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Namyang Dairy chairman steps down after taking responsibility for false Bulgaris yogurt claim

May 05, 2021 09:56 am UTC| Business Economy

Namyang Dairy has been involved in a big controversy lately, and the issues just keep getting bigger. The company also incurred further damage as an investigation was launched after it made a controversial claim regarding...

Renault Samsung closes down factory amid the continued union strikes

May 05, 2021 08:11 am UTC| Business Economy

Renault Samsung temporarily closed its production plant and warned workers of restructuring. The move comes after the union, and the company management failed to resolve their conflicts regarding wage hikes. Renault...

Daewoong Pharma’s Nabota: US ITC scraps import ban on botulinum toxin products

May 05, 2021 07:42 am UTC| Business Economy

Daewoongs Nabota was banned by the U.S. International Trade Commission late last year. The agency imposed a 21-month import and sale ban on the South Korean companys botulinum toxin product brand. The prohibition...

Burger King rolls out eco-friendly packaging on restaurant outlets

May 05, 2021 07:06 am UTC| Business Economy

Burger King is testing eco-friendly packaging options in its restaurant outlets in its effort to go green and help reduce waste and keep the environment safe. The experimental packaging will be green makeover and will...

Skittles: Mars Wrigley files trademark infringement complaint against cannabis seed company over Zkittlez product

May 05, 2021 05:37 am UTC| Business Economy

Mars Wrigley, the company that makes Skittles, sued Terphogz for trademark infringement. The latter has been selling a THC-infused product that it named Zkittlez, and this is where the problem lies. As per CNBC,...

Lavazza to begin roasting and grinding coffee in the US

May 04, 2021 17:01 pm UTC| Economy Business

Lavazza North America has begun the construction of its first roasting and packing plant in the US and should be open in October 2021. The plant will add 1,000 square feet to the 18,000 square foot Lavazza Professional...

Ever Given shipowner asks cargo owners to share Suez damage cost

May 04, 2021 12:05 pm UTC| Economy Business

Shoei Kisen Kaisha Ltd., the Japanese owner of the container ship Ever Given, is asking owners of the onboard freight to share the cost of the damages demanded by Egyptian authorities. The Ever Given blocked the Suez...

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Economy

Oil Prices Climb Amid U.S.-Iran Tensions and Declining Global Crude Supplies

Oil prices moved higher on Friday as escalating tensions between the United States and Iran heightened fears of potential supply disruptions in global energy markets. Investors reacted after Washington warned that Tehran...

Dollar Posts Strongest Weekly Gain Since October on Hawkish Fed and U.S.-Iran Tensions

The U.S. dollar is on track to record its strongest weekly performance since October, supported by upbeat economic data, a hawkish Federal Reserve outlook, and rising geopolitical tensions between the United States and...

Indonesia–U.S. Reciprocal Trade Agreement Signals New Era of Economic Partnership

Indonesia and the United States have officially signed a reciprocal trade agreement, marking a significant step forward in strengthening bilateral economic ties. The Indonesian Ministry of Economic Affairs confirmed that...

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...

Politics

Trump Proposes Ban on Large Investors Buying Single-Family Homes

The White House has formally outlined President Donald Trumps proposal to restrict large-scale real estate investors from purchasing additional single-family homes, according to a report by The Wall Street Journal. In a...

Trump Orders Release of UFO and UAP Government Files on Alien Life

U.S. President Donald Trump announced Thursday that he will instruct Defense Secretary Pete Hegseth and other relevant federal agencies to begin identifying and releasing classified government files related to alien life,...

Alberta Referendum on Immigration Sparks Debate Over Provincial Control and Population Growth

Alberta Premier Danielle Smith has announced a province-wide referendum this fall that will ask residents whether the provincial government should limit the number of new international students, temporary foreign workers,...

Argentina Labor Reform Vote Sparks Nationwide Strike and Flight Cancellations

Argentinas lower house of Congress is preparing to vote on a controversial labor reform bill backed by libertarian President Javier Milei, as a nationwide strike led by the countrys largest union disrupts transport,...

Venezuela Approves Limited Amnesty Bill Amid Hunger Strike and Political Prisoner Debate

Venezuelas ruling party-controlled legislature has approved a limited amnesty bill that human rights organizations say does not go far enough to free hundreds of political prisoners. The vote comes as family members of...

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...

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...

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...