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Sat, Jun 27, 2026 01:25 AM All times are UTC

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Toyota, Honda, Isuzu, Mitsubishi to Invest $4.34 Billion in Thailand Over 5 Years

Dec 26, 2023 05:28 am UTC| Business

Major Japanese auto manufacturers, including Toyota, Honda, Isuzu, and Mitsubishi, are set to invest 150 billion baht ($4.34 billion) in Thailand over the next five years. This move by the automakers supports Thailands...

MBK Partners’ Hankook & Company Acquisition Bid Collapses; Investigation on Advance Trading In the Offing

Dec 26, 2023 05:12 am UTC| Business

MBK Partners, a private equity firm focusing on business in North Asia, has failed to acquire Hankook Company Co., Ltd. Its bid to buy a controlling stake in the Seoul-headquartered battery manufacturing firm, which is...

Maersk Shipping Company to Resume Red Sea Operations

Dec 25, 2023 10:20 am UTC| Business

Maersk Line, a Danish shipping company, is set to resume its operations in the Red Sea after its business was halted by the attacks directed at its ships. The firm said shipments sailing through the Gulf of Aden will also...

Hyundai E&C-Led Consortium Wins $2.4 Billion Contract to Build Shin-Hanul Reactors in South Korea

Dec 25, 2023 10:08 am UTC| Business

A Hyundai EC-led consortium has secured a whopping 3.1 trillion won ($2.4 billion) contract with Korea Hydro Nuclear Power (KHNP) to construct Shin-Hanul reactors 3 and 4 in Uljin, North Gyeongsang Province. This...

Hybe BTS Group Agency Plans to Duplicate K-pop Production System in the US

Dec 25, 2023 10:04 am UTC| Business

Hybe Corporation is planning to expand its entertainment business further in the United States. As part of its expansion move, the company will attempt to replicate the success of K-pop in the United States by introducing...

Manchester United Agrees to Sell Stake Ownership to Jim Ratcliffe

Dec 25, 2023 10:02 am UTC| Business

Manchester United Football Club, a professional soccer club based in Old Trafford, Greater Manchester, England, has sold 25% of its stake ownership to British billionaire Sir James Arthur Ratcliffe. He is the chairman...

BNP Paribas, HSBC Slapped with Record $20.3 Million Fine for Illegal Short Selling Transactions in South Korea

Dec 25, 2023 09:59 am UTC| Business Law

BNP Paribas and HSBC have faced severe penalties from South Koreas top financial regulator, the Financial Services Commission (FSC). This comes as a consequence of engaging in illegal short selling transactions over an...

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Economy

South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks

South Koreas benchmark KOSPI index suffered a steep selloff on Friday as investors dumped technology and semiconductor stocks following Apples latest price increases and reports that OpenAI may delay its highly anticipated...

Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff

Asian stock markets closed sharply lower on Friday as investors took profits from this weeks technology-driven rally after Apple Inc.s decision to raise prices on several products reignited concerns about the...

Gold Prices Fall Below $4,000 as Strong Dollar, Fed Rate Hike Bets Weigh on Bullion

Gold prices extended their decline on Friday, falling below the key $4,000-per-ounce level as a stronger U.S. dollar and growing expectations of additional Federal Reserve interest rate hikes continued to pressure the...

SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile

SpaceX is reportedly exploring a major expansion of its Starlink business by launching a Starlink-branded mobile phone service in the United States, a move that could position Elon Musks company as a direct competitor to...

Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook

Asian currencies traded within narrow ranges on Friday as the U.S. dollar paused after a strong weekly rally, while the Japanese yen remained close to a four-decade low amid lingering concerns over potential government...

Politics

Texas Approves Bible-Inclusive Reading Lists for Public Schools Starting in 2030

Texas has approved new mandatory reading lists for public school students that include passages from the Bible, marking the latest move by state leaders to incorporate conservative and religious values into public...

US Strikes Iran After Strait of Hormuz Attack as Ceasefire Tensions Escalate

The United States launched military strikes against Iran on Friday following an Iranian drone attack on a commercial cargo vessel in the Strait of Hormuz, further escalating tensions despite a ceasefire agreement reached...

NATO Strengthens Arctic Defense as Russia Expands Military Presence

As NATO ramps up efforts to reinforce its Arctic defenses, alliance members are investing in military capabilities to counter Russias growing presence in the strategically important High North. The initiative comes as...

Trump Administration Rejects Claims of Rift Between JD Vance and Marco Rubio on Iran Policy

President Donald Trumps administration is pushing back against claims of internal divisions over its Iran strategy after comments from Vice President JD Vance and Secretary of State Marco Rubio appeared to reflect...

US Approves $250 Million Fighter Jet Training Sale to Australia

The United States has approved a potential $250 million military sale to Australia, reinforcing the long-standing defense partnership between the two allies. The U.S. State Department announced on Thursday that it had...

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

OpenAI IPO Delay Weighs on SoftBank Shares as AI Valuation Concerns Grow

SoftBank Group (TYO:9984) shares tumbled sharply on Friday after a report suggested that OpenAI is considering postponing its highly anticipated initial public offering (IPO), delaying what many investors had expected to...

Apple Supplier Stocks Slide as Samsung, SK Hynix Lead Selloff After Apple Price Hikes

Apples major Asian suppliers came under heavy selling pressure on Friday after the iPhone maker announced significant price increases for its MacBook and iPad lineup, fueling concerns that rising semiconductor costs are...

Samsung, SK Hynix to Unveil Record AI and Semiconductor Investment Plans Worth Over $646 Billion

South Korean technology giants Samsung Electronics and SK Hynix are preparing to unveil sweeping long-term investment strategies centered on semiconductors, artificial intelligence (AI), and next-generation technologies,...

OpenAI May Delay IPO to 2027 Amid $1 Trillion Valuation Goal

OpenAI is reportedly considering postponing its highly anticipated initial public offering (IPO) until 2027 as it pursues an ambitious $1 trillion valuation. According to a report by The New York Times, company executives...

Republican Lawmaker Introduces AI Incident Reporting Bill to Strengthen U.S. AI Safety

The United States could soon see new artificial intelligence regulations after Republican Representative Nathaniel Moran of Texas introduced the proposed AI Incident Reporting Act, a bill designed to improve transparency...