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Wed, May 06, 2026 02:35 AM All times are UTC

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Daewoo Shipbuilding to Build 411-B Won Floating Storage Facility

May 22, 2020 01:34 am UTC| Business

Daewoo Shipbuilding Marine Engineering Co. will build a 411 billion-won liquefied natural gas floating storage facility for a Central-America based company. The parties have agreed on a June 2023 delivery. Daewoo...

Korean Air Inks Deal to Supply Airbus with 400 Cargo Doors for A350s

May 22, 2020 01:34 am UTC| Business

Korean Air Lines Co. will supply Airbus with 400 cargo doors for its A350 planes in 2023. The South Korean carrier did not provide the value of the contract. In its previous deal with the European aircraft...

Global Geopolitics Series

US Senate Bill Could Block Chinese Firms From Listing in US Stock Market

May 22, 2020 01:33 am UTC| Business Politics Law

A US Senate bill requiring overseas firms to follow US standards for audits and other financial regulations could block some Chinese companies from listing and selling shares on American stock exchanges. The planned...

Baidu May Leave Nasdaq to List in Hong Kong, Boost Valuation

May 22, 2020 01:31 am UTC| Business

Chinese search engine Baidu Inc may delist from the US Nasdaq to boost its valuation and avoid ramifications caused by the increasing tension between the United and China on investments. Baidu, one of Chinas earliest US...

Korean Construction Equipment Makers Cashing In on Recovering Chinese Market

May 20, 2020 23:42 pm UTC| Business

South Korean construction equipment makers are enjoying increased sales in China, which is ramping up efforts to rebound from the coronavirus outbreak. Doosan Infracore, South Koreas leading construction equipment...

S. Korea to Produce Enough Hydrogen to Power 49,000 Cars

May 20, 2020 23:42 pm UTC| Business

South Korea plans to build more hydrogen production facilities in Busan, Daejeon, and three other cities that could power 49,000 cars or 760 buses annually. The facilities would utilize liquefied natural gas to produce...

Olympus to Exit Korean Camera Market

May 20, 2020 23:42 pm UTC| Business

Olympus Korea will discontinue its camera business on June 30 due to low profitability and will shift its focus on medical equipment and science solutions. The Korean unit of the Japan-headquartered firm that makes...

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Economy

China Services PMI Rises in April Despite Weak Export Demand

Chinas services sector expanded at a faster pace in April, supported by stronger domestic demand and rising new business activity, according to a private survey released Wednesday. The latest data highlights the mixed...

Copper Prices Hold Near Three-Week Low Amid Strong Dollar and Global Slowdown Fears

London copper prices stabilized on Tuesday after earlier slipping to a three-week low, as market sentiment remained pressured by a strengthening U.S. dollar and growing concerns over a potential global economic slowdown....

RBA Raises Interest Rates to 4.35% Amid Rising Inflation Risks and Middle East Tensions

The Reserve Bank of Australia (RBA) increased its benchmark interest rate by 25 basis points to 4.35% on Tuesday, a move widely anticipated by markets. The decision reflects growing concerns over inflation, particularly as...

Asian Currencies Hold Steady as RBA Rate Hike and Middle East Tensions Shape Market Sentiment

Asian currencies traded in a narrow range on Tuesday as investors remained cautious amid escalating geopolitical tensions between the United States and Iran, while also focusing on central bank policy signals. Market...

European Stocks Volatile as U.S.-Iran Tensions Threaten Oil Supply and Global Markets

European stock markets showed volatility on Tuesday as escalating tensions between the United States and Iran raised concerns about global oil supply disruptions and economic stability. The pan-European Stoxx 600 index...

Politics

NATO Tensions Rise as Trump Reduces U.S. Troops in Germany

European leaders are intensifying diplomatic efforts to keep the United States committed to NATO as tensions escalate following President Donald Trumps controversial decision to withdraw 5,000 U.S. troops from Germany....

Dominican Republic Halts GoldQuest Mining Project Amid Environmental Protests

The Dominican Republic has ordered the suspension of all activities tied to GoldQuest Minings proposed gold and copper development, following large-scale protests driven by environmental concerns. President Luis Abinader...

South Korea Probes Explosion on HMM Vessel in Strait of Hormuz Amid Rising Tensions

South Korea announced an investigation into the cause of an explosion and fire aboard a South Korean-operated cargo ship in the Strait of Hormuz, a critical global shipping route. The incident, which occurred on Monday,...

Armed Suspect Shot Near White House After Firing at Secret Service Officers

A tense security incident unfolded near the White House on Monday when U.S. Secret Service officers confronted an armed and suspicious individual, leading to an exchange of gunfire and a brief lockdown of the area....

Rudy Giuliani Hospitalized in Critical but Stable Condition After Pneumonia

Former New York City Mayor Rudy Giuliani is recovering in a Florida hospital after being diagnosed with pneumonia, according to his spokesperson. The 81-year-old political figure remains in critical but stable condition,...

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

Agentic AI Boom to Drive Massive Growth in CPU Market, UBS Says

The rapid rise of agentic AI is reshaping the future of data center infrastructure, creating major growth opportunities for CPU manufacturers such as Arm Holdings, AMD, and Intel. According to UBS analyst Timothy Arcuri,...

Supermicro Forecasts Strong Q4 Revenue Growth as AI Server Demand Surges

Super Micro Computer (NASDAQ: SMCI) projected fourth-quarter fiscal 2026 revenue above Wall Street expectations, driven by continued growth in artificial intelligence infrastructure and strong demand for data center...

Samsung Surpasses $1 Trillion Market Cap Amid AI Chip Boom and Apple Partnership Talks

Samsung Electronics has officially crossed the $1 trillion market valuation milestone for the first time, fueled by soaring demand for AI memory chips and growing speculation about potential partnerships with Apple and...

Intel Emerges as Key Contender in Apple’s Chip Manufacturing Strategy Shift

Apple Inc. (NASDAQ: AAPL) is reportedly exploring new partnerships with Intel Corp. (NASDAQ: INTC) and Samsung Electronics (KS: 005930) to manufacture its main processors, signaling a potential shift in its long-standing...

Palantir Reports Record Growth, Raises 2026 Revenue Outlook Above Expectations

Palantir Technologies delivered its strongest sales growth since going public, reporting impressive first-quarter 2026 results that exceeded Wall Street expectations and boosted investor confidence. The company announced...