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Toyota global output up 11.9% in July, but production cut looms due to chip crunch

Aug 30, 2021 17:15 pm UTC| Economy Business

Toyota Motors global output increased 11.9 percent on-year to 773,135 vehicles in July, but the growth pace was well below the 41.2 percent gain in June due to the pandemic and a global semiconductor shortage. While the...

S. Korea hopes to cut 30 trillion won industrial accident losses in 2020 with new law

Aug 30, 2021 16:27 pm UTC| Law Economy

Industrial workplace accidents in South Korea cost 29 trillion won in 2020, up 8.5 percent on-year, which the country seeks to reduce with a new law heavily punishing employers for workplace disasters beginning next...

Previously unseen Kobe Bryant photos auctioned off as NFTs

Aug 30, 2021 10:55 am UTC| Sports Digital Currency Economy

Non-fungible tokens (NFT) platform Cryptograph auctioned off eight never before seen photos of Kobe Bryant as NFTs on August 24, commemorated as Kobe Bryant Day, Sports Illustrated reported. The auction, bought with...

Hankook boosting technology as it supplies tires to 320 models for 46 carmakers

Aug 30, 2021 10:27 am UTC| Economy Business

Hankook Tire Technology has expanded its strategic partnership to provide original equipment manufacturer (OEM) tires to around 320 car models for 46 global carmakers, including Porsche, Mercedes-Benz, BMW, and...

AT&T waiving data or text fees for customers affected by Hurricane Ida

Aug 30, 2021 10:01 am UTC| Business Economy

ATT announced that it would be waiving fees for excess data, text, and calls made by its customers as hurricane Ida makes landfall in the United States. The storm has been declared a category 4, so the Gulf Coast is...

KFC Thailand launches ‘Meat Zero’ plant-based chicken to its menu

Aug 30, 2021 09:44 am UTC| Business Economy

KFC Thailand added plant-based fried chicken to its menu, and CP Foods will be supplying the food alternative. It was said that the Kentucky Fried Chicken in this country is looking to grow and develop a new brand in...

Japanese distilleries in Kyushu branch out into absinthe, gin to make use of local produce

Aug 30, 2021 09:14 am UTC| Life Economy

Kyushus long-established breweries have started creating Western spirits of absinthe and gin to make use of the islands rich variety of local fruits, herbs, and other potential ingredients. In creating absinthe, an...

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Economy

China Industrial Profits Slump Signals Need for More Economic Stimulus

Profits at Chinas industrial firms fell sharply in November, marking the fastest year-on-year decline in more than a year and underscoring the fragile state of the countrys economic recovery. According to data released by...

Japan to Audit Brazil’s Beef System, Paving Way for Market Access

Japan is set to conduct a comprehensive audit of Brazils beef sanitary system in March 2026, marking a significant step toward the possible opening of Japans lucrative beef market to Brazilian beef exports. The...

Wall Street Ends Post-Christmas Session Flat as Investors Eye Santa Claus Rally

Wall Street finished a light-volume, post-Christmas trading session nearly unchanged on Friday, as investors found little fresh news to drive strong market conviction. After a solid five-session rally, all three major U.S....

Argentina Congress Approves 2026 Budget Under Milei, Marking First Legislative Passage Since 2023

Argentinas Congress has approved the countrys 2026 national budget, marking the first budget bill passed by legislators since President Javier Milei assumed office in late 2023. The budget was approved on Friday by a vote...

U.S. Stocks Hold Steady After Christmas as Trading Volumes Stay Light

U.S. stocks were mostly unchanged following the Christmas holiday, as subdued trading activity and thin volumes defined the session ahead of a shortened New Years trading week. With many global markets still observing...

Politics

FBI to Permanently Close Hoover Building, Relocate Headquarters to Reagan Building

FBI Director Kash Patel announced Friday that the agency will permanently shut down its historic headquarters, the J. Edgar Hoover Building in Washington, D.C., marking a major shift in the bureaus long-discussed...

Mark Carney Reaffirms Canada’s Support for Ukraine as Peace Talks With Russia Gain Momentum

Canadian Prime Minister Mark Carney held a phone call with Ukrainian President Volodymyr Zelenskyy on Friday to discuss the latest developments in ongoing peace negotiations between Ukraine and Russia, according to a...

Zelenskiy to Meet Trump in Florida as Ukraine-U.S. Peace Framework Nears Completion

Ukrainian President Volodymyr Zelenskiy is set to meet U.S. President Donald Trump in Florida on Sunday to discuss key territorial issues and security guarantees as negotiations aimed at ending the war in Ukraine enter a...

Lebanon Cabinet Approves Financial Gap Law to Tackle Ongoing Economic Crisis

Lebanons cabinet has approved a controversial draft law aimed at addressing the countrys prolonged financial crisis, a move seen as a critical step toward unlocking long-awaited international financial support. The...

Zelenskiy to Meet Trump to Advance Ukraine Peace Talks and Security Guarantees

Ukrainian President Volodymyr Zelenskiy announced on Friday that he plans to meet with U.S. President Donald Trump on Sunday as part of ongoing efforts to bring an end to Russias war in Ukraine. The high-level meeting is...

Science

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...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

Nvidia and Groq Strike Strategic AI Inference Licensing Deal

Reports earlier this week suggested that Nvidia (NASDAQ: NVDA) had agreed to acquire AI chip startup Groq in a $20 billion all-cash transaction. However, updated details clarify that the arrangement is not a traditional...

TSMC Honors Japanese Chip Equipment Makers With 2025 Supplier Awards

Several leading Japanese semiconductor equipment manufacturers have been recognized with 2025 Supplier Awards from Taiwan Semiconductor Manufacturing Company (TSMC), highlighting their growing importance in the global chip...

Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance

NVIDIA (NASDAQ: NVDA) has reportedly agreed to acquire Groq, a fast-growing designer of high-performance artificial intelligence accelerator chips, in a $20 billion all-cash transaction, according to a CNBC report. The...

Texas App Store Age Verification Law Blocked by Federal Judge in First Amendment Ruling

A federal judge in Texas has blocked the enforcement of a new state law that would have required app stores and developers to verify users ages, marking a significant legal win for major technology companies and digital...

FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement

The U.S. Federal Trade Commission has welcomed Instacarts decision to end its artificial intelligence-based price testing, a move that follows weeks of consumer backlash and regulatory scrutiny. FTC Chair Andrew Ferguson...