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Thu, Apr 23, 2026 02:43 AM All times are UTC

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Five Guys to open its first restaurant in South Korea

Mar 07, 2023 09:41 am UTC| Business Economy

Five Guys Enterprises, LLC, an American fast-food restaurant chain, is set to open its very first outlet in South Korea. The famous burger and hot dog sandwich brand picked Gangnam in Seoul to be the location of its first...

Louis Vuitton’s LVMH parent company names Stephane Rinderknech as new CEO in leadership reshuffle move

Mar 07, 2023 09:14 am UTC| Business Economy

LVMH, the parent company of Louis Vuitton, revealed a leadership reshuffle for its beauty division as competition in this business sector heats up. As part of the shake-up, the French luxury brand announced it has...

SPC Samlip launches bakery business in Thailand via Siam Makro joint venture

Mar 07, 2023 08:31 am UTC| Business Economy

SPC Samlip, a South Korean food company, announced this week it has signed a memorandum of understanding (MOU) with Siam Makro to enter the Thai bakery market through a joint venture. The companies will set up a JV, and...

Pulmuone expands vegan business with the launch of second restaurant in S. Korea

Mar 07, 2023 08:09 am UTC| Business Economy

Pulmuone, a Seoul-headquartered company that makes plant-based foods, is expanding its vegan business in the country by opening another vegan restaurant that it has named Plantude. According to Aju Business Daily,...

HYBE in stronger position after court blocks SM Entertainment’s share sale to Kakao

Mar 07, 2023 07:25 am UTC| Business Economy

HYBE has taken the upper hand after the latest court decision blocked SM Entertainments plans to sell stakes to Kakao. The Seoul Eastern District Court released an injunction order late last week which prevents the latter...

Samsung SDI, General Motors join forces to set up EV battery plant in US

Mar 07, 2023 05:53 am UTC| Business Economy

Samsung SDI, the battery manufacturing arm of the Samsung Group, has teamed up with General Motors to build a new electric vehicle battery plant in the United States. Through their alliance, the companies are spending $3.8...

NFL, Raiders sued for allegedly threatening law firm with trademark infringement over Super Bowl ad

Mar 06, 2023 23:46 pm UTC| Sports Law Economy Business

Lsas Vegas-based personal injury lawyer Steve Dimopoulos has filed a federal lawsuit against the NFL and the Las Vegas Raiders after they allegedly threatened him with heightened legal penalties due to his Super Bowl LVII...

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Economy

Global Energy Crisis: Iran Conflict Triggers Record Oil Supply Shock

The ongoing U.S.-Israeli conflict with Iran has triggered an unprecedented global energy crisis, marked by the largest daily oil supply disruption in history. The closure of the Strait of Hormuz has significantly reduced...

U.S. Freezes Dollar Transfers to Iraq, Pressures Government Over Iran-Backed Militias

The United States has reportedly halted U.S. dollar shipments to Iraq and paused key security cooperation programs as part of a broader effort to pressure Baghdad into addressing the influence of Iran-backed militias...

Asian Stocks Mixed as Tech Shares Decline While Japan’s Nikkei Hits Record High

Asian stock markets showed mixed performance on Wednesday as technology stocks weakened, reflecting overnight losses on Wall Street, while Japans benchmark Nikkei 225 reached a new record high. Investors remained cautious...

Japan Exports Surge for Seventh Month as AI Demand Offsets Middle East Trade Disruptions

Japans exports extended their growth streak for a seventh consecutive month in March, driven largely by strong global demand linked to artificial intelligence (AI) and data center expansion. According to government data,...

Oil Prices Slip Amid Iran Ceasefire Extension, Hormuz Disruptions Keep Markets Tense

Oil prices edged lower during volatile Asian trading on Wednesday as U.S. President Donald Trump announced an indefinite extension of the ceasefire with Iran. While the move raised hopes for continued peace talks, ongoing...

Politics

Trump Administration Proposes New Rule to Limit Joint Employer Liability

The Trump administration has introduced a proposed rule that could significantly reshape how companies are held accountable for labor violations involving contractors and franchise workers. Announced by the U.S. Department...

RFK Jr. Faces Scrutiny Over David Geier’s HHS Role and Vaccine Review Work

U.S. Health Secretary Robert F. Kennedy Jr. told lawmakers this week that he is open to sharing details about David Geiers contract with the Department of Health and Human Services (HHS), signaling growing scrutiny over...

U.S. Intercepts Iranian Oil Tankers in Asian Waters Amid Rising Global Energy Crisis

The United States military has intercepted multiple Iranian-flagged oil tankers in Asian waters, escalating tensions in an already volatile geopolitical environment. According to shipping and maritime security sources, at...

US Urges Iran to Transfer Enriched Uranium as Ceasefire Talks Continue

The United States is increasing pressure on Iran during ongoing negotiations, with the White House stating that Tehran must agree to transfer its enriched uranium to the U.S. as part of efforts to maintain stability and...

Syrian Asylum Rejections Rise in Europe as Minority Safety Concerns Persist

A growing number of Syrian asylum seekers are facing rejection across Europe despite ongoing security concerns, particularly among minority groups. After the fall of former President Bashar al-Assad and the end of Syrias...

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

Meta Expands AI Training With Employee Activity Tracking Tools

Meta is advancing its artificial intelligence strategy by introducing new internal tracking software designed to capture employee interactions on workplace systems. The initiative, known as the Model Capability Initiative...

SK Hynix to Invest $13 Billion in AI Chip Packaging Facility

South Koreas SK Hynix is accelerating its push into the artificial intelligence semiconductor market with a major new investment aimed at strengthening its global competitiveness. The company announced plans to invest...

Nvidia Pushes 800V Data Center Power Systems to Boost Efficiency and Cut Costs

NVIDIA Corporation (NASDAQ: NVDA) is reportedly exploring next-generation data center power solutions by engaging major South Korean power equipment manufacturers to develop higher-voltage infrastructure. According to The...

LG Innotek Stock Hits Record High on $68M Automotive Wi-Fi 7 Deal

LG Innotek shares surged to an all-time high on Wednesday, fueled by strong investor confidence following the companys latest automotive supply agreement with a European partner. The Seoul-listed stock (KS:011070) climbed...

Samsung Boosts DRAM Supply to Tesla as AI-Driven Memory Demand Surges

Samsung Electronics Co Ltd (KS:005930) has significantly increased its monthly DRAM shipments to Tesla Inc (NASDAQ:TSLA), reflecting the growing demand for advanced memory solutions in electric vehicles and artificial...