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Sun, Jun 21, 2026 06:02 AM All times are UTC

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Google to readjust profit model as it vows to comply with S. Korean in-app rule

Sep 01, 2021 23:39 pm UTC| Law Technology Economy

Tech giant Google is seeking ways to readjust its profit models in South Korea within the bounds of the new law that curbs its app market duopoly with Apple. Google through its South Korean office vowed to comply with...

China's tough regulations on online games adversely impact S. Korean companies

Sep 01, 2021 04:26 am UTC| Law Economy

South Korean gaming companies have hit a snag after China abruptly announced a new tougher measure on young people playing online games. China limited online game playing to three hours a week for those under 18,...

Indian booking site Yatra's lawsuit over Ebix merger dismissed for lack of right to pursue claims

Sep 01, 2021 03:29 am UTC| Law Economy

Indian travel booking site Yatra Online Incs lawsuit against software company Ebix Inc for sabotaging their now-dissolved merger was dismissed by a Delaware judge for its lack of right to pursue breach of contract...

Pilots sue Southwest Airlines for alleged disregard of union bargaining duties during pandemic

Sep 01, 2021 02:49 am UTC| Law Economy

A union of pilots sued Southwest Airlines Co in federal court in Dallas for imposing forced time off and other changes to working conditions during the COVID-19 pandemic. The Southwest Airlines Pilots Association...

Amazon asks Indian regulator to withdraw approval of $3.4 billion Future-Reliance asset sale

Aug 31, 2021 20:05 pm UTC| Law Economy

Amazon.com Inc has asked the Securities and Exchange Board of India (SEBI) to order withdrawal of conditional approval given to Future Groups $3.4 billion retail assets sale, citing a US Supreme Court ruling. Amazon...

Six Chinese banks dodge $150 million liability in Nike counterfeiting case

Aug 31, 2021 01:36 am UTC| Law Economy

The 2nd US Circuit Court of Appeals ruled that six Chinese banks werent liable for $150 million in sanctions due to the failure of Next Investments LLC to freeze the assets of hundreds of Nike counterfeiters. Next,...

Woori ruling signals clemency for other bank chiefs in misselling scandal

Aug 30, 2021 17:46 pm UTC| Law Economy

The Seoul Administrative Courts ruling nullifying a penalty for Woori Financial Group Chairman and CEO Sohn Tae-seung signals clemency for other chiefs of banks and other financial institutions blamed for private fund...

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Economy

China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says

Chinas economy continued to show a sharp divide in May, with a booming artificial intelligence (AI)-driven manufacturing sector helping sustain growth while domestic demand remained weak, according to a recent research...

Trump Says No Hormuz Strait Tolls During 60-Day Iran Ceasefire

U.S. President Donald Trump announced Saturday that no tolls will be charged for ships passing through the Strait of Hormuz during the proposed 60-day interim ceasefire period with Iran. Trump also stated that no fees...

Russia Stocks End Flat as MOEX Index Hits New 52-Week Low; Gold Falls and Oil Mixed

Russian stocks closed flat on Saturday, with the MOEX Russia Index ending unchanged at 0.00% and touching a fresh 52-week low during trading. The lack of movement across the market reflected cautious investor sentiment,...

Oil Prices Steady as U.S.-Iran Truce Uncertainty and Middle East Tensions Keep Markets on Edge

Global oil prices stabilized on Friday, but Brent crude remained on track for a weekly decline of more than 8% as investors assessed the uncertain future of the U.S.-Iran peace agreement and ongoing geopolitical risks in...

Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets

Asian stock markets rallied on Friday, with Japan and South Korea reaching record highs as easing tensions in the Middle East and the reopening of the Strait of Hormuz pushed oil prices lower, reducing global inflation...

Politics

Andy Burnham Leadership Speculation May Boost FTSE 100 as Gilt Yields Rise

Andy Burnhams recent victory in the Makerfield by-election has sparked speculation about a potential future challenge to U.K. Prime Minister Keir Starmer, raising questions about the outlook for U.K. government bonds, gilt...

US Military Says Strait of Hormuz Remains Open Despite Iran Closure Claim

The U.S. military has rejected Irans claim that the Strait of Hormuz has been closed, emphasizing that one of the worlds most important oil shipping routes remains fully operational. Speaking to Reuters on Saturday, U.S....

Keir Starmer Faces Growing Pressure as Reports Suggest Possible Resignation

British Prime Minister Keir Starmer is facing mounting political pressure after reports emerged that he could announce plans to step down, although government officials insist he remains focused on leading the country....

Gaza Death Toll Rises as Israeli Strikes Kill Nine Amid Ceasefire Stalemate

At least nine Palestinians, including a child, were killed in separate Israeli strikes and shootings across the Gaza Strip on Saturday, according to local health officials, highlighting the continued violence despite an...

Zelenskiy Returns Polish Honor as WWII History Dispute Strains Ukraine-Poland Relations

Ukrainian President Volodymyr Zelenskiy has returned Polands highest state honor, the Order of the White Eagle, after Polish President Karol Nawrocki revoked the award over a growing dispute surrounding World War II...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

John Jumper Leaves Google DeepMind for Anthropic Amid Intensifying AI Talent Race

John Jumper, the Google DeepMind researcher who shared the 2024 Nobel Prize in Chemistry for his groundbreaking work on the AlphaFold artificial intelligence system, has announced that he is leaving Google DeepMind to join...

Trump Says Anthropic No Longer Seen as National Security Threat

U.S. President Donald Trump said he no longer views artificial intelligence company Anthropic as a national security threat, marking a significant shift from his stance just a week earlier. The comments came during an...

Meta Seeks Legal Shield From Child-Harm Lawsuits Amid KOSA Talks

Meta Platforms is reportedly lobbying U.S. lawmakers to include legal protections for social media companies in the proposed Kids Online Safety Act (KOSA), a move that could significantly impact thousands of lawsuits...

SpaceX Stock Slides After IPO Rally as Valuation Concerns Grow

SpaceX (NASDAQ: SPCX) shares extended their pullback on Thursday after a remarkable post-IPO rally, as investors locked in profits and questioned the companys lofty valuation. The stock, which dropped nearly 10% earlier in...

US Raises Concerns Over Possible ASML EUV Machine Transfer to China

U.S. Commerce Secretary Howard Lutnick has reportedly raised concerns with Dutch semiconductor equipment giant ASML regarding the possible transfer of one of its advanced extreme ultraviolet (EUV) lithography machines to...