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South Korea Recalls Kia, Volkswagen, Stellantis, Ford Vehicles for Defective Parts

Jun 08, 2023 11:02 am UTC| Business Economy

South Korea has issued a recall for vehicles made by four leading automakers, including Kia Motors, Volkswagen, Ford Motor, and Stellantis. The recall affects a combined total of more than 54,000 vehicle...

GameStop Ushers in New Era: Ryan Cohen Elevated to Executive Chairman, CEO Matt Furlong Ousted

Jun 08, 2023 10:34 am UTC| Business Economy

GameStop Corporations leadership undergoes major reshuffling as it elects Ryan Cohen as its new executive chairman immediately following the termination of CEO Matt Furlong. The reasons for Furlongs departure remain...

LG Energy, Australia's Novonix Sign Agreement for EV Battery Material Biz in the US

Jun 08, 2023 09:47 am UTC| Business Economy

LG Energy Solution Ltd. and Novonix Limited have joined forces for the electric vehicle (EV) battery material business in the United States. To be more precise, the companies have signed an agreement for artificial...

KakaoTalk’s ‘Silent Exit’ Option Activated in Chat Rooms by 2 Million Korean Users

Jun 08, 2023 09:36 am UTC| Business Technology Economy

KakaoTalk developed and launched the Silent Exit function in its group chat rooms, and within three weeks, it was reported that more than two million users in South Korea have already activated the new...

Subway Inks Record Deal for Massive Expansion in China, Targets 4,000 New Stores in 20 Years

Jun 08, 2023 09:35 am UTC| Life Economy Business

Subway announces an unprecedented deal with franchisee Shanghai Fu-Rui-Shi Corporate Development Co Ltd (FRS) to open 4,000 stores in mainland China over the next 20 years, marking its largest expansion yet. FRS will...

Samsung to Power Hyundai's Next-Gen Infotainment Systems With Exynos Auto V920 Chips

Jun 08, 2023 09:09 am UTC| Business Economy Technology

Samsung Electronics has secured a contract to provide Hyundai Motor with its advanced Exynos Auto V920 chips for next-generation in-car infotainment systems, launching in 2025. This marks the companies first collaboration...

TSMC Eyes Japanese Subsidy for Second Chip Plant Amid Growing Demand

Jun 08, 2023 09:00 am UTC| Technology Economy Business

Taiwan Semiconductor Manufacturing Co. (TSMC) enters talks with Japan for subsidized funding of a new Kyushu chip plant to mitigate the short supply of previous-gen chips, even as employee satisfaction issues spark...

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Economy

U.S. Stock Futures Slip as Fed Minutes Stir Rate Uncertainty; Walmart Earnings in Focus

U.S. stock index futures edged lower Wednesday night as investors weighed mixed signals from the Federal Reserves January meeting minutes, adding fresh uncertainty to the outlook for interest rates and monetary policy in...

Fed Minutes Signal Steady Interest Rates but Hint at Potential Rate Hikes if Inflation Persists

The Federal Reserves January Federal Open Market Committee (FOMC) minutes reveal that nearly all policymakers supported keeping interest rates unchanged, while leaving the door open for possible rate hikes if inflation...

Trump Says U.S. Trade Deficit Shrinking Sharply as 2026 Trade Surplus Looms

U.S. President Donald Trump said Wednesday that Americas trade deficit has narrowed significantly due to his 2025 trade tariffs, adding that the country could post its first trade surplus in decades as early as this year....

Gold Prices Hold Near $5,000 as Fed Outlook and Geopolitical Risks Shape Market Sentiment

Gold prices steadied during Asian trading on Thursday after surging more than 2% in the previous session, as thin liquidity from Lunar New Year holidays limited further upside. Investors continued to weigh persistent...

Xi Jinping Highlights People-to-People Ties as U.S.-China Relations Show Signs of Stabilization

Chinese President Xi Jinping reaffirmed the enduring importance of people-to-people exchanges between China and the United States, emphasizing that cooperation between the two nations will continue regardless of...

Politics

Lavrov Warns of Serious Consequences if U.S. Launches New Strike on Iran

Russian Foreign Minister Sergei Lavrov has warned that any new U.S. strike on Iran would trigger serious consequences and further destabilize the Middle East. In an interview aired by Saudi Arabias Al-Arabiya television...

U.S. Military Delegation Visits Venezuela After Maduro’s Arrest in Rare Diplomatic Shift

A senior U.S. military delegation led by General Francis Donovan, the top commander overseeing U.S. forces in Latin America, made a surprise visit to Venezuela on Wednesday, marking a significant development in...

South Korean Court to Deliver Landmark Verdict in Yoon Suk Yeol Insurrection Case

A South Korean court is set to deliver a pivotal ruling on whether former President Yoon Suk Yeol masterminded an insurrection during his controversial attempt to impose martial law in December 2024. The decision by the...

Putin Condemns New U.S. Sanctions on Cuba, Pledges Russian Support

Russian President Vladimir Putin met Cuban Foreign Minister Bruno Rodriguez at the Kremlin on Wednesday, strongly criticizing newly imposed U.S. restrictions on Cuba and reaffirming Moscows support for the island nation....

Kim Jong Un Highlights Advanced Rocket Launchers and New Defense Goals Ahead of Workers’ Party Congress

North Korean leader Kim Jong Un has announced that new military and construction objectives will be unveiled during the upcoming Ninth Congress of the ruling Workers Party, according to state media outlet KCNA. The...

Science

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...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Technology

Mark Zuckerberg Testifies in Youth Social Media Addiction Trial Over Instagram Policies

Meta Platforms CEO Mark Zuckerberg testified in a landmark Los Angeles trial addressing allegations that Instagram and YouTube contributed to youth social media addiction and harmed a young users mental health. The...

European IT Hardware Stocks to Watch as Gaming Demand Outpaces Smartphones, Says BofA

BofA Researchs February report highlights a clear split in European IT hardware demand trends, with gaming spending significantly outperforming other consumer technology categories while smartphone sales remain under...

Microsoft Plans $50 Billion AI Investment to Accelerate Growth in the Global South

Microsoft has announced plans to invest up to $50 billion by the end of the decade to expand artificial intelligence (AI) infrastructure and digital capabilities across countries in the Global South. The announcement was...

Qualcomm to Invest $150 Million in India AI Startups, Strengthening Presence in Growing Market

Qualcomm (NASDAQ: QCOM) announced on Wednesday that it plans to invest up to $150 million in a new fund dedicated to supporting artificial intelligence startups in India. The move highlights the chipmakers long-term...

Yotta to Build $2 Billion AI Data Centre Hub in India with Nvidia Blackwell Ultra Chips

Indian data centre operator Yotta Data Services has announced plans to invest more than $2 billion to develop one of Asias largest AI computing hubs, powered by Nvidias latest Blackwell Ultra chips. The large-scale AI...