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Tue, Jul 28, 2026 07:50 AM All times are UTC

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Fonterra to sell China JV farms to focus on producing New Zealand milk

Jun 28, 2021 21:52 pm UTC| Economy Business

Fonterra has agreed to divest its 51 percent stake in two joint venture farms in Shandong province, China, to Singapore-based AustAsia Investment Holdings for $62.1 million. The farms will be sold to Singapore-based...

Japan FY2020 cigarette sales dive on shift to vaping amid a pandemic

Jun 28, 2021 21:43 pm UTC| Economy Business

Cigarette sales in Japan during fiscal 2020 plummeted by 16.3 percent on-year to 98.8 billion sticks, dropping below 100 billion for the first time in decades, according to the Tobacco Institute of Japan. The figure is...

Hyundai, Kia's combined EV sales in Europe reach 227,919 units in May

Jun 28, 2021 15:59 pm UTC| Economy Business

South Koreas Hyundai Motor Co. and Kia Corp. sold a combined 227,919 EVs in Europe as of May, with Hyundai selling 131,719 units, and Kia totaling 96,200 units. The two carmakers under the Hyundai Motor Group began...

German brands top S.Korea's imported car sales market

Jun 28, 2021 11:20 am UTC| Economy Business

German automakers sold 187,000 cars in South Korea last year to account for 61.7 and top the countrys imported car market, according to data by the Korean Automobile Manufacturers Association (KAMA). US automakers sold...

Samsung, LG, SK to begin Moderna vaccination of their workers next month

Jun 28, 2021 10:44 am UTC| Business Economy

Samsung, LG Display, and SK Hynix will all start vaccinating their workers next month. It was revealed that they will be using Moderna shots, and the inoculation is also part of the governments efforts to bolster its...

Kimchi market in South Korea recorded $1.4 billion sales

Jun 28, 2021 10:15 am UTC| Business Economy

Kimchi is a known staple in South Korea, and it is one side dish that is always present in any meal. There is no other country that consumes kimchi as much as the Koreans that is why it is not surprising that it raised...

Tesla issues recall on almost 300,000 EV cars in China

Jun 28, 2021 09:15 am UTC| Business Economy

Tesla started to recall more than 285,000 cars in China, and this was announced on Saturday, June 26. It was reported that the main reason for the recall was a feature in the cruise control system. The Tesla defect that...

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Economy

Gold Price Slips as Stronger Dollar, Fed Rate Decision Weigh on Market

Gold prices edged lower on Tuesday as the U.S. dollar hovered near its highest level in almost a month, while investors remained cautious ahead of the Federal Reserves policy announcement and Chair Kevin Warshs remarks for...

European Stocks Edge Higher as Strong Earnings Offset Inflation and Fed Rate Concerns

European stock markets traded slightly higher on Tuesday as upbeat corporate earnings from major consumer, luxury, industrial, and automotive companies helped offset persistent concerns over inflation and upcoming central...

US Stock Futures Slip as AI Spending Fears, Fed Decision Weigh on Markets

U.S. stock futures declined during Asian trading on Tuesday as investors grew increasingly cautious over artificial intelligence (AI) spending, weak semiconductor sentiment, and the upcoming Federal Reserve interest rate...

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...

Politics

Taiwan to Test Wartime Weapons Production in Han Kuang Military Drills

Taiwan will test its ability to relocate weapons production and convert civilian factories for military manufacturing during its annual Han Kuang military exercises next month, as the island strengthens its defense...

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...

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...