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Wed, Jul 01, 2026 11:49 PM All times are UTC

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Hyundai Motor secures third place as the largest carmaker in the world

Mar 17, 2023 08:41 am UTC| Business Economy

Hyundai Motor is now in the top three in the list of largest carmakers in the world. It has secured third place in the ranking in terms of sales, and this is said to be an impressive achievement since the brand made it to...

Burberry names McLaren Group’s exec as its new CFO

Mar 17, 2023 08:40 am UTC| Business Economy

Burberry, a British luxury fashion brand, announced this week that it had appointed Kate Ferry as its new chief financial officer. On Wednesday, March 15, the company confirmed that the current CFO of Formula One and the...

KT to deploy robots for delivery service on campgrounds via partnership with camping firms

Mar 17, 2023 08:28 am UTC| Business Economy

KT Corp. is adding more uses for its autonomous delivery robots and recently revealed these will be deployed to the camping grounds. The company is teaming up with camping service startups for its new robot delivery...

Korea Ginseng Corp opens its R&D hub in California to increase market share in US

Mar 17, 2023 07:15 am UTC| Business Economy

Korea Ginseng Corporation inaugurated its research and development (RD) center in California. The leading South Korean ginseng producer said on Wednesday, March 15, that it has set up a facility in the United States to...

Grubhub’s chief to step down as company considers sale

Mar 16, 2023 10:28 am UTC| Business Economy

GrubHub, an online food ordering company, is set to lose its second chief executive officer, as the current leader, Adam DeWitt, is reportedly stepping down. He will be the second CEO to leave the company in less than two...

Kellogg’s snack unit that houses Pringles renamed ‘Kellanova’

Mar 16, 2023 09:53 am UTC| Business Economy

Kellogg Company announced on Wednesday, March 15, that it has renamed its snacking unit after the company division. It has named it Kellanova, which will house the brands popular snacks such as Pringles and...

Kakao Entertainment discontinues the Korean unit of Tapas Entertainment

Mar 16, 2023 08:32 am UTC| Business Economy

Kakao Entertainment Corp. is reportedly discontinuing the Korean division of Tapas Entertainment, a next-generation media and entertainment firm, next month. The entertainment and mass media arm of the Kakao Group said...

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Economy

US Dollar Rises as Fed Rate Outlook Stays Hawkish, Euro Slips and Yen Near 40-Year Low

The U.S. dollar strengthened on Wednesday as fresh economic data reinforced expectations that the Federal Reserve could keep interest rates elevated. Investors also assessed remarks from Fed Chair Kevin Warsh, while the...

Asian Currencies Slip as Dollar Holds Firm, Yen Near Four-Decade Low Ahead of Fed, Jobs Data

Asian currencies mostly weakened on Wednesday as the U.S. dollar remained resilient, while the Japanese yen hovered near its weakest level in nearly four decades, keeping traders alert for potential intervention by...

Asian Stocks Mixed as South Korea Slides on Profit-Taking, Japan and China Gain on Strong Factory Data

Asian stock markets traded mixed on Wednesday, with South Korean equities leading regional losses as investors locked in profits after an exceptional second-quarter rally. Meanwhile, stronger manufacturing data from Japan...

Oil Prices Rise as U.S.-Iran Talks Keep Geopolitical Risks in Focus

Oil prices edged higher on Wednesday as uncertainty surrounding U.S.-Iran peace negotiations continued to support crude markets, even as record U.S. oil production pointed to improving global supply. Traders remained...

Gold Price Drops to Eight-Month Low as Fed Rate Hike Bets Weigh on Bullion. Source: Photo by Michael Steinberg via Pexels

Gold prices extended their losses during Asian trading on Wednesday, with bullion hovering near an eight-month low after recording its steepest quarterly decline in 13 years. Growing expectations that the Federal Reserve...

Politics

JD Vance Criticizes Vatican on Immigration, Defends Trump Border Policies

U.S. Vice President JD Vance said he disagrees with the Vaticans position on immigration, calling some of its recent comments troubling after Pope Leo repeatedly criticized President Donald Trumps immigration policies and...

U.S. Military Expands Venezuela Earthquake Relief Mission as Troop Presence Tops 900

The United States has significantly expanded its military presence in Venezuela to support humanitarian relief efforts following last weeks devastating earthquakes, with more than 900 U.S. personnel now operating inside...

Ukraine Preparing for Possible Russian Offensive From Bryansk, Military Chief Says

Ukraine is preparing for a possible new Russian offensive from the countrys northern border, although a direct assault on Kyiv is considered unlikely, according to Ukraines top military commander, Oleksandr Syrskyi....

Trump Prioritizes Iran Diplomacy Over Military Action as Nuclear Talks Continue

President Donald Trump has decided to keep diplomatic negotiations with Iran on track for now, despite recently reviewing options for renewed large-scale military action, according to a Wall Street Journal report citing...

UN Chief Urges Nations to Close $100 Million UNRWA Funding Gap

United Nations Secretary-General Antonio Guterres has appealed to member states to urgently fill a $100 million funding gap facing the U.N. Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), warning...

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

Anthropic Restores Claude Fable 5 and Mythos 5 After U.S. Lifts AI Export Controls

Anthropic announced late Tuesday that the U.S. government has lifted export restrictions on its Claude Fable 5 and Mythos 5 artificial intelligence models, allowing the company to begin restoring user access starting...

South Korea Alleges Google Abused Android App Store Dominance, Eyes Major Fine

South Koreas antitrust regulator has accused Alphabets Google of abusing its dominant position in the Android app marketplace, a move that could result in a significant financial penalty and new corrective measures if the...

Microsoft Reportedly Plans New Job Cuts Across Sales, Consulting, and Xbox

Microsoft is reportedly preparing another round of job cuts as the technology giant continues to reduce costs while increasing investment in artificial intelligence, according to a Business Insider report published...

Chip Stocks Rally as Samsung and SK Hynix’s $1.3 Trillion Investment Plan Boosts AI Optimism

Chip-equipment stocks surged on Tuesday after reports that South Koreas semiconductor leaders, Samsung Electronics and SK Hynix, plan to invest up to $1.3 trillion in new semiconductor manufacturing projects, reinforcing...

Nvidia Stock Rises as SemiAnalysis Sees AI Data Center Revenue Beating Wall Street Forecasts

Nvidia (NASDAQ: NVDA) shares rebounded on the final trading day of the quarter after bullish supply-chain research from independent semiconductor firm SemiAnalysis suggested the AI chipmakers data center business could...