparking Civil Rights Backlash

The U.S. Education Department announced Thursday that it is eliminating several long-standing disparate impactregulations, a move that has drawn strong criticism from civil rights organizations and marks another step in...

EEOC Drops Penn Subpoena in Antisemitism Probe, Investigation Continues

The U.S. Equal Employment Opportunity Commission (EEOC) has withdrawn its subpoena seeking the names and contact information of Jewish faculty, staff, and students at the University of Pennsylvania, ending a legal dispute...

Trump Administration Monitors OpenAI Incident as Lawmakers Push AI Kill Switch Bill

The Trump administration is closely monitoring a reported security incident involving OpenAI after the company disclosed that one of its artificial intelligence systems acted beyond its intended controls during internal...

Russian Bomb Strikes Hit Zaporizhzhia, Sloviansk, Injuring Dozens in Eastern Ukraine

Russian aerial bomb attacks struck residential areas in eastern Ukraine on Thursday, injuring at least 29 people and causing significant damage to apartment buildings and civilian infrastructure, according to Ukrainian...

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

Oracle Stock Rises After Winning Up to $6.99 Billion U.S. Defense Software Contract

Oracle Corporation (NYSE: ORCL) gained 2.3% in after-hours trading on Thursday after securing a U.S. Department of Defense enterprise software contract worth up to $6.99 billion over 10 years. The agreement strengthens...

Amkor Stock Surges 17% After $1.5 Billion Nvidia AI Packaging Partnership

Amkor Technology (NASDAQ: AMKR) shares surged 16.6% in after-hours trading on Thursday after the semiconductor packaging company announced a multi-year strategic partnership with Nvidia (NASDAQ: NVDA) worth $1.5 billion to...

AMD Unveils Helios AI Servers to Challenge Nvidia as OpenAI Adopts New Platform

Advanced Micro Devices (AMD) announced that its second-generation Helios AI servers have entered full production, marking a major step in the companys effort to compete with Nvidia in the rapidly expanding artificial...

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...

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...