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Myeong-dong: South Korea’s shopping hub facing big crisis amid the COVID-19 pandemic

Jan 18, 2021 10:23 am UTC| Business Economy

Myeong-dong in South Korea is one of the must-see destinations when visiting the region. It has been known as the shopping hub and features local and international stores. Myeong-dong sells everything from clothes to...

Woori Financial head Sohn Tae Sung vows to innovate by benchmarking global giants like Google and Amazon

Jan 18, 2021 09:53 am UTC| Business

Woori Financial Group is ready to innovate and widen its reach by benchmarking international companies such as Google and Amazon. The companys chairman Sohn Tae Seung is encouraging the banks subsidiaries to get ready for...

Samsung heir Lee Jae Yong receives prison sentence for embezzlement and bribery charges

Jan 18, 2021 09:14 am UTC| Business

Samsung heir Lee Jae Yong who is also known as Jay Y. Lee, arrived in court on Monday, Jan. 18, to hear the verdict for his retrial over the bribery and embezzlement allegations filed against him. The sentencing of...

Donald Trump reportedly destroyed the Trump brand after the U.S. Capitol siege; What will happen to his business empire?

Jan 18, 2021 08:39 am UTC| Business

Donald Trump was a businessman before he became the 45th president of the United States. Now that his term is over and Joe Biden is taking the oath as the new leader of America, he is expected to return to his life as an...

Parler CEO John Matz: Big Tech did not give them notice about any serious issues until the last minute before shut down

Jan 18, 2021 08:06 am UTC| Business

John Matze, Parler CEO, revealed that his company was only given notice about a serious issue at the last minute before the Big Tech switched them off from their platforms. To be more exact, he said they gave him just 24...

S. Korea's rechargeable battery exports up 2.9% to 7.2 trillion won in 2020

Jan 18, 2021 07:18 am UTC| Economy Business

South Korea shipped 7.2 trillion won worth of rechargeable batteries overseas last year, up 2.9 percent from the year before. Lithium-ion batteries used in electric vehicles (EVs) surged 10.6 percent on-year to 1.3...

Starbucks closed down outlets in New York over fears of violent protest before Joe Biden’s inauguration

Jan 18, 2021 06:53 am UTC| Business

Starbucks is taking precautions amid the planned protest in Manhattan prior to Joe Bidens inauguration on Wednesday, Jan. 20. It was confirmed that several outlets of the coffee chain giant have been temporarily closed as...

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Economy

Trump Meets Vietnam’s To Lam, Signals Easing of U.S. Tech Restrictions and Announces New 10% Tariff

President Donald Trump met with Vietnamese leader To Lam at the White House on Friday, marking their first formal in-person talks and signaling a potential shift in U.S.-Vietnam relations. According to a summary published...

Trump Imposes Temporary 10% Global Tariff After Supreme Court Blocks Earlier Trade Duties

U.S. President Donald Trump has announced a temporary 10% global import tariff after the Supreme Court struck down his previous tariff program imposed under the International Emergency Economic Powers Act (IEEPA). The new...

USTR Launches New Section 301 Trade Investigations After Supreme Court Tariff Ruling

U.S. Trade Representative Jamieson Greer announced Friday that his office will begin several new investigations under Section 301 of the Trade Act of 1974, signaling a renewed focus on U.S. trade enforcement. The move...

U.S. Stocks Rally as Supreme Court Blocks Trump Tariffs, Boosting Tech Giants

U.S. stocks closed higher on Friday after the Supreme Court struck down President Donald Trumps global tariffs, easing investor concerns and lifting major Wall Street indexes. The 6-3 ruling invalidated tariffs introduced...

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...

Politics

Kim Jong Un Reviews Five-Year Achievements at North Korea’s Ninth Workers’ Party Congress

North Korean leader Kim Jong Un has begun reviewing the countrys progress over the past five years during the Ninth Congress of the ruling Workers Party, according to state media outlet KCNA. The high-profile political...

Supreme Court Reviews Trump Administration Policies on Tariffs, Immigration, and Federal Power

Since President Donald Trump returned to office in January 2025, the U.S. Supreme Court has taken up a wide range of high-stakes cases challenging his administrations policies. The rulings and pending decisions touch on...

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...

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

Microsoft Gaming Leadership Overhaul: Phil Spencer Retires, Asha Sharma Named New Xbox CEO

Microsoft has announced a major leadership transition in its gaming division, as longtime executive Phil Spencer retires after 38 years with the company. The move marks a significant shift for Microsoft Gaming at a time...

OpenAI Targets $600B Compute Spend as IPO Valuation Could Reach $1 Trillion

OpenAI is reportedly planning a massive expansion of its artificial intelligence infrastructure, targeting approximately $600 billion in total compute spending through 2030. According to a source cited by Reuters, the...

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...