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BMW Group Korea to seek mutual growth with local community

Aug 30, 2022 21:58 pm UTC| Economy Business Life

BMW Group Korea is making steady efforts to provide distinctive experiences to its customers according to their lifestyles in its bid to seek mutual growth with the community. The efforts are in line with its corporate...

US labor agency says it's unlawful for Tesla to prohibit wearing union shirts

Aug 30, 2022 19:06 pm UTC| Law Economy Business Life

The National Labor Relations Board (NLRB) ruled that it was unlawful for Tesla to prohibit employees from wearing shirts bearing a union insignia. In a 3-2 decision on a 2017 dispute between Tesla and the United...

GM to offer cheapest hybrid in the US that only costs $14,500

Aug 30, 2022 16:16 pm UTC| Life Economy Business

The joint-venture company between GM, SAIC Motor, and Liuzhou Wuling Motors revealed the Wuling Asta Hybrid, the cheapest hybrid it could sell in the US for around $14,500. The cheapest hybrid available in the US is now...

Jaguar Land Rover suspends production of several models due to parts shortages

Aug 30, 2022 16:03 pm UTC| Life Economy Business

Jaguar Land Rover is facing parts shortages and will suspend the production of Land Rover Discovery, Evoque, Velar, and Jaguar XE, XF, F-Pace, and I-Pace in September. Production will continue with the Jaguar F-Type,...

Gucci cancels fashion show at Royal Palace due to controversy over use of Cheong Wa Dae

Aug 30, 2022 03:36 am UTC| Life Economy Business

Gucci has called off a fashion show scheduled on Nov. 1 at Seouls Gyeongbok Palace after criticism arose over fashion magazine photos taken at the former presidential compound of Cheong Wa Dae. The luxury fashion brands...

Wendy’s cuts out lettuce from sandwiches in 3 states after illnesses

Aug 29, 2022 23:06 pm UTC| Health Economy Business Life

Wendys has removed lettuce from sandwiches it serves in the states of Michigan, Ohio, and Pennsylvania after an E. coli contamination sickened at least 37 people. The illness in the three states has been tied to a...

Ford hikes Mustang Mach-E price by up to $8,475 due to battery cost increases

Aug 29, 2022 22:10 pm UTC| Business Economy Life

Ford Motor is increasing the starting prices of its electric Mustang Mach-E crossover by ranging between $3,000 and $8,475 due to material cost increases, continued strain on key supply chains, and rapidly evolving market...

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Economy

Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals

Gold prices reversed early gains and moved lower during Asian trading on Thursday, pressured by a strengthening U.S. dollar and reduced demand for safe-haven assets. Investor focus has shifted toward upcoming central bank...

Thailand Inflation Remains Negative for 10th Straight Month in January

Thailands annual headline inflation rate stayed in negative territory for the tenth consecutive month in January, underscoring continued price pressures driven largely by lower energy costs and government measures aimed at...

Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off

Silver prices tumbled sharply during Asian trading on Thursday, leading a broad sell-off across the precious metals market and erasing most of the short-lived rebound seen earlier this week. The steep decline highlighted...

South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks

South Koreas efforts to stabilise its currency are facing a growing domestic challenge as retail investors continue to pour record amounts of money into U.S. stocks, driving strong demand for dollars while the won trades...

Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady

Federal Reserve Governor Lisa Cook emphasized the importance of protecting the central banks credibility by ensuring inflation returns to its long-term target, signaling continued caution on monetary policy despite recent...

Politics

Keir Starmer Faces Political Crisis After Condemning Peter Mandelson Over Epstein Ties

British Prime Minister Keir Starmer launched a blistering public attack on former U.S. ambassador Peter Mandelson, saying he was misled by lies before appointing him and apologising to victims of Jeffrey Epstein as...

Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports

The U.S. government is prepared to allow Chinas ByteDance to purchase Nvidias advanced H200 AI chips, but negotiations remain stalled as Nvidia has not agreed to the proposed conditions governing their use. According to...

Trump Endorses Clay Fuller in Georgia Special Election to Replace Marjorie Taylor Greene

President Donald Trump has thrown his weight behind conservative prosecutor Clay Fuller in the upcoming Georgia special election to replace Marjorie Taylor Greene, signaling a major shift in the political dynamics of...

CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences

Hong Kong-based conglomerate CK Hutchison has initiated international arbitration proceedings against the Panamanian government after Panamas Supreme Court annulled licences held by its subsidiary, Panama Ports Company, to...

Trump Stays Neutral on 2028 GOP Successor as Vance and Rubio Emerge as Top Contenders

President Donald Trump has declined to take sides in early speculation over who could succeed him as the Republican presidential nominee in the 2028 election, as Vice President JD Vance and Secretary of State Marco Rubio...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Technology

Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch

Major PC manufacturers including HP, Dell, Acer, and Asus are reportedly exploring the option of sourcing memory chips from Chinese semiconductor companies for the first time, as a prolonged global supply crunch continues...

OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering

OpenAI is significantly accelerating its enterprise AI strategy by hiring hundreds of new employees for its technical consulting division, according to a report by The Information, citing a person familiar with the...

SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off

SoftBank Group Corp. (TYO:9984) shares tumbled sharply on Thursday, tracking a steep decline in Arm Holdings (NASDAQ:ARM) after the UK-based chip designer reported weaker-than-expected earnings for the December quarter....

Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised

Sony Corp (TYO:6758) reported stronger-than-expected third-quarter earnings, driven by solid performance in its gaming, music, and image sensor businesses. The Japanese conglomerate also raised its full-year forecast,...

SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO

Elon Musks SpaceX is reportedly exploring ways to secure early inclusion in major stock market indexes ahead of its highly anticipated initial public offering, a move aimed at boosting liquidity and stabilizing its share...