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BTS agency Hybe made history with its record-breaking 2021 earnings

Feb 23, 2022 07:39 am UTC| Business Economy

BTS is being managed by Hybe that has made history in the Kpop industry by surpassing the ₩1 trillion mark in annual sales for the year 2021. The company has become the first management agency in South Korea to attain this...

Hyundai Motor shutters key plant in China due to slow-moving sales

Feb 23, 2022 07:14 am UTC| Business Economy

Hyundai Motor recently closed down its primary plant in China, but the company said on Tuesday, Feb. 23, that this is just a temporary setup. It was revealed that the reason for the closure was the slow sales this...

Court favors GM Korea in canceling gov’t order to return technology institute subsidy

Feb 22, 2022 22:38 pm UTC| Law Economy Business

A court has ruled in favor of GM Korea Co. in a lawsuit to annul the governments decision to retrieve its subsidy provided for a facility the carmaker disposed of in 2019, sources said Monday. The suit was filed by the...

Drake’s collaborative Nike Nocta Hot Step to be released on March 3

Feb 22, 2022 22:38 pm UTC| Economy Life Business

Drake will release on March 3 his first collaborative Nike sneaker, the Nocta Hot Step, priced at $180. The upper of the Nike Nocta Hot Step is made of pebbled leather, with bright 3M highlights. It also includes G-Tek...

F1 extends US Grand Prix deal until 2026

Feb 22, 2022 22:37 pm UTC| Sports Economy Business

Formula One has extended the United States Grand Prix until 2026 after the previous deal worth US$25 million expired in 2021. Formula One CEO Stefano Domenicali noted that they are continuing to grow the excitement...

Puma emphasizes mental strength in inking partnership with chess GM Magnus Carlsen

Feb 22, 2022 22:37 pm UTC| Sports Economy Business

Puma inked a long-term with Norwegian Grandmaster Magnus Carlsen that would see the German sportswear brand create content and activations for chess enthusiasts and attract more fans to the game. The agreement also...

Burger King’s digital campaign stars Oprah Winfrey, Julia Roberts, and Michael Jordan, just not the famous ones

Feb 22, 2022 21:10 pm UTC| Economy Business Life

Burger King is leaning on mistaken identity to help promote its plant-based burger range and features the tagline, Often mistaken for the original: the plant-based Whopper. The message is you can mistake ordinary people...

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Economy

UK Wage Growth Holds at 3.5% as Unemployment Rises

UK wage growth excluding bonuses remained at 3.5% in the second quarter of 2026, while unemployment increased, pointing to further signs of weakness in the countrys labor market, according to the latest data covering June...

European Stocks Slide as Iran War Escalation Sends Oil Higher

European stocks extended their decline on Tuesday, with major benchmarks falling to two-week lows as a sharp escalation in the Iran war rattled global financial markets. The pan-European STOXX Europe 600 fell 0.2%, marking...

Australian Consumer Sentiment Jumps 6% in August as Rate Outlook Improves

Australian consumer sentiment strengthened sharply in August, driven by improving household finances and greater confidence about the outlook for interest rates, according to the latest Westpac-Melbourne Institute survey....

Colombia Earthquake Losses Estimated at $9.58 Billion as Reconstruction Challenge Mounts

Economic losses from the powerful earthquake that struck Colombia last week could reach 30 trillion pesos ($9.58 billion), President Abelardo De La Espriella said Monday, highlighting the enormous financial toll of the...

US Eyes Refinery Boost as Trump Seeks Relief From High Gas Prices

U.S. Energy Secretary Chris Wright said Washington is preparing measures to help refiners increase fuel production as the Trump administration looks for ways to bring down gasoline prices following the U.S.-Israeli war on...

Politics

Philippines Confident in U.S. Defense Commitment Despite Middle East Redeployment

The Philippines does not expect a slowdown in military cooperation with the United States despite the redeployment of some American defense assets from the Indo-Pacific to the Middle East, a Philippine military official...

Gaza Zoo Struggles to Save Animals Amid War

Children visiting a zoo near Gazas Nuseirat refugee camp are greeted by a heartbreaking sight: lions, chimpanzees and other animals weakened by hunger, stress and years of conflict. Despite severe shortages of food,...

Trump Says Kim Jong Un Responded to Outreach After US Scales Back South Korea Military Drills

U.S. President Donald Trump said Monday that North Korean leader Kim Jong Un has responded to his recent outreach, signaling renewed communication between the two leaders as Washington moves to reduce joint military...

Trump Says Iran Should Surrender as Nuclear Deal Talks Stall

U.S. President Donald Trump said Monday that Iran is unlikely to accept the agreement he considers necessary to end the war with the United States, insisting Tehran must surrender and abandon any path toward developing a...

Gérald Darmanin Backs Édouard Philippe for 2027 French Presidential Election

French Justice Minister Gérald Darmanin has thrown his support behind former Prime Minister Édouard Philippe for Frances 2027 presidential election, ruling out a potential bid of his own as the countrys...

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

BofA Sees Micron EPS Topping $230 by 2030, Backs Major Stock Upside

Bank of America expects Micron Technology (NASDAQ: MU) to deliver more than $230 in earnings per share by fiscal 2030, significantly above Wall Streets current peak estimates, as artificial intelligence demand reshapes the...

Anthropic Revenue Run Rate Hits $65 Billion as IPO Plans Accelerate

Anthropics annual revenue run rate surpassed $65 billion by the end of July, highlighting the artificial intelligence startups rapid expansion as it prepares for a potential initial public offering later this year. The...

Google to Buy Spirit Airlines Business Data for $10 Million to Train AI

Google, a subsidiary of Alphabet, has agreed to acquire internal business data from bankrupt Spirit Airlines for $10 million, with plans to use the information for product development and artificial intelligence training....

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...