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Tue, Jul 28, 2026 06:57 AM All times are UTC

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S. Korean business groups cry foul over 'ambiguous' workplace law that imprisons CEOs

Jul 09, 2021 23:55 pm UTC| Economy Business Law

Major South Korean business groups expressed concern over a supposed ambiguous workplace disaster law taking effect early next year that punishes CEOs, including by imprisonment, for serious workplace disasters. The...

S.Korean employees back to remote working as country braces for worst-ever COVID-19 wave

Jul 09, 2021 23:54 pm UTC| Economy Life Business

South Koreas large corporations are ordering employees to work remotely as the country braces for the fourth wave of COVID-19 with the daily caseload rising to an all-time high of 1,316. The South Korean government will...

S. Korea's LG to locally invest 15 trillion in battery technology by 2030

Jul 09, 2021 23:52 pm UTC| Economy Business

LG Groups battery making and chemical units will invest a combined 15.1 trillion won in South Korea by 2030 to develop next-generation battery technology and expand the domestic supply chain. LG Chems wholly-owned...

S. Korea to boost tax incentives on battery sector

Jul 09, 2021 23:50 pm UTC| Economy Business

South Koreas battery makers and related firms will receive up to a 50 percent tax discount for RD spending and 20 percent tax cuts on facility investment under the Ministry of Trade, Industry, and Energys K-battery...

Shinhan Bank to stop offering online access to fractional art investing

Jul 09, 2021 23:47 pm UTC| Economy Business

Shinhan Bank would stop providing access to customers looking for fractional art ownership via a mobile application due to opposition by South Koreas regulatory Financial Supervisory Service. The regulator categorized...

Korea Aerospace wins 755 billion won plane parts deal from UK

Jul 09, 2021 23:43 pm UTC| Economy Business

Korea Aerospace Industries Co. (KAI) has received a 754.6 billion-won order to supply single-aisle wing parts to an identified British aircraft company from January 2026 to December 2030. KAI used to manufacture wing...

Mazda recalling 261,000 cars over emblems that may shatter upon airbag inflation

Jul 09, 2021 23:39 pm UTC| Economy Business

Mazda is recalling nearly 261,000 Mazda 3 cars from the 2004 through 2007 model years due to a plastic emblem on the steering wheel that may shatter if the airbags are inflated. US safety regulators warned that the...

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Economy

RBA Signals More Rate Hikes Possible as Australia Battles Stubborn Inflation

Reserve Bank of Australia (RBA) Governor Michele Bullock warned on Tuesday that underlying inflation remains too high and said the central bank is prepared to raise interest rates again if necessary to bring price growth...

India GDP Growth Forecast Cut as Weak Investment, High Oil Prices Weigh on Economy

Indias economic growth is expected to slow significantly in the current fiscal year as weak private investment and rising oil prices linked to the Iran conflict weigh on domestic demand, according to a Reuters poll of...

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....

Politics

US Customs Inspects China-Linked Factories in Vietnam Amid Trade Compliance Review

U.S. customs officials have reportedly conducted spot inspections at factories in Vietnam with links to Chinese companies as Washington intensifies efforts to verify compliance with trade and import regulations, according...

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...

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....

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...