SoftBank Shares Plunge 11% After OpenAI Rules Out 2026 IPO 
Saudi Oil Exports Face 4% Global Supply Threat as Pipeline Remains Shut 
UK Economy Grows 0.4% in July, Beating Forecasts 
Oil Prices Surge as Houthi Attacks Deepen Hormuz Supply Fears 
Samsung Heavy Wins $1.22 Billion LNG Carrier and Tanker Deal 
OpenAI Agents Linked to RubyGems Cyberattack 
SpaceX Nasdaq 100 Weight Set to More Than Double 
Meta’s AI Shopping Push Grows as Agentic Commerce Remains Below 1% 
BOJ Flags Import Costs and Yen Shocks as Persistent Inflation Risks 
Gulf Ministers to Meet Iran in Oman Over Hormuz Shipping Deal 
Rosenblatt Starts Nokia at Buy on AI Networking Growth 
OpenAI Rules Out 2026 IPO as Altman Prioritizes AI Safety 
BOJ Set to Raise Rates to 1.25% as Inflation Risks Build 
EUR/USD Eyes 1.17 as Fed Decision Could Weigh on Dollar 
SoftBank Shares Jump 8% as SB Energy IPO Optimism Builds 
Bill Gates Warns Governments Are Unprepared for AI Disruption 
Asian Bank Stocks Slide as BofA Warning and Rising Yields Hit Sentiment 
Add as a preferred source on Google
Hyundai Heavy Industries Group has developed with the state-run Korea National Oil Corp. (KNOC) an offshore platform to store carbon dioxide under the ocean floor.
DNV, a Norwegian ship quality assurance and risk management company, have given an approval in principle (AIP) to the offshore platform of Hyundai Heavy's two affiliates, Korea Shipbuilding & Offshore Engineering Co. (KSOE) and KSOE's subsidiary Hyundai Heavy Industries Co.,
The AIP means a certification agency has reviewed its basic design and confirmed that it meets the agency's technical requirements and standards for safety.
The platform can store carbon dioxide that is captured and liquefied on land under the ocean floor after being transported via vessels or pipelines.
The three companies developed the platform aiming to store 400,000 tons of carbon dioxide annually under the ocean floor of the country's first-ever gas field for 30 years beginning in 2025.
The offshore gas field off the coast of the city of Ulsan started producing natural gas in 2004 and will be closed at the end of this year.
