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Mon, Jul 06, 2026 03:02 AM All times are UTC

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Sung Jung selected as the final bidder for Eastar Jet’s acquisition

Jun 23, 2021 07:01 am UTC| Business Economy

Eastar Jet faced many problems at the beginning of this year. Aside from the bankruptcy, its founders relative was also charged for embezzlement in February. Lee Sang Jik, Eastar Jets founder, is also on the run...

Naver backs out from eBay Korea acquisition bid

Jun 23, 2021 06:03 am UTC| Business Economy

Naver and Shinsegae have formed a consortium to acquire eBay Korea and it was a successful team-up since it was being tipped to be the final winner in the bidding. It was previously reported that it may have defeated Lotte...

Hyundai boosts high-end product lineup with Avante N

Jun 22, 2021 17:25 pm UTC| Economy Business

Hyundai Motor Co. on Tuesday unveiled the Avante N model, its first sedan under the high-performance N brand, as it strives to strengthen its high-end product lineup. The carmakers would release the prices and other...

Cathay, Airbus working to certify single-pilot system for long flights

Jun 22, 2021 15:59 pm UTC| Economy Business

Cathay Pacific is working with Airbus to certify its A350 jet for single-pilot operations during a high-altitude cruise, beginning in 2025, under a program known as Project Connect. The certification would allow longer...

Vehicle electrification forces Japanese auto parts-makers to shift industries

Jun 22, 2021 15:06 pm UTC| Economy Business

More Japanese auto parts makers are making use of their technology to explore new business opportunities in other sectors as demand for traditional components is likely to decline with the increased electrification of...

Amazon’s Jeff Bezos: Citizens launch petition to stop him from returning to Earth after space travel next month

Jun 22, 2021 10:30 am UTC| Business Economy

Amazon chief Jeff Bezos previously announced his plan to travel to the edge of space next month. He said that he would be one of the first few civilians who will be able to go on the very first passenger flight to space...

Steven Spielberg's Amblin Partners teams up with Netflix for feature films

Jun 22, 2021 09:41 am UTC| Business Economy

Steven Spielbergs production company, Amblin Partners, just signed a deal with Netflix for multiple feature films. It was reported that the blockbuster director who is known for his worldwide movie hits including Jurassic...

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Economy

Iran Begins Oil Sale Talks With Japan Under U.S. Sanctions Waiver Amid Shipping Risks

Iran has opened preliminary discussions with Japanese companies about resuming crude oil exports under a temporary U.S. sanctions waiver, although potential buyers are seeking a longer exemption and stronger assurances...

Russia Stocks End Flat at Three-Year Low as MOEX Index Stalls, Gold Prices Climb

Russian stocks closed mixed on Sunday, with the benchmark MOEX Russia Index finishing unchanged at 0.00% while remaining at its lowest level in three years. Despite the flat performance of the overall index, individual...

Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027

Goldman Sachs has raised its USD/JPY exchange rate forecasts, predicting the Japanese yen will remain under pressure as elevated U.S. Treasury yields, limited recession risks in the United States, Japans fiscal concerns,...

Asian Currencies Rise as Dollar Weakens; Yen Holds Steady Amid Japan Intervention Watch

Most Asian currencies edged higher on Friday after the U.S. dollar retreated from a 13-month high following weaker-than-expected U.S. nonfarm payrolls data, raising fresh questions about the Federal Reserves interest rate...

Asian Stocks Rebound as Tech Shares Rally on Fed Rate Cut Hopes and Easing Iran Tensions

Asian stock markets rebounded sharply on Friday as investors returned to technology shares following a week of heavy selling, while easing geopolitical tensions and growing expectations of Federal Reserve interest rate...

Politics

Trump to Meet Zelenskiy at NATO Summit in Turkey to Push Ukraine Peace Efforts

U.S. President Donald Trump is set to meet Ukrainian President Volodymyr Zelenskiy during this weeks NATO summit in Turkey as part of a renewed diplomatic effort to end the war in Ukraine, according to a senior U.S....

Israel Cabinet Rejects Supreme Court Ruling, Sparking Constitutional Crisis Fears

Israels cabinet has voted to reject a Supreme Court ruling involving the countrys broadcast regulator, triggering fresh concerns over a potential constitutional crisis and deepening tensions between Prime Minister Benjamin...

Israeli Airstrike Kills Two in Gaza City as Ceasefire Violations and Truce Talks Persist

At least two Palestinians were killed and several others were wounded in an Israeli airstrike in central Gaza City on Sunday, according to Palestinian health officials, as violence continued despite an October ceasefire...

Khamenei Funeral Draws Massive Crowds as Iran’s New Supreme Leader Remains Absent

Iran continued its week-long funeral ceremonies on Sunday for slain Supreme Leader Ayatollah Ali Khamenei, with tens of thousands of mourners gathering in Tehran while his successor, Supreme Leader Mojtaba Khamenei,...

Michigan Senate Race Narrows as Mallory McMorrow Ends Democratic Campaign

Michigan State Senator Mallory McMorrow has suspended her Democratic campaign for the U.S. Senate, reshaping the partys primary contest into a two-candidate race in one of the countrys most closely watched battleground...

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

Meta Cloud Ambitions Could Challenge AWS, Azure, and Google Cloud, Says Morgan Stanley

Meta Platforms (NASDAQ: META) is preparing to expand into the cloud computing market, a move that could position the company as a future rival to Amazon Web Services (AWS), Microsoft Azure, and Google Cloud. According to...

Anthropic Tightens AI Access Controls After Reports of China-Based Workarounds

Anthropic is strengthening measures to prevent unauthorized access to its artificial intelligence services from China after discovering that several Chinese companies had allegedly bypassed its restrictions, according to a...

Kuaishou Stock Jumps as Kling AI Secures $2 Billion Funding Round

Hong Kong-listed shares of Kuaishou Technology (HK:1024) climbed more than 6% on Thursday after its spun-off artificial intelligence business, Kling AI, secured an initial $2 billion in venture capital funding to...

Meta CEO Zuckerberg Says AI Agent Development Has Slowed Despite Massive AI Investment

Meta Platforms (NASDAQ: META) CEO Mark Zuckerberg has acknowledged that the companys progress in developing artificial intelligence (AI) agents has been slower than expected, despite Metas aggressive investment in AI...

Kioxia Bets on AI Memory Boom With Next-Gen NAND Production in Japan

Kioxia is set to mark a major milestone on Friday with a ceremony at its manufacturing facility in northern Japan as the company prepares to begin mass production of its next-generation NAND flash memory chips. The move...