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S. Korea's duty-free sales plunge 37.7% in 2020

Feb 01, 2021 21:43 pm UTC| Business

Combined sales at South Koreas local duty-free shops went down 37.7 percent from 2019 to 15.5 trillion won last year, according to the data from the Korea Duty-Free Shops Association. Foreign shoppers accounted for 94...

Strong export demand push Canada's canola prices to 13-year high $718 per ton

Feb 01, 2021 16:03 pm UTC| Economy Business

Canada is running short of canola oilseed six months before the next harvest due to strong export demand that drove prices to a nearly 13-year high of $718 per ton last week. China, the top buyer, more than doubled...

Chevron and Exxon attempt to merge as executives reportedly met up amid the pandemic and devastating oil prices

Feb 01, 2021 09:48 am UTC| Business Economy

Chevron Corp and Exxon Mobil Corp chief executives reportedly discussed a possible merger last year. They are considering putting together their oil companies and work to get back what they have lost due to the COVID-19...

Playboy acquiring sexual wellness and intimacy products seller Lovers for $25 million

Feb 01, 2021 09:39 am UTC| Business

Playboy Enterprises Inc may soon acquire TLA Acquisition Corp, the parent company of sexual wellness chain Lovers, at around $25 million as it expands in the consumer products arena. Lovers sells sexual wellness and...

Tesla's secret revealed: Elon Musk’s EV company’s net profit did not come from selling cars and here’s its real source

Feb 01, 2021 09:34 am UTC| Business

Tesla is the main reason why Elon Musk unseated Amazon owner Jeff Bezos as the worlds richest man in the world last month. The electric-car makers profits boosted Musks total net worth, and people can only assume that...

SK Telecom to debut Facebook's Oculus Quest 2 virtual reality device in South Korea

Feb 01, 2021 08:57 am UTC| Business

SK Telecom previously revealed its comprehensive plans to expand its VR business and ecosystem. As part of this expansion, South Koreas largest wireless telecommunications operator announced that it will be rolling out...

Startup Eases Stress on Renters Nationwide Amidst the Housing Crisis

Feb 01, 2021 07:48 am UTC| Business

Since the COVID-19 pandemic began in early 2020, Americans have been forced to completely adjust how they go about their daily lives. One of the most damaging and persistent consequences of the pandemic has been its...

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Economy

Trump Rejects Iran Proposal as Tensions Persist Amid Fragile Ceasefire

U.S. President Donald Trump has expressed dissatisfaction with Irans latest proposal for renewed talks, signaling continued deadlock in efforts to resolve the ongoing U.S.-Iran conflict. Despite a ceasefire reached on...

EU Warns of Response as U.S. Considers 25% Tariffs on Car Imports

The European Commission signaled it is prepared to defend its economic interests after the United States threatened to impose new tariffs on European vehicles, raising concerns over a potential escalation in transatlantic...

Wall Street Mixed as Apple Earnings Boost Nasdaq and Oil Prices Ease

U.S. stock market performance ended mixed on Friday, with major indices showing resilience despite ongoing geopolitical tensions and fluctuating oil prices. The SP 500 and Nasdaq Composite posted gains, while the Dow Jones...

Gold Prices Slip Amid Iran Tensions and Rising Rate Concerns

Gold prices edged slightly lower on Friday, hovering near one-month lows after a volatile trading session. The precious metal continues to face pressure following consecutive monthly declines, as global economic...

Dollar Gains Slightly as Yen Volatility Continues After Japan Intervention

Currency markets closely monitored the Japanese yen on Friday after suspected intervention by Tokyo triggered significant volatility, while the U.S. dollar began May with a modest rebound following April losses. The U.S....

Politics

Cuba Condemns New U.S. Sanctions, Calls Measures “Collective Punishment”

Cuba has strongly rejected the latest sanctions imposed by U.S. President Donald Trump, describing them as unjust and harmful to its citizens. The response came from Cuban Foreign Minister Bruno Rodríguez, who...

Rising Tensions in US-Europe Relations Amid Trump Policies and Iran War

Recent developments in US-Europe relations have raised concerns among global leaders as tensions escalate due to policy disagreements and political rhetoric. European officials are increasingly uneasy following a series of...

Trump Expands Cuba Sanctions Targeting Key Sectors and Foreign Entities

U.S. President Donald Trump has signed a sweeping executive order expanding sanctions against Cuba, intensifying pressure on the islands government and its international partners. According to White House officials, the...

US to Withdraw 5,000 Troops from Germany Amid Growing Rift with European Allies

The United States is set to withdraw approximately 5,000 troops from Germany, signaling rising tensions between Washington and its European allies amid the ongoing Iran conflict. The Pentagon confirmed the move, which will...

U.S. Weapons Delays Raise Concerns Among European Allies Amid Iran Conflict

The United States has reportedly warned several European allies to prepare for delays in the delivery of military equipment, as ongoing tensions and conflict involving Iran continue to strain American weapons stockpiles....

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

U.S. Cybersecurity Pushes Faster Patch Deadlines Amid Rising AI-Driven Threats

U.S. cybersecurity officials are exploring significantly shorter deadlines for fixing critical vulnerabilities in government IT systems, driven by growing concerns that hackers are leveraging advanced artificial...

Apple Q2 2026 Earnings Surge as iPhone 17 Sales Drive Record Revenue

Apple delivered a strong fiscal Q2 2026 performance, reporting record-breaking revenue and profit growth fueled by robust iPhone sales and expanding services. The tech giant posted earnings of $2.01 per share on $111.18...

FBI Warns of China’s Expanding Hack-for-Hire Network Amid Extradition Case

The Chinese governments alleged hack-for-hire ecosystem is rapidly expanding and becoming increasingly difficult to control, according to a senior FBI official. Speaking on Thursday, FBI Assistant Director Brett Leatherman...

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...

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...