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Sun, Aug 16, 2026 07:17 PM All times are UTC

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Samsung to invest $230 billion in building mega chip cluster

Mar 18, 2023 06:09 am UTC| Technology Economy Business

Samsung Electronics will invest $230 billion over the next 20 years chip-making mega cluster, which will be established in Gyeonggi Province by 2042. Samsungs five new semiconductor plants would anchor South Koreas...

Samsung steals Xiaomi’s crown in India’s smartphone market

Mar 18, 2023 06:03 am UTC| Technology Economy Business Life

Samsung Electronics took a 20 percent market share in India in the last quarter of 2022 to take the top spot in the worlds second-biggest market for devices over erstwhile leader Xiaomi Corp., who had an 18 percent market...

SpaceX establishes Korean subsidiary for its Starlink service in South Korea

Mar 17, 2023 09:30 am UTC| Business Economy

SpaceX, an American spacecraft manufacturer, launcher, and satellite communications company, has formed its subsidiary in South Korea. The local unit was created as it is set to launch its Starlink satellite internet...

T-Mobile acquires Ryan Reynolds’ Mint Mobile for $1.35B

Mar 17, 2023 09:18 am UTC| Business Economy

T-Mobile, a mobile telecommunication company, is reportedly acquiring Mint Mobile LLC, a mobile virtual network operator in the United States owned by Hollywood actor, Ryan Reynolds. T-Mobile said on Wednesday, March...

Hyundai Motor secures third place as the largest carmaker in the world

Mar 17, 2023 08:41 am UTC| Business Economy

Hyundai Motor is now in the top three in the list of largest carmakers in the world. It has secured third place in the ranking in terms of sales, and this is said to be an impressive achievement since the brand made it to...

Burberry names McLaren Group’s exec as its new CFO

Mar 17, 2023 08:40 am UTC| Business Economy

Burberry, a British luxury fashion brand, announced this week that it had appointed Kate Ferry as its new chief financial officer. On Wednesday, March 15, the company confirmed that the current CFO of Formula One and the...

KT to deploy robots for delivery service on campgrounds via partnership with camping firms

Mar 17, 2023 08:28 am UTC| Business Economy

KT Corp. is adding more uses for its autonomous delivery robots and recently revealed these will be deployed to the camping grounds. The company is teaming up with camping service startups for its new robot delivery...

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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....