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Mon, Dec 29, 2025 04:57 AM All times are UTC

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Korea Investment Corporation acquires stake in US' Golub Capital

Dec 12, 2022 07:12 am UTC| Business Economy

The Korea Investment Corporation (KIC) has expanded its partnership with Golub Capital LLC, a credit asset manager based in the United States, by acquiring a minority stake in the company. The deal will strengthen their...

Cathay Pacific opens first retail store in Hong Kong mall

Dec 11, 2022 23:30 pm UTC| Life Economy Business

Cathay Pacific Airways opened its first retail space in Asia at Hong Kongs Cityplaza shopping mall to bring customers and loyalty program members an online to offline to online shopping experience. Customers can scan...

Kenneth Cole to debut in India

Dec 11, 2022 23:24 pm UTC| Life Economy Business

American fashion brand Kenneth Cole has debuted digitally in India, offering its apparel, accessories, and footwear digitally while establishing its own Online Brand Store (OBS) on Myntra, Nandita Sinha, CEO of Myntra,...

Popeyes expected to beef up fast-food competition as it returns to S. Korea next week

Dec 10, 2022 10:40 am UTC| Business Economy

Popeyes fried chicken chain is officially returning to South Korea next week after a 2-year hiatus. The American fast-food franchise is set to open new stores in the southern part of Seoul, and once in operation, business...

Walmart mulls offering of BNPL loan plans via its fintech venture

Dec 10, 2022 09:36 am UTC| Business Economy

Walmart Inc. is planning to offer a buy now, pay later loan to its customers through the fintech venture that it is supporting. Insiders said that the retail company is aiming to launch the BNPL offering as soon as next...

Google merges Waze and Google Maps service teams to cut costs

Dec 10, 2022 09:35 am UTC| Business Economy

Google is reportedly planning to merge the mapping team of Waze and its own group that is managing the Maps product. The tech firm came up with this plan as it faces pressure to cut costs and simplify its operations. In...

Ferrero to fortify ice cream biz with acquisition of Wells

Dec 09, 2022 23:46 pm UTC| Life Economy Business

Ferrero will acquire US ice cream manufacturer, Wells Enterprises, to support its growth strategy in the ice cream category. The acquisition, which is expected to accelerate Wellss growth, encompasses operations and...

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Economy

Asian Stock Markets Trade Narrowly as Year-End Volumes Thin, KOSPI Outperforms on Tech Rally

Asian stock markets moved mostly sideways on Monday as thin year-end trading volumes and reduced investor participation kept activity muted across the region. With many global investors already having completed year-end...

Hong Kong Home Prices Rise for Sixth Straight Month as Rate Cuts Lift Market Sentiment

Hong Kong private home prices continued their steady recovery in November, rising for the sixth consecutive month as lower interest rates and a strong stock market helped improve buyer confidence. According to government...

Trump Says Ukraine Peace Deal ‘Closer,’ But Key Disputes Remain Unresolved

Following talks with Ukrainian President Volodymyr Zelensky, former US President Donald Trump stated a possible peace agreement on Ukraine is closer, citing a lot of progress toward a possible conclusion of the conflict....

BOJ Signals Further Rate Hikes as Inflation and Weak Yen Remain in Focus

Bank of Japan policymakers are increasingly signaling that further interest rate hikes may be necessary, even after the central bank raised rates in December, according to a recently released summary of opinions. The...

China’s Central Bank to Launch New Digital Yuan Management Framework from January 1

Chinas central bank is preparing to strengthen oversight of its digital currency with the release of a new action plan focused on digital yuan management, signaling another major step in the evolution of the countrys...

Politics

Trump and Zelenskiy Signal Progress Toward Ukraine Peace Deal, Donbas Still Unresolved

U.S. President Donald Trump said he and Ukrainian President Volodymyr Zelenskiy are moving very close to a potential agreement to end the war in Ukraine, following high-level talks at Trumps Mar-a-Lago resort in Florida....

Trump–Netanyahu Talks Aim to Revive Gaza Ceasefire and Address Iran, Hezbollah Tensions

U.S. President Donald Trump is expected to push for progress on the stalled Gaza ceasefire when he meets Israeli Prime Minister Benjamin Netanyahu on Monday, according to statements from Israeli officials. The high-level...

FBI Surges Resources to Minnesota Amid Fraud Investigations Linked to Somali Community

The Federal Bureau of Investigation has surged additional investigative resources and personnel to Minnesota, according to FBI Director Kash Patel, marking a significant escalation in federal fraud investigations that have...

Australia Orders Independent Review After Bondi Mass Shooting, Albanese Resists Royal Commission Calls

Australian Prime Minister Anthony Albanese has announced an independent review into the countrys law enforcement and security agencies following the deadly Bondi mass shooting, as pressure mounts on the government to...

South Korea Prosecutor Alleges Former First Lady Kim Keon Hee Abused Power for Bribes

A special prosecutor in South Korea has concluded that Kim Keon Hee, the wife of former President Yoon Suk Yeol, interfered in state affairs in exchange for expensive gifts and money, according to findings announced on...

Science

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...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

China’s LandSpace Takes Aim at SpaceX With Reusable Rocket Ambitions

Chinas private rocket startup LandSpace is rapidly emerging as a key challenger in the global commercial space race, openly drawing inspiration from Elon Musks SpaceX while reshaping Chinas traditionally state-led space...

China Proposes Stricter Rules for AI Services Offering Emotional Interaction

Chinas top internet regulator has released draft regulations aimed at tightening oversight of artificial intelligence services that simulate human personalities and engage users emotionally, signaling a stronger push to...

Nvidia and Groq Strike Strategic AI Inference Licensing Deal

Reports earlier this week suggested that Nvidia (NASDAQ: NVDA) had agreed to acquire AI chip startup Groq in a $20 billion all-cash transaction. However, updated details clarify that the arrangement is not a traditional...

TSMC Honors Japanese Chip Equipment Makers With 2025 Supplier Awards

Several leading Japanese semiconductor equipment manufacturers have been recognized with 2025 Supplier Awards from Taiwan Semiconductor Manufacturing Company (TSMC), highlighting their growing importance in the global chip...

Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance

NVIDIA (NASDAQ: NVDA) has reportedly agreed to acquire Groq, a fast-growing designer of high-performance artificial intelligence accelerator chips, in a $20 billion all-cash transaction, according to a CNBC report. The...