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Sat, Jan 03, 2026 02:24 AM All times are UTC

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Washington Wizards owner eyes $12 million per year jersey sponsorship deal

Aug 13, 2021 23:25 pm UTC| Sports Economy

NBA team Washington Wizards is eyeing a new jersey sponsorship contract under a so-called unified offer that it hopes would bag it $12 million per year after a deal with the insurance firm GEICO expired. The unified...

Mergepoint discount app's sharp reduction in rewards swamped with complaints

Aug 13, 2021 23:25 pm UTC| Economy Business

Online discount app operator Mergepoint has been swamped with consumer complaints after it significantly reduced its financial reward service. On Friday, hundreds flocked to the Seoul headquarters of the apps operator,...

Korea Investment Corp. divests all Alibaba stakes, unsure of investments in other Chinese tech stocks

Aug 13, 2021 23:25 pm UTC| Economy Investing

Korea Investment Corp. divested its entire of 2.9 million shares worth $221.5 million in Alibaba Group Holding during the second quarter of this year. The sovereign wealth fund also had mixed positions toward US-listed...

Cryptocurrency thief returns $260 million worth of Binance, Ethereum, Polygon

Aug 13, 2021 23:24 pm UTC| Digital Currency Economy

The hacker behind one of the largest cryptocurrency robberies has returned $260 million of the $600 million stolen assets from blockchain platform company Poly Network. Before the moneys return, Poly Network asked the...

Coca-Cola shutting down its Detroit plant in October

Aug 13, 2021 09:54 am UTC| Business Economy

Coca-Cola is moving out of Detroit, and apparently, it will be shutting down its facilities there. It was revealed that the companys plant will be closed in October. According to the Detroit Free Press, Coca-Cola is...

SsangYong Motor reportedly wants SM Group to be its new owner

Aug 13, 2021 09:52 am UTC| Business Economy

SsangYong Motor has been put up for sale after struggling to keep the business going. It did not receive many bids at first, but now, many companies have entered the race for its acquisition. It was recently revealed...

NH NongHyup Bank launches branch office in the U.K.

Aug 13, 2021 09:33 am UTC| Business Economy

NH NongHyup Bank announced on Thursday, Aug. 12, that it has opened an office in the capital of England and the United Kingdom. The South Korean agricultural bank headquartered in Jung-gu, Seoul, launched a branch in...

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Economy

Gold Prices Surge at Start of 2026 as Weak Dollar and Rate-Cut Bets Fuel Demand

Gold prices jumped sharply during Asian trading on Friday, marking a strong start to 2026 after a historic rally last year. Renewed demand for bullion was driven by a weaker U.S. dollar and growing expectations that U.S....

Asian Currencies Trade Flat as Dollar Weakens in Thin New Year Trading

Most Asian currencies traded near flatline levels on Friday as the U.S. dollar edged lower in thin holiday trading at the start of the new year. Reduced market participation across the region kept trading volumes subdued,...

South Korean Won Slides Despite Government Efforts to Stabilize Currency Markets

South Koreas won weakened on the first trading day of the year, slipping against the U.S. dollar despite renewed commitments from monetary and fiscal authorities to stabilize foreign exchange markets. The move highlights...

Asian Stock Markets Start New Year Higher as Tech and AI Shares Drive Gains

Asian stock markets opened the new year on a positive note on Friday, with technology and semiconductor stocks leading gains across the region, despite subdued trading volumes caused by holiday closures in major markets....

Oil Prices Stabilize at Start of 2026 as OPEC+ Policy and Geopolitical Risks Shape Market Outlook

Oil prices edged slightly higher on Friday, marking a steadier start to 2026 after suffering their steepest annual decline since 2020. Investors are cautiously balancing renewed geopolitical tensions with expectations that...

Politics

Trump Warns U.S. Ready to Act if Iran Kills Protesters Amid Escalating Unrest

U.S. President Donald Trump on Friday issued a strong warning to Iran, saying the United States would intervene if Iranian authorities violently kill peaceful protesters during the countrys growing wave of unrest. In a...

Zohran Mamdani Sworn In as New York City Mayor, Pledges Bold Progressive Agenda

Democrat Zohran Mamdani was officially sworn in as New York Citys mayor on Thursday, marking the beginning of a new political era focused on affordability, social equity, and progressive reform in the nations largest city....

Xi Jinping to Host South Korean President Lee Jae Myung as China Seeks to Strengthen Seoul Ties

Chinese President Xi Jinping is set to host South Korean President Lee Jae Myung on a state visit beginning Sunday, highlighting Beijings strategic push to strengthen relations with Seoul amid heightened regional tensions...

Russia and Ukraine Trade Accusations Over New Year Attacks as Peace Talks Intensify

Russia and Ukraine accused each other of targeting civilians during New Year attacks, as the nearly four-year-old war continues amid renewed diplomatic efforts led by U.S. President Donald Trump. The latest exchange of...

Venezuela Frees More Detainees After 2024 Election Protests Amid Rising U.S. Pressure

Venezuelas government has released 88 additional people who were detained following protests that erupted after the countrys disputed July 2024 presidential election, marking the second large-scale release of detainees in...

Science

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...

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...

Technology

Baidu Shares Surge as Company Plans Kunlunxin AI Chip Spin-Off and Hong Kong Listing

Baidu shares jumped sharply after the Chinese technology giant announced plans to spin off its artificial intelligence chip unit, Kunlunxin, and pursue a listing in Hong Kong. The move comes as domestic Chinese chipmakers...

Starlink Plans Satellite Orbit Reconfiguration in 2026 to Boost Space Safety

SpaceXs Starlink is preparing a major reconfiguration of its satellite constellation in an effort to improve space safety and reduce the risk of orbital collisions. According to Michael Nicolls, SpaceXs vice president of...

Samsung Signals Comeback With HBM4 Chips as AI Market Heats Up

Samsung Electronics is signaling a strong comeback in the high-bandwidth memory (HBM) market, as customers praise the competitiveness of its next-generation HBM4 chips. In a New Year address, co-CEO and head of the...

Google Accelerates AI Infrastructure With Ironwood TPU Expansion in 2026

Google (NASDAQ: GOOGL) is preparing for a major expansion of its AI infrastructure in 2026 as it moves its seventh-generation Tensor Processing Unit (TPU), known as Ironwood, into mass deployment. This next phase marks a...

Trump Administration Lifts Sanctions on Three Intellexa-Linked Executives

The administration of President Donald Trump has lifted U.S. sanctions on three executives previously linked to the controversial spyware consortium Intellexa, according to a notice published on the U.S. Treasury...