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Mon, May 04, 2026 04:56 AM All times are UTC

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Hyundai, Kia to Resume US Production This Week

May 05, 2020 10:05 am UTC| Business

The US plants of Hyundai Motor Co. and its subsidiary Kia Motors Corp. will resume operations this week, the companies announced. A spokesperson said that production at their plants in Georgia and Alabama would flexibly...

S.Korean Credit Card Firms Woo Relief Money To Attract More Customers

May 05, 2020 10:05 am UTC| Business

Credit card firms in South Korea are wooing clients with promos to secure transactions for the emergency relief money that the government will give to 21.7 million households nationwide. Shinhan Card made a 10,000 won...

Mirae Asset Terminates US Hotel Deal With China's Anbang

May 05, 2020 10:01 am UTC| Business

Mirae Asset Global Investments canceled its planned acquisition of 15 luxury hotels in nine United States cities for $5.8 billion due to an alleged breach of contract by the seller, Chinas Anbang Insurance Group. Mirae...

Samsung Makes Record R&D Investment in Q1

May 05, 2020 10:01 am UTC| Business Technology

Samsung Electronics spent a total of 5.36 trillion won in research and development in the first quarter, surpassing its previous record of 5.32 trillion won in the fourth quarter of 2018. The amount accounted for 9.7...

GM Korea's Chevrolet Trax Tops Small SUV Sales in US

May 05, 2020 10:01 am UTC| Business

GM Koreas Trax accumulated sales of 28,242 units to top the small SUV category in the United States in the first quarter. The Trax accounts for 30 percent of small SUV sales for the first quarter in the United...

Application Development Made Easy: Use the Power of the Most Innovative Low-Code Platform on the Market

May 05, 2020 07:29 am UTC| Business

In todays highly competitive environment, IT has become the backbone in ensuring business continuity and growth. To empower IT with this major mission, enterprise applications have become primary enablers and form the...

S. Korean Retail Investors Fill Void Left by Foreign Investors in Securities Market

May 04, 2020 13:36 pm UTC| Business Investing

Retail investors became an influential force in the local financial market in the first quarter of 2020, with foreign and institutional investors cutting down in their activities due to the COVID-19 pandemic. Massive...

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Economy

Dollar Holds Firm as Asian Currencies Stabilize Amid Middle East Tensions and Rate Uncertainty

The U.S. dollar remained steady in Asian trading on Monday, while most Asian currencies moved within a narrow range as investors weighed geopolitical risks and uncertainty surrounding U.S. interest rates. Trading activity...

Gold Prices Hold Steady Amid Iran Tensions and Interest Rate Uncertainty

Gold prices remained relatively stable during Asian trading on Monday, as ongoing geopolitical tensions in the Middle East and uncertainty surrounding global interest rates continued to influence market sentiment. Despite...

Oil Prices Hold Above $100 Amid Strait of Hormuz Tensions and U.S.-Iran Uncertainty

Oil prices remained elevated above the $100 mark on Monday despite a slight pullback, as ongoing geopolitical tensions and supply disruptions continued to influence the global energy market. Brent crude futures dipped...

RBA Rate Hike Outlook: Impact on AUD/USD and ASX 200

The Reserve Bank of Australia (RBA) is widely expected to raise interest rates by 25 basis points to 4.35% following its May 5 policy meeting, marking its third increase this year. This anticipated move would return the...

Eurozone Recession Risks Rise as Middle East Conflict Threatens Growth, ECB Official Warns

Concerns that the eurozone could face a recession are increasingly valid as geopolitical tensions in the Middle East continue to disrupt global markets, according to European Central Bank (ECB) Governing Council member and...

Politics

Australia Launches Public Hearings on Bondi Beach Shooting and Rising Antisemitism

Australia has officially opened public hearings into the Bondi Beach mass shooting that occurred in December, marking a significant step in a broader national inquiry into antisemitism and social cohesion. The tragic...

Ukraine Drone Strikes Hit Russian Oil Port Primorsk and Naval Targets

Ukraine has intensified its long-range drone campaign against Russia, targeting key energy infrastructure and military assets in a large-scale overnight assault. Ukrainian forces reportedly struck the Baltic Sea port of...

Taiwan President Lai Ching-te Visits Eswatini Amid Rising China Pressure

Taiwan President Lai Ching-te has arrived in Eswatini, marking a significant diplomatic move after his earlier trip was delayed due to restricted airspace access reportedly influenced by China. The visit underscores...

Japan Signals Potential Shift on Arms Exports, Opening Door to Ukraine Support

Japans recent decision to relax its long-standing weapons export restrictions has created a potential pathway for future defense cooperation with Ukraine, according to Kyivs ambassador to Tokyo. While no immediate arms...

Poland Sees No Delays in U.S. Patriot Missile Defense Deliveries Despite Stockpile Concerns

Poland has not received any signals suggesting delays in the delivery of U.S.-made Patriot air defense systems, according to Defence Minister Wladyslaw Kosiniak-Kamysz. His statement comes amid growing concerns across...

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

Anthropic’s $1.5B AI Venture with Wall Street Firms Targets Private Equity Market

Anthropic is reportedly nearing completion of a major $1.5 billion joint venture with leading financial institutions, including Blackstone and Goldman Sachs, aimed at expanding the use of artificial intelligence tools...

Samsung Appoints New TV Business Head Amid Rising Competition from Chinese Rivals

Samsung Electronics, the worlds leading TV manufacturer, has made a significant leadership change in its television division for the first time in over two years. The company announced that Lee Won-jin, formerly head of...

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...