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Tue, Apr 28, 2026 05:22 AM All times are UTC

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Hyundai Motor facing a union strike due to failed pay negotiations

Jul 05, 2022 09:37 am UTC| Business Economy

Hyundai Motor Company and its unionized workers reportedly failed to reach an agreement regarding payment and the removal of the peak wage system. Thus, the workers may hold a strike as 71.8% of the 46,568 unionized...

SK E&S to establish an office in London for its European expansion

Jul 05, 2022 08:36 am UTC| Business Economy

SK ES Co. Ltd. will be setting up an office in London to expand its business in Europe. The South Korean firm is expanding in the energy market of the worlds largest economic bloc amid the ongoing war in Ukraine. In the...

EasyJet chief resigns after a series of flight cancellations and disturbances

Jul 05, 2022 08:08 am UTC| Business Economy

EasyJet, a British multinational low-cost airline group, headquartered at London Luton Airport, experienced flight cancellations and other issues for weeks. The series of problems have been causing chaos in the company,...

Korea’s police agency reportedly preparing to deploy autonomous cars, robots to deal with crimes

Jul 05, 2022 07:28 am UTC| Business Economy

The Korean National Police Agency is reportedly preparing for the future and devising plans that will help the force deal with crimes. The plans even included tackling crimes on the metaverse, which was said to have been...

UK’s Pret A Manger sandwich chain to debut in India

Jul 05, 2022 07:09 am UTC| Business Economy

Pret A Manger, a store chain that serves sandwiches, coffee, and hot breakfast, is coming to India. It is a well-known dining place in the United Kingdom, and billionaire business magnate, Mukesh Ambani, is introducing the...

Tesla recall: Germany’s motor transport watchdog finds software glitch on Elon Musk company’s EVs

Jul 05, 2022 06:58 am UTC| Business Economy

Tesla cars have been recalled in Germany after the countrys Federal Motor Transport Authority said that more than 59,000 of the electric vehicles have malfunctioning software. The German road traffic watchdog revealed the...

The hotel industry was hit hardest during the pandemic. We should learn from their experiences to devise future strategies

Jul 04, 2022 16:35 pm UTC| Business

The hotel industry is among the sectors that received the biggest blow during the early months of the COVID-19 pandemic. With new infection cases rising recently, heres what we can learn from their experiences to prepare...

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Economy

Yen Strengthens as BOJ Signals Rate Hikes; Asian Currencies Slip Ahead of Fed Meeting

The Japanese yen strengthened on Tuesday after the Bank of Japan (BOJ) maintained its interest rates but hinted at potential rate hikes amid rising inflation risks. The USD/JPY pair declined by 0.2%, hovering near the 159...

Asian Stocks Mixed as BOJ Holds Rates, Oil Prices and Fed Outlook Weigh on Markets

Asian stock markets delivered a mixed performance on Tuesday as investors reacted to elevated oil prices, ongoing geopolitical tensions, and the Bank of Japans decision to keep interest rates unchanged. Market sentiment...

Oil Prices Rise Amid U.S.-Iran Tensions and Strait of Hormuz Deadlock

Oil prices moved higher during Asian trading on Tuesday as geopolitical tensions between the United States and Iran continued to weigh on global energy markets. The ongoing stalemate over the Strait of Hormuz, a critical...

Wall Street Futures Rise as Trump Discusses Iran’s Hormuz Strait Proposal and Tech Earnings Loom

Wall Street futures moved slightly higher on Monday evening after major U.S. stock indexes reached new record highs, reflecting cautious optimism among investors. SP 500 Futures climbed 0.2% to 7,217.0 points, while Nasdaq...

BOJ Holds Interest Rates at 0.75% as Policymakers Signal Growing Inflation Concerns

The Bank of Japan (BOJ) decided to keep its benchmark interest rate unchanged at 0.75% following its latest two-day monetary policy meeting, a move that aligned with market expectations. However, the decision revealed a...

Politics

Trump Skeptical of Iran Hormuz Proposal as Nuclear Talks Stall

U.S. President Donald Trump and his national security team remain doubtful about Irans recent proposal to reopen the Strait of Hormuz while delaying discussions on its nuclear program, according to a Wall Street Journal...

White House Withdraws Trump’s National Park Service Nominee Amid Criticism

The White House has officially withdrawn President Donald Trumps nomination of Scott Socha to lead the National Park Service (NPS), more than two months after it was submitted to the U.S. Senate. The administration did not...

Trump Administration Dismisses Entire National Science Board, Sparking Debate Over Scientific Independence

The Trump administration has removed all members of the National Science Board, a major advisory group that oversees the National Science Foundation (NSF), according to statements from two former board members. The...

Trump Rejects Iran Proposal as War Tensions Push Oil Prices Higher

U.S. President Donald Trump has expressed dissatisfaction with Irans latest proposal aimed at resolving the ongoing two-month conflict, according to a U.S. official. The development has reduced hopes for a near-term...

Republican Lawmakers Urge National Guard Role for World Cup Drone Security

Two Republican members of Congress are urging the Trump administration to strengthen security measures for the upcoming FIFA World Cup by deploying the National Guard to address potential drone threats. Representatives...

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

OpenAI Faces Revenue Pressure and User Growth Challenges Ahead of IPO

OpenAI is reportedly facing mounting pressure after missing key internal targets for both user growth and revenue, raising concerns about its ability to sustain aggressive spending plans. According to a Wall Street Journal...

Advantest Stock Falls on Weak Outlook Despite Strong AI-Driven Results

Shares of Advantest Corp (TYO:6857) declined on Tuesday after the semiconductor equipment maker issued an annual outlook that fell short of market expectations, overshadowing its strong financial performance driven by...

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,...