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Luxury goods: why elite brands are weathering the pandemic better than high street retailers

Nov 04, 2020 00:14 am UTC| Business

Clothes shops are among the worst hit retailers from the coronavirus pandemic. Sales in the UK are still well down on pre-March levels. Big players such as HM and Gap are closing stores, and jobs are being lost....

Korea’s beer exports drop by 46% in first nine months

Nov 03, 2020 22:57 pm UTC| Business

Overseas shipments of South Korean beer dropped by 46 percent to $54.1 million in the first nine months of the year from $117.3 million last year, the Korea Agro-Fisheries Food Trade Corp. revealed. Exports to China...

S. Korea to allow withdrawal of foreign bills at convenience stores

Nov 03, 2020 22:16 pm UTC| Business

South Koreas finance ministry will allow the withdrawal of foreign banknotes exchanged from Korean currency automated teller machines in convenience stores beginning next year to ease regulations in the foreign exchange...

Affiliates under S. Korea's antitrust watch list increase by 24

Nov 03, 2020 21:54 pm UTC| Business

The number of affiliates of major conglomerates under S. Koreas antitrust watch list increased by 24 to reach 2,325 as of the end of October, with the groups expanding investments in digital content and financial...

LG Electronics to build mini 'Silicon Valley' in Vietnam

Nov 03, 2020 20:08 pm UTC| Business

LG Electronics Inc. will set up its second research and development (RD) center in Vietnam at the Da Nang Information Technology Park Tower with a vision of transforming the city into a mini Silicon Valley. The company...

S. Korea's Hyosung T&C to invests 60 billion won in Turkey spandex plant

Nov 03, 2020 12:33 pm UTC| Business

Hyosung TC will invest 60 billion won in Turkey to boost the size of its spandex production plant from an annual capacity of 15,000 metric tons to 40,000 tons by July next year. The fiber production unit of Hyosung...

Kepco to build more grids to meet demand from renewable energy facilities

Nov 03, 2020 10:25 am UTC| Business

Korea Power Corp. (Kepco) will construct power grids in regions where renewable energy facilities are expected to be built, including the counties of Shinan and Yeonggwang in South Jeolla. Province. Kepco has been...

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Economy

Tokyo Inflation Slows Despite Energy Pressures and BOJ Policy Outlook

Tokyos latest inflation data showed mixed signals in April, highlighting the complex balance between rising global energy costs and domestic government intervention. Japan inflation trends remain a key focus for investors,...

US Stock Futures Rise as S&P 500 and Nasdaq Hit Record Highs Amid Earnings Optimism and Iran Tensions

U.S. stock futures edged higher বৃহস্পতিবার evening following record-breaking performances from the SP 500 and Nasdaq Composite, as investors weighed strong corporate earnings against ongoing geopolitical uncertainty...

US Dollar Weakens as Yen Surges Amid Japan Intervention and Central Bank Moves

The U.S. dollar declined notably in global forex markets, with the Japanese yen emerging as a key beneficiary following reports of currency intervention by Japans authorities. The dollar index, which measures the greenback...

Markets Stay Strong Despite Oil Shock Concerns as Earnings Drive Investor Confidence

Global financial markets continue to show resilience despite ongoing geopolitical tensions and disruptions in oil supply. Analysts note that while the conflict involving Iran raised fears of a major oil shock, energy...

WTI Crude Oil Prices Rise Amid Iran Conflict Uncertainty

U.S. West Texas Intermediate (WTI) crude oil prices edged higher at market open, gaining 41 cents or 0.43% to reach $105.50 per barrel. The increase follows heightened volatility driven by ongoing geopolitical tensions,...

Politics

U.S. Flags Vietnam as “Priority Foreign Country” Over Intellectual Property Concerns

The Office of the United States Trade Representative (USTR) has officially designated Vietnam as a Priority Foreign Country in its latest annual intellectual property (IP) report, signaling heightened concern over the...

Japan Eases Arms Export Rules, Opening Door for Potential Ukraine Defense Support

Japans recent relaxation of its weapons export rules could pave the way for future discussions on supplying military equipment to Ukraine, according to Kyivs ambassador to Tokyo. The policy shift, led by Prime Minister...

FEMA Reinstates Employees After Dissent Letter, Signaling Shift in Workforce Stability

The U.S. Federal Emergency Management Agency (FEMA) has reinstated more than a dozen employees who were placed on administrative leave in August 2025 after signing a public letter criticizing agency leadership and...

Iran Threatens Prolonged Strikes as Strait of Hormuz Crisis Drives Global Oil Surge

Iran has warned it will launch long and painful strikes against U.S. positions if Washington escalates military action, intensifying tensions in the ongoing U.S.-Israeli conflict with Tehran. The situation has...

Lula Plans New Supreme Court Nomination After Historic Senate Rejection

Brazilian President Luiz Inácio Lula da Silva is preparing to submit a new nominee for the Supreme Federal Court after the Senate rejected his initial choice, marking a historic political setback. According to...

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

Apple Q2 2026 Earnings Surge as iPhone 17 Sales Drive Record Revenue

Apple delivered a strong fiscal Q2 2026 performance, reporting record-breaking revenue and profit growth fueled by robust iPhone sales and expanding services. The tech giant posted earnings of $2.01 per share on $111.18...

FBI Warns of China’s Expanding Hack-for-Hire Network Amid Extradition Case

The Chinese governments alleged hack-for-hire ecosystem is rapidly expanding and becoming increasingly difficult to control, according to a senior FBI official. Speaking on Thursday, FBI Assistant Director Brett Leatherman...

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...

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...