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Hyundai to recall 180,000 SUVs in US due to faulty anti-lock braking system

Sep 12, 2020 14:06 pm UTC| Business

Hyundai Motor Co. has recalled around 180,000 SUVs in the US due to defective anti-lock brake circuit boards that can cause fires. South Koreas largest carmaker by sales has been informed of a dozen engine fires caused...

TikTok operator earmarks billions for investment in Singapore

Sep 12, 2020 08:20 am UTC| Business

TikTok owner ByteDance will invest billions of dollars in Singapore while recruiting hundreds of employees and stepping up the installation of servers in the Southeast Asian country to back up US data. There are...

Chinese firms seek to acquire Philips’ $3.6 billion home appliances unit

Sep 12, 2020 06:00 am UTC| Business

Chinese firms Joyoung, Gree Electric, Haier, and Midea are among those eyeing to acquire the $3.6 billion domestic appliances business of Dutch conglomerate Philips. A Philips spokesman said that they expect to start...

Samsung No. 1 smartphone vendor in Egypt with 23.8% market share

Sep 11, 2020 21:51 pm UTC| Business

Samsung Electronics Co. topped Egypts smartphone market from April to June with 23.8 percent of sales. Trailing Samsung were Chinese brands Oppo at second and third-placer Xiaomi. According to market researcher...

A Beginner’s Guide to Gold Investments

Sep 11, 2020 11:00 am UTC| Business

Gold has always been one of the best assets to invest in. Going back to about 5,000 years ago, gold provided a safe haven for those who were affected by war, devaluations, political unrest, and economic crises. During...

DHIC to provide floating turbines to East Sea offshore wind farm

Sep 11, 2020 05:18 am UTC| Business

Doosan Heavy Industries Construction Co. (DHIC) will provide floating wind turbines to Korea National Oil Corp.s floating offshore wind farm project in the East Sea, off the coast of Ulsan. The project, announced by...

BP invests $1.1 billion in US offshore wind projects to power 2 million homes

Sep 10, 2020 23:39 pm UTC| Business

BP is investing $1.1 billion into offshore wind power in the US through the purchase from Norways Equinor of a 50 percent stake in the Empire Wind and Beacon Wind projects. The projects, located off New York City and...

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Economy

Oil Prices Rise Amid Iran Conflict and Strait of Hormuz Disruption

Oil prices climbed on Friday as geopolitical tensions in the Middle East continued to unsettle global energy markets. Efforts to resolve the ongoing conflict involving Iran remain stalled, with Tehran maintaining its...

Asian Stock Markets Rise Amid Wall Street Rally and U.S.-Iran Tensions

Asian stock markets edged higher on Friday in thin holiday trading, following record-breaking gains on Wall Street, while investors remained cautious about escalating tensions between the United States and Iran. Trading...

Gold Prices Hold Steady as Iran War and Interest Rate Outlook Weigh on Markets

Gold prices stabilized during Asian trading on Friday, showing slight gains after two consecutive months of losses. Investors remain cautious as uncertainty surrounding the Iran war and its impact on global inflation and...

Yen Weakens After Intervention Spike as Dollar Stabilizes Amid Global Tensions

The Japanese yen slipped on Friday after a sharp surge in the previous session, which was widely attributed to suspected currency market intervention by Tokyo. Meanwhile, the U.S. dollar stabilized following notable losses...

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,...

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...