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Japan's Kirin drops Myanmar Brewery as partner due to military ties

Feb 05, 2021 23:51 pm UTC| Business

Japanese brewing giant Kirin is ending a six-year-old joint venture with Myanmar Economic Holdings Public Company Limited for its links with the countrys military after the Myanmar army this week seized power in a...

South Korea to build world's largest offshore wind farm for 48.5 trillion won

Feb 05, 2021 23:44 pm UTC| Economy Business

South Korea unveiled a plan to build the worlds largest offshore wind power plant with a maximum capacity of 8.2 gigawatts at 48.5 trillion won as a major component of President Moon Jae-ins Green New Deal. The 8.2 GW...

US thanks Taiwan for helping resolve auto chips shortage

Feb 05, 2021 23:40 pm UTC| Economy Business

The US expressed its gratitude to Taiwan for helping resolve a chip shortage that has snarled auto production, said Taiwan Economy Minister Wang Mei-hua. It transpired during a high-level closed-door meeting attended by...

Tiktok rival Kuaishou raises $5.32 billion in world's biggest IPO since 2019

Feb 05, 2021 23:25 pm UTC| Economy Business

The Tencent-backed Kuaishous stock closed at $38.70 apiece, marking a 161 percent jump over the $14.80 the firm issued them at, raising $5.32 billion in the offing--the biggest IPO since the pandemic began. If the...

Ford posts strong Q4 results, vows to invest $29 billion on electric and self-driving cars

Feb 05, 2021 23:20 pm UTC| Economy Business

Ford made $1.3 billion in the fourth quarter of 2020, excluding special items, more than twice the $499 million made in the last quarter of 2019, as it vows to invest $29 billion in electric and autonomous vehicles. But...

Yogiyo, eBay: South Korean brands struggle to find buyers

Feb 05, 2021 11:12 am UTC| Business Economy

Yogiyo and the South Korean division of eBay are two of the major companies that have been listed for sale this year. While these businesses are still active and can be lucrative, it was revealed that no one is interested...

General Motors forced to reduce production in the U.S. and S. Korea due to chip shortage

Feb 05, 2021 10:32 am UTC| Business Economy

General Motors announced this week that it will be reducing its production at four factories. The American automaker was forced to do this as chips needed to complete a vehicle has run out already. GM reveals the...

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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...