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Tue, May 21, 2024 02:01 PM All times are UTC

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Blackstone hires former Citibank Korea CEO to lead office in S. Korea

Apr 28, 2022 07:23 am UTC| Business Economy

The Blackstone Group, an American alternative investment management company based in New York City, has recruited the former chief executive officer of Citibank Korea to be its new chairman for its office in South...

SK beats Hyundai Motor, becomes second-largest company in South Korea

Apr 28, 2022 06:24 am UTC| Business Economy

SK Group has secured second place in South Koreas Fair Trade Commission (FTC) list of biggest companies in terms of assets. It was previously the third-largest chaebol in the country, but it outpaced Hyundai Motor Group...

NetEase Cloud Music takes legal action against Tencent Music for alleged unfair competition

Apr 28, 2022 06:14 am UTC| Business Economy

NetEase Cloud Music accused Tencent Music Entertainment of plagiarizing its mobile app design and unfair competition practice; thus, it has filed a suit to make things right. The legal battle has further intensified the...

Chipotle overcomes labor shortage as staffing is back at pre-pandemic levels

Apr 28, 2022 05:55 am UTC| Business Economy

Chipotle Mexican Grill revealed that its staffing is back to the level before the COVID-19 pandemic hit. The companys chief executive officer and chairman, Brian Niccol, announced this development during the earnings call...

General Motors’ Chevrolet Corvette to go fully electric

Apr 28, 2022 05:44 am UTC| Business Economy

General Motors revealed this week that it would be producing a fully electric version of its Chevrolet Corvette luxury sports car model. The companys president, Mark Reuss, announced this plan through a post on...

Lotte Chemical to invest $200 million in JV to make EV batteries

Apr 28, 2022 01:06 am UTC| Business Economy

Lotte Chemical Corp. will invest US$200 million in the joint venture with US startup Soelect Inc., a North Carolina-based battery component maker, to produce lithium-metal anodes for electric vehicles in the US by...

POSCO to spend ₩70 billion on expanding industrial gas storage capacity

Apr 28, 2022 00:53 am UTC| Business Economy

POSCO will spend 70 billion won to expand its storage capacity of oxygen and nitrogen gas to 60,000 tons and 46,000 tons, respectively, from the current 49,000 tons and 36,000 tons. The firm operates industrial gas...

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Economy

Interest rates: the ugly dilemma facing Europe’s central banks – and why it’s a mistake to cut too soon

Central banks in Europe are discovering an old dilemma: when they lower interest rates because inflation is slowing down, its likely to weaken their currencies. This in turn may delay the fall in inflation towards their...

Europe is still in short-term crisis mode over Ukraine and lacks a vision for its post-war identity

Some believe that the war in Ukraine has fundamentally changed Europe, giving birth to a different kind of European order. That is, it appears to be driving structural shifts in the way Europe is run and organised that...

Mortgage prisoners: regulatory changes and low credit scores have left thousands trapped in a cycle of high payments

There are 8.5 million households in the UK who own a home with a residential mortgage, often with fixed interest rates from two to five years. Usually, when that mortgage deal ends, the borrower will move to another deal...

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...

Politics

Gabon: post-coup dialogue has mapped out path to democracy – now military leaders must act

At the end of April 2024, a long and peaceful process of national dialogue in Gabon between the military junta, presided over by coup leader General Brice Oligui Nguema, and civil society, represented by 580 civilians,...

How German media attention idealises female Ukrainian refugees

According to the latest available data, around 3.7 million Ukrainians are internally displaced, while nearly 6.5 million have registered as refugees globally. With 1.13 million, Germany has taken in the largest...

Over 26 million South Africans get a social grant. Fear of losing the payment used to be a reason to vote for the ANC, but no longer – study

Social grants to reduce poverty feature prominently in the campaign promises of political parties in South Africas 2024 national and provincial general elections, set for 29 May. The countrys social grants system is one...

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...

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's ‘Cybercab’ Robotaxi Interior Leaked in New Promotional Video

Tesla may have unintentionally leaked the interior of its highly anticipated Cybercab Robotaxi in a recent promotional video, sparking excitement and speculation. Teslas Robotaxi Vision Unveiled Over the past few...

Tron Founder Justin Sun's $2.5 Billion Ethereum Stash Sparks Investor Interest

Tron founder Justin Suns $2.5 billion Ethereum investment is stirring significant market interest, highlighting his confidence in the cryptocurrencys future. Justin Suns Ethereum Holdings Explained Tron founder...

Ethereum Price Target Reaches $4,000; Altcoins Gain 20% Amid Market Rally

Ethereums price target has climbed to $4,000, reflecting market momentum. Meanwhile, altcoins have gained 20%, contributing to the market rally. SEC Decision Could Propel Ethereum Price Beyond $4,000 On Monday, the...

Shibarium BONE Token Set for Potential Binance Listing, Price Up by 5%

Binances recent request for project proposals has ignited the Shiba Inu community, fueling a 5% surge in BONE token price amid speculation of a potential listing. Binances New Strategy Supports Small-to-Medium...

Wendy’s Launches $3 Breakfast Deal as McDonald’s Tests Limited $5 Value Meal in June

Wendys will offer a $3 breakfast deal starting May 20, while McDonalds plans a $5 value meal for June, reflecting a strategic push to attract budget-conscious consumers amid high inflation. Wendys $3 Breakfast Deal...