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S. Korea inks free trade agreement with Israel with cars; auto parts mainly benefitted

May 12, 2021 19:53 pm UTC| Economy Business

South Korea and Israel signed a free trade agreement (FTA) on broadening economic ties, which could help Asias No. 4 economy hasten exports of cars and auto parts. The pact was signed by South Korea Trade Minister Yoo...

Atomo ready to roll out 'coffeeless' coffee this year

May 12, 2021 16:15 pm UTC| Economy Business

Atomo Coffee Inc.s team of food scientists and chemists are working on what it dubs as coffeeless coffee, made from sunflower seed husks and watermelon seeds, which undergo a patented chemical process. The result of the...

Deat Wish Coffee flaunts 'World's Strongest Latte', claims it's 4 times stronger than Starbucks

May 12, 2021 15:59 pm UTC| Economy Business

New York-based Death Wish Coffee is introducing what it claims to be the Worlds Strongest Latte with 300 milligrams of caffeinefour times the amount in an equal size pour of Starbucks Caffe Latte. It is billed with a...

Target joins the plant-based food trend by launching its own vegan line

May 12, 2021 09:36 am UTC| Business Economy

Target is joining the list of companies that are getting into the plant-based food business. The company that sells everything from groceries, essentials to clothing and electronics is set to launch its own brand of vegan...

S. Korea to offer shipping services to local exporters to ease freight cost woes

May 12, 2021 09:26 am UTC| Economy Business

South Korea plans to offer more scheduled shipping services to the Americas and Europe through June to ease the burden of freight cost hike among local exporters. Under the plan, six shipping schedules to the Americas...

Starbucks drops its newest summer Frappuccino flavor

May 12, 2021 09:26 am UTC| Business Economy

Starbucks has something new to offer this summer! The premiere coffee chain giant just introduced its newest flavor that will go best with the season, and it is called the Strawberry Funnel Cake Frappuccino. How the new...

Hite Jinro prepares to export top-selling Terra beer

May 12, 2021 09:21 am UTC| Economy Business

Hite Jinro Co. is set to export 1.2 million bottles of its popular lager beer brand Terra to Hong Kong this month and to the US and Singapore in the second half. Sales of Terra will likely hit store shelves in the US...

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Economy

Vitol to Ship First U.S. Naphtha Cargo to Venezuela Under New Oil Supply Deal

Commodities trading giant Vitol is preparing to load the first shipment of U.S. naphtha bound for Venezuela this weekend, marking a significant step in efforts to revive the countrys oil industry. According to sources...

U.S. Signals Potential Venezuela Sanctions Relief to Boost Oil Sales and IMF Re-Engagement

The United States may lift additional sanctions on Venezuela as early as next week to facilitate oil sales and economic stabilization, according to comments by U.S. Treasury Secretary Scott Bessent in an interview with...

Russia Stock Market Ends Flat as Commodities Rise and Ruble Strengthens

Russian stocks closed flat on Saturday, reflecting a quiet session on the Moscow Exchange as market activity remained muted across key sectors. At the close in Moscow, the MOEX Russia Index finished unchanged at 0.00%,...

Trump Administration Targets Mortgage-Backed Securities to Ease Housing Affordability Crunch

The Trump administration has launched a new effort to support the U.S. housing market by stepping into mortgage-backed securities (MBS) purchases, aiming to counterbalance the Federal Reserves ongoing reduction of such...

G7 Finance Ministers to Meet in Washington on Critical Minerals Supply Chains

U.S. Treasury Secretary Scott Bessent has announced that Australia and several other countries will participate in a meeting of finance ministers from the Group of Seven (G7) advanced economies in Washington on Monday,...

Politics

Myanmar Military-Run Election Draws Criticism as Voters Head to Polls Amid Ongoing Conflict

Voters in conflict-ravaged Myanmar queued on Sunday to cast ballots in the second phase of a military-organized election, an exercise widely criticized by the international community as an attempt to legitimize junta rule...

U.S. Military Launches Multiple Airstrikes in Syria Targeting Islamic State

The United States military confirmed on Saturday that it carried out multiple airstrikes across Syria targeting the Islamic State (ISIS), as part of an ongoing operation launched in December following a deadly attack on...

Bangladesh Signals Willingness to Join International Stabilization Force in Gaza

Bangladesh has formally expressed its interest in joining a proposed international stabilization force that may be deployed in Gaza, signaling a potential new role in global peacekeeping efforts related to the ongoing...

Nicaragua Frees Political Prisoners Amid Growing U.S. Pressure on Latin American Governments

Nicaraguas government announced the release of dozens of inmates from its national penitentiary system, a move that came just one day after the United States publicly demanded the freedom of more than 60 political...

Norwegian Nobel Institute Clarifies Nobel Peace Prize Rules After Trump Remarks

The Norwegian Nobel Institute has firmly stated that the Nobel Peace Prize cannot be transferred, shared, or revoked, responding to recent remarks by Venezuelan opposition leader María Corina Machado suggesting she...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

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...

Technology

Elon Musk Says X Will Open-Source Its Algorithm Amid EU Scrutiny

Elon Musk announced on Saturday that X, the social media platform formerly known as Twitter, will publicly release its recommendation algorithm, including the full code behind organic content and advertising post...

China’s AI Sector Pushes to Close U.S. Tech Gap Amid Chipmaking Challenges

China is accelerating efforts to narrow its technological gap with the United States, driven by increased risk-taking, innovation, and strong policy support for artificial intelligence and semiconductors. Leading Chinese...

Supreme Court to Hear Cisco Appeal on Alien Tort Statute and Human Rights Liability

The U.S. Supreme Court has agreed to hear an appeal by Cisco Systems that could significantly reshape how American companies are held liable for alleged human rights abuses committed overseas. The case centers on the scope...

FCC Approves Expansion of SpaceX Starlink Network With 7,500 New Satellites

The U.S. Federal Communications Commission (FCC) has approved SpaceXs request to deploy an additional 7,500 second-generation Starlink satellites, marking a major step forward in the companys mission to expand global...

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,...
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