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Apple Pay reportedly coming to South Korea soon

Dec 01, 2022 09:11 am UTC| Business Economy

Apple Pay is reportedly arriving in South Korea but the exact date of launch has been confusing. Based on the reports this week, some media outlets stated it will be activated in the country on Nov. 30 but others said it...

Disney acquires MLB's stake in BAMTech streaming unit for $900M

Dec 01, 2022 08:24 am UTC| Business Economy

Walt Disney Company acquires the remaining 15% stake owned by Major League Baseball (MLB) in its BAMTech streaming unit. The deal is said to be worth $900 million based on the filing with the U.S. Securities Exchange...

Primark investing over $100M in Spain to open new stores and hire 1,000 employees

Dec 01, 2022 07:23 am UTC| Business Economy

Primark fashion retailer revealed its plan to spend $103.5 million or 100 million to launch new stores in Spain, which is its second-largest market. The company said on Tuesday, Nov. 29, that it will open eight stores...

KT, Coway reveals tie-up for AI-based smart home appliances business

Dec 01, 2022 07:04 am UTC| Business Economy

KT Corp. and Coway Co. Ltd. agreed to team up and work together for the development and production of artificial intelligence (AI)-based home appliances. Their partnership deal was revealed on Wednesday, Nov. 30. KT...

MBK Partners to acquire Medit after replacing Carlyle consortium as preferred bidder

Dec 01, 2022 06:20 am UTC| Business Economy

MBK Partners has been tapped by Citigroup Global Markets Securities as the preferred bidder to buy Medit dental scanners and solutions firm. With this decision, the Carlyle-led consortium is now out of the bid race. MBK...

Korean Air introduces A321neo equipped with fully lie-flat seats in business class

Dec 01, 2022 05:39 am UTC| Life Economy Business

Korean Air became the first Korean airline to offer fully lie-flat seats in business class on a short-haul aircraft with its first Airbus A321neo, a single-aisle narrow-body with a total of 182 seats. The airlines first...

H&M to cut 1,500 jobs to save about $190 million annually

Dec 01, 2022 00:30 am UTC| Business Economy

Sweden-based HM will reduce its global workforce by around 1,500 to save about $190 million annually as part of a plan to reduce costs and further improve efficiency. The low-cost fashion brand said that a restructuring...

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Economy

Malaysia Inflation Eases to 1.8% in July, Below Forecast

Malaysias inflation rate moderated slightly in July, with consumer prices rising 1.8% from a year earlier, according to government data released on Monday. The latest increase in Malaysias Consumer Price Index (CPI) came...

BSP Sees Philippine Inflation Easing, Keeps Policy Options Open

The Bangko Sentral ng Pilipinas (BSP) expects inflation in the Philippines to gradually ease over the medium term, although risks to consumer prices remain tilted to the upside, central bank Governor Eli Remolona said on...

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...

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

Alphabet Eyes First Australian Dollar Bond as AI Spending Drives Funding Push

Alphabet, the parent company of Google, is preparing for its first-ever Australian dollar bond issuance as the U.S. technology giant explores new funding sources amid rapidly rising artificial intelligence investment. The...

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...