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Posco readies steel supply for surging LNG tank market

Jan 01, 2021 05:30 am UTC| Business

Posco is readying to expand steel supply for liquefied natural gas (LNG)-fuel tanks on expectations that global demand for environmentally-friendly vessels will increase rapidly next year. A surge in demand for LNG is...

Daimler agrees to $30 million penalty for delayed truck recalls in US

Jan 01, 2021 04:31 am UTC| Business

Daimler Trucks North America agreed to a $30 million penalty slapped by the National Highway Traffic Safety Administration (NHTSA) for failing to resolve an investigation of delayed recalls. Daimler AGs North American...

KDB refuses SsangYong's financing request

Jan 01, 2021 03:50 am UTC| Business

The Korea Development Bank (KDB) turned down SsangYong Motors request for financing after the latter requested an autonomous restructuring support (ARS) program with a local court. KDBs decision would force SsangYongs...

S. Korea posts 10.9 million 5G users in November

Jan 01, 2021 01:36 am UTC| Business Economy

South Korea registered 10.9 million users on fifth-generation (5G) wireless networks as of end-November, accounting for 15.5 percent of the total 70.5 million mobile subscriptions. According to data compiled by the...

Value output of S. Korea's bio sector up 16.2% in 2019

Jan 01, 2021 00:33 am UTC| Business

South Koreas bio-industry increased its value output by 16.2 percent to 12.32 trillion won in 2019 from 10.48 trillion won the previous year due to robust growth of the outsourced business. According to data from the...

Meituan sued for alleged abuse of market power in blocking Alipay

Dec 31, 2020 23:18 pm UTC| Business

Meituan is facing a lawsuit in the Beijing Intellectual Property Court for allegedly abusing its market power by temporarily removing Alipay as a payment option from its main app. Alipay is the payment platform of...

Qatar Airways to increase presence in China

Dec 31, 2020 23:02 pm UTC| Business

Qatar Airways announced it will further increase flight frequencies and the number of destinations in China if the industry environment and local policies permit. The carrier said it is gradually resuming its flights...

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Economy

U.S. Supreme Court Strikes Down Trump Tariffs, Deepening Global Trade Uncertainty

The U.S. Supreme Court has struck down a significant portion of President Donald Trumps trade tariffs, ruling that the sweeping measures imposed under emergency powers were unlawful. While the decision marks a major legal...

USMCA Tariff Exemption Eases Pressure on Mexico and Canada, but Trade Risks Remain

Mexico (EWW) and Canada (EWC) received a temporary boost after the White House confirmed that goods shipped under the United States-Mexico-Canada Agreement (USMCA) will be largely exempt from the newly implemented 10%...

Asian Markets React to Trump’s New 10% Tariff After Supreme Court Blocks Key Trade Levies

Asian trading partners are reassessing their positions after U.S. President Donald Trump pledged to introduce a new 10% tariff on imports from all countries, just hours after the U.S. Supreme Court struck down several of...

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...

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...

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...

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...

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...