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Wed, Jan 07, 2026 05:53 AM All times are UTC

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S. Korean authorities uncover illegal 'kimchi premium' cryptocurrency transactions

Jul 08, 2021 23:47 pm UTC| Economy Digital Currency

Seoul Main Customs discovered unlawful foreign exchange dealings involving dozens of people taking advantage of the kimchi premium, a gap in domestic exchanges for cryptocurrency prices compared to foreign...

S. Korean President Moon, Dutch PM Rutte vow to bolster collaboration on chip production

Jul 08, 2021 23:45 pm UTC| Economy Business

South Korean President Moon Jae-in and Dutch Prime Minister Mark Rutte pledged to bolster cooperation on semiconductor production during a virtual summit. The two nations celebrate the 60th anniversary of bilateral ties...

UK probes takeover of its biggest chip plant by Chinese-owned firm

Jul 08, 2021 23:42 pm UTC| Economy Business

The UK national security advisor will examine Chinese-owned Nexperia NVs takeover of Welsh-based Newport Wafer Fab after lawmakers said it could threaten the countrys high-tech future. Newport Wafer Fab, the countrys...

S. Korean credit card firms lure young customers with labeled cards such as Starbucks and IKEA

Jul 08, 2021 23:37 pm UTC| Economy Business

Major South Korean credit card companies have been releasing private label credit cards (PLCCs) to lure the MZ generation into becoming loyal customers. Shinhan Card Co. is offering five PLCCs under partnerships with...

Hyundai Motor, Kia vow to procure 100% of energy from renewable sources by 2050

Jul 08, 2021 23:33 pm UTC| Economy Nature Business

South Korean carmakers Hyundai and Kia will transition to using 100 percent renewable energy by 2050, according to the firms parent Hyundai Motor Group. The automakers and three other units under the group, Hyundai...

Starbucks Indonesia unveils plant-based meatball sandwich

Jul 08, 2021 09:52 am UTC| Business Economy

Starbucks Indonesia released its plant-based meatball sandwich this week, and it will be offered in the coffee chains 460 outlets across the country. With the new menu item, the companys unit in Indonesia just expanded its...

Samyang produces the world's first biodegradable corn-based plastic

Jul 08, 2021 09:19 am UTC| Business Economy

Samyang has discovered a way to produce plant-based plastics. It was reported that the South Korean company developed biodegradable plastic that is strong, durable, and environmentally friendly. The plant-based...

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Economy

Thailand Economy Faces Competitiveness Challenges as Strong Baht and U.S. Tariffs Pressure Exports

Thailands economy is facing mounting structural and external challenges, with declining competitiveness and pressure on exports emerging as key concerns, according to a statement released Wednesday by the Bank of Thailand...

Asian Currencies Trade Sideways as Dollar Wavers Ahead of Key U.S. Jobs Data; Aussie Dollar Hits 15-Month High

Most Asian currencies traded within a narrow range against the U.S. dollar as global markets turned cautious ahead of key U.S. labor market data due later this week. Currency traders largely avoided taking major positions,...

Oil Prices Slide in Asia as Trump Signals Venezuela Supply Boost, Raising Global Glut Fears

Oil prices fell sharply during Asian trading on Wednesday as markets reacted to comments from U.S. President Donald Trump suggesting Venezuela could soon supply tens of millions of barrels of crude oil to the United...

Asian Markets Slip as Oil Prices Fall on Venezuela Developments and Global Tensions

Asian markets traded mixed as investors digested falling oil prices, rising commodity stocks, and heightened geopolitical tensions tied to Venezuela, China, and broader global uncertainty. Crude oil futures extended losses...

Dollar Holds Steady as Markets Await Key U.S. Economic Data and Fed Signals

The U.S. dollar traded in tight ranges on Wednesday as investors adopted a cautious stance ahead of a series of important U.S. economic data releases that could shape expectations for the Federal Reserves interest rate...

Politics

Trump Administration Expands U.S. Visa Bond Requirement to 38 Countries

The U.S. government under President Donald Trump has expanded a controversial visa bond policy, adding 25 more countries to a list of nations whose citizens may be required to post a bond of up to $15,000 in order to apply...

China’s Taiwan War Games Signal Political Pressure Amid Economic Strain

Chinas recent large-scale military exercises around Taiwan were part of a broader political and psychological campaign aimed at countering rising international support for the island while diverting attention from Beijings...

Trump Administration Freezes Federal Child Care Funds Over Fraud Concerns

The Trump administration has announced a freeze on certain federal child care and family assistance funds for five U.S. statesCalifornia, Colorado, Illinois, Minnesota, and New Yorkciting serious concerns about fraud and...

Five Years After January 6 Capitol Riot, Democrats and Republicans Clash Over History and Power

Five years after the January 6, 2021 attack on the U.S. Capitol, sharp political divisions resurfaced in Washington as Democrats accused Republicans of attempting to rewrite history, while President Donald Trump downplayed...

US–Venezuela Oil Deal Signals Major Shift in Energy Trade and Sanctions Strategy

The United States and Venezuela have reached a significant agreement that could reshape global oil flows, following an announcement by U.S. President Donald Trump that Caracas will export up to $2 billion worth of...

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’s AI Chip Unit Kunlunxin Prepares for Hong Kong IPO to Raise Up to $2 Billion

Baidu Inc (NASDAQ: BIDU) is moving forward with plans to list its artificial intelligence chipmaking subsidiary, Kunlunxin, in Hong Kong, in a deal that could raise as much as $2 billion, according to a Bloomberg report...

Hyundai Motor Shares Surge on Nvidia Partnership Speculation

Shares of Hyundai Motor surged sharply on Wednesday, climbing as much as 14.9% to reach a record high during morning trading, significantly outperforming South Koreas benchmark KOSPI index, which gained 1.2%. The rally was...

Lenovo Unveils AI Cloud Gigafactory With NVIDIA and Launches New AI Platform at CES 2026

Lenovo made a major impact at the Consumer Electronics Show (CES) in Las Vegas on Tuesday by unveiling an artificial intelligence cloud gigafactory developed in collaboration with NVIDIA, reinforcing its position as a...

China Reviews Meta’s $2 Billion AI Deal With Manus Amid Technology Control Concerns

Chinese government officials are reportedly reviewing Meta Platforms $2 billion acquisition of artificial intelligence startup Manus, raising potential concerns over technology transfer and national security controls....

Discord Confidentially Files for U.S. IPO, Signaling Major Milestone

Popular chat platform Discord has confidentially filed for an initial public offering (IPO) in the United States, according to a Bloomberg News report citing people familiar with the matter. The move marks a significant...