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Thu, Apr 30, 2026 02:41 PM All times are UTC

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Volkswagen faces EU fine for missing 2020 emissions targets

Jan 22, 2021 18:04 pm UTC| Economy Business

Volkswagen is facing a fine of over $121 million for narrowly missing EU targets on carbon dioxide (CO2) emissions from its 2020 passenger car fleet. CEO Herbert Diess blamed the COVID-19 pandemic for its failure to...

Hyundai E&C swings to Q4 loss mainly due to currency-related woes

Jan 22, 2021 15:50 pm UTC| Business Economy

Hyundai Engineering Construction Co. shifted to a net loss of 122 billion won in the fourth quarter of 2020 after posting a net profit of 6.9 billion won in the same period last year, mainly due to the US dollars strength...

S. Korea to deploy ships to cushion exporters from soaring freight rates

Jan 22, 2021 12:11 pm UTC| Economy Business

South Korea will deploy at least five vessels by the end of February to support exporters facing increasing freight costs amid soaring demand. According to the Ministry of Trade, Industry, and Energy, HMM Co., South...

S. Korea favored by WTO in tariff case against US

Jan 22, 2021 10:44 am UTC| Economy Business Law

The World Trade Organization (WTO) favored South Korea in its lawsuit against the US for levying high tariffs on its steel and power transformer products since May 2016. According to the WTO panel, eight cases of...

MeWe: Social media users are signing up on ‘anti-Facebook’ rival platform due to data privacy issues

Jan 22, 2021 10:32 am UTC| Business

MeWe is an American social media platform that has been described as anti-Facebook. This is due to the fact that the company is promoting itself as the next-gen social networking site with no BS. No Ads and No Spyware,...

Google threatens to block services in Australia if forced to pay for news

Jan 22, 2021 10:21 am UTC| Economy Business

Google threatened to block its search engine function in Australia if its government forces it and Facebook Inc to pay media companies for using their content. The result would be degraded search and YouTube experiences...

Qualcomm stocks plummeted as export to Huawei was restricted; MediaTek took over as the leading chip supplier

Jan 22, 2021 10:15 am UTC| Business Economy

Qualcomm was known to be the leading system on chips (SOC) supplier of the leading smartphone manufacturers in China. In fact, in 2020, around 307 million chips were delivered to Chinese companies, but in a new report, it...

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Economy

Oil Prices Surge Amid U.S.-Iran Tensions and Supply Disruption Fears

Global oil prices climbed sharply on Thursday as escalating geopolitical tensions between the United States and Iran fueled concerns about further supply disruptions in the Middle East. Brent crude oil prices surged by as...

Asian Stocks Slip as Oil Prices Surge and Fed Signals Inflation Risks

Asian stock markets declined on Thursday as investors reacted to a sharp rise in oil prices, mixed corporate earnings, and a cautious outlook from the U.S. Federal Reserve. The combination of geopolitical tensions, energy...

Dollar Holds Near Two-Week High as Fed Hawkish Shift Lifts Yields, Yen Near Intervention Zone

The U.S. dollar remained close to its strongest level in more than two weeks on Thursday, supported by a hawkish shift from Federal Reserve policymakers that pushed Treasury yields to a one-month high. Currency markets are...

US Stock Futures Mixed as Fed Holds Rates, Oil Prices Surge, and Big Tech Earnings Drive Market Moves

U.S. stock index futures traded mixed on Wednesday evening as investors reacted to the Federal Reserves latest policy decision, rising oil prices, and a fresh round of earnings from major technology companies. Market...

China Factory Activity Extends Growth in April Despite Global Pressures

Chinas manufacturing sector continued to expand for a second consecutive month in April, signaling resilience in the worlds second-largest economy despite ongoing global uncertainties. According to official data from the...

Politics

Russian Drone Strikes Hit Odesa Again, Injuring Civilians and Damaging Infrastructure

Russian drone attacks targeted the southern Ukrainian city of Odesa overnight, marking the second assault this week and leaving at least 18 people injured, according to local officials. The latest strike adds to the...

US House Advances $70 Billion Immigration Enforcement Budget Plan

The U.S. House of Representatives has approved a three-year budget framework that could unlock an additional $70 billion for immigration enforcement, marking a significant step in shaping future border security policies....

Trump to Receive Briefing on Potential U.S. Military Action Against Iran

U.S. President Donald Trump is expected to receive a high-level security briefing on Thursday regarding new military options targeting Iran, according to a report by Axios citing unnamed sources. The briefing will be led...

Taiwan Independence Explained: History, Status, and Rising China Tensions

Taiwan independence remains a highly debated issue in global politics, especially as tensions between China and the United States continue to shape international relations. The topic is expected to feature prominently in...

Taiwan Activates Backup Communications After Undersea Cable Break on Dongyin Island

Taiwan has activated emergency backup communications for Dongyin, its northernmost and strategically important island, after an undersea cable was damaged due to shifting shipwreck debris caused by severe weather. The...

Science

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...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

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...

Technology

Meta Raises 2026 Capex Outlook Amid AI Spending Surge, Shares Drop After Earnings

Meta Platforms has increased its full-year capital expenditure guidance for 2026, signaling continued aggressive investment in artificial intelligence infrastructure despite rising costs and market concerns. The company...

Amazon Stock Dips Despite Record Earnings as AI Infrastructure Spending Surges

Amazon (AMZN) shares slipped 2.6% in after-hours trading on Wednesday, even after the company delivered record-breaking quarterly earnings that exceeded Wall Street expectations. The decline reflects investor concerns over...

Alphabet Earnings Surge on AI Growth, Cloud Revenue, and Strong Search Performance

Alphabet Inc. delivered an impressive first-quarter performance, surpassing Wall Street expectations with strong growth driven by its Cloud division and core Search business. The tech giant reported adjusted earnings per...

Qualcomm Stock Surges Despite Weak Guidance After Q2 2026 Earnings Beat

Qualcomm Inc. (NASDAQ: QCOM) shares climbed sharply on Wednesday, closing up 9% after a volatile trading session triggered by its fiscal second-quarter 2026 earnings report and softer-than-expected forward guidance. The...

Microsoft Azure Growth Forecast Beats Expectations Amid Rising AI Competition

Microsoft has projected stronger-than-expected growth for its Azure cloud business, signaling continued momentum in the competitive cloud computing and artificial intelligence market. The company announced it expects Azure...