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McDonald's, KFC providing free food to military force fighting for Ukraine

Mar 01, 2022 07:49 am UTC| Business

McDonalds and KFC outlets in Ukraine have temporarily closed down due to the Russian attacks to invade the country. The fighting is still happening, and in an effort to help the military forces, the fast-food chains have...

Korea Investment joins PAI Partners to acquire PepsiCo’s Tropicana juice brand

Mar 01, 2022 07:41 am UTC| Business Economy

Korea Investment Securities Co., Ltd. has joined the acquisition deal for the Tropicana juice brand owned by PepsiCo and PAI Partners, a French private equity fund company based in Paris. The Korean capital company teamed...

Hyundai to export Elec City hydrogen buses to Austria

Feb 28, 2022 23:57 pm UTC| Economy Business Nature

Hyundai Motor Co.s Elec City hydrogen buses have been introduced as public city buses in Vienna, Austria. Hyundai said that Wiener Linien, an Austrian public transportation agency, has launched an electric bus based on...

Toyota to lose 13,000 car output in factory suspension after suspected cyber attack

Feb 28, 2022 23:57 pm UTC| Economy Business Technology

Toyota Motor Corp will suspend domestic factory operations Tuesday, losing around 13,000 cars of output after a suspected cyber attack hit a supplier of plastic parts and electronic components. There was no information...

Coca-Cola Japan tests bottle-filling water dispensers to help reduce plastic waste

Feb 28, 2022 23:57 pm UTC| Nature Economy Business

Coca-Cola Japan is working on a project called the Bon Aqua Water Bar, a self-serve water dispenser that offers users five different kinds of water cold water, room temperature water, hot water, and strong and weak...

Shell pulls out of energy investments in Russia over Ukraine invasion

Feb 28, 2022 23:57 pm UTC| Economy Investing Business

Global oil and gas giant Shell is pulling out of its joint ventures with Russias state-owned energy giant Gazprom and related entities. The joint ventures include a 27.5 percent stake in a key liquefied natural gas...

Hana Bank to include NFT, metaverse in art wealth management expansion

Feb 28, 2022 23:56 pm UTC| Economy Life Business Digital Currency

Hana Bank is expanding its wealth management in collaboration with online auction house Seoul Auction Blue by building new ventures such as nonfungible tokens and metaverse platforms. The bank added that it would also...

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Economy

Trump Administration Declines USMCA Renewal, Opens Talks on New Trade Changes

The Trump administration has declined to renew the U.S.-Mexico-Canada Agreement (USMCA) in its current form, triggering a 10-year countdown that keeps the North American trade pact in force while negotiations continue over...

Asian Currencies Stay Under Pressure as Dollar Holds Near 13-Month High Ahead of U.S. Jobs Report

Asian currencies traded in a narrow range on Thursday as the U.S. dollar remained close to a 13-month high, with investors awaiting the closely watched U.S. nonfarm payrolls report for fresh clues on the Federal Reserves...

US Jobs Report Preview: June Payroll Growth Seen Slowing as Fed Rate Decision Looms

The U.S. labor market is expected to remain resilient in June, although hiring likely slowed from the strong pace recorded over the previous three months. Economists forecast that the upcoming nonfarm payrolls report will...

Japan Signals Surprise Yen Intervention Strategy as BOJ Hawkish Stance Puts FX Traders on Alert

Japan is shifting its foreign exchange strategy by abandoning its long-standing practice of warning markets before intervening, opting instead for a more unpredictable approach aimed at catching speculators off guard and...

Australia Trade Balance Swings to Surprise Deficit as Imports Outpace Exports in May

Australia recorded an unexpected trade deficit in May after stronger import growth outpaced solid gains in exports, signaling a shift in the countrys trade performance and raising concerns about second-quarter economic...

Politics

EU Chip Industry Faces Growing Risks From China Export Controls and U.S. Technology Dependence: Report

Europes semiconductor industry faces mounting challenges from Chinese export controls, heavy reliance on U.S. technology, and persistent structural weaknesses, leaving the region with a difficult outlook unless it...

NRC Proposes Radiation Rule Changes to Boost U.S. Nuclear Power Expansion Under Trump

The U.S. Nuclear Regulatory Commission (NRC) on Wednesday unveiled a proposal to revise long-standing radiation protection rules, a move that aligns with the Trump administrations broader strategy to accelerate nuclear...

Trump Vows U.S. Will Prevent China From Taking Over the Panama Canal

U.S. President Donald Trump declared on Wednesday that the United States will not allow China to take control of the Panama Canal, underscoring Washingtons continued focus on one of the worlds most strategically important...

US Envoy Urges Taiwan to Build ‘Hornet’s Nest’ Drone Defense Against China

Taiwan should rapidly expand its drone capabilities to strengthen deterrence against potential conflict with China, the top U.S. representative to the island said on Thursday, underscoring growing support for Taipeis...

Trump Dedicates Theodore Roosevelt Museum, Unveils New Air Force One Ahead of America’s 250th Anniversary

President Donald Trump on Wednesday dedicated the Theodore Roosevelt Presidential Library in North Dakota, celebrating the legacy of the 26th U.S. president while tying Roosevelts leadership and patriotism to his own...

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

Switch Seeks $2 Billion Funding at Nearly $50 Billion Valuation Ahead of Potential IPO

Data center operator Switch has reportedly launched a private funding round led by venture capital giant Andreessen Horowitz, aiming to raise approximately $2 billion in fresh capital at a valuation approaching $50...

ShareChat Eyes 2027 IPO After Reaching Operational Profitability, Report Says

Indias ShareChat is preparing for a potential initial public offering (IPO) next year that could raise up to $400 million, according to a Bloomberg News report citing the companys chief financial officer. The move would...

Trump Administration to Launch Voluntary AI Standards for Frontier Models

The Trump administration is preparing to introduce a new set of voluntary standards for advanced artificial intelligence models as early as next week, according to a Financial Times report. The move is expected to provide...

Apple Eyes Chinese Memory Chips as AI Shortage Pressures iPhone Supply Chain

Apple Inc. is reportedly in advanced discussions to source memory chips from Chinese semiconductor makers ChangXin Memory Technologies (CXMT) and Yangtze Memory Technologies Co. (YMTC), as the company works to secure...

Meta Stock Jumps as AI Cloud Expansion Challenges AWS, Microsoft, and Google

Meta Platforms (NASDAQ: META) surged 8.8% on Wednesday after a Bloomberg report revealed the company is preparing to enter the cloud infrastructure market by offering excess artificial intelligence (AI) computing capacity...