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A better deal for Uber drivers in UK, but Australia's ‘gig workers' must wait

Apr 04, 2021 10:37 am UTC| Economy

Ubers announcement earlier this month it will now treat its drivers in the United Kingdom as workers rather than independent contractors is a significant development for the so-called gig economy. It follows Uber losing...

Britain's betting on buses – but how far will boosting services reduce carbon emissions?

Apr 04, 2021 10:00 am UTC| Economy

A move to make buses the transport of choice, reducing the number of car journeys and improving quality of life for millions has been launched as part of a national bus strategy in the UK. It seeks to make bus services...

Suez Canal blockage: how cargo ships like Ever Given became so huge, and why they're causing problems

Apr 04, 2021 09:53 am UTC| Economy

The six-day blockage of the Suez Canal by a megaship named Ever Given came to an end on March 29 after salvage teams used dredging and tug boats to heave the vessel back into operation. The capacity of a single vessel...

Swaps, options and other derivatives aren't just for the financial elite

Apr 04, 2021 09:36 am UTC| Economy Investing

One of the biggest trends in economics over the past 40 years has been so-called financialisation whereby an increasing proportion of GDP in advanced economies comes from the financial sector. This has involved the...

S. Korean carmakers boost sales by 12% in March

Apr 01, 2021 23:58 pm UTC| Economy

South Koreas five carmakers sold 672,643 vehicles in March, up 12 percent from 601,082 units a year ago, helped by robust overseas demand for SUVs. Overseas sales of Hyundai Motor Co., Kia Corp., GM Korea Co., Renault...

S. Korea's exports up 16.6% to $53.8 billion in March

Apr 01, 2021 23:54 pm UTC| Economy

South Koreas exports advanced 16.6 percent to $53.8 billion in March from $46.1 billion a year earlier, on the back of solid demand for chips and autos to extend their gains for the fifth consecutive month. Imports...

SK Holdings acquires French pharmaceutical company Yposkesi

Apr 01, 2021 09:52 am UTC| Business Economy

SK Holdings revealed its acquisition of a French drug-maker called Yposkesi this week. The third-largest conglomerate in South Korea made the purchase in its bid to strengthen its competitive power in the global markets...

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Economy

Asian Currencies Hold Steady as Dollar Slips on Powell Investigation Concerns

Asian currencies traded mostly flat on Monday as the U.S. dollar weakened following news that the U.S. government had opened a criminal investigation involving Federal Reserve Chair Jerome Powell, raising fresh concerns...

Asian Stocks Edge Higher as Tech Shares Lead Gains Amid Global Uncertainty

Most Asian stock markets moved higher on Monday, led by gains in technology shares that followed a strong performance by U.S. peers, although overall advances remained limited due to rising geopolitical and macroeconomic...

Markets React as Tensions Rise Between White House and Federal Reserve Over Interest Rate Pressure

Tensions between the White House and the U.S. Federal Reserve escalated sharply over the weekend after Federal Reserve Chair Jerome Powell revealed that the administration had allegedly threatened him with a criminal...

Japan Launches Deep-Sea Rare Earth Mining Mission to Reduce Reliance on China

Japan has taken a major step toward securing its supply of critical minerals by launching a groundbreaking deep-sea mining mission aimed at extracting rare earth elements from the ocean floor. A government-backed Japanese...

Australian Household Spending Surges, Raising Rate Hike Expectations

Australian household spending showed strong momentum for a second straight month in November, reinforcing signs that the economy is gaining traction and increasing expectations of future interest rate hikes. According to...

Politics

Australian Arts Festival Faces Author Boycott Amid Free Speech and Antisemitism Debate

A leading Australian arts festival has been thrown into turmoil after dozens of writers withdrew in protest over the decision to bar an Australian Palestinian author following the Bondi Beach mass shooting, reigniting a...

Trump Signals Possible Veto of ACA Subsidy Extension, Raising Health Insurance Uncertainty

U.S. President Donald Trump has reignited uncertainty around the future of Affordable Care Act (ACA) health insurance subsidies after saying he may veto legislation aimed at extending federal health insurance tax credits....

South Korea Investigates Alleged Civilian Drone Flights Into North Korean Airspace

South Korean authorities have launched a formal investigation into the possibility that civilians may have flown drones into North Korean airspace, following accusations from Pyongyang that unmanned aircraft violated its...

ICJ to Hear Landmark Genocide Case Against Myanmar Over Rohingya Crisis

A landmark genocide case against Myanmar is set to open at the International Court of Justice (ICJ), the United Nations highest judicial body, marking the first full genocide hearing at the court in more than a decade. The...

Trump Reignites Greenland Takeover Claims, Citing U.S. Security and NATO Tensions

U.S. President Donald Trump has once again stirred global debate after declaring that the United States would acquire Greenland, even if such a move risks straining relations within the North Atlantic Treaty Organization...

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

Trump Considers Starlink to Restore Internet Access in Iran Amid Protests

U.S. President Donald Trump said on Sunday that he is considering discussions with billionaire entrepreneur Elon Musk about restoring internet access in Iran, where authorities have imposed widespread blackouts amid...

Anthropic Launches HIPAA-Compliant Healthcare Tools for Claude AI Amid Growing Competition

Anthropic has announced the launch of a new suite of healthcare-focused tools integrated into its Claude AI chatbot, marking another significant step in the rapidly expanding use of artificial intelligence in medicine. The...

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...
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