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Wed, May 15, 2024 10:36 AM All times are UTC

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Starbucks Korea terminates CEO due to a string of lapses

Oct 31, 2022 04:48 am UTC| Business Economy

Starbucks Korea announced it has hired Shinsegae ICs chief, Song Jun Hyun, to be its new chief executive officer. He will be immediately replacing the outgoing CEO Song Ho Seop who will be leaving amid criticisms over his...

KakaoTalk gaining back users after losing them due to widespread system crash

Oct 31, 2022 04:47 am UTC| Business Economy

KakaoTalk is said to be gaining back the users it lost because of the system crash that happened more than a week ago. The blackout created many issues as well as controversies because the mishap uncovered the fact that...

Shinhan Securities becomes the first South Korean securities company to open an office in Silicon Valley

Oct 31, 2022 03:17 am UTC| Business Economy

Shinhan Securities Co., Ltd. held a ceremony this week to celebrate the opening of its newest overseas office in the United States. The company inaugurated its office in Silicon Valley and officially became the very first...

Samsung Electronics heir Lee Jae Yong promoted to chairman post

Oct 31, 2022 03:17 am UTC| Business Economy

Samsung Electronics has finally appointed Lee Jae Yong as its new chairman after serving as its de facto leader since his father, Lee Kun Hee, died in 2020. He will now formally succeed his father and lead the company...

Lamborghini, Rolex sell out in Dubai despite soaring cost of living, inflation

Oct 31, 2022 00:03 am UTC| Life Economy Business

Lamborghini supercars and luxury Rolex watches have sold out across Dubai amid increasing cost of living and surging inflation. The wealthy are treating constant efforts to battle inflation as an opportunity for...

Soaring consumer prices in S. Korea impact street snacks

Oct 30, 2022 23:30 pm UTC| Life Economy Business

The prices of popular street snacks in South Korea are rising, largely due to the rising price of flour, red beans, cooking oil, and other ingredients. The price of liquefied petroleum gas used has increased from 725...

Metaverse zone created for Coca-Cola's Fan Festival.

Oct 30, 2022 23:00 pm UTC| Technology Economy Business Life Digital Currency

Coca-Cola has collaborated with TMELAND to open a new metaverse zone for Coca-Colas Fan Festival. Accessible for the first time via WeChat mini-programs, users can create their own digital Coca-Cola avatar and explore...

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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...

If the RBA’s right, interest rates may not fall for another year. Here’s why.

The Reserve Bank is now assuming Australians will see no interest rate cuts this year and quite possibly none before the next federal election, due next May. Thats a big change compared to just three months ago. Back...

Some experts say the US economy is on the up, but here’s why voters don’t think so

Many Americans are gloomy about the economy, despite some data saying it is improving. The Economist even took this discussion to TikTok. When its US editor John Prideaux examined inflation, wage and employment numbers,...

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...

Taiwan is experiencing millions of cyberattacks every day

Taiwan stands out as a beacon of democracy, innovation and resilience in an increasingly autocratic region. But this is under growing threat. In recent years, China has used a variety of grey zone tactics to pressure...

Science

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...

A Nasa rover has reached a promising place to search for fossilised life on Mars

While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is trundling around Mars looking for fossils. Unlike its predecessor Curiosity, Nasas Perseverance rover is explicitly intended to...

Technology

GameStop, AMC Stocks Soar as 'Roaring Kitty' Returns, Sparking Meme Stock Frenzy

Shares of retail investor favorites GameStop and AMC Entertainment surged on Tuesday, fueled by social media posts from Keith Gill, also known as Roaring Kitty, the key figure behind the 2021 meme stock...

ECB Calls for Monitoring and Possible Regulation of AI in Finance

The European Central Bank (ECB) has highlighted the need for careful monitoring and potential regulation of artificial intelligence (AI) in the financial sector to prevent harm to consumers and ensure market stability....

BYD Launches Shark Hybrid Pickup in Mexico, Eyes New Factory Amid US Tariff Hike

BYD has introduced its Shark hybrid pickup truck to the Mexican market, with plans for a new factory, aiming to bolster its North American footprint despite recent U.S. tariff hikes on Chinese electric vehicles. BYDs...

Important Shiba Inu Metric Explodes by 2,300% as SHIB Price Rises: Details Inside

Important Shiba Inu metric explodes by 2,300% as the SHIB price rises. Shiba Inu adoption continues to grow, with users now able to book Airbnb and buy Nike clothes via SHIB. Shiba Inus Daily Volume Surges 2,300%,...

Pepe Coin Reaches New ATH as Smart Money Moves 250.5B PEPE Tokens

Pepe currency has emerged as one of the most promising cryptocurrencies in the meme coin industry this year, recently reaching a new all-time high. Despite the turmoil in the broader crypto market, the coin has defied...