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Fri, Jan 09, 2026 06:21 AM All times are UTC

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SK Chemicals partners with Huvis to make chemical-recycled polyester yarn

Jun 29, 2021 06:37 am UTC| Business Economy

SK Chemicals is expanding its business while still maintaining its goal to operate eco-friendly businesses. In its most recent venture, the company joined forces with Huvis, a fiber materials producer, to make polyester...

Facebook reaches $1 trillion market cap at closing for the first time

Jun 29, 2021 06:25 am UTC| Business Economy

Facebooks market capitalization has reached more than $1 trillion on Monday, June 28, and it was said that this is the first time that it happened. With the new record, the social media giant has now become the fifth...

Fonterra to sell China JV farms to focus on producing New Zealand milk

Jun 28, 2021 21:52 pm UTC| Economy Business

Fonterra has agreed to divest its 51 percent stake in two joint venture farms in Shandong province, China, to Singapore-based AustAsia Investment Holdings for $62.1 million. The farms will be sold to Singapore-based...

Japan FY2020 cigarette sales dive on shift to vaping amid a pandemic

Jun 28, 2021 21:43 pm UTC| Economy Business

Cigarette sales in Japan during fiscal 2020 plummeted by 16.3 percent on-year to 98.8 billion sticks, dropping below 100 billion for the first time in decades, according to the Tobacco Institute of Japan. The figure is...

S. Korean banks ask to be freed from liabilities in crypto fraud

Jun 28, 2021 17:22 pm UTC| Digital Currency Law Economy

South Korean banks have asked the financial authorities to free them from responsibilities for money laundering or other fraud involving digital coins. The request from the banks happened due to a recent amendment to...

Hyundai, Kia's combined EV sales in Europe reach 227,919 units in May

Jun 28, 2021 15:59 pm UTC| Economy Business

South Koreas Hyundai Motor Co. and Kia Corp. sold a combined 227,919 EVs in Europe as of May, with Hyundai selling 131,719 units, and Kia totaling 96,200 units. The two carmakers under the Hyundai Motor Group began...

German brands top S.Korea's imported car sales market

Jun 28, 2021 11:20 am UTC| Economy Business

German automakers sold 187,000 cars in South Korea last year to account for 61.7 and top the countrys imported car market, according to data by the Korean Automobile Manufacturers Association (KAMA). US automakers sold...

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Economy

Trump Signals Possible Meeting With Venezuelan Opposition Leader as U.S. Focuses on Oil and Post-Maduro Transition

U.S. President Donald Trump said on Thursday that Venezuelan opposition leader Maria Corina Machado is expected to travel to Washington next week, raising questions about the future of U.S.-Venezuela relations following...

Trump Orders $200 Billion Mortgage Bond Purchases to Lower Housing Costs

U.S. President Donald Trump announced that he has instructed his representatives to purchase $200 billion in mortgage-backed securities (MBS) through Fannie Mae and Freddie Mac, a move he says is aimed at lowering mortgage...

South Korea to Launch 24-Hour Currency Trading to Boost Market Upgrade Bid

South Korea has announced plans to open its currency market to 24-hour trading starting in July, marking a major step toward liberalising the won and strengthening its bid for developed-market status. The move, unveiled by...

China CPI Inflation Hits Near Three-Year High as Consumer Spending Shows Signs of Recovery

Chinas consumer price index (CPI) inflation rose to a near three-year high in December, signaling a gradual recovery in private consumption as Beijing continues to roll out stimulus measures to support the economy. Data...

Asian Stock Markets Edge Higher as Investors Await U.S. Jobs Data, Nikkei Outperforms

Asian stock markets traded mostly higher on Friday, taking cues from a mixed close on Wall Street overnight as investors remained cautious ahead of the closely watched U.S. nonfarm payrolls report. The upcoming U.S. jobs...

Politics

Honduran Opposition Lawmaker Injured Amid Post-Election Tensions

Honduras political crisis deepened on Thursday after opposition lawmaker Gladis Aurora Lopez was injured when an explosive device was thrown near her inside the National Congress, according to a statement from her...

U.S. Weighs Direct Payments to Greenlanders Amid Renewed Push to Acquire Strategic Arctic Island

U.S. officials have reportedly discussed the possibility of offering lump-sum payments to residents of Greenland as part of a controversial effort to encourage the island to break away from Denmark and potentially align...

Trump Signals Willingness to Let New START Treaty Expire, Raising Global Nuclear Arms Concerns

U.S. President Donald Trump has indicated he is prepared to allow the last remaining U.S.-Russia strategic arms control treaty, known as New START, to expire without accepting a Russian proposal to voluntarily extend...

Canada and Brazil Call for Peaceful Venezuelan Transition After U.S. Military Raid

Canadian Prime Minister Mark Carney and Brazilian President Luiz Inácio Lula da Silva held talks on Thursday to discuss the escalating situation in Venezuela, reaffirming their shared support for a peaceful,...

Trump Says Taiwan Decision Is “Up to Xi,” Warns Against Changing Status Quo

U.S. President Donald Trump said it is ultimately Chinese President Xi Jinpings decision how China handles Taiwan, but warned he would be very unhappy if Beijing moved to change the current status quo. The remarks were...

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

xAI Cash Burn Highlights the High Cost of Competing in Generative AI

Elon Musks artificial intelligence startup, xAI, is rapidly emerging as a major player in the generative AI race, but new reports highlight the enormous financial costs behind that ambition. According to Bloomberg News,...

Nvidia Appoints Former Google Executive Alison Wagonfeld as First Chief Marketing Officer

Nvidia (NASDAQ: NVDA) has taken a significant step in strengthening its leadership team by appointing a senior Google (NASDAQ: GOOGL) executive as its first-ever Chief Marketing Officer, signaling a strategic move as the...

EU Orders Elon Musk’s X to Preserve Grok AI Data Amid Probe Into Illegal Content

The European Commission has ordered Elon Musks social media platform X, formerly known as Twitter, to retain all internal documents and data related to its built-in artificial intelligence chatbot, Grok, until the end of...

SK Hynix Shares Hit Record High as AI Memory Demand Fuels Semiconductor Rally

Shares of South Korean memory chip giant SK Hynix surged to a fresh all-time high on Thursday, reflecting growing investor optimism around booming demand for artificial intelligence (AI) memory products and a strengthening...

OpenAI Sets $50 Billion Stock Grant Pool, Boosting Employee Equity and Valuation Outlook

OpenAI has reportedly established a massive $50 billion employee stock grant pool, a move that underscores the companys aggressive strategy to attract, retain, and reward top talent as it continues to scale its artificial...