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Samsung SDI invests 808 billion won in battery R&D in 2020

Mar 09, 2021 23:39 pm UTC| Business Technology

Samsung SDI Co. spent a record high of 808.3 billion won in research and development last year to develop advanced battery technologies. The amount accounted for 7.2 percent of Samsung SDIs 2020 sales. South Koreas...

Kakao expands into pet taxi service

Mar 09, 2021 23:36 pm UTC| Business Technology

Kakao Mobility Corp., has acquired South Koreas No. 1 pet taxi service, Pet Me Up, in a move to broaden its business portfolio. A subsidiary of mobile giant Kakao Corp., Kakao Mobility will set up a pet taxi division...

Daimler's $1.5 billion diesel emissions settlement gets US approval

Mar 09, 2021 23:34 pm UTC| Business

A US District judge approved Daimler AGs $1.5 billion settlement to resolve a US government probe for its use of software that allowed excess diesel pollution to be emitted by 250,000 of its vehicles in the US. The...

Pizza Hut flops with version of Detroit-style pizza that looks like vomit

Mar 09, 2021 23:32 pm UTC| Business

Pizza Hut elicited a mostly negative response on social media and in some food publications with its version of the square-shaped Detroit-style pizza. According to Deadline Detroit, locals say that Pizza Huts...

Electric Vehicle Series

Aston Martin vows to manufacture its electric cars in UK

Mar 09, 2021 23:29 pm UTC| Business

Luxury car giant Aston Martin has pledged to manufacture all of its electric cars in the UK beginning 2025. According to Aston Martins owner, Lawrence Stroll, all of its battery sports cars will be created at its...

Virgin sues US rail company for $251 million on brand damage claims

Mar 09, 2021 23:25 pm UTC| Business Law

Virgin Enterprises sued US rail company Brightline for $251 million for reneging on its 20-year licensing deal by dropping the Virgin name from its trains and claiming the brand has been damaged. According to Virgin,...

Tesla is building massive battery for the Texas grid

Mar 09, 2021 09:58 am UTC| Business

Tesla is set to build a large battery that will be linked to the Texas grid. It was said that Elon Musks company is quietly working on the project and aiming to add a 100-megawatt battery to the said power grid. Teslas...

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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...