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Mon, Sep 28, 2026 07:59 AM All times are UTC

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Five Guys' South Korean Debut Sparks Controversy: Burgers Sold for Hefty Profit on Secondhand Market

Jun 29, 2023 07:56 am UTC| Economy Business Life

An incident unfolded on an online secondhand marketplace involving none other than the renowned U.S. burger franchise, Five Guys. As the brand made its grand debut by opening its first South Korean restaurant in Seouls...

Nongshim, Samyang to Trim Prices in South Korea Due to Pressure Arising from Inflation Woes

Jun 29, 2023 07:39 am UTC| Business Economy

Nongshim, Samyang, Shin Ramyun and other leading brands of instant noodles and snacks in South Korea have announced price cuts after giving in to the pressure to do so. With this move, the prices of such products have...

Lotte Chilsung Beverage's Sol's Eye Soars in Sales, Fueled by New 500ml Bottle, Soju Cocktail Trend

Jun 29, 2023 07:22 am UTC| Life Economy Business

Lotte Chilsung Beverages Sols Eye has experienced an impressive 70% YoY sales increase, propelled by the introduction of a new 500ml PET product and the growing popularity of soju cocktails. Celebrities have played a...

Supreme Court Denies Nike's Final Appeal in Patent Case Against Adidas

Jun 29, 2023 07:05 am UTC| Business Economy

In a final blow to Nike Inc., the U.S. Supreme Court has declined to hear its appeal against a patent decision favoring Adidas, effectively closing a long-standing legal battle over sneaker technology patents. Now the...

Samsung on Track to Mass Produce 1.4 nm Chips by 2027

Jun 29, 2023 06:49 am UTC| Technology Business Economy

Samsung Electronics Co., the worlds largest memory chipmaker, recently revealed the exciting details of its advanced process roadmap as it prepares to compete against its archrival, Taiwan Semiconductor Manufacturing Co....

Ford Motor Confirms Layoffs Affecting Engineers in US, Canada

Jun 29, 2023 06:21 am UTC| Business Economy

Ford Motor Co. is slashing jobs in the U.S. and Canada as part of a broad cost-cutting strategy. The affected employees, primarily engineers, were informed this week with a reported estimate of about 1,000 job...

Swire Pacific Set to Sell Coca-Cola USA Unit for $3.9B to Sharpen Asia Focus

Jun 29, 2023 06:19 am UTC| Economy Business Life

Hong Kongs Swire Pacific Ltd is selling its Swire Coca-Cola USA unit to majority stakeholder John Swire Sons Ltd for a hefty $3.9 billion. As the firm braces for a major strategic shift, this divestment signals a sharp...

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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...