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General Motors reveals plans to hire 8,000 tech workers for EV development

Jan 28, 2022 07:53 am UTC| Business Economy

General Motors revealed on Wednesday, Jan. 26, that it has plans of hiring more than 8,000 tech workers this year. The move is part of the companys efforts to fulfill its electric vehicle development and production...

LG Electronics 2021 sales beat Whirlpool to become top home appliance maker

Jan 28, 2022 06:50 am UTC| Business Economy

LG Electronics home appliances business is soaring, as shown in its last years sales record that jumped by 21.7% to ₩27.11 trillion or around $22.92 billion. Its revenues in 2021 did not only set a new record for the...

Namyang Dairy prohibited by the court from selling stake to Dayou Winia

Jan 28, 2022 05:46 am UTC| Business Economy

Namyang Dairy has been in a legal battle with Hahn Company, a private equity investment firm specializing in buyouts and corporate restructurings in South Korea. They end up in court as the former seemed to have been...

McDonald’s responds to Elon Musk’s announcement of eating a Happy Meal if the restaurant accepts Dogecoin

Jan 27, 2022 11:09 am UTC| Business Digital Currency

Elon Musk said earlier this week that he would eat McDonalds Happy Meal live on TV if the fast-food chain would accept Dogecoin as payment. The Tesla and SpaceX owner made the declaration via social media post on...

Oreo unveils its new frozen products, including Giant Oreo Ice Cream Sandwich

Jan 27, 2022 10:23 am UTC| Business Economy

Oreo is a world-famous chocolate cookie, and this year, it is introducing a new treat for all of its fans. The brand owned by Mondelez International is releasing ice cream bars, ice cream sandwiches, and more. As per...

Burger King Romania launches new Bacon Cheddar Chicken and more

Jan 27, 2022 10:12 am UTC| Business Economy

Burger King Romania is starting the year 2022 with an offering of new food items. The burger joint has expanded its menu lineup by launching the Bacon Cheddar Chicken and the Chicken Jr. burgers. QSR Web reported that...

Victoria's Secret sold stake in China for $45 million, announces partnership with Regina Miracle International

Jan 27, 2022 09:21 am UTC| Business Economy

Victorias Secret announced earlier this week that it would be selling a 49% stake in its business in China. The American lingerie, clothing, and beauty retailer revealed it had sold the stake to Regina Miracle...

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Economy

BOJ Expected to Hold Rates Steady While Signaling More Hikes Ahead

The Bank of Japan (BOJ) is widely expected to keep its benchmark interest rate unchanged at 1% when its two-day policy meeting concludes on Friday. However, investors will closely watch Governor Kazuo Uedas comments and...

Gold Prices Rise as Weak Dollar, Fed Rate Decision in Focus

Gold prices climbed in Asian trading on Monday as a weaker U.S. dollar boosted demand for the precious metal, while investors assessed easing geopolitical tensions in the Middle East and looked ahead to the Federal...

Asian Stocks Rise as Oil Falls, Fed and Big Tech Earnings Take Center Stage

Most Asian stock markets traded higher on Monday as easing tensions in the Middle East and a sharp decline in oil prices lifted investor sentiment ahead of a crucial week for global financial markets. Investors are closely...

Singapore Central Bank’s Exchange Rate Policy Explained: Why MAS Uses the S$NEER Instead of Interest Rates

Singapores central bank surprised markets on Monday by tightening its monetary policy, citing expectations that inflation will strengthen in the coming months. Unlike most central banks that adjust benchmark interest...

Oil Prices Plunge as U.S.-Iran Pause Eases Middle East Supply Fears

Oil prices fell sharply on Monday after the United States and Iran paused military strikes over the weekend, prompting traders to unwind the geopolitical risk premium that had pushed crude to multi-month highs. As of 20:19...

Politics

El Salvador Opposition Names Candidates to Challenge President Nayib Bukele in 2027 Election

El Salvadors two main opposition parties have officially selected their candidates to challenge President Nayib Bukele in the countrys next presidential election, scheduled for February 2027, as the incumbent prepares to...

Myanmar Military Intensifies Civilian Attacks as Regional Diplomacy Expands

Myanmars military has significantly increased attacks on civilians since a new administration assumed power, according to a report released Monday by the Armed Conflict Location Event Data Project (ACLED). The findings...

Russia Launches Ballistic Missiles, Drones Across Ukraine as Civilian Death Toll Rises

Russia launched a fresh wave of ballistic missiles and drones across Ukraine early Sunday, striking Kyiv and several other regions in attacks that killed at least six people and injured dozens, according to Ukrainian...

Brazil Recalls Ambassador From Argentina After Milei's Remarks on Lula

Brazil has recalled its ambassador to Argentina following comments by Argentine President Javier Milei criticizing Brazilian President Luiz Inacio Lula da Silva, the Brazilian government, and the countrys judiciary,...

Trump Pauses Iran Strikes as Tehran Signals Conditional Halt to Attacks

Iran has signaled it will suspend its military attacks as long as the United States refrains from launching new strikes, raising cautious hopes for a temporary easing of tensions in the Middle East. A senior Iranian...

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

Nvidia Invests $1 Billion in Naver as South Korea AI Data Center Expansion Gains Momentum

Shares of South Korean internet and cloud services company Naver surged more than 10% on Monday after the company announced that Nvidia will invest $1 billion by purchasing newly issued shares to support a major artificial...

CXMT IPO Debut in Shanghai Puts $85.5 Billion Chipmaker in Spotlight

Chinas ChangXin Memory Technologies (CXMT) is set to begin trading on the Shanghai Stock Exchange on Monday following the largest initial public offering (IPO) in Asia this year, with investors closely watching the...

Nvidia Eyes $250B Guarantee for OpenAI’s Massive Ohio AI Data Center Project

Nvidia (NASDAQ: NVDA) is reportedly in discussions to provide a financial guarantee worth approximately $250 billion for OpenAI as part of an ambitious artificial intelligence data center project in Ohio, according to a...

SpaceX Stock Slump Wipes Out Nearly $700 Billion From Elon Musk’s Paper Wealth

Elon Musk has seen one of the steepest declines in paper wealth ever recorded as shares of SpaceX (NASDAQ: SPCX) continue to slide following the companys blockbuster public debut. After raising $75 billion in its June 12,...

Trump Orders Section 301 Probe Into EU Tech Fines, Signals New Tariffs

President Donald Trump announced Friday that the United States will launch a Section 301 investigation into the European Unions penalties against American technology companies, escalating trade tensions after Google was...