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

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HDC Hyundai Cites Uncompleted Approval in Delaying Asiana Airlines Acquisition

May 04, 2020 09:45 am UTC| Business

HDC Hyundai Development announced on April 29 that it would delay the acquisition of Asiana Airlines shares. It was scheduled to acquire the shares on April 30. The company did not give a specific acquisition date,...

Hyundai Motor Banking on Local Market to Counter Poor Exports

May 04, 2020 09:44 am UTC| Business

Hyundai Motor Group is seeking to boost domestic sales by increasing the production of its Grandeur, Palisade, GV80, and G80. The move is meant to counter the impact of weakened exports. Consequently, Hyundai Motor...

Korean Carmakers Boost Global Market Share by 1.2%

May 04, 2020 09:44 am UTC| Business

Korean carmakers raised their global market share by 1.2 percent from 7.3 percent to 8.4 percent, while suffering a 15.9 percent drop in sales, according to the Korea Automobile Manufacturers Association (KAMA). Korean...

Economic Recovery Can't Be at The Expense of Worker Safety

May 04, 2020 09:32 am UTC| Business

It goes without saying that the global COVID-19 pandemic has devastated business worldwide. Tens of millions of jobs perhaps hundreds of millions depending on whose numbers you believe have been negatively impacted by...

A survival guide for startups during the coronavirus pandemic

May 04, 2020 09:11 am UTC| Business

Until the COVID-19 pandemic is over, survival has to be the imperative focus for startups. In this brief survival guide, we provide several tips for startups and their owners and managers to help them get through the...

Korea Sends Cargo Flights to Jakarta, Chongqing

Apr 30, 2020 10:38 am UTC| Business

South Korea had arranged two chartered cargo flights to help businesses send or receive to and from Jakarta, Indonesia, and Chongquig, China. The roundtrip cargo flight to Chongqing, operated by Asiana Airlines, carried...

Coupang to Solidify Online Market Share with Same-Day Grocery Delivery

Apr 30, 2020 10:38 am UTC| Business

Coupang launched a same-day service that would allow customers who ordered among 8,500 fresh food items before 10 a.m. to receive them by 6 p.m. The food options include fish, meat, and fruits. The company uses an...

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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...