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Fri, Feb 20, 2026 01:42 AM All times are UTC

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BOK expected to raise 2021 growth forecast to 4%

May 26, 2021 21:30 pm UTC| Economy Business

The Bank of Korea (BOK) may raise its 2021 growth forecast to around 4 percent due to strong economic recovery signs amid an aggressive fiscal stimulus, according to economists. In February, the BOK forecast South...

SK nexilis to produce copper foil in Europe

May 26, 2021 21:21 pm UTC| Economy Business

SK nexilis Co. is looking for a site in Europe to house a new copper foil factory that would meet the growing demand for the essential material in rechargeable batteries. The company identified Poland as a strong...

LG-led consortium to manufacture EV batteries in Indonesia

May 26, 2021 21:13 pm UTC| Economy Business

An LG-led consortium will build a $1.2 billion electric vehicle battery factory in Jakarta with an annual capacity of 10-gigawatt hours to supply Hyundai Motor Co. The LG consortium consists of LG Chem Ltd., LG Energy...

LG Uplus and other S. Korean telecom networks are ending 2G services in June

May 26, 2021 10:05 am UTC| Business Economy

LG Uplus and other telecom networks in South Korea are officially terminating the services for 2G phones. On Tuesday, May 25, some of the carriers were already approved for their phase-out plans for 2G...

IGIS reportedly acquiring Millennium Hilton Seoul to turn it into an office building

May 26, 2021 09:42 am UTC| Business Economy

IGIS Asset Management is reportedly in talks of acquiring the Millennium Hilton Seoul for ₩1 trillion or around $891.2 million. Based on the reports, the luxury hotel may be transformed into an office building after the...

Emart gives up aim for full ownership of Starbucks Korea

May 26, 2021 09:27 am UTC| Business Economy

Emart has given up its aim to take full control of Starbucks Korea after it only purchased a 20% stake from Starbucks international instead of the full 50% that is up for sale. Emarts new acquisition of shares in...

How automation for your deskless workforce can transform the way you function

May 26, 2021 09:10 am UTC| Business

Technology has revolutionized the way organizations work. It is now one of the most powerful factors in deciding the companys competitive edge in any industry. Except, this is only at 20% capacity. Yes, you read that...

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Economy

Kim Jong Un Claims Economic Recovery as North Korea Opens Ninth Party Congress

North Korean leader Kim Jong Un declared that the country has overcome recession and achieved major economic goals over the past five years as he opened the Ninth Party Congress, according to state media KCNA. The...

U.S. Stocks Slip as Hawkish Fed Minutes Weigh on Markets; Walmart Shares Fall

U.S. stocks closed lower on Thursday after the Federal Reserves latest meeting minutes signaled a more hawkish stance on interest rates than investors had anticipated. The SP 500 declined 0.3% to 6,862.16, while the Nasdaq...

Japan Manufacturing PMI Jumps to Four-Year High as Demand Surges

Japans manufacturing sector expanded at its fastest pace in nearly four years in February, signaling renewed strength in the worlds third-largest economy and supporting Prime Minister Sanae Takaichis economic revival...

Wall Street Closes Lower as Private Equity Stocks Slide, Apple and Walmart Weigh on S&P 500

Wall Street ended Thursdays session in negative territory as losses in private equity firms and weakness in major blue-chip stocks like Apple and Walmart offset earnings-driven gains in industrial shares. Investor...

Japan Core Inflation Slows to 2% in January, Clouding BOJ Rate Hike Outlook

Japans annual core consumer inflation slowed to 2.0% in January, marking its weakest pace in two years and adding complexity to the Bank of Japans next interest rate decision. The latest government data showed that the...

Politics

Iran Warns of Retaliation Amid Rising Tensions With U.S., Signals Readiness to Defend Against Military Aggression

Iran has issued a strong warning to the United Nations, stating that it will treat regional bases, facilities, and assets linked to any hostile force as legitimate targets if it faces military aggression. In a letter...

Belarus Says U.S. Failed to Issue Visas for Trump’s Board of Peace Meeting

Belarus announced on Thursday that it was unable to attend the inaugural meeting of U.S. President Donald Trumps newly formed Board of Peace in Washington after failing to receive the required U.S. visas. The development...

US Military Buildup Signals Potential Iran Airstrikes as Trump Reviews Options

The United States could be prepared to launch military action against Iran as early as Saturday, according to a report from The Telegraph citing defense officials who recently briefed President Donald Trump. The report...

Florida Senate Approves Bill to Rename Palm Beach International Airport After Donald Trump

Florida lawmakers have approved legislation to rename Palm Beach International Airport in honor of U.S. President Donald Trump, advancing a proposal that has sparked political debate across the state. The Florida Senate...

Bill Gates Pulls Out of India’s AI Impact Summit Amid Controversy and Event Mismanagement

Bill Gates withdrew from Indias AI Impact Summit just hours before his scheduled keynote address, dealing a major setback to the high-profile artificial intelligence event in New Delhi. The Gates Foundation confirmed that...

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

Nvidia Nears $30 Billion Investment in OpenAI, Replacing Previous $100 Billion AI Partnership

Nvidia is reportedly close to finalizing a $30 billion investment in OpenAI, marking a major shift in the companies artificial intelligence partnership. According to a Financial Times report published Thursday, the new...

Meta Platforms Cuts Equity Awards Again Amid Massive AI Investment Push

Meta Platforms Inc (NASDAQ: META) has reduced equity-based compensation for most employees for the second consecutive year, according to a report by the Financial Times. The tech giant has trimmed its annual stock option...

OpenAI Nears $100 Billion Funding Round at $850 Billion Valuation: Bloomberg Report

OpenAI is reportedly close to completing the first phase of a massive new funding round expected to raise more than $100 billion, according to a Bloomberg report citing sources familiar with the matter. The deal could push...

Microsoft Responds to ICE Surveillance Concerns Amid Azure Cloud Expansion

Microsoft said Wednesday it does not believe U.S. Immigration and Customs Enforcement (ICE) is using its technology for mass surveillance of civilians, following a report that the agency significantly expanded its use of...

Mark Zuckerberg Testifies in Youth Social Media Addiction Trial Over Instagram Policies

Meta Platforms CEO Mark Zuckerberg testified in a landmark Los Angeles trial addressing allegations that Instagram and YouTube contributed to youth social media addiction and harmed a young users mental health. The...