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Nongshim, Samyang to Trim Prices in South Korea Due to Pressure Arising from Inflation Woes

Jun 29, 2023 07:39 am UTC| Business Economy

Nongshim, Samyang, Shin Ramyun and other leading brands of instant noodles and snacks in South Korea have announced price cuts after giving in to the pressure to do so. With this move, the prices of such products have...

Lotte Chilsung Beverage's Sol's Eye Soars in Sales, Fueled by New 500ml Bottle, Soju Cocktail Trend

Jun 29, 2023 07:22 am UTC| Life Economy Business

Lotte Chilsung Beverages Sols Eye has experienced an impressive 70% YoY sales increase, propelled by the introduction of a new 500ml PET product and the growing popularity of soju cocktails. Celebrities have played a...

Supreme Court Denies Nike's Final Appeal in Patent Case Against Adidas

Jun 29, 2023 07:05 am UTC| Business Economy

In a final blow to Nike Inc., the U.S. Supreme Court has declined to hear its appeal against a patent decision favoring Adidas, effectively closing a long-standing legal battle over sneaker technology patents. Now the...

Samsung on Track to Mass Produce 1.4 nm Chips by 2027

Jun 29, 2023 06:49 am UTC| Technology Business Economy

Samsung Electronics Co., the worlds largest memory chipmaker, recently revealed the exciting details of its advanced process roadmap as it prepares to compete against its archrival, Taiwan Semiconductor Manufacturing Co....

Ford Motor Confirms Layoffs Affecting Engineers in US, Canada

Jun 29, 2023 06:21 am UTC| Business Economy

Ford Motor Co. is slashing jobs in the U.S. and Canada as part of a broad cost-cutting strategy. The affected employees, primarily engineers, were informed this week with a reported estimate of about 1,000 job...

Swire Pacific Set to Sell Coca-Cola USA Unit for $3.9B to Sharpen Asia Focus

Jun 29, 2023 06:19 am UTC| Economy Business Life

Hong Kongs Swire Pacific Ltd is selling its Swire Coca-Cola USA unit to majority stakeholder John Swire Sons Ltd for a hefty $3.9 billion. As the firm braces for a major strategic shift, this divestment signals a sharp...

Tevfik Arif shares his take on the post-COVID-19 real estate market in New York City

Jun 28, 2023 16:24 pm UTC| Business

The global economy was heavily affected by the COVID-19 pandemic. In this article, businessman and real estate expert Tevfik Arif shares just how much of an effect the pandemic had on New York Citys real estate market, in...

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Economy

Barclays Warns U.S. Stock Rally May Be Detached From Fundamentals

U.S. equities have delivered strong gains in 2026, but Barclays analysts warn that the stock market rally may be increasingly disconnected from underlying fundamentals as investors continue chasing higher prices. The SP...

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...

Politics

US Admiral Visits USS Abraham Lincoln as Carrier Prepares to End Deployment

The US admiral overseeing military operations involving Iran visited the USS Abraham Lincoln on Saturday as the aircraft carrier prepared to return home after a demanding nine-month deployment, according to a report by the...

AMLO’s Son Says U.S. Revoked His Visa

Andres Manuel Lopez Beltran, the son of former Mexican President Andres Manuel Lopez Obrador, said the United States has revoked his visa in what he described as a politically motivated decision. Lopez Beltran, widely...

DNC Makes South Carolina First in 2028 Democratic Primaries

The Democratic National Committee has officially selected South Carolina as the first state to vote in the 2028 Democratic presidential primaries, cementing a new nominating calendar designed to reflect the partys diverse...

Israeli Troops Enter Qusra Homes as Settler Siege Intensifies

Israeli troops took up positions inside Palestinian homes in the occupied West Bank village of Qusra on Thursday, according to local officials and residents, as a settler siege that has trapped several Palestinian families...

U.S. Pressures Nations to Choose Sides in AI Race

The United States is preparing to pressure dozens of countries to choose between joining a U.S.-led artificial intelligence alliance or supporting Chinas competing AI framework, according to a U.S. official and an internal...

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 Shifts AI Strategy Toward Commercial Growth, Goldman Sachs Says

Alphabet is increasingly shifting its artificial intelligence strategy toward commercialization, scale and long-term revenue growth, according to Goldman Sachs analysts. The investment bank said recent management changes,...

Nvidia Eyes $3 Billion Investment in SoftBank-Backed AI Data Center

Nvidia is reportedly in discussions to invest up to $3 billion in SB Energy, a SoftBank Group-backed company developing a major AI data center campus in Ohio for OpenAI. According to a report by The Information, the...

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....