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Oil in Global Economy Series

BP paid a steep price for the Gulf oil spill but for the US a decade later, it's business as usual

Apr 24, 2020 05:01 am UTC| Economy Business

The largest offshore oil spill in U.S. history began ten years ago, on April 20, 2010. A massive explosion killed 11 workers on the Deepwater Horizon drilling rig, and a blowout spewed more than 3 million barrels of oil...

Hyundai Motor Execs Return 20% of Salaries

Apr 24, 2020 04:36 am UTC| Business

Hyundai Motor Groups 1,200 executive-level employees have agreed to return 20 percent of their monthly salary beginning this month. The executives came from 51 affiliates and included the groups Executive Vice Chairman,...

Samyang Foods to Post Highest 1Q Sales Amid Pandemic

Apr 24, 2020 04:36 am UTC| Economy Business

Korean instant noodle manufacturer Samyang Foods is poised to register a 30 percent increase in first-quarter sales, to make it the highest quarterly sales in its history. Samyang Foods manufactures the Buldak Spicy...

Oil in Global Economy Series

Oil Price Drop Making South Korean Shipbuilders Nervous

Apr 24, 2020 04:35 am UTC| Economy Business

Plummeting US oil prices and reduced demand for crude oil, and global shipments are making South Koreas shipbuilders jittery, causing them to put order plans on hold. For the first time in history, US benchmark West...

Frank Mastrapasqua Invited to Contribute his 45 Years of Investment Experience to Nashville Business Journal’s Leadership Trust

Apr 23, 2020 06:14 am UTC| Business

It takes a hardworking and dedicated leader to survive 45 years in the investment world. Especially one with as much gusto as Frank Mastrapasqua, the Chairman, Principal, and Chief Investment Officer over at M Capital...

10 Best Ways To Find A Reliable Business Partner

Apr 22, 2020 13:37 pm UTC| Business

Having the right business partner is extremely important. If you want to keep your company going for as long as possible, you want a partner who will not only have business talents and knowledge, but will also work closely...

The Events Industry-Remaining Resilient To The Challenges Of COVID-19

Apr 22, 2020 13:35 pm UTC| Business

Today, the global pandemic, COVID-19, has affected several industries around the world. It has swiftly spread from nation to nation and has transgressed the epidemics in the past both in the rate of infection as well as...

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Economy

MOEX Russia Index Ends Flat as Gold Prices Surge and Oil Mixed

Russian stocks finished Saturdays trading session largely unchanged, with the MOEX Russia Index closing flat at 0.00% in Moscow. Despite the steady headline figure, individual shares posted modest gains and losses,...

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...

Politics

Islamic State Claims New Attacks on Syrian Army as Violence Escalates Under President Ahmed al-Sharaa

Islamic State (IS) has claimed responsibility for two new attacks targeting Syrian army personnel in northern and eastern Syria, signaling what the militant group describes as a new phase of operations against the countrys...

Thousands March in Lyon After Killing of Far-Right Activist Quentin Deranque

Thousands of demonstrators gathered in Lyon, France, on Saturday following the killing of 23-year-old far-right activist Quentin Deranque, whose death has intensified political tensions across the country. Deranque was...

Trump Approves FEMA Emergency Declaration After Massive Potomac River Sewage Spill

U.S. President Donald Trump has approved an emergency declaration for Washington, D.C., following a massive sewage spill into the Potomac River, triggering a coordinated federal response led by the Federal Emergency...

JPMorgan Closes Trump Accounts as $5 Billion Lawsuit Moves to New York

JPMorgan Chase Co. (NYSE: JPM) notified President Donald Trump and his hospitality business in February 2021 that it would terminate their bank accounts, according to newly disclosed letters filed in court. The documents...

Australia Denies Plans to Repatriate Citizens from Syrian Islamic State Camp

Australias centre-left Labor government has firmly denied reports that it is preparing to repatriate a group of Australians detained in a Syrian camp linked to suspected Islamic State militants. The clarification follows a...

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

Nvidia Earnings Preview: AI Growth Outlook Remains Strong Beyond 2026

NVIDIA Corporation (NASDAQ: NVDA) is heading into its upcoming earnings report with Wall Street expecting another quarter of solid performance, driven by surging demand for artificial intelligence infrastructure. While...

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...