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Musinsa, Disney partner to release exclusive character products

Apr 28, 2023 09:06 am UTC| Business Economy

Musinsa Co. Ltd. and Walt Disney Co. have teamed up for an exclusive release of a fashion collection featuring Disney characters. The South Korean online fashion shopping platform signed a deal with the Korean unit of the...

Kirin Japanese brewer to buy Blackmores vitamin company for $1.24B

Apr 28, 2023 09:04 am UTC| Business Economy

Kirin Brewery Company is spending $1.2 billion to buy Australias most trusted brand for vitamins and nutritional supplements, Blackmores. The Japanese brewer agreed to acquire the vitamin maker as part of its plans to...

Microsoft's Activision Blizzard takeover blocked by the UK

Apr 28, 2023 08:43 am UTC| Business Economy

Microsofts acquisition of Activision Blizzard has been met with another hurdle as the antitrust regulator of the United Kingdom refused to give its approval. The antitrust watchdog has blocked the $69 billion takeover...

South Korea’s BHC Chicken opens first store in Singapore

Apr 28, 2023 08:25 am UTC| Business Economy

BHC Chicken, one of the leading fried chicken restaurant chains in South Korea, is expanding to Singapore. The very first branch was opened on Wednesday, April 26, on the second floor of the Marina Square shopping mall...

Kakao Pay acquires stake in US’ Siebert brokerage firm

Apr 28, 2023 07:34 am UTC| Business Economy

Kakao Pay Corp. is buying a total of 51% controlling stake in Siebert Financial Corp., an American investment advice company. The South Korean financial technology arm of the Kakao Group said on Thursday, April 27, that...

Bosch acquires TSI Semiconductors to expand EV chip production

Apr 28, 2023 06:58 am UTC| Business Economy

Robert Bosch GmbH, or simply Bosch, has agreed to acquire the California-based chipmaker TSI Semiconductors. The German multinational engineering and technology firm will also invest about $1.5 billion to expand the...

KG Mobility announced as preferred bidder for acquisition of Edison Motors

Apr 28, 2023 06:37 am UTC| Business Economy

KG Mobility has been chosen as the preferred bidder to acquire Edison Motors Co. The company, which is formerly known as SsangYong Motor Co., said this week that it is already in the process of buying the Korean electric...

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Economy

Asian Currencies Slide as Strong US Dollar and Hawkish Fed Pressure Regional FX Markets

Asian currencies weakened on Thursday as a stronger US dollar and hawkish signals from Federal Reserve officials weighed on regional foreign exchange markets. The South Korean won and Indian rupee led losses, while the...

BOJ Rate Hike to 1% by June in Focus as Inflation and Weak Yen Pressure Mount

The Bank of Japan (BOJ) is increasingly expected to raise its key interest rate to 1% by the end of June, according to a recent Reuters poll of economists. The shift in forecasts reflects growing concerns about rising...

Sanae Takaichi Seeks Market Trust as Japan Weighs Spending and Tax Cuts

Japanese Prime Minister Sanae Takaichi is preparing to defend her proactive fiscal policies as parliament begins deliberations on her flagship spending and tax cut plans next week. While Takaichi has pledged to boost...

RBNZ Signals Potential Interest Rate Hike as Inflation Outlook Remains Uncertain

New Zealands central bank has indicated that the next move in interest rates is likely to be upward, although economic uncertainty continues to cloud the timing. Karen Silk, Assistant Governor of the Reserve Bank of New...

Oil Prices Ease After 4% Surge as U.S.-Iran Tensions and Supply Risks Remain in Focus

Oil prices edged lower during early Asian trading on Thursday, retreating slightly after a sharp 4% rally in the previous session. Investors are closely monitoring rising geopolitical tensions between the United States and...

Politics

Bill Gates Pulls Out of India’s AI Impact Summit Amid Controversy and Event Mismanagement

Bill Gates withdrew from Indias AI Impact Summit just hours before his scheduled keynote address, dealing a major setback to the high-profile artificial intelligence event in New Delhi. The Gates Foundation confirmed that...

Trump Convenes Board of Peace as $5 Billion Gaza Reconstruction Fund Announced

U.S. President Donald Trump will chair the first meeting of his newly formed Board of Peace on Thursday, placing the future of Gaza reconstruction and regional stability at the center of global attention. The high-profile...

Peru Elects Jose Balcazar as Interim President Ahead of April General Elections

Peruvian lawmakers have elected veteran left-wing legislator Jose Balcazar as the countrys new interim president, marking Perus eighth president in just eight years and underscoring the nations ongoing political...

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....

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...

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

OpenAI Nears $100 Billion Funding Round at $850 Billion Valuation: Bloomberg Report

OpenAI is reportedly close to completing the first phase of a massive new funding round expected to raise more than $100 billion, according to a Bloomberg report citing sources familiar with the matter. The deal could push...

Microsoft Responds to ICE Surveillance Concerns Amid Azure Cloud Expansion

Microsoft said Wednesday it does not believe U.S. Immigration and Customs Enforcement (ICE) is using its technology for mass surveillance of civilians, following a report that the agency significantly expanded its use of...

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...