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Tue, May 14, 2024 09:15 PM All times are UTC

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S. Korean unicorn Karrot records $2.7 billion valuation

Aug 18, 2021 23:37 pm UTC| Economy Business

Danggeun Market Inc.s buying and selling app Karrot has raised $162 million from investors including DST Global, to record a $2.7 billion valuation and makes it one of the largest startups in South Korea. Karrot is...

Global crypto adoption among retail investors surge 881%, mostly from Vietnam, India, Pakistan, Ukraine

Aug 18, 2021 23:37 pm UTC| Digital Currency Economy

Global cryptocurrency adoption among ordinary investors surged 881 percent in the past year, with most coming from Vietnam, India, Pakistan, and Ukraine, according to crypto-analysis firm Chainalysis. Chainalysis, which...

S. Korean steelmakers POSCO, Hyundai negotiating higher prices with local shipbuilders

Aug 18, 2021 23:35 pm UTC| Economy Business

South Korean steelmakers POSCO and Hyundai Steel Co.are in the final stage of negotiations with shipbuilders over higher prices of thick steel plates. POSCO, South Koreas largest steelmaker, has reportedly proposed a...

Daewoo Shipbuilding swings to net loss of 1.25 trillion won in H1 due to increased costs, allowances

Aug 18, 2021 23:26 pm UTC| Economy Business

Daewoo Shipbuilding Marine Engineering Co. swung to a net loss of 1.25 trillion won in the first half due to increased costs and allowances after posting a net profit of 294 billion won a year ago. Sales dropped 45...

KT collaborates with KAIST to develop a hyperscale AI model

Aug 18, 2021 23:12 pm UTC| Economy Technology

South Korean telecom operator KT Corp has joined hands with KAIST, the countrys top science university to develop a hyperscale artificial intelligence (AI) language model. KT Corp plans to commercialize the model in the...

Samsung Heavy to sell shares in raising 1.23 trillion won for paying debts

Aug 18, 2021 23:12 pm UTC| Economy Business

Samsung Heavy Industries Co. will sell stocks to raise 1.23 trillion won to improve its financial health and develop eco-friendly shipbuilding technologies. The shipbuilder will issue 250 million common shares each...

Asiana's Q2 net profit up 22% on strong cargo demand for electronics, medical equipment, cherries, eggs

Aug 18, 2021 23:07 pm UTC| Economy Business

Asiana Airlines Inc.s second-quarter net profit jumped 22 percent to 60.8 billion won from 50 billion won a year earlier on strong cargo demand for electronics products, medical equipment, cherries, and eggs amid an...

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Economy

What should you do if you can’t pay your rent or mortgage?

The cost of living crisis is making it difficult for many people to pay their bills, including housing costs. Private sector rents have increased by an average 9% over the year to February 2024, and rising interest rates...

Some experts say the US economy is on the up, but here’s why voters don’t think so

Many Americans are gloomy about the economy, despite some data saying it is improving. The Economist even took this discussion to TikTok. When its US editor John Prideaux examined inflation, wage and employment numbers,...

Electric air taxis are on the way – quiet eVTOLs may be flying passengers as early as 2025

Imagine a future with nearly silent air taxis flying above traffic jams and navigating between skyscrapers and suburban droneports. Transportation arrives at the touch of your smartphone and with minimal environmental...

Electricity from farm waste: how biogas could help Malawians with no power

In sub-Saharan Africa, over 600 million people (more than 50% of the population) are without access to electricity. Malawi has one of the worlds lowest electricity access rates just 14.1% of the total population have...

High interest rates aren’t going away anytime soon – a business economist explains why

The Federal Reserve held interest rates steady at its May 1, 2024, policy meeting, dashing the hopes of potential homebuyers and others who were hoping for a cut. Not only will rates remain at their current level a...

Politics

Donald Trump Allegedly Offers Oil Execs a Deal to Scrap EV Incentives for $1B Donation

Former President Donald Trump reportedly proposed a $1 billion deal to oil executives, offering to end electric vehicle (EV) subsidies in return for campaign funding, according to The Washington Post. This move underscores...

Taiwan is experiencing millions of cyberattacks every day

Taiwan stands out as a beacon of democracy, innovation and resilience in an increasingly autocratic region. But this is under growing threat. In recent years, China has used a variety of grey zone tactics to pressure...

What the Supreme Court is doing right in considering Trump’s immunity case

Following the nearly three-hour oral argument about presidential immunity in the Supreme Court on April 25, 2024, many commentators were aghast. The general theme, among legal and political experts alike, was a...

US student Gaza protests: five things that have been missed

Coverage of the recent student encampments at more than 50 universities across the United States has focused on confrontations between opposing groups of protesters or between protesters and police. The spectacle of...

Will Solomon Islands’ new leader stay close to China?

Former foreign minister Jeremiah Manele has been elected the next prime minister of Solomon Islands, defeating the opposition leader, Matthew Wale, in a vote in parliament. The result is a mixed bag for former prime...

Science

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup

A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this...

Dark matter: our new experiment aims to turn the ghostly substance into actual light

A ghost is haunting our universe. This has been known in astronomy and cosmology for decades. Observations suggest that about 85% of all the matter in the universe is mysterious and invisible. These two qualities are...

A Nasa rover has reached a promising place to search for fossilised life on Mars

While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is trundling around Mars looking for fossils. Unlike its predecessor Curiosity, Nasas Perseverance rover is explicitly intended to...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Technology

Pepe Coin Reaches New ATH as Smart Money Moves 250.5B PEPE Tokens

Pepe currency has emerged as one of the most promising cryptocurrencies in the meme coin industry this year, recently reaching a new all-time high. Despite the turmoil in the broader crypto market, the coin has defied...

Analysts Predict Bitcoin (BTC) Surge to $70K Soon, Here’s Why

Despite a rise beyond $63,000 on May 13, Bitcoins price has fallen to $61,500 today (May 14). One cause for the drop could be Coinbases operating troubles. System Outage on US-Based Exchange Repairs, Analysts Predict...

1.5 Trillion Shiba Inu (SHIB) Transacted in 24 Hours: Is a Comeback Imminent?

Shiba Inu has seen 1.5 trillion SHIB tokens move in huge deals over the previous 24 hours. These whale-tier transactions take place during a significant volume rise in the market over the last 48 hours. Shiba Inu may...

Huawei Disputes Kirin X-Series PC Chip Rumors Amid Intel, Qualcomm Export License Cancellation

Huawei has denied allegations about its Kirin X-series PC chip development following the revocation of Intel and Qualcomms export licenses by the United States. Intel Export License Revocation Recently, the United...

OKX Expands to Australia, Introduces BTC, ETH, SOL Trading Options

OKX, a leading worldwide cryptocurrency exchange and Web3 technology business, has officially launched its crypto exchange services in Australia. This expansion is a big milestone for OKX, since it now provides spot (buy...