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Hyundai Motor, Kakao Mobility partner to launch self-driving taxi service

Sep 20, 2022 07:31 am UTC| Business Economy

Hyundai Motor Group and Kakao Mobility have recently signed a memorandum of understanding (MOU) to launch a taxi-hailing service using a self-driving vehicle. The companies revealed on Monday, Sept. 19, that they will...

Volkswagen eyes €70-75 billion valuation in Porsche IPO

Sep 19, 2022 21:45 pm UTC| Business Economy Investing

Volkswagen is targeting a valuation of up to 75 billion euros for luxury sportscar maker Porsche, in what could possibly be Germanys second-largest IPO in history and Europes third-largest. The German carmaker will...

S. Korean carmakers' global market share dips to 7.7% in Q1

Sep 19, 2022 21:39 pm UTC| Business Economy Investing

South Korean carmakers sold 2.1 million units in eight major markets in the first half, down 9.9 percent from 2.33 million units in the same period last year, to dip its global market share to 7.7 percent. Their market...

PayPal may cut ties with Phoenix Suns if Robert Sarver returns

Sep 19, 2022 09:55 am UTC| Business Economy

PayPal Holdings Inc. revealed it would terminate its sponsorship contract with Phoenix Suns if its team owner, Rober Sarver, returns to the organization after a year of suspension. The financial technology firm said it...

Kimchi supply slows down due to cabbage shortage in South Korea

Sep 19, 2022 09:48 am UTC| Business Economy

Kimchi is a traditional side dish in South Korea and is traditionally made with salted and fermented vegetables such as napa cabbage. There is usually an endless supply of this side dish in the country but it seems that...

PS VR2 will not support games from the first PS VR ‘to deliver a truly next-generation experience’

Sep 19, 2022 09:47 am UTC| Technology Business

Fans of virtual reality gaming who own the first PlayStation VR headset will have to shelve their existing games if they plan on getting the PS VR2. Sony confirmed that the older titles would not work on the upcoming...

Bristol Myers, AbbVie biopharma firms to slash hundreds of jobs in California

Sep 19, 2022 09:47 am UTC| Business Economy

Bristol Myers and AbbVie are reportedly planning to terminate some of their staff in California. The job cuts will be the latest in a string of layoffs in the biopharma industry in the United States. As per Reuters, a...

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Economy

Asian Markets Mixed as Fed Decision, Iran Tensions, and Inflation Data Weigh on Sentiment

Asian stock markets showed mixed performance on Wednesday as investors remained cautious ahead of the U.S. Federal Reserves policy decision and ongoing geopolitical tensions between the United States and Iran. Market...

Trump Signals Prolonged Blockade Strategy Against Iran Amid Rising Tensions

U.S. President Donald Trump has reportedly directed his advisers to prepare for a long-term blockade of Iran, marking a strategic shift toward sustained economic pressure as Washington evaluates its next moves in the...

Australia Inflation Surges in March as Fuel Prices Spike Amid Middle East Conflict

Australias consumer price index (CPI) rose sharply in March, driven largely by higher fuel costs linked to geopolitical tensions in the Middle East. According to data released by the Australian Bureau of Statistics (ABS),...

Gold Prices Fall as Strong Dollar and Rising Oil Prices Pressure Markets

Gold prices dropped sharply on Tuesday, reaching their lowest level in nearly a month as a stronger U.S. dollar and rising oil prices weighed on investor sentiment. Spot gold declined 1.8% to $4,597.06 per ounce, while...

Oil Prices Slip Amid UAE’s OPEC Exit and Ongoing Iran Conflict Concerns

Oil prices edged lower on Wednesday after reaching a three-week high, as global markets reacted to the United Arab Emirates decision to exit the OPEC alliance. Despite the dip, continued geopolitical tensions surrounding...

Politics

King Charles Reaffirms UK-US Alliance Amid Global Tensions

King Charles III delivered a historic speech to the U.S. Congress, emphasizing the enduring strength of the UK-US alliance during a period marked by geopolitical uncertainty and strained relations. Addressing lawmakers,...

White House Defends Trump’s FIFA Peace Prize Amid Global Criticism

The White House has strongly defended the decision to award U.S. President Donald Trump the inaugural FIFA Peace Prize, pushing back against growing criticism from human rights organizations, athletes, and international...

Trump Meets King Charles: “Two Kings” Moment Sparks Debate on Presidential Power

U.S. President Donald Trump drew attention during a White House event welcoming King Charles and Queen Camilla, making remarks that blended history, symbolism, and political messaging. Reflecting on the shared heritage of...

U.S. Envoy Julie Davis to Retire Amid Ukraine War Diplomacy Challenges

Acting U.S. Ambassador to Ukraine Julie Davis is set to step down from her role in Kyiv and retire from the State Department in June 2026, according to U.S. officials. Her departure comes at a critical moment, as...

Trump-Iran Conflict Escalates as Nuclear Talks Stall and Oil Prices Surge

Efforts to resolve the ongoing Iran conflict have reached a critical deadlock, with U.S. President Donald Trump rejecting Tehrans latest proposal aimed at ending the two-month war. The geopolitical tensions between the...

Science

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...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

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...

Technology

TSMC Exits Arm Holdings with $231 Million Share Sale Amid Strategic Portfolio Shift

Taiwan Semiconductor Manufacturing Company (TSMC), the worlds leading contract chipmaker, has officially divested its remaining stake in Arm Holdings, marking the end of its investment in the UK-based chip designer....

T-Mobile Beats Q1 Earnings Expectations on Strong Postpaid Growth

T-Mobile US Inc. (NASDAQ: TMUS) delivered a strong first-quarter performance, surpassing analyst expectations thanks to robust postpaid subscriber growth and rising service revenues. The wireless carrier reported adjusted...

Seagate Stock Surges After Strong Q3 Earnings Beat and Bullish Outlook

Seagate Technology PLC (NASDAQ: STX) delivered impressive third-quarter results that surpassed Wall Street expectations, driving a sharp rise in its stock price. The data storage leader reported adjusted earnings per share...

Australia Targets Meta, Google, and TikTok With New News Payment Tax Proposal

The Australian government has announced a new plan that could impose multimillion-dollar charges on major tech platforms like Meta, Google, and TikTok if they fail to compensate local media companies for news content...

Lightelligence IPO Soars Over 400% in Hong Kong Debut Amid Rising AI Investment Demand

Shares of Lightelligence, the Shanghai-based optical computing company formerly known as Shanghai Xizhi Technology, delivered an explosive performance during their Hong Kong stock market debut, underscoring strong investor...