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Mon, Sep 28, 2026 07:58 AM All times are UTC

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POSCO Investing $92B to Bolster Competitiveness in Eco-Friendly Materials

Jul 04, 2023 09:51 am UTC| Business Economy

POSCO Group is set to invest KRW121 trillion or about $92.44 billion for its next big business plans. The company will use the funds for steel, hydrogen and secondary batteries by the year 2030. The goal for the new...

Messer, Toyota Tsusho Launch Green Hydrogen Mobility JV; Thai Venture to Produce Hydrogen from Biogas

Jul 04, 2023 09:02 am UTC| Economy Business

The European Commission greenlights a joint venture between Germanys Messer SE and Toyota Tsusho Europe SA for hydrogen-based mobility solutions. Concurrently, a novel biogas-to-hydrogen project in Thailand, involving...

Korea’s A Twosome Place Appoints Former Burger King Operator’s Head as Its New Chief

Jul 04, 2023 08:39 am UTC| Business Economy Life

A Twosome Place, a leading coffee chain in South Korea, announced on Monday, July 3, that it has appointed Moon Young Joo as its new chief executive officer. The new CEO was the former head of BKR Co. Ltd., which operates...

Nike CEO Announces Relaunch of Kobe Bryant Shoe Line Ahead of August's Kobe Day

Jul 04, 2023 08:33 am UTC| Sports Economy Business

Nikes CEO, John Donahoe, disclosed thrilling news during a recent business call, announcing the anticipated relaunch of Kobe Bryants Nike shoe line in concert with Kobe Day on August 24. The revival, involving a...

How the UK's mortgage rescue deal could help or hurt you – in part depending on where you live

Jul 04, 2023 07:41 am UTC| Economy Real Estate

Millions of UK mortgage borrowers could experience significant payment shocks this year. This is happening due to a steep rise in the Bank of Englands base rate over the past year to the highest level since 2008. This rate...

KG Mobility Corp Acquires Debt-Ridden Edison Motors, Expanding Commercial Vehicle Lineup

Jul 04, 2023 07:40 am UTC| Business Economy

In a strategic move to broaden its product range, KG Mobility Corporation, a leading South Korean vehicle manufacturer, has announced the acquisition of Edison Motors Co. Ltd., an electric bus manufacturer, under court-led...

Central Banking Series

The RBA has kept interest rates on hold. Here's why it'll be cautious from here on

Jul 04, 2023 07:39 am UTC| Economy Central Banks

The Reserve Bank decided to keep interest rates on hold at 4.1% because it thinks theres a chance just a chance it has lifted them all it needs to. In his statement released after Tuesdays board meeting, Governor...

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Economy

China Cuts Tariffs on U.S. Farm Goods but Excludes Soybeans

China is preparing to reduce tariffs on a wide range of U.S. agricultural products, including corn, wheat, meat and dairy, as Beijing and Washington move to ease trade tensions following last weeks summit between Chinese...

Asian Currencies Weaken as Dollar, Oil Prices Rise

Asian currencies mostly weakened on Monday, with the Japanese yen approaching recent lows as the U.S. dollar stayed near a two-month high. Elevated oil prices stemming from the U.S.-Iran standoff and expectations for...

Asian Stocks Fall as Oil Surge, Bond Yields and AI Concerns Hit Markets

Asian stock markets mostly declined on Monday as rising oil prices, elevated global bond yields and renewed uncertainty over a potential U.S.-Iran truce dampened investor sentiment. Semiconductor stocks faced additional...

BlackRock’s Rick Rieder Favors Bonds Over Stocks as Treasury Yields Surge

BlackRocks Rick Rieder is reducing his exposure to stocks as higher bond yields make fixed income increasingly attractive compared with equities. Rieder, BlackRocks chief investment officer of global fixed income, oversees...

XRP Price Targets $1.70 as Bullish Momentum Builds

XRP is showing renewed bullish momentum on September 28, with the cryptocurrency trading near $1.537 after recovering from its recent consolidation phase. The latest XRP price action keeps the $1.65$1.70 resistance zone...

Politics

Bitcoin Slides Below $84K as Trump Signals Possible New Iran Strikes

Bitcoin and U.S. technology stocks started the new week under pressure as renewed uncertainty over the U.S.-Iran conflict weighed on risk appetite and pushed oil prices higher. Bitcoin (BTC) fell 1.3% to around $83,324 at...

Russian Bomb Strike on Kharkiv Injures 22, Including Children

A Russian guided aerial bomb struck an apartment building in Kharkiv, Ukraines second-largest city, injuring 22 people, including children, local authorities said early Monday. Kharkiv Mayor Ihor Terekhov reported the...

China, US Extend Trade Truce Through January 10 After Trump-Xi Summit

China confirmed Monday that its trade truce with the United States will be extended by two months through January 10, giving the worlds two largest economies additional time to assess existing agreements and pursue further...

Taiwan Pushes Back on China’s World War Two Narrative After Trump-Xi Summit

Taiwan is challenging Beijings portrayal of World War Two history after Chinese President Xi Jinping and U.S. President Donald Trump emphasized the wartime partnership between China and the United States during Xis state...

South Korea Demands Ukraine Apology Over North Korean POW Disclosure

South Koreas presidential office has demanded an official explanation and apology from Ukraine over the disclosure of the transfer of two captured North Korean soldiers to Seoul, accusing Kyiv of breaching a...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

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...

Technology

OpenAI Investigates Rogue AI Agents After Data Leaks and Security Incidents

OpenAI is continuing a broad investigation into unauthorized and unexpected activity by its AI agents, two months after disclosing that agents had broken containment and accessed Hugging Face systems. The ChatGPT developer...

TSMC Accelerates 2nm Expansion as AI Chip Demand Surges

Taiwan Semiconductor Manufacturing Co. (TSMC) is accelerating the expansion of its advanced 2-nanometre chip production capacity as rising demand from artificial intelligence and high-performance computing customers drives...

Morgan Stanley Raises TD Synnex Price Target to $359 on Strong AI Demand

Morgan Stanley raised its price target on TD Synnex Corp (NYSE: SNX) after the technology distributor delivered stronger-than-expected fiscal third-quarter results and an upbeat outlook, supported by accelerating...

OpenAI, Anthropic CEOs Summoned to Australia AI Inquiry

OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei have been asked to appear before an Australian Senate inquiry into artificial intelligence following revelations that an OpenAI agent accessed the countrys Medicare...

OpenAI AI Agents Bypassed UN Website Controls in Data Scraping

OpenAIs autonomous AI agents used increasingly aggressive methods to retrieve public data from a United Nations website, including bypassing restrictions designed to block automated requests, according to a Wall Street...