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Wed, May 06, 2026 03:17 AM All times are UTC

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Hyundai Electric Inks W35-B Saudi Deals

May 12, 2020 02:45 am UTC| Business

Hyundai Electric and Energy Systems Co. will supply transformers to Saudi Electricity Co. in a 23 billion won deal, and provide gas-insulated switchgear to Saudi Aramco for 12 billion won. The two orders worth 35...

Volvo Cars to Utilize SK Telecom's Infotainment Service

May 12, 2020 02:45 am UTC| Business

Volvos cars to be sold in South Korea in 2021 will use SK Telecoms (SKTs) integrated in-vehicle infotainment service. SKTs IVI service will be among the basic specifications for all 2022 Volvo models in South Korea to...

S.Korea's Online Sellers Zero in on 'Retaliatory Consumers'

May 12, 2020 02:45 am UTC| Business

Online shopping mall operators will offer discounts of up to 72 percent to attract consumers eager for buying sprees after weeks of social distancing. Voraciously spending as a way of relieving stress during the...

Foreigners Raise Stake in S.Korean Bonds Amid COVID-19 Woes

May 12, 2020 02:44 am UTC| Business Investing

Foreign groups poured 16.9 trillion won in South Korean bonds in March and April to push their investments to 140.9 trillion won, according to the Financial Supervisory Service (FSS). The figure marks the first time...

S.Korea's JB Only Provincial Bank to Post Increased Net in Q1

May 12, 2020 02:44 am UTC| Business

JB Financial Group posted the only earnings increase among provincial banks, up 4.3 percent from last year to 96.5 billion won. BNK and DGB financial groups, the other South Korean provincial banks, both suffered net...

What makes a great retail experience?

May 12, 2020 02:02 am UTC| Business

Every part of the supply chain management system has its pros and cons. If we talk about retailers, they too have their challenges and pressures. It primarily includes improved customer experience, reduced delivery costs,...

How To Cope-Up: Covid-19 has hit the Credit Lines Quite Hard

May 12, 2020 02:00 am UTC| Business

If the third world war with the latest missiles or even nuclear arms would have taken place and hit the world economy, it wouldnt have surprised us like this Covid-19 has changed the complete thought process. All the...

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Economy

Wall Street Futures Climb as Trump Signals Iran Deal Progress

U.S. stock index futures moved higher Tuesday night after President Donald Trump announced a temporary pause in Operation Freedom, a military initiative aimed at reopening the Strait of Hormuz. Investors reacted positively...

Oil Prices Slide as Middle East Tensions Ease and U.S. Crude Inventories Shrink

Oil prices continued to decline during Asian trading on Wednesday as improving geopolitical sentiment in the Middle East reduced fears of supply disruptions, while traders also evaluated fresh data showing a sharp drop in...

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...

Politics

Rubio Signals Possible U.S. Action on Cuba, Calls Current Situation “Unacceptable”

U.S. Secretary of State Marco Rubio said Tuesday that the current situation in Cuba is unacceptable, signaling that the United States intends to address ongoing concerns involving the island nation in the future. Speaking...

Lula and Trump to Discuss Brazil-U.S. Anti-Crime Partnership During Washington Meeting

Brazilian President Luiz Inacio Lula da Silva is expected to prioritize security cooperation and organized crime prevention during his upcoming meeting with U.S. President Donald Trump in Washington this week. According to...

Trump Pauses Strait of Hormuz Shipping Operation as Iran Deal Nears

U.S. President Donald Trump announced Tuesday that the United States will temporarily pause Project Freedom, the military operation aimed at restoring commercial shipping through the Strait of Hormuz, as Washington moves...

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...

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

AMD Q1 Earnings Surge on AI Demand, Stock Jumps After Strong Guidance

AMD delivered stronger-than-expected first-quarter 2026 earnings, fueled by booming demand for artificial intelligence infrastructure and data center chips. The semiconductor giant reported adjusted earnings of $1.37 per...

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...