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Cosmetics companies in South Korea struggling to contain trademark infringements in China

Dec 19, 2022 10:10 am UTC| Business Economy

Cosmetics and beauty companies in South Korea are said to be struggling to deal with the growing trademark infringements in China. The Korea Intellectual Property Protection Agency (KIPO) said on Sunday, Dec. 18, that...

F1 team Red Bull to end Tezos sponsorship deal

Dec 19, 2022 09:58 am UTC| Sports Economy Business Technology

Formula One team Red Bull Racing will terminate a multi-year sponsorship deal with blockchain collectibles platform Tezos. Red Bull tapped Tezos services in May 2021 to help create bespoke NFTs available on its...

McDonald’s to adopt automatic payment system for drive-thru in S. Korea

Dec 19, 2022 09:35 am UTC| Economy Business Technology Life

McDonalds Korea will adopt an automatic tolling system dubbed Hi-Pass allows drivers to pay tolls without having to stop at toll booths on major expressways for its drive-thru (DT) service. The South Korean unit of...

KB Kookmin Bank, GLN signed MOU to build a global payment network

Dec 19, 2022 09:31 am UTC| Business Economy

KB Kookmin Bank and GLN International have agreed to collaborate to work together on setting up a global payment network. The companies signed a memorandum of understanding (MOU) for this project late last week. GLN...

Samsung, BMW ramp up EV battery business partnership

Dec 19, 2022 09:29 am UTC| Business Economy

Samsung Electronics and BMW have strengthened their partnership in the electric vehicle battery business. The chairman of the South Korean electronics firm, Lee Jae Yong, recently met up with the German luxury automakers...

Digital Currency Revolution

Metaverse: LG Uplus to launch university-based metaverse next year

Dec 19, 2022 08:40 am UTC| Business Digital Currency Investing

LG Uplus and its partners are reportedly planning to launch a campus-based metaverse. The South Korean Mobile network operator company is teaming up with Gala Lab game developer and Megazone cloud operator for this virtual...

Ford Motor hikes up the cheapest price of its F-150 electric pickup

Dec 19, 2022 07:56 am UTC| Business Economy

Ford Motor Co. raised the price of its F-150 Lightning electric pickup once again. The price increase was applied to the cheapest rate or starting price of the said model. As a result, the price of the F-150 electric...

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Economy

Gold Prices Rise as Weak US Data and Hormuz Risks Boost Safe-Haven Demand

Gold prices climbed on Monday as investors weighed weaker U.S. economic data against geopolitical tensions surrounding the Strait of Hormuz, while awaiting the Federal Reserves July meeting minutes for fresh signals on...

US Stock Futures Steady as Cooling Inflation and Strong Earnings Support Markets

U.S. stock futures traded near the flatline during Asian hours on Sunday, with Wall Street sentiment supported by softer inflation data and a strong corporate earnings season following a third consecutive week of gains for...

Asian Stocks Steady as Iran War Keeps Oil Prices and Inflation Risks Elevated

Asian stocks traded mostly flat on Monday as investors monitored rising oil prices and persistent geopolitical tensions surrounding the Iran war and the Strait of Hormuz. Prospects for peace talks remain limited, while oil...

Morgan Stanley Sees Fed Holding Rates as U.S. Inflation Cools

U.S. inflation showed further signs of easing in July, strengthening expectations that the Federal Reserve could keep interest rates unchanged through the end of the year. Morgan Stanley believes the latest inflation data...

Oil Prices Steady as Strait of Hormuz Traffic Slows Amid US-Iran Conflict

Oil prices were little changed in early Monday trading as shipping activity through the Strait of Hormuz slowed sharply over the weekend, while the ongoing conflict between the United States and Iran showed no signs of...

Politics

Russia-Ukraine Drone Attacks Escalate as Strikes Hit Moscow, Kyiv and Romania

Russia and Ukraine exchanged major missile and drone attacks overnight, leaving several people dead and damaging industrial and commercial facilities as the war continues to intensify. Russian forces struck ArcelorMittal...

US CENTCOM Chief Praises USS Abraham Lincoln Crew Amid Mental Health Concerns

U.S. Central Command chief Admiral Brad Cooper praised the crew of the USS Abraham Lincoln following a recent visit to the aircraft carrier, describing their performance and resilience as awe-inspiring amid growing...

Lula Targets Brazil’s Gig Workers as Reelection Battle Takes Shape

Brazilian President Luiz Inácio Lula da Silva launched his final reelection campaign on Sunday in Sao Bernardo do Campo, returning to the stadium where his rise as a labor leader began nearly five decades ago....

Trump Envoys Hold Gaza Peace Talks in Cairo as Israeli Strikes Continue

U.S. President Donald Trumps envoys held talks with Egyptian, Qatari and Turkish mediators in Cairo on Sunday as diplomatic efforts intensified to advance Washingtons Gaza peace plan while Israeli airstrikes continued...

Migrants in Spain’s Ceuta Protest for Asylum, Refuse Return to Morocco

Hundreds of migrants in Spains North African enclave of Ceuta gathered on a popular urban beach on Sunday, calling on Spanish authorities to grant them asylum rather than return them to Morocco. The protesters are among an...

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

Alibaba Sells Lingxi Games for Over $1.5 Billion Amid AI Push

Alibaba Group is reportedly selling its gaming subsidiary Lingxi Games in a transaction that could value the Chinese video game studio at more than $1.5 billion, as the technology giant redirects resources toward...

Nvidia’s $500 Billion AI Infrastructure Push Wins Morgan Stanley Support

Nvidia is doubling down on the artificial intelligence infrastructure boom with a plan to help mobilize as much as $500 billion in third-party capital, drawing participation from major financial firms including Apollo,...

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...

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...