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Fri, Dec 26, 2025 03:27 AM All times are UTC

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POSCO Chemical, Samsung SDI sign $33B battery materials supply deal

Jan 31, 2023 09:35 am UTC| Business Economy

POSCO Chemical Co. and Samsung SDI have agreed to join forces for the supply of cathode materials for the production of electric vehicle batteries. The companies signed a deal worth KRW40 trillion or about $33 billion on...

Unilever hires former Heinz executive to lead company as CEO

Jan 31, 2023 09:34 am UTC| Business Economy

Unilever, a British consumer goods company with headquarters in London, England, said on Monday, Jan. 30, that it has hired a new executive to be its CEO. The company announced that former Heinz Company executive, Hein...

GM to launch new vehicles in South Korea including Cadillac Lyriq EV

Jan 31, 2023 09:31 am UTC| Business Economy

General Motors is launching new vehicles in South Korea this year, and this was announced on Monday, Jan. 30. The automaker headquartered in Detroit, Michigan, said it would introduce six new models, including all-electric...

KT&G inks deal with Philip Morris for global expansion of its e-cigarettes

Jan 31, 2023 08:00 am UTC| Business Economy

KTG, or the Korea Tobacco Ginseng Corporation, has teamed up with Philip Morris International (PMI) to hasten its global expansion plans. The two companies signed a 15-year partnership deal, and this was confirmed on...

How companies can improve the retention of employees returning from abroad

Jan 31, 2023 07:22 am UTC| Business

Multinational enterprises are currently facing a serious challenge. These organizations are companies with multiple locations or operations around the world. They often send employees abroad on assignments so they can gain...

Toyota sells 10.5 million vehicles to beat Volkswagen as world's top-selling automaker

Jan 31, 2023 06:24 am UTC| Business Economy

Toyota Motor Corp sold 10.5 million vehicles, retaining its lead over German rival Volkswagen for the third year to be the worlds top-selling automaker in 2022, The Japanese carmaker and its subsidiaries sold nearly the...

China’s JD to exit Indonesian, Thai e-commerce markets

Jan 31, 2023 03:56 am UTC| Business Economy

Chinas JD will close its e-commerce services in Indonesia and Thailand after a bruising year for the Chinese business environment. JD did not give a reason for the closures. The company will end its services in...

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Economy

China Revises 2024 GDP Lower After Final Review, Eyes Growth in 2025

Chinas economy in 2024 was officially revised downward following a final verification by the countrys statistics bureau, highlighting ongoing adjustments in the worlds second-largest economy. According to the latest...

U.S. Stock Futures Edge Higher as Holiday-Thinned Trading Persists

U.S. stock futures moved modestly higher on Thursday evening following the Christmas holiday, as subdued activity and thin trading volumes continued to shape market behavior ahead of a shortened New Years trading week....

Oil Prices Rise on Venezuela Sanctions and Nigeria Airstrikes Despite Annual Losses

Global oil prices edged higher on Friday as geopolitical tensions intensified following new U.S. actions targeting Venezuelan oil shipments and military airstrikes against Islamic State militants in Nigeria. These...

Japan Approves Record ¥122.3 Trillion Budget as Takaichi Seeks Fiscal Balance

Japans government, led by Prime Minister Sanae Takaichi, has approved a record-breaking budget worth 122.3 trillion yen ($785 billion) for the next fiscal year starting in April, underscoring its attempt to balance...

Tokyo Core Inflation Stays Above BOJ Target, Strengthening Case for Further Rate Hikes

Core consumer prices in Tokyo, Japans capital, rose 2.3% in December compared with the same period a year earlier, reinforcing expectations that the Bank of Japan (BOJ) may continue raising interest rates in the coming...

Politics

White House East Wing Ballroom Plans Face Scrutiny Ahead of January Hearing

The White House is set to reveal new details about President Donald Trumps proposed East Wing ballroom during a federal commission hearing scheduled for early next month, according to official notices. The project, which...

Zelenskiy Discusses Ukraine Peace Efforts With Trump Envoys

Ukrainian President Volodymyr Zelenskiy said on Thursday that he held an extensive discussion with U.S. President Donald Trumps special envoy Steve Witkoff and Trumps son-in-law Jared Kushner, focusing on possible ways to...

Kim Jong Un Signals Continued Missile Development as North Korea Plans Five-Year Military Modernization

North Korean leader Kim Jong Un has signaled that the country will continue to advance its missile capabilities over the next five years, underscoring Pyongyangs ongoing focus on strengthening its military deterrence....

US Airstrikes Target Islamic State Militants in Northwest Nigeria Amid Rising Security Concerns

The United States has carried out airstrikes against Islamic State militants operating in northwest Nigeria, according to a statement made by U.S. President Donald Trump on Thursday. The strikes were described as a direct...

U.S. Judge Blocks Deportation of British Anti-Disinformation Campaigner Imran Ahmed Amid Free Speech Dispute

A U.S. federal judge has temporarily blocked the Trump administration from detaining or deporting Imran Ahmed, a British anti-disinformation campaigner and U.S. permanent resident, following a legal challenge over an entry...

Science

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance

NVIDIA (NASDAQ: NVDA) has reportedly agreed to acquire Groq, a fast-growing designer of high-performance artificial intelligence accelerator chips, in a $20 billion all-cash transaction, according to a CNBC report. The...

Texas App Store Age Verification Law Blocked by Federal Judge in First Amendment Ruling

A federal judge in Texas has blocked the enforcement of a new state law that would have required app stores and developers to verify users ages, marking a significant legal win for major technology companies and digital...

FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement

The U.S. Federal Trade Commission has welcomed Instacarts decision to end its artificial intelligence-based price testing, a move that follows weeks of consumer backlash and regulatory scrutiny. FTC Chair Andrew Ferguson...

John Carreyrou Sues Major AI Firms Over Alleged Copyrighted Book Use in AI Training

Investigative journalist John Carreyrou, widely known for exposing fraud at Silicon Valley blood-testing startup Theranos and for authoring the bestselling book Bad Blood, has filed a new copyright infringement lawsuit...

Italy Fines Apple €98.6 Million Over App Store Dominance

Italys competition authority has imposed a 98.6 million ($115.53 million) fine on U.S. technology giant Apple and two of its subsidiaries, citing alleged abuse of a dominant market position related to the distribution of...