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Namyang Dairy may be ordered to temporarily shut down two plants in Sejong

May 07, 2021 05:45 am UTC| Business Economy

Namyang Dairy is reportedly facing the risk of being asked to close down two of its plants in Sejong City over breach of the Act on the Labeling and Advertising of Foods law. It was said that its production facilities may...

ECUADOR VIOLATED THE HUMAN RIGHTS OF ROBERTO AND WILLIAM ISAIAS AND THE UNITED NATIONS ORDERS "FULL REPARATION"

May 07, 2021 00:49 am UTC| Business

The Human Rights Committee of the United Nations at its 116th session held from 7 to 31 March 2016 in Communication No. 2244/2013, established a historic precedent for the protection of human rights and due process with...

How to Enter the Chinese Luxury Market

May 07, 2021 00:46 am UTC| Business

Overview Chinas luxury market has grown steadily at high rates over the past few decades. With such growth, China is predicted to become the worlds biggest luxury market by 2025, according to many expert reports....

China's Huawei and ZTE left out of India's 5G trials

May 06, 2021 21:05 pm UTC| Economy Business

Indias telecom ministry has left out Chinese equipment makers Huawei and ZTE from its 5G trials, while granting permission to a dozen others, including Ericsson, Nokia, and Samsung. The trials would last for six...

Ferrero exceeds 2022 deforestation, sustainability targets

May 06, 2021 20:54 pm UTC| Economy Business

Ferrero Group claims it has either met or exceeded over half of its 2022 targets under the Cocoa Forests Initiative (CFI) during the 2019/20 reporting period. the Italian confectionery company has mapped over 123,000...

Japan takes steps against Chinese and Korean strawberry copycats

May 06, 2021 19:56 pm UTC| Economy Business

Japans government and its companies are taking steps to protect the image and integrity of Japan-developed agricultural products against Chinese and South Korean copycats. Japan has revised the Plant Variety Protection...

PayPal posts $1.10 billion net profit for Q1 helped by cryptocurrency push

May 06, 2021 18:57 pm UTC| Economy Business

PayPal shares rose by as much as 5.5 percent after reporting that its first-quarter earnings net profit rose to $1.10 billion from $84 million a year earlier that were stronger than analysts had expected. The mobile...

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Economy

JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026

JPMorgan has sharply lowered its near-term gold price outlook, citing weaker-than-expected demand from major buying sectors and growing uncertainty over U.S. monetary policy. The bank now expects gold prices to average...

Oil Prices Steady as U.S.-Iran Peace Talks Ease Strait of Hormuz Supply Fears

Oil prices ended the week largely unchanged as investors weighed improving prospects for a lasting U.S.-Iran peace agreement against rising crude supply from the Middle East. Brent crude futures settled up 14 cents, or...

Asian Currencies Rise as Dollar Weakens; Yen Holds Steady Amid Japan Intervention Watch

Most Asian currencies edged higher on Friday after the U.S. dollar retreated from a 13-month high following weaker-than-expected U.S. nonfarm payrolls data, raising fresh questions about the Federal Reserves interest rate...

Asian Stocks Rebound as Tech Shares Rally on Fed Rate Cut Hopes and Easing Iran Tensions

Asian stock markets rebounded sharply on Friday as investors returned to technology shares following a week of heavy selling, while easing geopolitical tensions and growing expectations of Federal Reserve interest rate...

Oil Prices Slip as Oversupply Concerns and U.S.-Iran Talks Shape Market Outlook

Oil prices edged lower on Friday as improving global crude supplies and expectations of near-term oversupply continued to pressure the market, while traders reduced bearish positions ahead of the U.S. holiday weekend....

Politics

UN Warns of Looming Human Rights Catastrophe in Sudan’s Al-Obeid

The United Nations has warned that a new human rights catastrophe is unfolding in Sudan as fighting intensifies around the besieged city of al-Obeid, the capital of North Kordofan state. U.N. High Commissioner for Human...

Amy Coney Barrett Faces Conservative Backlash After Key Supreme Court Rulings Against Trump

U.S. Supreme Court Justice Amy Coney Barrett has drawn criticism from some conservatives after joining decisions that blocked several major priorities of President Donald Trump during the courts latest term. Although...

France Battles Mediterranean Wildfires as Heatwave Fuels Fire Risk

Around 2,000 firefighters battled multiple wildfires across Frances Mediterranean coast on Thursday as strong winds and dry conditions intensified blazes following Europes recent heatwave. One of the most serious fires...

Russia Claims Capture of Kostiantynivka as Putin Pushes Donetsk Offensive

Russia claimed on Friday that its forces had captured the eastern Ukrainian city of Kostiantynivka, a move that, if confirmed, would mark a major step in Moscows campaign to seize full control of Ukraines Donetsk region....

Russian Attacks Kill Six Across Ukraine as Kyiv Mourns Deadly Strike

Russian attacks killed at least six people and injured dozens across multiple regions of Ukraine on Friday, according to regional officials, as Kyiv observed a day of mourning following one of the deadliest assaults on the...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Anthropic Tightens AI Access Controls After Reports of China-Based Workarounds

Anthropic is strengthening measures to prevent unauthorized access to its artificial intelligence services from China after discovering that several Chinese companies had allegedly bypassed its restrictions, according to a...

Kuaishou Stock Jumps as Kling AI Secures $2 Billion Funding Round

Hong Kong-listed shares of Kuaishou Technology (HK:1024) climbed more than 6% on Thursday after its spun-off artificial intelligence business, Kling AI, secured an initial $2 billion in venture capital funding to...

Meta CEO Zuckerberg Says AI Agent Development Has Slowed Despite Massive AI Investment

Meta Platforms (NASDAQ: META) CEO Mark Zuckerberg has acknowledged that the companys progress in developing artificial intelligence (AI) agents has been slower than expected, despite Metas aggressive investment in AI...

Kioxia Bets on AI Memory Boom With Next-Gen NAND Production in Japan

Kioxia is set to mark a major milestone on Friday with a ceremony at its manufacturing facility in northern Japan as the company prepares to begin mass production of its next-generation NAND flash memory chips. The move...

OpenAI Proposes 5% U.S. Government Stake Amid AI Policy Talks

OpenAI has reportedly proposed granting the U.S. government a 5% ownership stake in the artificial intelligence company as it seeks to strengthen ties with Washington and address growing political scrutiny over the rapidly...