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Skyrocketing housing prices force Seoul residents to move to Gyeonggi Province

Nov 30, 2021 15:26 pm UTC| Economy Business Life

More people are leaving Seoul to nearby provinces like Gyeonggi and other greater Seoul regions due to the financial difficulties caused by the pandemic, coupled with skyrocketing housing prices. Last year, 402,000...

Omicron cryptocurrency soars after new COVID-19 variant was similarly named

Nov 30, 2021 10:28 am UTC| Digital Currency Economy Business

News of the new Omicron coronavirus variant caused one cryptocurrency with the same name to soar, rising almost ten-fold from Friday to Monday morning to reach $688. On Thursday, it was worth about $65. It eventually...

Nissan announces $18 billion investment to hasten push for vehicle electrification

Nov 30, 2021 10:08 am UTC| Business Economy

Nissan Motor Co. is investing almost $18 million or 2 trillion over the next five years to hasten its plans for vehicle electrification. The Japanese automaker is moving fast as it wants to catch up with its rivals in the...

South Korea’s Zikooin to build one of the biggest plant-based food plants in Asia

Nov 30, 2021 10:05 am UTC| Business Economy

Zikooin, a South Korean company that owns Unlimeat, a local plant-based beef maker, is building one of the biggest factories for alternative meat in Asia. It was reported that the company revealed its plans last week after...

Nestle Australia to manufacture KitKat, Milo, Nescafe in factories running on 100% renewable energy

Nov 30, 2021 09:31 am UTC| Business Economy

Nestle Australia is shifting to renewable energy, and it was announced this week that it will now manufacture its products in factories that use eco-friendly electricity sources. The Swiss food giant signed a deal with CWP...

McDonald's Australia debuts two new Big Mac options and Onion Rings

Nov 30, 2021 09:03 am UTC| Business Economy

McDonalds Australia dropped new menu items, and it includes two Big Mac varieties and a side. The fast-food chain announced the return of Chicken Big Mac and the debut of its Bacon Big Mac which is said to be the first of...

Jack Dorsey: Twitter exec confirms resignation as CEO, Board appoints Parag Agrawal as new chief

Nov 30, 2021 07:31 am UTC| Business Technology

Jack Dorsey, Twitters chief executive officer, had resigned from his post. The news emerged on Nov. 29, and it was initially shared by insiders. CNBC was the first to report about Dorseys departure as Twitters chief. A...

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Economy

Xi Jinping Highlights People-to-People Ties as U.S.-China Relations Show Signs of Stabilization

Chinese President Xi Jinping reaffirmed the enduring importance of people-to-people exchanges between China and the United States, emphasizing that cooperation between the two nations will continue regardless of...

Asian Stocks Rise as Japan Tech Shares Rebound Ahead of Fed Minutes and PCE Data

Asian stock markets moved higher on Wednesday, led by a rebound in Japanese technology shares, even as lingering concerns over artificial intelligence continued to weigh on the broader tech sector. Trading activity across...

RBNZ Holds OCR at 2.25% as Inflation Set to Ease Toward 2% Target

The Reserve Bank of New Zealand (RBNZ) kept its official cash rate (OCR) unchanged at 2.25% on Wednesday, signaling that monetary policy will remain supportive as inflation gradually moves back toward the midpoint of its...

Oil Prices Steady as U.S.-Iran Nuclear Talks and Fed Outlook Shape Market Sentiment

Oil prices were largely unchanged in Asian trading on Wednesday after posting sharp losses in the previous session, as progress in U.S.-Iran nuclear negotiations eased concerns about potential supply disruptions. The...

Christine Lagarde Reportedly Set to Exit ECB Before End of Term

Christine Lagarde is expected to step down as President of the European Central Bank (ECB) before completing her full eight-year term, according to a report published Wednesday by the Financial Times. The report cited a...

Politics

Vatican Declines to Join Trump’s “Board of Peace,” Urges UN to Lead Gaza Crisis Efforts

The Vatican has confirmed it will not participate in U.S. President Donald Trumps proposed Board of Peace, a new initiative aimed at overseeing Gazas temporary governance and addressing global conflicts. Cardinal Pietro...

Cambodia’s Hun Manet Urges Thailand to Resolve Border Dispute Amid Fragile Ceasefire

Cambodian Prime Minister Hun Manet has accused Thai forces of occupying Cambodian territory months after renewed fighting along the disputed Cambodia-Thailand border, despite a ceasefire brokered in December. In an...

U.S. Official Alleges China Conducted Underground Nuclear Test at Lop Nor in 2020

A senior U.S. official has alleged that China carried out a covert underground nuclear test in June 2020 at its Lop Nor test site in western China, raising fresh concerns about global nuclear security and arms control....

Zelenskiy Says Trump Pressuring Ukraine as Donbas Peace Talks Intensify

Ukrainian President Volodymyr Zelenskiy has raised concerns that U.S. President Donald Trump is placing excessive pressure on Ukraine to make concessions in ongoing peace negotiations aimed at ending the nearly four-year...

Medical Groups Sue FTC Over Gender-Affirming Care Investigations Amid Trump Policy Dispute

Two leading U.S. medical organizations have filed lawsuits against the Federal Trade Commission (FTC), alleging the agency launched unconstitutional investigations into their support of gender-affirming care for...

Science

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...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

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...

Technology

European IT Hardware Stocks to Watch as Gaming Demand Outpaces Smartphones, Says BofA

BofA Researchs February report highlights a clear split in European IT hardware demand trends, with gaming spending significantly outperforming other consumer technology categories while smartphone sales remain under...

Microsoft Plans $50 Billion AI Investment to Accelerate Growth in the Global South

Microsoft has announced plans to invest up to $50 billion by the end of the decade to expand artificial intelligence (AI) infrastructure and digital capabilities across countries in the Global South. The announcement was...

Qualcomm to Invest $150 Million in India AI Startups, Strengthening Presence in Growing Market

Qualcomm (NASDAQ: QCOM) announced on Wednesday that it plans to invest up to $150 million in a new fund dedicated to supporting artificial intelligence startups in India. The move highlights the chipmakers long-term...

Yotta to Build $2 Billion AI Data Centre Hub in India with Nvidia Blackwell Ultra Chips

Indian data centre operator Yotta Data Services has announced plans to invest more than $2 billion to develop one of Asias largest AI computing hubs, powered by Nvidias latest Blackwell Ultra chips. The large-scale AI...

YouTube Outage Disrupts Thousands Worldwide as Recommendation System Fails

YouTube experienced a widespread outage on Tuesday evening and early Wednesday morning, affecting thousands of users across the globe. According to checks conducted by Investing.com, the popular video streaming platform...