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Sat, Jan 03, 2026 03:01 PM All times are UTC

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SK Innovation: EU grants Korean company €90 million subsidy for its second EV battery plant in Hungary

Jul 19, 2021 08:48 am UTC| Business Economy

SK Innovation received 90 million or around $106.2 million subsidy grant from the government of Hungary so it can build its second electric vehicle battery factory in the country. The grant was approved by the European...

Renault Samsung halts Korean plant operations over chip shortage

Jul 19, 2021 08:04 am UTC| Business Economy

Renault Samsung Motors Corp. announced on Monday, July 19, that it would be suspending its plant operations in South Korea. The halt is temporary, and the company will resume production once it has enough parts to use for...

LG Electronics revealed plans to transition to 100% renewable energy by 2050

Jul 19, 2021 06:46 am UTC| Business Economy

LG Electronics announced on Sunday, July 18, that it has plans to shift to renewable energy by the year 2050. The South Korean company said that its target is a full transition to sourcing power generated from natural...

Impossible Foods to launch plant-based chicken nuggets and may fuel chicken sandwich wars with the vegan option

Jul 19, 2021 05:35 am UTC| Business Economy

Impossible Foods is expanding its plant-based meat line with the addition of chicken nuggets. The American company that develops plant-based substitutes for meat products will be releasing its new product via a trade show...

Samsung Heavy's design for offshore floater receives approval

Jul 19, 2021 05:21 am UTC| Economy Business

Samsung Heavy Industries Co. has obtained approval in principle (AIP) for its 9.5-megawatt wind power turbine offshore floater from the Norwegian ship quality assurance and risk management company, DNV. An AIP means its...

S. Korea's top shipbuilders expected to suffer earnings shock in Q2

Jul 18, 2021 20:36 pm UTC| Economy Business

South Korean shipbuilders are expected to report sluggish second-quarter earnings despite brisk orders due to a sharp rise in steel plates prices, analysts said. Chung Dong-ik, an analyst at KB Securities Co.,...

SK Telecom and Korea University to build metaverse campus

Jul 17, 2021 23:59 pm UTC| Economy Business

SK Telecom will set up a metaverse campus at the Korea University under a partnership to build a connected, smart, and integrated campus using virtual technology. Korea University students will be able to access Ifland,...

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Economy

Argentina Sells Dollars to Stabilize Peso as New FX Trading Rules Take Effect

Argentinas Treasury intervened in the foreign exchange market on Friday by selling U.S. dollars in an effort to curb the pesos decline, marking the first trading session under the countrys newly implemented currency...

U.S. Stock Market Mixed at Close as Dow Gains and Nasdaq Slips

U.S. stocks finished mixed after the close on Friday as strength in energy, industrials, and basic materials helped support blue-chip shares, while losses in consumer-focused and technology sectors weighed on broader...

Mexico Stocks End Lower as IPC Slips on Sector Losses

Mexican stocks closed lower on Friday as broad-based declines across key sectors weighed on overall market performance. The benchmark SP/BMV IPC index ended the session down 0.36%, reflecting investor caution amid losses...

China Ends Contraceptive Tax Exemption to Boost Birth Rates

China has ended a three-decade-old tax exemption on contraceptive drugs and devices, a move aimed at addressing the countrys rapidly declining birth rate. Starting January 1, condoms, contraceptive pills, and related...

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....

Politics

Iran and Cuba Condemn U.S. Attack on Venezuela as Sovereignty Violation

Iran and Cuba have strongly condemned a reported U.S. military attack on Venezuela, denouncing the action as a serious violation of national sovereignty and calling for an urgent international response. The criticism...

UAE Expresses Deep Concern as Yemen Crisis Escalates and Gulf Allies Clash

The United Arab Emirates has expressed deep concern over the rapidly escalating situation in Yemen after Saudi-backed government forces moved into territories that were seized last month by UAE-backed southern separatists....

Venezuela Vows Resistance After U.S. Military Strike Claims

Venezuela is facing a dramatic escalation in tensions after Defense Minister Vladimir Padrino López stated that the country will firmly resist the presence of any foreign troops, following claims by U.S. President...

Trump Claims U.S. Strike on Venezuela as Explosions Rock Caracas

U.S. President Donald Trump said in a post on Truth Social that the United States carried out a large-scale military strike on Venezuela and captured the countrys leader, Nicolas Maduro, a claim that quickly sparked global...

Short Interest Rises in Trump Media Stock After $6 Billion Merger Announcement

Short interest in U.S. President Donald Trumps social media company, Trump Media Technology Group, has surged following a major merger announcement, signaling that a growing number of traders are betting the stock could...

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

Reddit Emerges as a Major Winner in the Shift to AI-Powered Search

Reddit is increasingly being recognized as a major beneficiary of the global shift from traditional search engines to AI-generated answers, according to a recent analysis from brokerage firm Needham. As artificial...

Trump Blocks HieFo’s Emcore Chip Assets Deal Over National Security Concerns

President Donald Trump has issued an executive order blocking HieFo Corp. from acquiring semiconductor-related assets from Emcore Corp., citing serious national security risks tied to foreign ownership and sensitive chip...

Grok AI Faces Global Scrutiny Over Safeguard Failures and Illegal Content on X

Elon Musks artificial intelligence chatbot Grok, developed by xAI and integrated into social media platform X, has come under intense international scrutiny after admitting that lapses in safeguards led to the generation...

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...