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Tue, Jul 28, 2026 03:02 PM All times are UTC

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S. Korean shipbuilders lose top spot to Chinese rivals in new orders in April

May 11, 2021 22:52 pm UTC| Economy Business

South Korean shipbuilders obtained new orders of 34 ships, or 1.19 million compensated gross tons (CGTs) in April, losing their No. 1 ranking to Chinese rivals, which had 53 ships, or 1.64 million CGTs. South Korean...

S. Korea's exports soar 81% on May 1-10 mainly due to chips, autos, petroleum products

May 11, 2021 22:50 pm UTC| Business Economy

South Koreas exports soared 81.2 percent on-year to $12.5 billion in the May 1-10 period from $6.9 billion a year earlier as global economic recovery kept robust the shipments of chips, autos, and petroleum goods. The...

Lee Jae Yong: S. Korea President Moon Jae In reportedly opens possibility for pardon grant to Samsung heir

May 11, 2021 10:22 am UTC| Business Economy

Lee Jae Yong, the imprisoned Samsung heir and company head, may be walking out of prison earlier than his actual time to serve. This is because South Koreas President Moon Jae In reportedly softened a bit, leaving the door...

Mattel launches recycle program for used Barbie dolls and toys

May 11, 2021 10:15 am UTC| Business Economy

Mattel announced a new program where kids can return their Barbie dolls and old toys once they are done with them. In other words, the American toymaker is also getting into the recycling trend for a better world. A...

Honda Accord: U.S. NHTSA investigating 1.1 million units over steering control issues

May 11, 2021 09:19 am UTC| Business Economy

Honda Accord car units are said to be under investigation for safety issues. The U.S. National Highway Traffic Safety Administration revealed on Monday, May 10, that it has formally launched a probe on around 1.1 million...

Celltrion to supply COVID-19 treatment to Pakistan in a new deal

May 11, 2021 08:22 am UTC| Business Economy

Celltrion, the South Korean pharmaceutical company, revealed that it had sealed its first deal for shipments of its Rekirona COVID-19 antibody treatment. The firm made the announcement on the supply transaction to Pakistan...

GM Korea suing for its CEO’s new exit ban

May 11, 2021 07:43 am UTC| Business Economy

GM and its South Korean division, GM Korea, have condemned the government for issuing another exit ban to its chief executive officer, Kaher Kazem. With the move, the automakers headquarter in the U.S. accused the Korean...

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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

TeamViewer Shares Fall Despite Profit Growth as ARR and Customer Base Decline

TeamViewer AG (ETR: TMV) shares slipped more than 2% on Tuesday after the remote connectivity software provider reported mixed first-half 2026 results. While the company delivered a solid increase in profit, investors...

Exosens H1 Profit Beats Forecasts as Defense Demand Drives Growth

Exosens (EPA: EXENS) reported stronger-than-expected first-half fiscal 2026 profitability, supported by robust demand for its defense imaging technologies, although revenue came in slightly below market expectations....

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...