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Thu, Dec 18, 2025 12:50 AM All times are UTC

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Hanwha Solutions to Construct $300M Industrial Complex, H-Techno Valley, in Hwaseong by 2027

Jun 20, 2023 07:33 am UTC| Business Economy

Hanwha Solutions Corporation, the South Korean chemical giant, announced Monday its plans to invest $300 million in building a new industrial complex, dubbed H-Techno Valley, in Hwaseong, Gyeonggi Province by 2027. The...

Shell, Eneco-led CrossWind Consortium Powers Dutch Mainland With Offshore Wind Energy; Pledges 3.3 TWh per Year

Jun 20, 2023 07:24 am UTC| Economy Business Nature

The CrossWind consortium, including Shell and Eneco, has successfully delivered electricity to the Dutch mainland via the Hollandse Kust Noord project, which is expected to generate 3.3 TWh annually by year-end. This...

Daesang Corp. Buys Out Lucky Foods in US Expansion Bid, Aims to Boost Kimchi Production

Jun 20, 2023 07:04 am UTC| Business Economy

Daesang Corporation, South Koreas largest kimchi producer, has acquired Oregon-based Lucky Foods to bolster its U.S. presence and diversify its global product range. The $29.6 million deal paves the way for a ramped-up...

Coca-Cola Indonesia Unveils Groundbreaking 100% rPET Bottle, a First in the Nation

Jun 20, 2023 06:33 am UTC| Economy Business Nature

In a pioneering environmental move, Coca-Cola Indonesia has launched its new packaging, composed entirely of recycled PET (rPET) plastic, excluding lids and labels. This groundbreaking initiative, marking a first in the...

Air Liquide, Groupe ADP Launch Hydrogen Airport, Aiming to Propel Hydrogen-Powered Aircraft by 2035

Jun 20, 2023 06:18 am UTC| Economy Business Nature

French industrial gases giant Air Liquide and airport operator Groupe ADP join forces to inaugurate Hydrogen Airport, a pioneering joint venture aimed at integrating hydrogen technology at 200 global airports. The...

Intel to Invest $25B in Israeli Semiconductor Factory, Bolstering Global Chip Supply Chain

Jun 19, 2023 10:23 am UTC| Business Economy

Intel Corporation, a leading global chipmaker, is charting a new course for semiconductor manufacturing by investing $25 billion in a production plant in Israel. Prime Minister Benjamin Netanyahu announced the landmark...

SVB Financial Group Sells SVB Securities to Management Team Led by Jeff Leerink to Rebrand as Leerink Partners

Jun 19, 2023 09:43 am UTC| Business Economy

SVB Financial Group announces the sale of its SVB Securities investment banking arm to its own management team, led by CEO Jeff Leerink. The deal is backed by The Baupost Group following SVBs bankruptcy filing in...

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Economy

South Korea Warns Weak Won Could Push Inflation Higher in 2025

South Koreas central bank has warned that inflation next year could exceed earlier projections if the Korean won remains weak against the U.S. dollar, raising concerns about price stability and currency market pressures....

Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism

Chinese robotaxi stocks surged in Hong Kong trading on Wednesday, tracking strong overnight gains in Tesla Inc (NASDAQ: TSLA) as investor optimism around autonomous driving and ride-hailing technology continued to build....

Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes

Most Asian currencies edged lower on Wednesday as investors weighed the U.S. Federal Reserves future interest rate path following mixed signals from the latest U.S. labor market data. At the same time, the Indian rupee...

Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty

Gold prices climbed during Asian trading on Wednesday, while silver prices surged to a fresh all-time high, as growing concerns over the U.S. economy fueled strong demand for safe haven assets. Investors increasingly...

Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices

U.S. President Donald Trump has ordered a total and complete blockade of all sanctioned oil tankers entering and leaving Venezuela, dramatically escalating Washingtons pressure on President Nicolas Maduros government and...

Politics

Union-Aligned Investors Question Amazon, Walmart and Alphabet on Trump Immigration Policies

A union-aligned investment group has urged major U.S. corporations including Amazon, Walmart and Google-parent Alphabet to explain how President Donald Trumps immigration policies are affecting their finances, workforce...

Venezuela Seeks UN Security Council Meeting Over U.S. Oil Tanker Blockade

Venezuela has formally requested an urgent meeting of the United Nations Security Council to address what it described as ongoing U.S. aggression against the country, according to a letter seen by Reuters. The request...

Trump Administration Plans Major Increase in Denaturalization Cases for Naturalized U.S. Citizens

The Trump administration is preparing to significantly expand efforts to revoke U.S. citizenship from some naturalized Americans, according to a report by The New York Times citing internal government guidance. Newly...

Honduras Election Recount Delayed Amid Protests and Political Tensions

A special manual recount in Honduras presidential election remained stalled on Wednesday as protests prevented electoral staff from accessing their workplace, deepening political tensions and prolonging uncertainty over...

Dan Bongino to Step Down as FBI Deputy Director After Brief, Controversial Tenure

FBI Deputy Director Dan Bongino announced on Wednesday that he will step down from his role next month, bringing an end to a short and often controversial tenure as the bureaus second-highest-ranking official. The...

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

OpenAI Explores Massive Funding Round at $750 Billion Valuation

OpenAI, the company behind the widely used AI chatbot ChatGPT, has reportedly entered preliminary discussions with investors about a potential new funding round that could value the company at approximately $750 billion....

Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools

Republican lawmakers are raising alarms over potential U.S. national security risks after a Reuters report revealed that Intel evaluated advanced chipmaking equipment from ACM Research, a company with significant ties to...

noyb Files GDPR Complaints Against TikTok, Grindr, and AppsFlyer Over Alleged Illegal Data Tracking.

A European privacy advocacy group has filed fresh complaints against TikTok, Grindr, and AppsFlyer, accusing the companies of violating European Union privacy laws by unlawfully tracking and sharing sensitive user data...

MetaX IPO Soars as China’s AI Chip Stocks Ignite Investor Frenzy

Shares of Chinese AI chipmaker MetaX Integrated Circuits delivered a stunning market debut, soaring more than 600% above their initial public offering price as domestic investors poured into local semiconductor stocks. The...

Apple Explores India for iPhone Chip Assembly as Manufacturing Push Accelerates

Apple Inc. (NASDAQ: AAPL) is reportedly in early-stage discussions with Indian semiconductor companies to explore the assembly and packaging of iPhone components in India, marking a potential shift in the companys global...