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Hyatt Hotels is acquiring Apple Leisure Group for $2.7 billion

Aug 16, 2021 09:25 am UTC| Business Economy

Hyatt Hotels is reportedly acquiring Apple Leisure Group that is owned by KKR Co. and KSL Capital Partners for $2.7 billion. It was announced that the hotel chain and hospitality company will be paying in cash for the...

Nongshim instant noodles sold in Europe found with cancer-causing carcinogens

Aug 16, 2021 08:37 am UTC| Business Economy

Nongshim instant noodles or ramyun are popular not just in South Korea but it has gained strong followers overseas as well. It is one of the most popular noodle brands in the country and is exported to many parts of the...

Kia, Hyundai recalling 600,000 vehicle units for issues with trunk latch

Aug 16, 2021 07:50 am UTC| Business Economy

Kia and Hyundai recall almost 600,000 vehicle units after finding a defect on the trunk latch. It was said that the recent recall affects the 2016 to 2018 Kia Forte and 2018 to 2019 Kia Rio and Forte Koup models. Fox...

MBK Partners sells Doosan Machine Tools to DTR Automotive for $2.05 billion

Aug 16, 2021 07:17 am UTC| Business Economy

MBK Partners, a private equity fund (PEF) company, just sold its 100% stake in Doosan Machine Tools Co. Ltd. to DTR Automotive, a South Korean maker of batteries, tires, and other auto parts. DTR Automotive agreed to buy...

Delivery Hero’s Yogiyo sold to GS Retail-led consortium

Aug 16, 2021 07:15 am UTC| Business Economy

GS Retail-led consortium has acquired Delivery Heros Yogiyo, South Koreas no. 2 food delivery app. It was reported that the acquisition deal is worth ₩800 billion or around $684.3 million. According to Yonhap News...

S. Korean regulator to penalize shippers for alleged price-fixing

Aug 15, 2021 21:58 pm UTC| Economy Business

South Koreas antitrust regulator the Korea Fair Trade Commission (KFTC) is poised to penalize the countrys leading shipper, HMM Co., and other shipping lines over alleged price-fixing. The KFTC will hold its plenary...

McDonald's facing paper bag shortage

Aug 13, 2021 23:26 pm UTC| Economy Business

McDonalds Corporate Headquarters in Chicago is asking franchisees to dial down their orders of to-go paper bags from suppliers due to a tightening supply. The chain is encouraging workers to push for the usage of trays...

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Economy

Oil Prices Surge Amid U.S.-Iran Tensions and Supply Disruption Fears

Global oil prices climbed sharply on Thursday as escalating geopolitical tensions between the United States and Iran fueled concerns about further supply disruptions in the Middle East. Brent crude oil prices surged by as...

Asian Stocks Slip as Oil Prices Surge and Fed Signals Inflation Risks

Asian stock markets declined on Thursday as investors reacted to a sharp rise in oil prices, mixed corporate earnings, and a cautious outlook from the U.S. Federal Reserve. The combination of geopolitical tensions, energy...

Dollar Holds Near Two-Week High as Fed Hawkish Shift Lifts Yields, Yen Near Intervention Zone

The U.S. dollar remained close to its strongest level in more than two weeks on Thursday, supported by a hawkish shift from Federal Reserve policymakers that pushed Treasury yields to a one-month high. Currency markets are...

US Stock Futures Mixed as Fed Holds Rates, Oil Prices Surge, and Big Tech Earnings Drive Market Moves

U.S. stock index futures traded mixed on Wednesday evening as investors reacted to the Federal Reserves latest policy decision, rising oil prices, and a fresh round of earnings from major technology companies. Market...

China Factory Activity Extends Growth in April Despite Global Pressures

Chinas manufacturing sector continued to expand for a second consecutive month in April, signaling resilience in the worlds second-largest economy despite ongoing global uncertainties. According to official data from the...

Politics

Russian Drone Strikes Hit Odesa Again, Injuring Civilians and Damaging Infrastructure

Russian drone attacks targeted the southern Ukrainian city of Odesa overnight, marking the second assault this week and leaving at least 18 people injured, according to local officials. The latest strike adds to the...

US House Advances $70 Billion Immigration Enforcement Budget Plan

The U.S. House of Representatives has approved a three-year budget framework that could unlock an additional $70 billion for immigration enforcement, marking a significant step in shaping future border security policies....

Trump to Receive Briefing on Potential U.S. Military Action Against Iran

U.S. President Donald Trump is expected to receive a high-level security briefing on Thursday regarding new military options targeting Iran, according to a report by Axios citing unnamed sources. The briefing will be led...

Taiwan Independence Explained: History, Status, and Rising China Tensions

Taiwan independence remains a highly debated issue in global politics, especially as tensions between China and the United States continue to shape international relations. The topic is expected to feature prominently in...

Taiwan Activates Backup Communications After Undersea Cable Break on Dongyin Island

Taiwan has activated emergency backup communications for Dongyin, its northernmost and strategically important island, after an undersea cable was damaged due to shifting shipwreck debris caused by severe weather. The...

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 Raises 2026 Capex Outlook Amid AI Spending Surge, Shares Drop After Earnings

Meta Platforms has increased its full-year capital expenditure guidance for 2026, signaling continued aggressive investment in artificial intelligence infrastructure despite rising costs and market concerns. The company...

Amazon Stock Dips Despite Record Earnings as AI Infrastructure Spending Surges

Amazon (AMZN) shares slipped 2.6% in after-hours trading on Wednesday, even after the company delivered record-breaking quarterly earnings that exceeded Wall Street expectations. The decline reflects investor concerns over...

Alphabet Earnings Surge on AI Growth, Cloud Revenue, and Strong Search Performance

Alphabet Inc. delivered an impressive first-quarter performance, surpassing Wall Street expectations with strong growth driven by its Cloud division and core Search business. The tech giant reported adjusted earnings per...

Qualcomm Stock Surges Despite Weak Guidance After Q2 2026 Earnings Beat

Qualcomm Inc. (NASDAQ: QCOM) shares climbed sharply on Wednesday, closing up 9% after a volatile trading session triggered by its fiscal second-quarter 2026 earnings report and softer-than-expected forward guidance. The...

Microsoft Azure Growth Forecast Beats Expectations Amid Rising AI Competition

Microsoft has projected stronger-than-expected growth for its Azure cloud business, signaling continued momentum in the competitive cloud computing and artificial intelligence market. The company announced it expects Azure...