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Tue, Dec 30, 2025 02:20 AM All times are UTC

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S. Korean food retail chains face losses amid intensifying price war

Sep 20, 2022 23:12 pm UTC| Life Economy Business

Concerns are growing over the financial soundness of South Korean retailers such as Lotte Mart and E-mart, as they are engaged in an intensifying price war to attract frugal consumers. Lotte Mart saw a 10 billion won...

Beam Suntory to expand, ‘greenify’ distillery

Sep 20, 2022 23:03 pm UTC| Nature Economy Business

Beam Suntory has invested $400 million to build a gas processing facility in its distillery in Boston, Kentucky, to boost its output by 50 percent while halving its greenhouse gas emissions. The company will build a...

PepsiCo, ADM collaborate to support regenerative agriculture

Sep 20, 2022 22:59 pm UTC| Nature Economy Business

ADM and PepsiCo have agreed to collaborate on regenerative agriculture across their shared North American supply chains to eliminate around 1.4 million metric tons of greenhouse gasses. The seven-and-a-half-year...

NY judge allows foie gras sales to continue while ban is challenged in court

Sep 20, 2022 22:54 pm UTC| Law Life Economy Business

The Supreme Court of New York has allowed foie gras to remain on fine dining menus and in city shops while farmers await a ruling on their challenge of New York Citys ban filed earlier this year. A judge issued a...

Chinese solar products boost presence in S. Korean market

Sep 20, 2022 22:48 pm UTC| Business Economy Nature

The proportion of locally-made parts dropped as Chinese-made parts increased in the South Korean solar power market in the last five years. The proportion of South Korean-made solar modules was at 68 percent as of June...

7-Eleven offers 2-for-1 deal of Japan’s most famous mochi ice cream

Sep 20, 2022 22:42 pm UTC| Life Economy Business

7-Eleven Japan will be selling two Yukimi Daifuku for the price of one until September 21st, 2022. Manufactured by Lotte, Yukimi Daifuku is the most famous brand of mochi ice cream in Japan. It has an exterior layer...

LG H&H to discontinue its wet wipes business after recall due to hazardous material

Sep 20, 2022 09:54 am UTC| Business Economy

LG HH announced it would shut down its wet wipes business after it was penalized by the countrys Ministry of Food and Drug Safety. The South Korean consumer goods company is closing the said unit by the end of this...

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Economy

U.S. Stock Index Futures Steady as Markets Await Fed Policy Clues in Holiday-Thinned Trade

U.S. stock index futures were little changed on Monday evening, reflecting cautious sentiment after Wall Street closed lower amid losses in major technology stocks. With markets entering another holiday-shortened trading...

European Markets Mixed as Pound Weakens and Major Corporate Deals Emerge

European financial markets opened the week on a cautious note as investors returned after the long Christmas holiday weekend. British stocks were largely flat at Mondays open, while the pound sterling weakened against the...

Silver Prices Hit Record Highs: How Silver Is Traded and Why Demand Is Surging

Silver prices surged past $80 an ounce for the first time on Monday, driven by a powerful combination of industrial demand, investor interest, persistent supply shortages, and momentum-based trading. The rally briefly...

Gold Prices Ease After Record Highs as Dollar Firms, Broader Bullish Outlook Intact

Gold prices edged lower on Monday after reaching record highs in the previous session, as some investors opted to lock in profits and the U.S. dollar strengthened modestly. Despite the pullback, gold continues to draw...

China to Cut Import Tariffs on Key Commodities and Medical Products From Next Year

China has announced a new round of tariff adjustments set to take effect next year, signaling continued efforts to support domestic industries, enhance supply chains, and promote economic stability. According to a...

Politics

Lockheed Martin Secures $92.8M AEGIS Sustainment Contract from U.S. Navy

Lockheed Martin Rotary and Mission Systems has received a $92.8 million contract modification from the U.S. Naval Sea Systems Command to provide ongoing AEGIS system sustainment services for allied navies in the...

Russia Accuses Ukraine of Drone Plot Against Putin as Peace Talks Face New Strain

Russia and Ukraine exchanged sharp accusations on Monday after Moscow claimed that Ukraine attempted to attack President Vladimir Putins residence with drones, an allegation Kyiv firmly rejected as false and provocative....

China Conducts Largest-Ever Live-Fire War Games Around Taiwan Amid Rising Cross-Strait Tensions

China has launched 10 hours of live-firing military exercises around Taiwan, marking the second day of what Beijing describes as its largest-ever war games encircling the island. The drills, carried out under the Eastern...

Bukele Signals Willingness to Extend Power as El Salvador’s Term Limits Are Scrapped

El Salvadors President Nayib Bukele has again fueled debate over democracy and constitutional order after stating he would be open to remaining in power for another decade. Bukele, who first took office in 2019 and is...

Lavrov Says Russia Holds Strategic Initiative in Ukraine as Settlement Talks Continue

Russian Foreign Minister Sergei Lavrov has stated that Russia maintains the strategic initiative in Ukraine, emphasizing that Western nations must accept the current battlefield realities as discussions on a potential...

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...