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Sun, May 19, 2024 03:18 PM All times are UTC

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KT to invest 23.6 billion won in fintech firms under Webcash Group

Jun 18, 2021 20:05 pm UTC| Economy Technology

KT Corp. will invest a total of 23.6 billion won in three companies under the fintech-focused Webcash Group to strengthen its foothold in financial services. Of the amount, 14.4 billion won would be invested in Webcash,...

S. Korea finds 378 firms falsifying communications equipment records

Jun 18, 2021 19:12 pm UTC| Economy Business

South Korea revoked conformity assessments on about 1,696 pieces of communications equipment from 378 companies, including those from Samsung Electronics Co. and Chinas Huawei Technologies Co. for falsified test...

Hyundai, Kia surpass Suzuki in vehicle sales in India

Jun 18, 2021 16:30 pm UTC| Economy Business

South Koreas for Hyundai Motor Co. and its affiliate Kia Corp. sold a combined 36,501 units in India in May, accounting for 35 percent share of the countrys auto sales, up from 23 percent in April, to claim market...

Supreme Court: Cocoa slaves can’t sue US firms for lack of standing

Jun 18, 2021 15:08 pm UTC| Law Economy Business

The US Supreme Court ruled that Africans enslaved on cocoa farms have no right to sue chocolate processors in the US, such as Nestle and Cargill, reversing lower courts in a 15-year-old case. In an 8 to 1 decision, the...

Coupang founder Kim Bom Seok quits from the company board

Jun 18, 2021 09:42 am UTC| Business Economy

Coupang founder, Kim Bom Seok, was revealed to have stepped down from the companys board. But then again, the move is for the betterment of the business as he is quitting just to have more time to work on overseas...

Hyundai, Kia's Europe sales more than double in May

Jun 18, 2021 09:38 am UTC| Economy Business

Hyundai Motor Co. and affiliate Kia Corp. sold a combined 88,171 vehicles in Europe last month, almost doubling the 42,492 units it sold in the same month a year ago due to robust demand and lower base effect. The...

Mazda to offer 13 new electrified vehicles by 2025

Jun 18, 2021 09:31 am UTC| Economy Business

Mazda Motor Corp. will start launching new electrified vehicle models next year with a goal of offering 13 new variants globally by 2025, including three electric vehicles, five gas-electric hybrids, and five plug-in...

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Economy

What should you do if you can’t pay your rent or mortgage?

The cost of living crisis is making it difficult for many people to pay their bills, including housing costs. Private sector rents have increased by an average 9% over the year to February 2024, and rising interest rates...

Reducing energy demand and improving efficiency will help prevent the next gas crisis

Gas prices have relaxed, Europe has come out of the winter with record gas storage levels and a surfeit of liquefied natural gas is set to reach the shores of Europe over the coming years. Many commentators are hopeful...

Minimum wage for South African farm workers: study shows 2013 hike helped reduce poverty even though compliance was poor

Minimum wage policies are typically aimed at reducing poverty. Yet there is little direct evidence of this effect, especially in developing countries. And none for South Africa. In a recent paper, we consider the...

Gas is good until 2050 and beyond, under Albanese gas strategy

The Albanese government is talking up the crucial role of gas as a transition fuel through to 2050 and beyond. In a gas strategy to be released on Thursday, the government envisages the fuels uses would change over...

South Africa’s plan to move away from coal: 8 steps to make it succeed

The South African governments Just Energy Transition Implementation Plan was launched in November 2023. It is a roadmap guiding the country away from reliance on coal-fired power towards renewable energy alternatives by...

Politics

Donald Trump Allegedly Offers Oil Execs a Deal to Scrap EV Incentives for $1B Donation

Former President Donald Trump reportedly proposed a $1 billion deal to oil executives, offering to end electric vehicle (EV) subsidies in return for campaign funding, according to The Washington Post. This move underscores...

US Supreme Court upended decades of precedent in 2022 by allowing voters to vote with gerrymandered maps instead of fixing the congressional districts first

For the 2022 midterm elections, the U.S. Supreme Court allowed Alabama to use congressional districts that violated the law and diluted the voting power of Black citizens. A 5-4 vote by the Supreme Court in February...

Germany lowers voting age to 16 for the European elections

Ahead of the European parliament elections in June, Germany has lowered the age limit on participation to 16. This makes it the largest of just a handful of states in the EU to allow people under the age of 18 to vote....

South Africa will be president of the G20 in 2025: two much-needed reforms it should drive

South Africa will play an important international role in 2025 as president of the G20. The G20 is a group of 19 countries as well as the African Union and the European Union. Between them they represent 85% of global...

What early 2024 polls are revealing about voters of color and the GOP

By the end of winter 2024, the return of Donald Trump to the top of the GOP presidential ticket has revealed a surprising trend in the former presidents base of support: his increasing popularity among Black and Latino...

Science

Is dark matter’s main rival theory dead? There’s bad news from the Cassini spacecraft and other recent tests

One of the biggest mysteries in astrophysics today is that the forces in galaxies do not seem to add up. Galaxies rotate much faster than predicted by applying Newtons law of gravity to their visible matter, despite those...

Why are algorithms called algorithms? A brief history of the Persian polymath you’ve likely never heard of

Algorithms have become integral to our lives. From social media apps to Netflix, algorithms learn your preferences and prioritise the content you are shown. Google Maps and artificial intelligence are nothing without...

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup

A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this...

Dark matter: our new experiment aims to turn the ghostly substance into actual light

A ghost is haunting our universe. This has been known in astronomy and cosmology for decades. Observations suggest that about 85% of all the matter in the universe is mysterious and invisible. These two qualities are...

Technology

Tesla Offers Model 3 Demo Vehicles at Discounted Prices in U.S. and Canada

Tesla is offering demo Model 3 vehicles at a slight discount in the U.S. and Canada. These vehicles have low mileage and come with warranties, making them an attractive option for buyers looking for savings on Teslas...

Phantom Wallet Climbs Apple App Store Charts — Bullish Sign for Solana?

Phantom Wallet has climbed to third place in Apples app store utility category, sparking bullish sentiments for Solana among crypto experts and analysts. Phantom Wallet Ranks Third in Apple App Store, Sparking Bullish...

OpenAI Founders Sam Altman and Greg Brockman Defend After Safety Researchers Quit

OpenAI founders Sam Altman and Greg Brockman are defending their safety measures after top researchers Ilya Sutskever and Jan Leike resigned, highlighting internal disagreements on AI priorities. Key OpenAI Safety...

Analyst Predicts Ethereum ETF to Trigger Major ETH Market Moves Soon

Cryptocurrency analyst Michael van de Poppe forecasts that the upcoming Ethereum ETF announcement will cause significant market moves, despite a recent decline in trading volume. Ethereums ETF Announcement Expected to...

Venezuela Acts Tough on Crypto Mining Amid Energy Squeeze, Disconnects Bitcoin Farms

Venezuelas Ministry of Electric Power is disconnecting cryptocurrency mining farms from the national grid to manage energy demand and ensure a stable power supply. This measure follows the recent seizure of 2,000 Bitcoin...