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Tue, Dec 30, 2025 12:44 PM All times are UTC

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Lotte's soju export reaches $32M in recent years; Chum Churum soju to increase its presence in the Philippine market

Aug 04, 2022 09:45 am UTC| Business Economy

Lotte Chilsung Co. Ltd revealed on Wednesday, Aug. 3, that it has earned KRW41.9 billion or $32 million for the export of its Chum Churum Soonhari flavored soju. The amount was the total exports in the years between 2016...

TJ Maxx, Marshalls, HomeGoods parent company fined for selling recalled baby products

Aug 04, 2022 08:34 am UTC| Business Economy

The TJX Companies, Inc., the parent company of TJ Maxx, Marshalls, and HomeGoods has been slapped with a heavy fine after it was discovered to sell some recalled baby products. It has agreed to pay the fine of $13...

Ben & Jerry's, Unilever conflict intensifies after freezing salaries of directors

Aug 04, 2022 07:56 am UTC| Business Economy

Ben Jerrys, the American company that manufactures ice cream, frozen yoghurt, and sorbet, is in conflict with its parent company, Unilever, over the sale of its business in Israel. It was reported that the dispute...

Walmart announces job cuts for corporate staff after lowering profit forecast

Aug 04, 2022 07:32 am UTC| Business Economy

Walmart Inc. is set to lay off some of its corporate employees, and this will affect around 200 people. The announcement comes not long after the company issued a profit warning by lowering its earnings...

Inflation isn't the 6.1% they say it is – for many of us, it is much lower

Aug 04, 2022 04:46 am UTC| Economy

We learnt last week inflation is officially 6.1% way above the average over the past 20 years of 2.5%. This is right in the middle of the Reserve Banks 2-3% target band. But although the rate is now 6.1%, not everybody...

SK Bioscience seeks approval for its SKY Covione COVID vaccine in Europe

Aug 03, 2022 11:23 am UTC| Health Economy Business

SK Bioscience has applied for conditional approval for the use of SKY Covione, a COVID-19 vaccine, with the European Medicines Agency (EMA). SKY Covione, developed jointly by the biotech affiliate of SK Group and the...

Asahi Beer abolishes 'image girl' spokesmodel position

Aug 03, 2022 11:03 am UTC| Life Economy Business

Asahi abolished the image girl spokesmodel position, which formed part of its marketing strategy, without clarifying the reasons. In 2021, when the pandemic protocols and social distancing recommendations were making...

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Economy

Forex Markets Hold Steady as Traders Await Fed Minutes Amid Thin Year-End Volumes

Major currencies traded within narrow ranges on Tuesday as subdued market conditions persisted amid thin year-end trading volumes. With many investors already sidelined ahead of the New Year holiday, activity across global...

Gold Prices Rebound in Europe as Geopolitical Tensions and Fed Outlook Support Bullion

Gold prices rose in European trading on Tuesday, rebounding after a sharp pullback from near record highs in the previous session, as year-end profit-taking eased and renewed geopolitical tensions boosted safe-haven...

Asian Markets Slip as Precious Metals Cool, Geopolitical Tensions Weigh on Sentiment

Asian stock markets edged lower on Tuesday, tracking losses on Wall Street as a pullback in technology shares dampened investor sentiment. Market liquidity remained thin due to a holiday-shortened trading week,...

South Korea Factory Output Misses Forecasts in November Amid Ongoing Economic Uncertainty

South Koreas factory output showed weaker-than-expected performance in November, highlighting continued uncertainty in the countrys industrial sector as global demand remains uneven. According to official data released...

Oil Prices Slip Slightly as Markets Weigh Geopolitical Risks and Supply Glut Concerns

Oil prices edged lower in early Tuesday trading after posting gains of more than 2% in the previous session, as commodity markets reacted to weakness in precious metals while remaining sensitive to escalating geopolitical...

Politics

Kremlin Says Ukrainian Drone Attack Hardens Russia’s Stance on Peace Talks

The Kremlin said on Tuesday that an alleged Ukrainian drone attack targeting a presidential residence in Russias Novgorod region would harden Moscows negotiating position on any potential peace deal to end the war in...

Najib Razak Files Appeal Against Latest 1MDB Corruption Conviction and 15-Year Sentence

Former Malaysian prime minister Najib Razak has filed an appeal against his latest corruption conviction linked to the multibillion-dollar 1MDB scandal, his lawyer confirmed on Tuesday. The appeal challenges both the...

Jazz Ensemble Cancels Kennedy Center New Year’s Eve Shows After Trump Renaming Sparks Backlash

A renowned veteran jazz group has become the latest artist to withdraw from performances at Washingtons Kennedy Center following its controversial renaming to include U.S. President Donald Trump. On Monday, the Cookers...

Boeing Secures $8.6 Billion Pentagon Contract for F-15 Jets for Israel

Boeing has been awarded an $8.6 billion defense contract by the United States Department of Defense for the F-15 Israel Program, marking one of the most significant recent foreign military sales agreements between...

U.S. Government Agrees to Review Frozen NIH Diversity Research Grants After Legal Challenge

The Trump administration has reached an agreement with researchers and Democratic-led states who filed a lawsuit over cuts to diversity-related research funding at the National Institutes of Health (NIH). The deal,...

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

Samsung Electronics Secures Annual U.S. Licence for China Chip Equipment Imports in 2026

Samsung Electronics has obtained an annual licence from the United States government that allows the South Korean technology giant to import critical semiconductor manufacturing equipment into its China-based facilities...

Applied Digital Stock Rises on AI Cloud Spinoff Plan and ChronoScale Launch

Applied Digital (NASDAQ: APLD) shares climbed about 1.2% in after-hours trading on Monday after the company announced a proposed business combination designed to spin off its cloud computing operations into a new,...

Meta Acquires AI Startup Manus to Expand Advanced AI Capabilities Across Platforms

Meta has announced that it will acquire Manus, a Chinese artificial intelligence startup, marking another significant step in the companys aggressive push to expand its AI capabilities across both consumer and business...

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...