Meta Pauses Employee Activity Tracking Program Over Data Security Concerns 
Meta Reportedly Developing ‘Arena’ Prediction Market App to Rival Polymarket and Kalshi 
Samsung Electronics Stock Surges on Report of Massive $59 Billion Share Buyback Plan 
Kioxia Targets U.S. Listing as AI Chip Boom Accelerates 
SK Hynix Targets $29.4 Billion Nasdaq Listing to Expand AI Chip Business 
Pelosi Discloses Major Intel and Uber Call Option Purchases Worth Up to $6 Million 
WiseTech Global Denies Knowledge of Investigation Into Founder Richard White 
Nike CFO Shake-Up Fuels Concerns Over Turnaround Strategy 
Tencent Reviews Marvelous Stake as Gaming Giant Reassesses Global Investment Strategy 
Heineken Names JDE Peet’s CEO Rafael Oliveira as New Chief Executive 
SK Hynix Moves Closer to New York ADR Listing Amid AI Chip Boom 
Fortescue Faces Class Action Over Sexual Harassment Claims at Australian Mining Sites 
Ryan Cohen Rejects GameStop Pay Package, Prepares New eBay Acquisition Plan 
Samsung and SK Hynix Shares Jump After Micron Earnings Boost AI Chip Optimism 
SpaceX Stock Rebounds After Sharp Selloff, But Valuation Concerns Persist 
Bain Capital Nears Deal for Majority Stake in Volkswagen Marine Engine Unit Everllence 
Anthropic AI Model Uncovers Vulnerabilities in Classified U.S. Government Systems During Security Test 
Asiana Airlines Inc. said it will make its decision regarding the sale of its cargo business to secure the approval of the European Union regulators for its merger with Korean Air Co. via a buyout deal. The company said it hopes that its resolution will be of big help to the takeover.
Asiana Airlines said that executives will convene on Monday, Oct. 30, so they can decide if their plan to sell the cargo unit will proceed or not. The air carrier aims to aid its former rival, Korean Air, with its company acquisition.
Quest for the Elusive EU Approval
Korean Air has been seeking to receive the “go ahead” signal from the EU regulators for its acquisition of Asiana Airlines, which is the second largest airline in South Korea. Since the approval is taking time with no certainty, the latter is also taking steps for the antitrust watchdog to agree.
According to Yonhap News Agency, the main concern of the EU antitrust group is that the merger of Korean Air and Asiana Airlines will limit competition in the two markets- the cargo air and passenger transport services - between the EU and South Korea.
The board meeting has been set for today and will take place in the afternoon. Shareholders are said to be watching the developments closely because the result can either make or break the acquisition deal.
Shares of Asiana Airlines, Korean Air Surge Ahead of the Decision
In the morning trade on Oct. 30, it was reported that shares of both Korean Air and Asiana Airlines have increased. The result was boosted by the high expectations from the outcome of the board meeting, which is expected to bolster the chances for EU regulatory approval.
Korea Joongang Daily reported that Asiana Airlines’ stock price soared by 13.8% as of 9:47 a.m. today. On the other hand, Korean Air Lines gained a 0.56 percent increase, and its preferred stock is also up by 6.5%.
