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Louis Vuitton Korea Faces Backlash Over Foul-Smelling Luxury Items; 10,000 Inquiries in One Month

Sep 13, 2023 09:49 am UTC| Business Economy Life

Louis Vuitton faces mounting complaints from Korean customers over products emitting an unpleasant odor. Amid 10,000 inquiries in a month, the luxury brand scrambles to address varying compensation and alleged poor...

Nike Urged by Investors to Address Alleged Unpaid Wages in Southeast Asia

Sep 13, 2023 08:37 am UTC| Economy Sports Life Business

Cambodia and Thailand face controversy over alleged unpaid wages following COVID-19 factory closures. Investors are seeking $2.2 million for 4,000 workers from two suppliers, turning the spotlight onto sportswear titan...

South Korean Firm Pulmuone Debuts 'Chulchul Box Robot Chef,' Revolutionary Smart Cooking Vending Machine

Sep 13, 2023 08:23 am UTC| Business Economy Life

Pulmuone Co. Ltd. unveiled the Chulchul Box Robot Chef, South Koreas inaugural smart cooking vending machine. Featuring a touchscreen menu, the innovative machine stores frozen meals, cooking them instantly upon order. Its...

Gatorade Unveils First-Ever Water Product with Alkaline Formulation

Sep 13, 2023 07:48 am UTC| Economy Sports Life Business

Slated for a Q1 2024 release, Gatorade introduces its first water offering: Gatorade Water in 1-liter bottles, 700ml sports-capped options, and convenient 700ml six-packs, catering to diverse hydration needs. The...

McDonald's Bids Adieu to Iconic In-Store Feature in Major Shake-Up

Sep 13, 2023 07:05 am UTC| Business Economy Life

McDonalds announces a phased removal of its self-serve soda machines from dining areas, marking a shift in service dynamics. The change aims for a unified customer experience across all ordering platforms. Then again,...

Apple Unveils iPhone 15 Pro with Titanium Case, Advanced Camera, Satellite Connectivity

Sep 13, 2023 06:43 am UTC| Technology Business

Apple debuted its iPhone 15 Pro, featuring a titanium case, high-performance chip, and state-of-the-art camera. Maintaining last years pricing, the lineup includes satellite connectivity and USB-C charging. The Pro model...

Tim Hortons Brews its Presence in South Korea's Affluent Gangnam District

Sep 13, 2023 05:51 am UTC| Business Economy Life

Tim Hortons debuts in South Korea, marking its entry in Seouls upscale Gangnam district. While the inauguration date remains undisclosed, Korean aficionados await iconic Timbits, donuts, and signature brews. The...

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Economy

Gold Prices Rise as Weak US Retail Sales Cut Fed Rate Hike Bets

Gold prices edged higher on Friday and headed for a weekly gain as weaker-than-expected U.S. retail sales further reduced expectations for a Federal Reserve interest rate hike in September. Spot gold rose 0.5% to $4,374.30...

S&P 500 Retreats From Record High as AI Stocks Slide, Retail Sales Disappoint

The SP 500 closed lower on Friday, retreating from its latest record high as weakness in AI-related stocks and disappointing U.S. retail sales weighed on investor sentiment. The SP 500 fell 0.17% to 7,785.76, while the...

Trump Imposes New Tariffs on Drone Imports Over US Security Concerns

President Donald Trump has announced new tariffs on imported drones and drone components, citing national security concerns and the United States heavy dependence on foreign suppliers. Under a proclamation signed by Trump,...

Strait of Hormuz Shipping Near Standstill After New Vessel Attacks

Shipping through the Strait of Hormuz slowed to a near standstill on Friday after two more vessels were attacked, while the United States signaled it could maintain its naval blockade of Iran indefinitely. The disruption...

US Dollar Slips as Weak Retail Sales Reduce Fed Rate Hike Bets

The U.S. dollar edged lower on Friday as weaker economic data prompted traders to scale back expectations for another Federal Reserve rate hike. Despite the decline, the greenback was poised to end a two-week losing streak...

Politics

US Presses Netanyahu to Condemn West Bank Settler Siege

The United States is urging Israeli Prime Minister Benjamin Netanyahu to publicly condemn militant Israeli settlers accused of besieging Palestinian families in Qusra, a village in the occupied West Bank, according to U.S....

Haftar Helps Broker Release of American Hostage Held by ISIS Affiliate

Libyan military commander Khalifa Haftar helped broker the release of an American hostage held by an Islamic State affiliate in West Africas Sahel region, according to four sources familiar with the negotiations. Kevin...

Israeli Troops Enter Palestinian Homes as Settler Siege Grips West Bank Village

Israeli troops took positions inside Palestinian homes in the occupied West Bank village of Qusra on Thursday as a settler siege left families trapped without electricity or water, according to the village mayor and...

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...

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

Alphabet’s SpaceX Investment Soars 100-Fold to $94 Billion

Alphabets early investment in SpaceX has delivered extraordinary returns, with the Google parents stake valued at roughly $94.2 billion at the end of June. The company originally invested $900 million in Elon Musks rocket...

Stripe, Advent Reportedly Pursue $53 Billion PayPal Takeover

Stripe and private equity firm Advent International reportedly offered to acquire PayPal for $60.50 per share in July, valuing the payments company at roughly $53 billion. PayPal rejected the proposal as too low, but...

J.P. Morgan Upgrades SanDisk, Sets $2,250 Price Target on AI NAND Growth

J.P. Morgan upgraded SanDisk to Overweight from Not Rated and set a December 2027 price target of $2,250, citing stronger long-term growth prospects following the flash memory companys 2026 Investor Day in New York....

Micron Stock Upgraded to Buy as New Street Sees $2 Trillion Valuation Potential

New Street Research has upgraded Micron Technology (NASDAQ: MU) to a Buy rating with a $1,250 price target, arguing that the semiconductor company is entering a fundamentally different memory cycle driven largely by...

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...