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Samsung heir Lee Jae Yong facing another police probe for alleged illegal drug use

Mar 12, 2021 05:31 am UTC| Business

Samsung heir Lee Jae Yong is currently in jail, and yet he has another case coming after it was revealed he is being investigated for drug use too. The former company vice president is allegedly using the banned drug in...

Woowa Brothers CEO Kim Bong Jin to sell his Baedal Minjok stakes and distribute $88 million incentive pay to employees

Mar 12, 2021 05:05 am UTC| Business

Woowa Brothers CEO Kim Bong Jin announced his intention to sell some of his stakes in the food delivery company that he owns. He said that he would give up part of his shares in Baedal Minjok, a Seoul-based restaurant...

US imposes more restrictions on Huawei suppliers

Mar 12, 2021 00:00 am UTC| Business

The Biden administration further restricted US companies from selling 5 G-related items to Chinas Huawei Technologies Co by amending their licenses. The amendment would make the licenses more consistent with the tougher...

Boeing selling dozens of 737 MAX 7 to Southwest Airlines

Mar 11, 2021 23:59 pm UTC| Business

Boeing Co is close to selling dozens of its 737 MAX 7 jets to Southwest Airlines Co, that includes potentially significant options. Each 737 MAX 7has a listed price of around $100 million, though it sells for less than...

EV start-up Canoo to offer pod-like electric pickup in 2023

Mar 11, 2021 23:58 pm UTC| Business

Los Angeles-based electric vehicle startup Canoo Inc will introduce an American-built pod-like electric pickup truck in the first quarter of 2023 and would begin taking pre-orders in the second quarter of 2021. Canoo...

Roblox shares soar 54% in NYSE debut, valued at $45.2 billion

Mar 11, 2021 23:56 pm UTC| Business

Shares of US gaming company Roblox Corp closed at $69.47 in its New York Stock Exchange trading debut, up by 54.4 percent from the reference price of $45, valuing the company at $45.2 billion. The San Mateo,...

Container ships face longer turnaround at Singapore ports due to increased vessel calls, container volumes

Mar 11, 2021 23:54 pm UTC| Business

Container vessels at Singapores port now need to wait five to seven days for a turnaround, up from a two-day maximum for ultra-large 18,000 TEU vessel, due to a recent surge in vessel calls and container volumes. There...

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Economy

Gold Prices Rise in Asian Trade Amid U.S.-Iran Tensions, Weekly Losses Loom

Gold prices moved higher in Asian trading on Friday, extending gains for a third consecutive session as investors reacted to escalating U.S.-Iran tensions and positioned themselves ahead of key U.S. inflation data. Despite...

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...

Politics

Pedro Sanchez Challenges U.S. Policy as Spain Navigates Tensions with Trump Administration

Spanish Prime Minister Pedro Sanchez has adopted an increasingly defiant stance toward U.S. policy, a move that resonates with many Spanish voters but risks straining SpainU.S. relations. As one of Europes few prominent...

Yoon Suk Yeol Apologizes After Life Sentence for Martial Law Decree in South Korea

Former South Korean President Yoon Suk Yeol has issued a public apology following his life sentence for orchestrating what a Seoul court described as an insurrection linked to his brief declaration of martial law in...

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,...

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

Alibaba, Baidu, BYD Shares Slide After Pentagon Military List Update

Alibaba Group, Baidu, and electric vehicle giant BYD saw their Hong Kong-listed shares fall sharply on Friday after the companies were briefly included on a U.S. Pentagon list of firms allegedly linked to the Chinese...

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...