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Hyundai unveils IONIQ 5: first vehicle based on own EV platform

Feb 24, 2021 00:49 am UTC| Business Technology

Hyundai Motor Co. unveiled the midsize crossover utility vehicle IONIQ 5, its first model embedded with its EV-only electric-global modular platform (E-GMP), The IONIQ 5 will be launched in Europe next month,...

Samsung Heavy agrees to $149 million settlement in Brazil over bribery probe

Feb 24, 2021 00:37 am UTC| Economy Technology

Samsung Heavy Industries Co. has agreed to pay US$149 million in a leniency settlement with Brazilian state prosecutors and auditors over a graft probe surrounding the companys drillship orders. The company settled with...

Google Korea persuading Google Inc. to lower in-app commission rate

Feb 24, 2021 00:31 am UTC| Business Technology

Google Korea is persuading Google Inc. to lower its planned 30 percent commission on in-app purchases amid complaints from local software developers over steep commission costs. Representatives of the South Korean unit...

Samsung Galaxy devices will get ‘regular’ security updates a year longer than Google supports Pixel phones

Feb 23, 2021 09:43 am UTC| Technology

Samsung announced a major development in the way it supports Galaxy devices. The company revealed a new plan that would give its hardware products better software support than Googles own Pixel smartphones. Samsung...

Huawei Mate X2 release date, specs: How it improves Samsung’s Galaxy Fold design

Feb 23, 2021 09:28 am UTC| Technology

Huawei officially unveiled the Mate X2 on Monday and confirmed the previously reported design overhaul. As seen by many through online leaks, the device adopts a new form factor that gives the device a folding mechanism...

iPhone 12 sales: Apple overtakes Samsung, dominates global smartphone market share with nearly 80 million units shipped in late 2020

Feb 23, 2021 09:08 am UTC| Technology

Apple had the highest number of smartphones sold in the last quarter of 2020. The iPhone maker dominated the global market with close to 80 million units shipped in the said period. Apple leads smartphone sales in Q4...

Apple March 2021 event: AirTags, iPad Pro, and Magic Keyboard announcements are reportedly happening

Feb 23, 2021 08:36 am UTC| Technology

Apple is anticipated to announce several products in the first half of the year, and many fans are counting on some of them being launched in March. However, known leak sources currently have different details about Apples...

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Economy

Morgan Stanley: Fed Rate Cuts Still on Track Despite Oil-Driven Inflation

Morgan Stanley believes the Federal Reserve will push forward with interest rate cuts in 2026, even as rising oil prices temporarily inflate headline inflation figures. According to the banks analysts, the current...

China's Energy Resilience Shields Economy From Global Oil Shock, Goldman Sachs Says

Goldman Sachs analysts believe China is among the best-positioned major economies to weather the current oil price shock stemming from escalating Middle East tensions, citing the countrys diversified energy strategy,...

UAE's Largest Natural Gas Facility Suspended After Attack-Triggered Fire

Abu Dhabi authorities have temporarily halted operations at Habshan, the United Arab Emirates largest natural gas processing facility, following a devastating attack that triggered a major fire at the site. The incident...

Trump's FY2027 Budget: Major Defense Boost and Domestic Spending Cuts

President Donald Trump has unveiled a bold federal budget proposal for fiscal year 2027, signaling a dramatic realignment of national spending priorities. The plan centers on a significant expansion of military funding...

U.S. Warplane Shot Down by Iran Amid Escalating Middle East Conflict

A U.S. military aircraft was shot down by Iranian forces on Friday, marking a significant escalation in the ongoing five-week conflict between the United States, Israel, and Iran. Both nations confirmed the incident, with...

Politics

Trump Eyes Cabinet Shake-Up Amid Iran War Political Fallout

President Donald Trump is weighing a significant cabinet reshuffle as political pressure mounts over the ongoing U.S.-Iran conflict, according to Reuters, citing sources close to internal White House deliberations. The...

Iran Tightens Grip on Strait of Hormuz as Israel Prepares Strikes and Oil Markets Spiral

Tensions between Israel and Iran have reached a critical flashpoint, with Israeli defense officials confirming preparations for potential strikes on Iranian energy infrastructure, pending U.S. authorization. The...

U.S. and Israel Escalate Pressure on Iran Over Strait of Hormuz as War Enters Sixth Week

Six weeks into the U.S.-Israeli military conflict with Iran, tensions are reaching a critical point as President Donald Trump issued a 48-hour ultimatum demanding that Tehran open the Strait of Hormuz or face devastating...

Israel Poised to Strike Iranian Energy Sites, Awaiting U.S. Approval

Israel is reportedly preparing to launch military strikes against Iranian energy infrastructure, but is holding off pending authorization from the United States, according to a senior Israeli defense official who spoke out...

U.S. Envoys Witkoff and Kushner Expected to Visit Kyiv in April Amid Stalled Peace Talks

Senior Ukrainian presidential aide Kyrylo Budanov confirmed on Saturday that U.S. special envoys Steve Witkoff and Jared Kushner are expected to travel to Kyiv in April, marking what would be their first official visit to...

Science

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

Technology

Elon Musk Ties SpaceX IPO Access to Mandatory Grok AI Subscriptions

Elon Musk is reportedly making Grok subscriptions a prerequisite for banks and advisers involved in SpaceXs highly anticipated initial public offering. According to the New York Times, citing insiders familiar with the...

MATCH Act Targets ASML and Chinese Chipmakers in New U.S. Export Crackdown

A bipartisan group of U.S. lawmakers has unveiled the MATCH Act, a landmark piece of draft legislation designed to tighten export restrictions on advanced semiconductor manufacturing equipment destined for China. The...

Microsoft's $10 Billion Japan Investment: AI Infrastructure and Data Sovereignty Push

Microsoft is set to pour approximately $10 billion into Japan between now and 2029, channeling funds into data center expansion and artificial intelligence infrastructure to meet the countrys growing demand for data...

Australia's Social Media Ban for Under-16s Sparks Global Movement

Australias landmark social media ban for users under 16, which took effect in December, is reshaping digital policy conversations worldwide. Countries including Spain and Malaysia have signaled interest in adopting similar...

SpaceX Eyes Historic IPO at $1.75 Trillion Valuation

Elon Musks aerospace giant SpaceX has quietly filed a confidential IPO registration with the U.S. Securities and Exchange Commission, according to Bloomberg News sources familiar with the matter. The move signals that the...

Digital Currency