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Thu, Jul 30, 2026 02:37 AM All times are UTC

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South Korea Enjoys Brisk Excavator Sales to China in May

Jun 10, 2020 05:32 am UTC| Business

South Korean firms sold 3,089 excavators in China in May to nearly double their sales from last year. The brisk sales were attributed to a rebound in the Chinese property market and delayed demand caused by the...

Korea Shipbuilding to Build 2 Petrochemical Carriers for Euro Firm

Jun 10, 2020 04:54 am UTC| Business

Korea Shipbuilding Offshore Engineering Co. (KSOE) has clinched a 90 billion won-order from Europe to build two 50,000-ton petrochemical carriers. The vessels, to be built by Hyundai Mipo Dockyard Co., will be...

Japan's Budget Airlines Relying on New Business Models, Such as Cargo Delivery

Jun 10, 2020 04:53 am UTC| Business

Most of Japans low-cost airlines may soon be relying on cargo transportation to balance infection prevention with profitability until higher seat occupancies are allowed. Budget carrier unit Zipair Tokyo Inc., which is...

Seven-Eleven to Sell Life Insurance via Machines in Japan

Jun 10, 2020 04:53 am UTC| Business

Convenience store chain Seven-Eleven Japan will sell MSAD Insurance Groups life insurance through its multi-function machines in its 20,000 stores. Customers will be able to process their application through their...

Toyota to Start Selling Plug-in Hybrid SUV in Japan

Jun 10, 2020 04:53 am UTC| Business

Toyota Motor Corp. started selling the new RAV4, its first plug-in hybrid SUV in Japan, starting at $42,840. The RAV4s high-powered motor provides a more extended range and better acceleration than its conventional...

Daewoo Shipbuilding Inks 900-B Won Order from Russia for 2 LNG Barges

Jun 10, 2020 04:53 am UTC| Business

Daewoo Shipbuilding Marine Engineering Co. inked a 900 billion-won deal from a Russian company to build two liquefied natural gas (LNG) barges. There is also the option to build two more LNG barges. The barges,...

Hanwha Systems Advances into Satellite Antenna Market with Acquisition of British Firm

Jun 10, 2020 04:16 am UTC| Business

Hanwha Systems Co. has acquired British satellite communication antenna company Phasor Solutions Ltd., to secure a new growth driver. According to Kim Youn-chul, Chief Executive of Hanwha Systems Co., they swiftly...

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Economy

Oil Prices Ease After Sharp Rally as Trump Warns of More Action Against Iran

Oil prices slipped slightly during Asian trading on Thursday after posting their biggest gains in weeks, as investors locked in profits while monitoring escalating geopolitical tensions in the Middle East and tightening...

Fed Holds Interest Rates Steady as Kevin Warsh Says Rising Treasury Yields Tighten Financial Conditions

The Federal Reserve left its benchmark interest rate unchanged on Wednesday, maintaining the federal funds rate at 3.50% to 3.75% for a fifth consecutive meeting as policymakers continued to monitor inflation and broader...

US Stocks Slide as Fed Holds Rates, AI Chip Selloff Deepens and Oil Prices Surge

U.S. stocks ended sharply lower on Wednesday as investors reacted to a prolonged selloff in semiconductor stocks and a sharp rebound in oil prices, while awaiting earnings from Microsoft and Meta Platforms for fresh...

Oil Prices Jump as Trump Vows Response to Iran Attack, Supply Risks Return

Oil prices rebounded sharply on Wednesday after the United States said it intercepted a surprise Iranian missile attack and President Donald Trump pledged a forceful response, reigniting concerns over potential supply...

Gold Price Rallies as Fed Holds Rates, Middle East Tensions Boost Safe-Haven Demand

Gold prices climbed nearly 1% on Wednesday as investors flocked to safe-haven assets following renewed geopolitical tensions in the Middle East, while a weaker U.S. dollar after the Federal Reserves latest policy decision...

Politics

Lebanon Lawyers Seek Probe Into Banker Over Alleged Netanyahu Dinner in Washington

A group of Lebanese lawyers has filed a legal complaint urging the countrys top prosecutor to investigate prominent banker Antoun Sehnaoui over allegations that he co-hosted a dinner in Washington attended by Israeli Prime...

U.S. Launches Air Strikes on Iran After Alleged Missile Attack on American Forces

The United States launched air strikes against targets in Iran on Wednesday night, marking a sharp escalation in tensions across the Middle East following what Washington described as an attempted Iranian attack on U.S....

New Jewish-Arab Party Seeks Young Voters Ahead of Israel Election Amid Debate Over Arab Vote

A newly formed Jewish-Arab political party is aiming to attract younger voters ahead of Israels October 27 parliamentary election, but critics argue its emergence could divide the Arab vote and strengthen Prime Minister...

Oman Proposes Strait of Hormuz Plan as U.S. Rejects Iran Shipping Fee Idea

Oman has presented Iran with a Gulf-backed proposal to help manage shipping through the Strait of Hormuz, including a system of voluntary contributions from vessels, according to Reuters sources. The initiative aims to...

Ukraine F-16 Fighter Jet Crashes During Mission, Pilot Ejects Safely

Ukraines Air Force confirmed on Wednesday that one of its U.S.-made F-16 fighter jets crashed while carrying out a combat mission, although the pilot survived after successfully ejecting from the aircraft. According to a...

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

Sony Eyes $1.3 Billion Tamron Acquisition as Lens Maker Reviews Offer

Tamron (TYO:7740) confirmed Thursday that it has received a non-binding acquisition proposal from Sony (TYO:6758), following reports that the potential deal could be worth approximately 200 billion yen ($1.3 billion). The...

SpaceX Wins $1.6 Billion U.S. Space Force Launch Contracts for Falcon 9 Missions Through 2027

SpaceX has secured $1.6 billion in new contracts from the U.S. Space Force to carry out 18 Falcon 9 rocket launches through 2027, further strengthening its position as the Pentagons leading commercial launch provider. The...

Samsung Q2 Profit Surges on AI Memory Chip Demand, Forecasts Strong Second Half

Samsung Electronics reported stronger-than-expected second-quarter earnings, driven by soaring demand for artificial intelligence (AI) memory chips as global investment in AI infrastructure continued to accelerate. For the...

Russia Charges Telegram Founder Pavel Durov With Facilitating Terrorism, Seeks International Arrest

Russia has formally charged Telegram founder Pavel Durov with facilitating terrorist activity, accusing the messaging platform of being used by Ukrainian intelligence services to recruit operatives and organize attacks...

Meta Stock Drops After Earnings Miss as AI Spending and Legal Costs Weigh on Profit

Meta Platforms (NASDAQ: META) shares fell 8% in after-hours trading after the social media giant reported second-quarter earnings that missed Wall Street expectations and issued weaker-than-expected third-quarter revenue...