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Thu, Jul 02, 2026 09:55 PM All times are UTC

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South Korean businesses call off promotions, events due to the Itaewon disaster

Nov 01, 2022 06:27 am UTC| Business Economy

Major companies have called off their promotions and events as South Korea mourns the passing of 156 young people during the weekends Halloween festival in Itaewon. Businesses have prepared a lot for the popular...

Stellantis cancels JV with China's GAC to file for bankruptcy

Nov 01, 2022 04:55 am UTC| Business Economy

Stellantis NV announced it has broken off its joint venture with Chinas Guangzhou Automobile Group Co. Ltd. (GAC). The Hoofddorp, Netherlands-headquartered automobile company, also said it would file for bankruptcy of its...

Hana Bank, Lotte E&C partner to launch asset management service for the elderly

Nov 01, 2022 04:28 am UTC| Business Economy

Hana Bank has signed a deal with Lotte Engineering Construction jointly launch an asset management company that will offer special services to the elderly or senior customers. The companies noted that the number of old...

Itaewon’s business revival fades with the Halloween tragedy

Nov 01, 2022 04:02 am UTC| Business Economy

Itaewon has been the center of news the past weekend as the Halloween festival celebration has turned deadly. In the latest report, more than 150 people were confirmed dead, and 26 of them were foreigners that include five...

Revlon mulls company sale amid bankruptcy

Nov 01, 2022 03:53 am UTC| Business Economy

Revlon Inc. revealed last week it is now considering the sale of the company while it is dealing with financial ruin. Bankruptcy lawyers said in court that the American cosmetics firm is connecting with possible buyers to...

New Balance to celebrate Coco Gauff deal extension with signature colorway

Oct 31, 2022 23:51 pm UTC| Sports Economy Business

Tennis Star Coco Gauff has inked a long-term extension for her first contract with New Balance, which she signed at age 14. To celebrate the extension, New Balance is launching a new colorway of 18-year-old Gauffs...

Jaguar Land Rover to use Wolfspeed's Silicon Carbide semiconductors

Oct 31, 2022 23:49 pm UTC| Nature Economy Business

Wolfspeed, Inc. has partnered to supply Silicon Carbide semiconductors to Jaguar Land Rovers next-generation electric vehicles. Wolfspeeds advanced Silicon Carbide technology will be used in the vehicles inverter,...

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Economy

Turkey Vehicle Sales Fall 11.4% in June as Auto Market Weakens

Turkeys automotive market lost momentum in June, with total vehicle sales declining compared to the same period last year, reflecting softer demand across both passenger cars and light commercial vehicles. The latest...

South Korea Warns Won Is Undervalued, Boosts FX Coordination With Japan

South Korea signaled heightened vigilance over its currency market on Thursday, with Vice Finance Minister Huh Chang saying the government is maintaining close communication with Japan and other major partners on foreign...

US Resumes Dollar Shipments to Iraq After Months-Long Suspension

The United States has resumed limited shipments of U.S. dollars to Iraq after a months-long suspension, according to a report by The New York Times citing two senior aides to Iraqi Prime Minister Mohammed Shia al-Sudani....

Trump Administration Declines USMCA Renewal, Opens Talks on New Trade Changes

The Trump administration has declined to renew the U.S.-Mexico-Canada Agreement (USMCA) in its current form, triggering a 10-year countdown that keeps the North American trade pact in force while negotiations continue over...

Asian Currencies Stay Under Pressure as Dollar Holds Near 13-Month High Ahead of U.S. Jobs Report

Asian currencies traded in a narrow range on Thursday as the U.S. dollar remained close to a 13-month high, with investors awaiting the closely watched U.S. nonfarm payrolls report for fresh clues on the Federal Reserves...

Politics

OpenAI Proposes 5% U.S. Government Stake Amid AI Policy Talks

OpenAI has reportedly proposed granting the U.S. government a 5% ownership stake in the artificial intelligence company as it seeks to strengthen ties with Washington and address growing political scrutiny over the rapidly...

EU Chip Industry Faces Growing Risks From China Export Controls and U.S. Technology Dependence: Report

Europes semiconductor industry faces mounting challenges from Chinese export controls, heavy reliance on U.S. technology, and persistent structural weaknesses, leaving the region with a difficult outlook unless it...

NRC Proposes Radiation Rule Changes to Boost U.S. Nuclear Power Expansion Under Trump

The U.S. Nuclear Regulatory Commission (NRC) on Wednesday unveiled a proposal to revise long-standing radiation protection rules, a move that aligns with the Trump administrations broader strategy to accelerate nuclear...

Trump Vows U.S. Will Prevent China From Taking Over the Panama Canal

U.S. President Donald Trump declared on Wednesday that the United States will not allow China to take control of the Panama Canal, underscoring Washingtons continued focus on one of the worlds most strategically important...

US Envoy Urges Taiwan to Build ‘Hornet’s Nest’ Drone Defense Against China

Taiwan should rapidly expand its drone capabilities to strengthen deterrence against potential conflict with China, the top U.S. representative to the island said on Thursday, underscoring growing support for Taipeis...

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

Apple Expands iPhone Lineup, Boosts Foldable iPhone Production Plans Through 2027

Apple is reportedly preparing one of its most ambitious iPhone product cycles in years, with plans to significantly expand its smartphone lineup through 2027 while increasing production targets for its highly anticipated...

Samsung to Invest $90 Billion in South Korea to Expand AI Chip, Display, and Battery Production

Samsung Group has unveiled a major investment plan worth 140 trillion won (approximately $90 billion) to strengthen South Koreas technology manufacturing sector, with a strong focus on artificial intelligence (AI),...

Super Micro Employees Detained in Taiwan AI Server Export Investigation

Super Micro Computer (NASDAQ: SMCI) said two employees at its Taiwan subsidiary have been detained pending a court hearing, while two others were released on bail after being questioned in an investigation into the alleged...

Switch Seeks $2 Billion Funding at Nearly $50 Billion Valuation Ahead of Potential IPO

Data center operator Switch has reportedly launched a private funding round led by venture capital giant Andreessen Horowitz, aiming to raise approximately $2 billion in fresh capital at a valuation approaching $50...

ShareChat Eyes 2027 IPO After Reaching Operational Profitability, Report Says

Indias ShareChat is preparing for a potential initial public offering (IPO) next year that could raise up to $400 million, according to a Bloomberg News report citing the companys chief financial officer. The move would...