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Fri, Aug 14, 2026 07:48 PM All times are UTC

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SK hynix, TSMC Join Hands for AI Chip Business

Feb 08, 2024 10:00 am UTC| Business Technology

SK hynix Inc. has partnered with Taiwan Semiconductor Manufacturing Co. (TSMC) to become a major player in the artificial intelligence (AI) chip industry. The new deal will bolster the companies partnership in the...

South Korea Prosecutors Appeal Samsung Chairman Jay Y. Lee's Acquittal in Fraud Case

Feb 08, 2024 09:00 am UTC| Business Law

South Korean prosecutors have decided to appeal a court decision to clear Samsung Electronics Chairman Jay Y. Lee of charges including accounting fraud and stock manipulation. The case is related to a 2015 merger of...

McDonald's Targets 1,000 New Store Openings in China in 2024

Feb 08, 2024 08:53 am UTC| Business

McDonalds is looking to expand its business further in China. To do this, it plans to open 1,000 new stores before the end of this year. This move will also bolster the restaurant chains presence in the Chinese...

Honda Motor Raises Full-Year Profit Forecast on Strong US Sales

Feb 08, 2024 08:32 am UTC| Business

On Thursday, Japans Honda Motor announced that it had raised its full-year operating profit forecast by 4.2 percent to 1.25 trillion yen ($8.4 billion). This upgrade is attributed to robust sales in the United States, a...

Hyundai’s Genesis Motor Teams Up With F1 Legend Jacky Ickx

Feb 08, 2024 08:00 am UTC| Business

Genesis Motor LLC, the luxury vehicle manufacturing division of the Hyundai Motor Group, announced it has teamed up with the 79-year-old Formula 1 legend Jacky Ickx. The Iconic figure in the international racing scene has...

Microsoft Partners with Sarvam AI to Support Voice-based Generative AI Applications

Feb 08, 2024 07:32 am UTC| Business Technology

Microsoft has announced a collaboration with Indian startup Sarvam AI to facilitate the development of voice-based generative artificial intelligence (AI) applications. The partnership aims to support the creation of genAI...

Apollo Global Management in Talks to Acquire Stake in Starbucks Franchise

Feb 08, 2024 06:56 am UTC| Business

U.S. private equity firm Apollo Global Management Inc. is in discussions to purchase a minority stake in the Middle East, North Africa, and Central Asia Starbucks franchise operated by Kuwaits AlShaya Group. The...

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Economy

European Stocks Steady as U.S.-Iran War, Euro Zone Data Keep Investors Cautious

European stocks were largely flat on Friday and remained on track for a modest weekly decline as investors monitored the U.S.-Iran war, rising oil prices and upcoming euro zone economic data. The STOXX 600 edged 0.05%...

KOSPI Eyes Best Weekly Gain Since June as Samsung, SK Hynix Rally

South Koreas KOSPI was heading for its strongest weekly performance since early June on Friday, fueled by a powerful rebound in technology and semiconductor stocks as optimism around artificial intelligence demand returned...

France Inflation Rises 2.4% in July as Consumer Prices Increase

Frances consumer prices increased in July 2026, with both monthly and annual inflation measures showing upward movement, according to final data released Friday by the French National Institute of Statistics and Economic...

China Automakers Accelerate Global Expansion as Domestic Car Sales Slump

Chinas automakers are rapidly expanding overseas as falling domestic car sales and excess manufacturing capacity push companies such as BYD, Geely and Chery to seek growth beyond the worlds largest auto market. Chinese car...

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...

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

Apple Develops China-Specific AI Model With Alibaba as Apple Intelligence Launch Nears

Apple Inc. (NASDAQ: AAPL) has reportedly developed a large language model specifically for China in collaboration with Alibaba (HK: 9988), signaling a significant shift in the iPhone makers artificial intelligence strategy...

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...