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Tue, Mar 31, 2026 03:37 AM All times are UTC

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Google to readjust profit model as it vows to comply with S. Korean in-app rule

Sep 01, 2021 23:39 pm UTC| Law Technology Economy

Tech giant Google is seeking ways to readjust its profit models in South Korea within the bounds of the new law that curbs its app market duopoly with Apple. Google through its South Korean office vowed to comply with...

China's tough regulations on online games adversely impact S. Korean companies

Sep 01, 2021 04:26 am UTC| Law Economy

South Korean gaming companies have hit a snag after China abruptly announced a new tougher measure on young people playing online games. China limited online game playing to three hours a week for those under 18,...

Indian booking site Yatra's lawsuit over Ebix merger dismissed for lack of right to pursue claims

Sep 01, 2021 03:29 am UTC| Law Economy

Indian travel booking site Yatra Online Incs lawsuit against software company Ebix Inc for sabotaging their now-dissolved merger was dismissed by a Delaware judge for its lack of right to pursue breach of contract...

Pilots sue Southwest Airlines for alleged disregard of union bargaining duties during pandemic

Sep 01, 2021 02:49 am UTC| Law Economy

A union of pilots sued Southwest Airlines Co in federal court in Dallas for imposing forced time off and other changes to working conditions during the COVID-19 pandemic. The Southwest Airlines Pilots Association...

Amazon asks Indian regulator to withdraw approval of $3.4 billion Future-Reliance asset sale

Aug 31, 2021 20:05 pm UTC| Law Economy

Amazon.com Inc has asked the Securities and Exchange Board of India (SEBI) to order withdrawal of conditional approval given to Future Groups $3.4 billion retail assets sale, citing a US Supreme Court ruling. Amazon...

Six Chinese banks dodge $150 million liability in Nike counterfeiting case

Aug 31, 2021 01:36 am UTC| Law Economy

The 2nd US Circuit Court of Appeals ruled that six Chinese banks werent liable for $150 million in sanctions due to the failure of Next Investments LLC to freeze the assets of hundreds of Nike counterfeiters. Next,...

Woori ruling signals clemency for other bank chiefs in misselling scandal

Aug 30, 2021 17:46 pm UTC| Law Economy

The Seoul Administrative Courts ruling nullifying a penalty for Woori Financial Group Chairman and CEO Sohn Tae-seung signals clemency for other chiefs of banks and other financial institutions blamed for private fund...

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Economy

WTO Ministerial Collapse Leaves Global Digital Trade Rules in Limbo

Four days of high-stakes trade negotiations in Yaoundé, Cameroon ended in deadlock during the early hours of Monday, as World Trade Organization member states failed to agree on a reform agenda or renew a...

U.S. Trade Rep Dismisses WTO's Future Role After Failed Cameroon Summit

U.S. Trade Representative Jamieson Greer declared on Monday that the World Trade Organization will play only a marginal role in shaping future global trade policy, following a contentious ministerial meeting in Cameroon...

Bessent: Global Oil Market Well Supplied as U.S. Eyes Hormuz Navigation Control

U.S. Treasury Secretary Scott Bessent reassured markets on Monday that the global oil supply remains stable, pointing to increased vessel traffic through the Strait of Hormuz as a key indicator of improving conditions....

Aluminum Prices Surge Toward Four-Year Highs After Gulf Smelter Strikes

Global aluminum prices shot up sharply on Monday, approaching levels not seen in nearly four years after Iranian missile and drone attacks caused significant damage to major smelting facilities across the Gulf region. The...

Goldman Sachs Sees Value in European Real Estate Stocks Despite Sharp Selloff

European real estate stocks have taken a significant hit since late February, tumbling roughly 14% as rising bond yields and widening credit spreads weigh heavily on the sector. According to Goldman Sachs, valuations have...

Politics

FBI Labels Michigan Synagogue Attack as Hezbollah-Inspired Terrorism

Federal authorities have officially classified the March 12 attack on Michigans largest Jewish temple as an act of terrorism motivated by pro-Hezbollah ideology. The FBIs Detroit field office confirmed the designation on...

Trump Administration Resumes Partial Asylum Processing After Temporary Halt

The Trump administration has announced it will resume processing certain asylum applications following a temporary suspension that was triggered by a high-profile shooting involving an asylum seeker. U.S. Citizenship and...

Trump's Name Spreads Across America: Airports, Warships, and Currency

Florida Governor Ron DeSantis signed legislation Monday renaming Palm Beach International Airport after former and current President Donald Trump, marking yet another addition to a growing list of American institutions,...

Israel Passes Death Penalty Law Targeting Palestinians in Military Courts

Israels parliament has approved a controversial new law establishing hanging as the default sentence for Palestinians convicted in military courts of carrying out deadly attacks. The legislation, championed by far-right...

U.S. Army Investigates Military Helicopters Flying Near Kid Rock's Home and Anti-Trump Protests

The U.S. Army has launched an administrative review after military Apache helicopters were spotted flying near the Nashville home of rock star and Trump supporter Kid Rock, as well as near anti-Trump demonstrations held...

Science

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...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Technology

Cybersecurity Stocks Tumble After Anthropic's Claude Mythos AI Leak Sparks Market Fears

Major cybersecurity stocks took a sharp hit Friday following reports that Anthropic accidentally exposed details about its next-generation AI model before its official launch. CrowdStrike fell 7%, Palo Alto Networks...

Chinese Universities with PLA Ties Found Purchasing Restricted U.S. AI Chips Through Super Micro Servers

Procurement records reveal that four Chinese universities, two of which have direct ties to the Peoples Liberation Army, acquired Super Micro Computer servers loaded with restricted Nvidia AI chips over the past year. The...

Federal Judge Blocks Pentagon's Blacklisting of AI Company Anthropic

A federal judge has temporarily prevented the Pentagon from enforcing its designation of Anthropic as a national security supply-chain risk, dealing an early blow to the Trump administration in a growing dispute over...

SMIC Allegedly Supplies Chipmaking Tools to Iran's Military, U.S. Officials Warn

Chinas top semiconductor manufacturer, SMIC (Semiconductor Manufacturing International Corporation), has reportedly been transferring chipmaking equipment to Irans military industrial complex, according to two senior Trump...

Google's TurboQuant Algorithm Sends Memory Chip Stocks Tumbling

Major memory chipmakers took a significant hit on Thursday after Google researchers introduced a groundbreaking compression algorithm that threatens to reduce artificial intelligence demand for memory chips. Samsung...