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AstraZeneca to expand in immunology with $39 billion acquisition of Alexion

Dec 13, 2020 19:22 pm UTC| Business

UKs AstraZeneca will buy US drugmaker Alexion Pharmaceuticals for $39 billion to diversify from its cancer business to rare-disease and immunology drugs. AstraZeneca would give Alexion shareholders $60 in cash and about...

Audi VW to offer 8 more electric vehicles in S. Korea by 2023

Dec 13, 2020 19:02 pm UTC| Business

Audi Volkswagen will boost its electric vehicle lineup in South Korea to meet growing local demand for zero-emission cars with the addition of eight all-electric models by 2023. According to Audi Volkswagen Korea...

Hyundai Motor to acquire 80% stake of US robotics firm Boston Dynamics

Dec 12, 2020 22:52 pm UTC| Business

A Hyundai Motor Co.-led group will buy an 80-percent stake, worth up to 900 billion won, in US robotics firm Boston Dynamics Inc. from Japanese investment firm SoftBank Group. Hyundai Motor Co. and Hyundai Motor...

S. Korea to create 26 billion won fund for digital media creators

Dec 12, 2020 22:45 pm UTC| Business

South Korea will set up a fund worth 26 billion won to support the countrys small and midsized digital media companies and one-person media. According to the countrys Ministry of Science and ICT, the fund would support...

Samsung accounts for 28.4% of Russian smartphone sales in Q3, tops market

Dec 12, 2020 00:17 am UTC| Business

Samsung Electronics Co. accounted for 28.4 percent of smartphone sales in Russia in the third quarter to edge Chinese rival Huawei Technologies Co. by 2.9 percent for the top spot, according to market researcher...

Apple sued over alleged App Store monopoly

Dec 12, 2020 00:04 am UTC| Business

App store creator Cydia sued Apple Inc. for unspecified damages in the Oakland, California federal court for illegally monopolizing software distribution on its operating system. Cydia, which was created in 2008,...

Hyundai to invest 60 trillion won in future businesses by 2025

Dec 11, 2020 23:58 pm UTC| Business

Hyundai Motor company vowed to invest 60.1 trillion won in future businesses to achieve a 5 percent global market share and secure an 8 percent operating profit in the automotive sector by 2025. Dubbed the 2025...

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Economy

Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027

Goldman Sachs has raised its USD/JPY exchange rate forecasts, predicting the Japanese yen will remain under pressure as elevated U.S. Treasury yields, limited recession risks in the United States, Japans fiscal concerns,...

Asian Currencies Rise as Dollar Weakens; Yen Holds Steady Amid Japan Intervention Watch

Most Asian currencies edged higher on Friday after the U.S. dollar retreated from a 13-month high following weaker-than-expected U.S. nonfarm payrolls data, raising fresh questions about the Federal Reserves interest rate...

Asian Stocks Rebound as Tech Shares Rally on Fed Rate Cut Hopes and Easing Iran Tensions

Asian stock markets rebounded sharply on Friday as investors returned to technology shares following a week of heavy selling, while easing geopolitical tensions and growing expectations of Federal Reserve interest rate...

Oil Prices Slip as Oversupply Concerns and U.S.-Iran Talks Shape Market Outlook

Oil prices edged lower on Friday as improving global crude supplies and expectations of near-term oversupply continued to pressure the market, while traders reduced bearish positions ahead of the U.S. holiday weekend....

Gold Price Today: Bullion Heads for First Weekly Gain as Weak U.S. Jobs Data Eases Rate Hike Fears

Gold prices stabilized on Friday as weaker-than-expected U.S. nonfarm payrolls data eased concerns over additional Federal Reserve interest rate hikes, helping bullion recover after recently falling to an eight-month low....

Politics

Trump Administration Proposes Repeal of 702 Federal Regulations in Major Deregulation Push

The Trump administration is moving forward with one of its largest deregulation efforts, proposing to eliminate 702 federal regulations across multiple government agencies as part of its latest semiannual regulatory...

Iran Holds State Funeral for Ali Khamenei as Security Fears Shape Succession

Millions of Iranians gathered in Tehran on Saturday for the state funeral of slain Supreme Leader Ali Khamenei, while authorities confirmed that his son and successor, Ayatollah Mojtaba Khamenei, would not lead funeral...

Trump Offers to Help Advance Ukraine Peace Talks in Call With Putin

U.S. President Donald Trump told Russian President Vladimir Putin that Washington remains ready to help advance efforts to end the war in Ukraine during a phone call that lasted nearly 90 minutes, according to Kremlin aide...

UN Warns of Looming Human Rights Catastrophe in Sudan’s Al-Obeid

The United Nations has warned that a new human rights catastrophe is unfolding in Sudan as fighting intensifies around the besieged city of al-Obeid, the capital of North Kordofan state. U.N. High Commissioner for Human...

Amy Coney Barrett Faces Conservative Backlash After Key Supreme Court Rulings Against Trump

U.S. Supreme Court Justice Amy Coney Barrett has drawn criticism from some conservatives after joining decisions that blocked several major priorities of President Donald Trump during the courts latest term. Although...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

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...

Technology

Anthropic Tightens AI Access Controls After Reports of China-Based Workarounds

Anthropic is strengthening measures to prevent unauthorized access to its artificial intelligence services from China after discovering that several Chinese companies had allegedly bypassed its restrictions, according to a...

Kuaishou Stock Jumps as Kling AI Secures $2 Billion Funding Round

Hong Kong-listed shares of Kuaishou Technology (HK:1024) climbed more than 6% on Thursday after its spun-off artificial intelligence business, Kling AI, secured an initial $2 billion in venture capital funding to...

Meta CEO Zuckerberg Says AI Agent Development Has Slowed Despite Massive AI Investment

Meta Platforms (NASDAQ: META) CEO Mark Zuckerberg has acknowledged that the companys progress in developing artificial intelligence (AI) agents has been slower than expected, despite Metas aggressive investment in AI...

Kioxia Bets on AI Memory Boom With Next-Gen NAND Production in Japan

Kioxia is set to mark a major milestone on Friday with a ceremony at its manufacturing facility in northern Japan as the company prepares to begin mass production of its next-generation NAND flash memory chips. The move...

OpenAI Proposes 5% U.S. Government Stake Amid AI Policy Talks

OpenAI has reportedly proposed granting the U.S. government a 5% ownership stake in the artificial intelligence company as it seeks to strengthen ties with Washington and address growing political scrutiny over the rapidly...