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McDonald’s Korea Hits Record Revenue Amid Localization and Digital Innovations

Apr 18, 2024 03:07 am UTC| Business

Fast food behemoth McDonalds Corp. has reported unprecedented revenue figures in South Korea, announcing a record-breaking 1.29 trillion won ($815.9 million) in sales for the last fiscal year. This milestone, detailed in a...

FENTY x PUMA Launches New Creeper Phatty Earth Tone Collection

Apr 18, 2024 02:58 am UTC| Business

The fashion and sneaker communities are abuzz with the arrival of the FENTY x PUMA Creeper Phatty Earth Tone, a fresh take on Rihannas iconic sneaker design that marries lux nubuck materials with striking gold accents....

Digital Currency Revolution

OpenAI CEO Sam Altman's Worldcoin Unveils Human-Centric Blockchain, World Chain

Apr 18, 2024 02:22 am UTC| Technology Digital Currency Business

Worldcoin, led by OpenAI CEO Sam Altman, unveiled its new blockchain, World Chain, on April 17. Designed to elevate human users over bots, World Chain aims to streamline efficiency and foster practical utility in Web3...

Volkswagen Unveils New EV Platform in China to Cut Costs, Challenge BYD

Apr 17, 2024 16:01 pm UTC| Technology Business

In a strategic move to undercut rivals and boost market share, Volkswagen announced a new cost-effective EV platform in China, developed in partnership with XPeng, to launch in 2026. Volkswagen Partners with XPeng to...

HSBC Reportedly Axing Dozens of Additional Investment Banking Jobs in Asia

Apr 17, 2024 09:46 am UTC| Business

HSBC financial services company is reportedly slashing more investment banking jobs in its Asian operations. It may axe dozens of additional jobs as deals in the region are sinking. Reuters reported that sources who...

S. Korea's Beer Imports Dip Amid Tsingtao Urination Incident; Japanese Brands See Resurgence

Apr 17, 2024 09:03 am UTC| Business

Data released on Wednesday by the Korea Customs Service (KCS) reveals that South Korea witnessed a 20 percent decrease in beer imports in the first quarter compared to the previous year. This downturn is largely attributed...

AMD Targets Nvidia, Intel with New AI Chips for Gaming and Business PCs

Apr 17, 2024 08:53 am UTC| Business Technology

AMD, or Advanced Micro Devices, announced the debut of its artificial intelligence(AI) chip designed for desktops and laptops. The chip is reportedly specially made for business and gaming. With the introduction of its...

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Economy

Asian Currencies Edge Higher as Soft US Inflation Weighs on Dollar

Asian currencies edged higher on Friday as the U.S. dollar weakened following softer-than-expected inflation data, which reduced expectations for a near-term Federal Reserve interest-rate hike. Gains across regional...

Asian Stocks Rally as Cooling US Inflation Boosts Fed Rate Outlook

Asian stocks mostly advanced Friday, putting regional markets on course for their strongest weekly performance since mid-June as softer US inflation data eased concerns over another Federal Reserve interest rate hike. The...

S&P 500 Hits Record High as Soft Inflation Data Eases Fed Rate Hike Fears

U.S. stock futures were largely unchanged Thursday evening after the SP 500 closed at a record high, as softer producer inflation data eased concerns about a potential Federal Reserve interest-rate hike in September. SP...

Gold Prices Slip From 10-Week High as Fed and Hormuz Risks Shape Outlook

Gold prices moved lower on Friday after pulling back from a 10-week high, as investors assessed softer U.S. inflation data, the Federal Reserves interest rate outlook and uncertainty surrounding the Strait of Hormuz. Spot...

Trump Imposes New US Tariffs on Drone Imports Over National Security Concerns

U.S. President Donald Trump announced new tariffs on imported drones and drone components on Thursday, citing national security concerns and the countrys heavy reliance on foreign suppliers. Under a proclamation signed by...

Politics

Jared Kushner May Visit Israel for Gaza Talks Next Week

U.S. President Donald Trumps envoy and son-in-law, Jared Kushner, could travel to Israel next week for talks aimed at advancing the administrations Gaza peace plan, according to a source familiar with the matter. Axios...

Albanese Says AUKUS ‘Full Steam Ahead’ After Trump Call

Australian Prime Minister Anthony Albanese said the AUKUS defence pact remains full steam ahead following a lengthy phone call with U.S. President Donald Trump, as Canberra also pushes Washington for a complete exemption...

Trump Orders Major Overhaul of US Navy Shipbuilding

President Donald Trump has signed a National Security Presidential Memorandum directing sweeping changes to U.S. Navy shipbuilding and ship repair programs as part of an effort to rebuild the countrys maritime industrial...

Israel Warned US of Alleged Iran Plot to Assassinate Trump

Israel repeatedly warned the United States over the past year that Iran may have been planning to assassinate President Donald Trump, although U.S. intelligence agencies were unable to independently verify several of the...

Putin Visits Disputed Kuril Island, Sparking Strong Protest From Japan

Russian President Vladimir Putin visited the disputed island of Iturup on Thursday, triggering a sharp diplomatic protest from Japan amid longstanding tensions over the Kuril Islands. Known as Iturup in Russia and Etorofu...

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

Goldman Sachs Eyes Investors for Nvidia’s $500 Billion AI Financing Plan

Goldman Sachs is reportedly in discussions with potential investors to participate in Nvidias ambitious $500 billion AI infrastructure financing initiative, as institutional demand for artificial intelligence investments...

LG, Nvidia Expand AI Partnership With Humanoid Robots, AI Factories

LG Corp and Nvidia have signed a memorandum of understanding (MOU) to deepen their strategic partnership across robotics, AI factories and next-generation mobility, LG announced Friday. The agreement will combine LGs...

SMIC Shares Rally as Q2 Profit Surges 262% on Strong Chip Demand

Shares of Semiconductor Manufacturing International Corp. (SMIC) surged on Friday after the Chinese semiconductor foundry delivered strong second-quarter earnings, supported by higher chip demand, improved pricing and...

Anthropic Eyes $6B Decart AI Acquisition Ahead of Mega IPO

Anthropic is reportedly in talks to acquire Nvidia-backed AI startup Decart AI as the Claude developer looks to expand its computing capabilities and address growing demand ahead of a potential public listing. Bloomberg...

Google Pushes Gemini AI Overhaul as Sergey Brin Targets Model Supremacy

Google co-founder Sergey Brin has stepped up efforts to accelerate development of the companys Gemini AI models as Alphabet battles OpenAI and Anthropic for leadership in artificial intelligence. Brin has reportedly urged...