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South Korea to build world's largest offshore wind farm for 48.5 trillion won

Feb 05, 2021 23:44 pm UTC| Economy Business

South Korea unveiled a plan to build the worlds largest offshore wind power plant with a maximum capacity of 8.2 gigawatts at 48.5 trillion won as a major component of President Moon Jae-ins Green New Deal. The 8.2 GW...

US thanks Taiwan for helping resolve auto chips shortage

Feb 05, 2021 23:40 pm UTC| Economy Business

The US expressed its gratitude to Taiwan for helping resolve a chip shortage that has snarled auto production, said Taiwan Economy Minister Wang Mei-hua. It transpired during a high-level closed-door meeting attended by...

Tiktok rival Kuaishou raises $5.32 billion in world's biggest IPO since 2019

Feb 05, 2021 23:25 pm UTC| Economy Business

The Tencent-backed Kuaishous stock closed at $38.70 apiece, marking a 161 percent jump over the $14.80 the firm issued them at, raising $5.32 billion in the offing--the biggest IPO since the pandemic began. If the...

Ford posts strong Q4 results, vows to invest $29 billion on electric and self-driving cars

Feb 05, 2021 23:20 pm UTC| Economy Business

Ford made $1.3 billion in the fourth quarter of 2020, excluding special items, more than twice the $499 million made in the last quarter of 2019, as it vows to invest $29 billion in electric and autonomous vehicles. But...

Yogiyo, eBay: South Korean brands struggle to find buyers

Feb 05, 2021 11:12 am UTC| Business Economy

Yogiyo and the South Korean division of eBay are two of the major companies that have been listed for sale this year. While these businesses are still active and can be lucrative, it was revealed that no one is interested...

General Motors forced to reduce production in the U.S. and S. Korea due to chip shortage

Feb 05, 2021 10:32 am UTC| Business Economy

General Motors announced this week that it will be reducing its production at four factories. The American automaker was forced to do this as chips needed to complete a vehicle has run out already. GM reveals the...

Farewell to Low Battery: Power Bank Sharing Apps

Feb 05, 2021 09:03 am UTC| Business

Picture this: youre out and about, just enjoying your day when a call comes through. Its the call youve been waiting for all day, from your boss or perhaps from your significant other, and just as you tap to answer, your...

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Economy

US Moves to Secure Gulf Shipping Amid Rising Tensions with Iran

The United States has announced plans to assist vessels stranded in the Strait of Hormuz following escalating tensions linked to the U.S.-Israeli conflict with Iran. President Donald Trump stated that efforts would begin...

Middle East Conflict Impacts Australia and New Zealand Businesses

Companies across Australia and New Zealand are increasingly feeling the economic pressure caused by the ongoing Middle East conflict, particularly the U.S.-Israeli war involving Iran. Rising fuel prices, supply chain...

Global Markets Rise as Oil Prices Stabilize Amid Middle East Tensions

Asian stock markets showed modest gains on Monday as investors reacted cautiously to ongoing developments in the Middle East conflict, while oil prices remained relatively stable. Market sentiment improved slightly due to...

Dollar Holds Firm as Asian Currencies Stabilize Amid Middle East Tensions and Rate Uncertainty

The U.S. dollar remained steady in Asian trading on Monday, while most Asian currencies moved within a narrow range as investors weighed geopolitical risks and uncertainty surrounding U.S. interest rates. Trading activity...

Gold Prices Hold Steady Amid Iran Tensions and Interest Rate Uncertainty

Gold prices remained relatively stable during Asian trading on Monday, as ongoing geopolitical tensions in the Middle East and uncertainty surrounding global interest rates continued to influence market sentiment. Despite...

Politics

Oil Prices Hold Above $100 Amid Strait of Hormuz Tensions and U.S.-Iran Uncertainty

Oil prices remained elevated above the $100 mark on Monday despite a slight pullback, as ongoing geopolitical tensions and supply disruptions continued to influence the global energy market. Brent crude futures dipped...

Australia Launches Public Hearings on Bondi Beach Shooting and Rising Antisemitism

Australia has officially opened public hearings into the Bondi Beach mass shooting that occurred in December, marking a significant step in a broader national inquiry into antisemitism and social cohesion. The tragic...

Ukraine Drone Strikes Hit Russian Oil Port Primorsk and Naval Targets

Ukraine has intensified its long-range drone campaign against Russia, targeting key energy infrastructure and military assets in a large-scale overnight assault. Ukrainian forces reportedly struck the Baltic Sea port of...

Taiwan President Lai Ching-te Visits Eswatini Amid Rising China Pressure

Taiwan President Lai Ching-te has arrived in Eswatini, marking a significant diplomatic move after his earlier trip was delayed due to restricted airspace access reportedly influenced by China. The visit underscores...

Japan Signals Potential Shift on Arms Exports, Opening Door to Ukraine Support

Japans recent decision to relax its long-standing weapons export restrictions has created a potential pathway for future defense cooperation with Ukraine, according to Kyivs ambassador to Tokyo. While no immediate arms...

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

Anthropic’s $1.5B AI Venture with Wall Street Firms Targets Private Equity Market

Anthropic is reportedly nearing completion of a major $1.5 billion joint venture with leading financial institutions, including Blackstone and Goldman Sachs, aimed at expanding the use of artificial intelligence tools...

Samsung Appoints New TV Business Head Amid Rising Competition from Chinese Rivals

Samsung Electronics, the worlds leading TV manufacturer, has made a significant leadership change in its television division for the first time in over two years. The company announced that Lee Won-jin, formerly head of...

U.S. Cybersecurity Pushes Faster Patch Deadlines Amid Rising AI-Driven Threats

U.S. cybersecurity officials are exploring significantly shorter deadlines for fixing critical vulnerabilities in government IT systems, driven by growing concerns that hackers are leveraging advanced artificial...

Apple Q2 2026 Earnings Surge as iPhone 17 Sales Drive Record Revenue

Apple delivered a strong fiscal Q2 2026 performance, reporting record-breaking revenue and profit growth fueled by robust iPhone sales and expanding services. The tech giant posted earnings of $2.01 per share on $111.18...

FBI Warns of China’s Expanding Hack-for-Hire Network Amid Extradition Case

The Chinese governments alleged hack-for-hire ecosystem is rapidly expanding and becoming increasingly difficult to control, according to a senior FBI official. Speaking on Thursday, FBI Assistant Director Brett Leatherman...