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Woori Bank vows to cooperate as regulators launch probe over suspicious remittances

Jun 29, 2022 08:02 am UTC| Business Economy

Woori Bank is reportedly being investigated over suspicious money transfers that have already reached the amount of KRW800 billion, which is around $623 million in US dollars. The bank is one of the top five largest in...

Ford issues recall for 2,900 F-150 Lightning trucks

Jun 29, 2022 07:52 am UTC| Business Economy

Ford Motor Co. announced on Monday, June 28, that it would be recalling some units of its F-150 Lightning pickup trucks. The company said the total number of the affected vehicles is 2,900. As per Reuters, out of the...

Starbucks, Samsung launch collaborative Galaxy smartphone and earbuds cases

Jun 29, 2022 07:48 am UTC| Business Economy

Starbucks coffee has teamed up with Samsung Electronics to release limited-edition smartphone cases and True Wireless Stereo (TWS) earbuds. These were specially designed for the latters Galaxy products. The items in the...

Burger King offers the new Southwest Bacon Whopper in 4 versions

Jun 29, 2022 02:09 am UTC| Life Economy Business

Burger King is offering the Southwest Bacon Whoppers in four versions: baseline, double, junior, and impossible. The standard Southwest Bacon Whopper consists of a flame-grilled quarter-pound beef patty, seasoned...

Hyundai Doosan Infracore developing hydrogen combustion engine

Jun 29, 2022 01:02 am UTC| Nature Economy Business

Hyundai Doosan Infracore Co. will develop a hydrogen combustion engine that will be mounted in commercial vehicles, buses, and construction machinery by 2024. The engine will be mass-produced by 2025 after going through...

Jaguar, Volvo -backed blockchain sustainability firm Circulor raises $25 million

Jun 28, 2022 23:43 pm UTC| Technology Economy Business

UK-based blockchain startup Circulor, whose existing investors include Volvo and Jaguar Land Rover, announced a $25 million funding round led by Silicon Valley venture firm Westly Group. The round also adds HG Ventures...

South Africa bans use of meat-like terms to describe plant-based alternatives

Jun 28, 2022 22:31 pm UTC| Health Law Economy Business

South Africa has prohibited the use of meat-like names, such as veggie biltong, plant-based meatballs, and vegan nuggets, to describe plant-based alternatives According to the South African Department of Agriculture,...

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Economy

Stock Market Update: Fed Holds Rates Steady as Tech Earnings and Geopolitical Tensions Shape Outlook

Wall Street ended mostly lower as investors reacted to the Federal Reserves decision to keep interest rates unchanged, a move that was widely expected but still influenced market sentiment. The SP 500 and NASDAQ Composite...

US-Iran Conflict Escalates Amid Oil Blockade and Rising Global Tensions

The United States-Iran conflict continues to intensify as President Donald Trump engages with oil executives to address the potential long-term impact of a U.S. naval blockade targeting Irans oil exports. The blockade,...

Gold Prices Dip Ahead of Fed Decision Amid Rising Middle East Tensions

Gold prices slipped on Wednesday as investors weighed ongoing geopolitical risks in the Middle East alongside expectations surrounding the Federal Reserves upcoming interest rate decision. Spot gold declined by 0.5% to...

Kevin Warsh Advances Toward Fed Chair Role Amid Political Tensions

Kevin Warsh, former Federal Reserve governor and U.S. President Donald Trumps nominee to lead the Federal Reserve, is expected to clear a critical step in the confirmation process as the Senate Banking Committee prepares...

Trump Urges Iran to Sign Nuclear Deal Amid Ongoing Conflict and Port Blockade

U.S. President Donald Trump has intensified pressure on Iran, urging its leadership to get smart soon and agree to a deal as tensions remain high following weeks of stalled negotiations. In a recent Truth Social post,...

Politics

US-China Talks Put Taiwan at Center of Rising Geopolitical Tensions

A high-stakes diplomatic meeting between the United States and China is drawing global attention, with Taiwan emerging as a central issue that could reshape regional stability. As U.S. President Donald Trump prepares for a...

Trump Considers Reducing U.S. Troops in Germany Amid NATO Tensions

U.S. President Donald Trump has signaled that his administration is reviewing a potential reduction of American troops stationed in Germany, a move that could reshape U.S. military presence in Europe and impact NATO...

US Proposes Maritime Freedom Construct to Secure Strait of Hormuz Shipping

The United States is urging allied nations to support a new international initiative aimed at safeguarding navigation through the Strait of Hormuz, a critical global shipping route that has recently experienced...

NYC Mayor Urges King Charles to Return Koh-i-Noor Diamond During U.S. Visit

New York City Mayor Zohran Mamdani has called on Britains King Charles III to return the historic Koh-i-Noor diamond to India, bringing renewed attention to long-standing debates over colonial-era artifacts. His remarks...

King Charles and Queen Camilla Honor 9/11 Victims During New York Visit Amid US-UK Tensions

King Charles III and Queen Camilla paid tribute to the victims of the September 11, 2001 terrorist attacks during a solemn visit to the 9/11 Memorial in New York City. The royal couple laid a floral arrangement at the site...

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

Alphabet Earnings Surge on AI Growth, Cloud Revenue, and Strong Search Performance

Alphabet Inc. delivered an impressive first-quarter performance, surpassing Wall Street expectations with strong growth driven by its Cloud division and core Search business. The tech giant reported adjusted earnings per...

Qualcomm Stock Surges Despite Weak Guidance After Q2 2026 Earnings Beat

Qualcomm Inc. (NASDAQ: QCOM) shares climbed sharply on Wednesday, closing up 9% after a volatile trading session triggered by its fiscal second-quarter 2026 earnings report and softer-than-expected forward guidance. The...

Microsoft Azure Growth Forecast Beats Expectations Amid Rising AI Competition

Microsoft has projected stronger-than-expected growth for its Azure cloud business, signaling continued momentum in the competitive cloud computing and artificial intelligence market. The company announced it expects Azure...

Samsung Reports Record Profit as AI Boom Drives Memory Chip Demand

Samsung Electronics posted a record-breaking quarterly profit, fueled by surging demand for AI infrastructure and rising memory chip prices. The global semiconductor leader reported a dramatic increase in earnings,...

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....