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LG Display to shift to 100% renewable energy in powering all its offices

Jul 27, 2021 23:40 pm UTC| Economy Business

LG Display Co. is shifting to 100 percent renewable energy to power all its business offices in the country after purchasing 57.2 GWh of electricity produced through solar, wind, and water power from state-run Korea...

CJ ENM to use Samsung’s new Wall commercial displays in building virtual studio

Jul 27, 2021 23:36 pm UTC| Economy Business

South Korean media company CJ ENM Co. is spearheading the production of future video content by using the Wall, Samsung Electronics Co.s new commercial displays, for a virtual production studio. The displays allow...

S. Korea's economy grows 0.7% in Q2 to be on track for 4% growth this year

Jul 27, 2021 23:25 pm UTC| Economy Business

South Koreas gross domestic product increased 0.7 percent in the April-June period, after a 1.7 percent gain in the first quarter to be on track for a 4 percent expansion this year due to strong recovery of domestic demand...

Skittles launches Zero-G after Jeff Bezos brought the candy to space

Jul 27, 2021 10:29 am UTC| Business Economy

Skittles wants to brag about its new accomplishment of having gone to space, and to do this, the candy maker is releasing the Zero-G. This is the limited edition of the colored, fruity flavored candy. The new Zero-G...

Amazon: Bitcoin’s price soars after the e-commerce giant was assumed to enter cryptocurrency

Jul 27, 2021 10:23 am UTC| Business Economy

Amazon just sent the prices of Bitcoin soaring after it was reported that it may be entering the cryptocurrency business too. As soon as it was speculated that the e-commerce retail giant is getting into the world of...

Starbucks Korea: Shinsegae’s Emart may fully own the coffee chain in S. Korea

Jul 27, 2021 09:25 am UTC| Business Economy

Shinsegaes retail unit, Emart, may fully acquire Starbucks Korea as it is said to be in talks for the possibility of buying another 50% stake in the company. Currently, Emart owns 50% shares, and the remaining half is...

Philip Morris reveals plans to stop selling Marlboro products in 10 years

Jul 27, 2021 08:27 am UTC| Business Economy

Philip Morris will not be selling its world-famous Marlboro cigarette products any longer in 10 years time. The cigarette maker said it would stop the sales in the United Kingdom, and it will be replaced by the companys...

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Economy

Asian Stocks Sink as AI Spending Fears and China Chip Advances Hit Tech Shares

Asian stock markets fell sharply on Tuesday as renewed concerns over massive artificial intelligence spending and Chinas rapid semiconductor progress triggered another selloff in global chip stocks, with South Koreas KOSPI...

South Korean Chip Stocks Plunge as AI Spending Concerns and China Competition Shake Market

South Korean semiconductor stocks tumbled on Tuesday as investors pulled back from artificial intelligence (AI)-related shares, driven by growing concerns over AI infrastructure financing, rising competition from China,...

Dollar Holds One-Month High as Fed Rate Hike Bets Grow, Yen Remains Under Pressure

The U.S. dollar hovered near a one-month high on Tuesday as investors assessed the possibility of a Federal Reserve interest rate hike this week, despite easing inflation concerns following a sharp decline in oil prices....

Brazil Challenges Trump Tariffs at WTO Over Trade Dispute

Brazil has formally requested consultations with the United States under the World Trade Organization (WTO) dispute settlement system, escalating its challenge against tariffs imposed by the Trump administration on...

Oil Prices Extend Slide as U.S.-Iran Talks Ease Middle East Supply Fears

Oil prices continued to fall in Asian trading on Tuesday after suffering their steepest decline in months, as renewed optimism over U.S.-Iran diplomatic talks reduced concerns about disruptions to Middle East crude...

Politics

West Bank Tensions Escalate as Palestinian Village Faces Settler Violence and Military Raids

Residents of the Palestinian village of Tal in the occupied West Bank say violence between Israeli settlers and Palestinians has pushed the area close to a breaking point after a deadly confrontation last week left six...

US Drone Industry Still Trails Ukraine as Pentagon Pushes American-Made Supply Chain

The Pentagon says the United States is still in the early stages of building a competitive domestic drone industry, even as it tightens requirements for military drones to use American-made components. Defense officials...

US Watchdog Finds State Department Struggled After USAID Shutdown Takeover

An internal watchdog report released Monday found that the U.S. State Department faced significant operational challenges after taking over billions of dollars in foreign aid programs following the closure of the U.S....

US Walks Out of UN Security Council as France Criticizes Washington

The United States staged a walkout during a United Nations Security Council meeting on Ukraine on Monday after accusing France of making inflammatory remarks about Washingtons stance on human rights issues, marking a sharp...

Haiti Sets Presidential Election for December After Years of Delays

Haitis Provisional Electoral Council (CEP) has officially scheduled the countrys first presidential election in nearly a decade, setting the first round for December 13 and a runoff vote for February 21, marking a...

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

ASML, Applied Materials Slide as China DUV Chip Equipment Breakthrough Sparks Market Jitters

Semiconductor capital equipment stocks tumbled Monday after reports that China has begun mass-producing domestically developed immersion deep ultraviolet (DUV) lithography machines, raising concerns about the future...

Tech Stock Positioning Nears Neutral as Investor Rotation Enters Final Phase, Deutsche Bank Says

Investor positioning in large-cap technology stocks has fallen sharply from previously elevated levels and is now close to neutral, signaling that the ongoing rotation away from the sector is largely complete, according to...

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...