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HanmiGlobal buys Manchester’s Walker Sime construction consultancy firm

Jul 14, 2022 10:30 am UTC| Business

HanmiGlobal, a South Korean construction engineering company, has acquired the Manchester-based construction consultancy firm Walker Sime. The company said that the goal of the acquisition is to widen its presence in the...

Dunamu investing ₩500B to create 10,000 new jobs

Jul 14, 2022 10:07 am UTC| Business Economy

Dunamu, one of South Koreas leading fintech companies and operator Upbit crypto exchange, revealed it would be investing about ₩500 billion or $380 million in the next five years and generate 10,000 new jobs for the...

Victoria's Secret slashes 160 management jobs for restructuring

Jul 14, 2022 09:54 am UTC| Business Economy

Victorias Secret Co announced on Tuesday this week that it will slash management roles in the company, and around 160 workers are affected. This is said to be equivalent to five percent of the companys workers, including...

Lego shuts down business in Russia, 90 workers to lose jobs

Jul 14, 2022 09:47 am UTC| Business Economy

Lego, the maker of plastic construction toys headquartered in Denmark, has terminated its franchise contract with a local store operator in Russia as it announced it would be shutting its business there. According to...

PepsiCo may implement price hikes on its products as raw material costs soar

Jul 14, 2022 08:23 am UTC| Business Economy

PepsiCo said this week that it might impose higher prices for its snack and soda products. The beverage and snack maker revealed its products may get pricier because of the increasing cost of raw materials and steady...

Naver, Coupang under probe for suspected antitrust violations

Jul 14, 2022 07:56 am UTC| Business Economy

Naver and Coupang are two of the leading companies in South Korea, and it was revealed this week that they are under investigation. Based on the reports, the countrys Fair Trade Commission (FTC) launched a probe due to...

Burger King appoints new chief digital officer in US, Canada

Jul 14, 2022 07:46 am UTC| Business Economy

Burger King has a new chief digital officer after hiring Thibault Roux for the job. Starting July 18, he will be the fast-food chains CDO in the United States and Canada. As per Restaurant Dive, Roux will be joining...

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Economy

U.S. and EU Strengthen Critical Minerals Partnership to Reduce China Dependence

The United States and the European Union have taken a major step toward strengthening their supply chains for critical minerals, aiming to reduce reliance on China and boost advanced manufacturing capabilities. On Friday,...

Global PCB Prices Surge Amid Middle East Conflict and Supply Chain Disruptions

The ongoing conflict in the Middle East is sending shockwaves through the global electronics industry, driving up prices of printed circuit boards (PCBs) and disrupting the supply of critical raw materials. PCBs are...

Asian Currencies Rise Ahead of BOJ and Fed Meetings as Dollar Softens

Asian currencies strengthened on Monday while the U.S. dollar edged lower, as investors shifted focus to upcoming policy meetings by the Bank of Japan (BOJ) and the Federal Reserve. Market sentiment remained cautious due...

BOJ Rate Decision in Focus as Yen, Inflation, and Nikkei Hang in Balance

The Bank of Japan (BOJ) is widely expected to keep interest rates unchanged at its April 28 policy meeting, maintaining the benchmark short-term rate at 0.75%. This would mark the third consecutive pause following a 25...

Asian Stock Markets Rally as Japan and South Korea Hit Record Highs Amid Oil Price Concerns

Asian stock markets opened the week on a positive note, with major indices in Japan and South Korea reaching record highs, supported by strong momentum from U.S. equities. However, gains across the region were tempered by...

Politics

US Envoy Urges Taiwan to Approve Defense Budget Amid Rising China Tensions

The United States top diplomat in Taiwan has called on the islands opposition-led parliament to approve a comprehensive defense budget, emphasizing the urgent need for advanced military systems such as integrated air and...

Erdogan Condemns White House Correspondents’ Dinner Shooting, Voices Support for Trump

Turkish President Recep Tayyip Erdogan expressed strong support for former U.S. President Donald Trump following a shocking shooting incident at the White House Correspondents Association dinner. According to an official...

Trump Gala Security Scare: Suspect Arrested After Attempted Attack on U.S. Officials

A dramatic security incident at a high-profile Washington gala has raised serious concerns about the safety of U.S. officials and the growing threat of political violence. Authorities arrested a 31-year-old suspect,...

Bennett and Lapid Form Alliance to Challenge Netanyahu in Upcoming Israel Election

Former Israeli prime ministers Naftali Bennett and Yair Lapid have announced a political alliance aimed at unseating Prime Minister Benjamin Netanyahu in the upcoming election expected later this year. The two rivals...

DOJ Ends Probe Into Fed Chair Jerome Powell, Boosting Kevin Warsh Confirmation Prospects

The U.S. Department of Justice has officially ended its investigation into Federal Reserve Chair Jerome Powell, a decision announced by U.S. Attorney Jeanine Pirro that could significantly impact the future leadership of...

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

DeepSeek Slashes AI Model Pricing to Boost Adoption and Challenge Global Rivals

Chinese artificial intelligence startup DeepSeek has significantly reduced pricing for its latest AI models, signaling a more aggressive push in the rapidly evolving AI services market. The company announced that it has...

Taiwan Court Fines Tokyo Electron Unit $4.78M in Major TSMC Trade Secrets Case

A Taiwan court has imposed a significant penalty on the local subsidiary of Japan-based Tokyo Electron, highlighting the islands strict stance on protecting critical semiconductor technologies. The court fined the company...

DeepSeek V4 Launch Signals China’s Growing AI Independence with Huawei Chips

DeepSeek, a fast-rising Chinese AI startup, has unveiled a preview of its highly anticipated V4 model, marking a major step toward Chinas technological independence. The new model, optimized for Huaweis Ascend chips,...

U.S. Warns Allies Over Alleged Chinese AI IP Theft Linked to DeepSeek

The U.S. State Department has launched a global diplomatic effort to highlight concerns over alleged intellectual property theft by Chinese artificial intelligence companies, including startup DeepSeek. According to a...

Judge Dismisses Elon Musk’s Fraud Claims Against OpenAI, Trial to Proceed on Remaining Allegations

A U.S. federal judge has dismissed key fraud claims brought by Elon Musk in his high-profile lawsuit against OpenAI and its co-founder Sam Altman, marking a significant development in the ongoing legal battle. The ruling,...