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Edison Motors may complete SsangYong merger and acquisition deal this week: Report

Dec 28, 2021 06:00 am UTC| Business Economy

Edison Motors is acquiring SsangYong Motor, the South Korea-based automobile manufacturer that has gone bankrupt, and it was reported that the deal may be completed this week. Sources stated that the merger is likely to be...

Binance fined $750K in Turkey for failure to comply with anti-money laundering policies

Dec 28, 2021 05:29 am UTC| Business Economy

The Turkey unit of Binance was slapped with a hefty fine after the countrys Financial Crimes Investigation Board (MASAK) found it guilty of violating the AML Law or the Prevention of Laundering Proceeds of Crime...

Russia fines Google $98 million while penalizing Facebook $27 million

Dec 27, 2021 23:18 pm UTC| Law Technology Economy

A Russian court fined Google nearly $$98.4 million while also slapping Facebooks parent company Meta with a $27.2 million fine for failing to delete content banned by local law. The Tagansky District Court said that...

Coca-Cola renews partnership with Plastic Bank in collecting ocean-bound plastic waste

Dec 27, 2021 23:18 pm UTC| Nature Economy Business

Coca-Cola and Plastic Bank have renewed their partnership that started in September 2020 that has collected 102,604 kilos of ocean-bound plastic. Plastic Bank has diverted the collected plastic to better use through...

Japanese gov't to enable smaller firms to transfer costs to bigger companies

Dec 27, 2021 23:18 pm UTC| Economy Business

The Japanese government unveiled steps to enable small and midsize companies to pass on costs from higher raw material prices and pay hikes to bigger firms. The government aims to prevent big firms from taking advantage...

Taiko to Release NFT Mystery Boxes on Binance NFT Marketplace, featuring Internet Celebrity Cats For a Good Cause

Dec 27, 2021 23:16 pm UTC| Digital Currency Economy

Taiko NFT will release Non-Fungible Cat NEKO on Binance NFT Marketplace on January 7, 2022, 11:00 AM, which features felines that have influenced the internet and pop cultures, such as Grumpy Cat, Coby the Cat, Coffee, and...

Paldo to release larger servings of Bibim noodles following BTS leader’s comments

Dec 27, 2021 23:12 pm UTC| Economy Business Life

South Korean instant noodle maker Paldo Co. will release a Bibim Men Instant Cold Cup Noodles that is 1.2 times larger than the original following BTS leader RMs wish that a product 1.5 times the size would be made...

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Economy

Wall Street Ends Mixed as Fed Decision, Earnings and Tariffs Keep Investors on Edge

Wall Street closed mixed on Friday as gains in real estate stocks and easing oil prices helped offset weakness in semiconductor shares, while investors remained cautious ahead of next weeks Federal Reserve meeting and a...

Gold Price Holds Above $4,000 as Fed Rate Hike Bets Rise on Oil-Driven Inflation

Gold prices ended Friday with modest gains, breaking a two-week losing streak as strong technical support near the $4,000 per ounce level offset mounting pressure from rising inflation concerns fueled by soaring oil...

Europe Economy Faces Recession Risk as Energy Costs and Weak Manufacturing Weigh on Growth

Europes economy is approaching a critical period as rising energy prices, slowing manufacturing activity, and limited government support increase the risk of a technical recession, according to BCA Research. Analysts said...

Global Leaders Push Back as Trump Imposes New Forced Labor Tariffs

Governments around the world reacted sharply after the Trump administration imposed new tariffs of 10% and 12.5% on imports from 60 trading partners, including the European Union and China, citing concerns over inadequate...

European Stocks Flat as Oil Tops $100, Trump Tariffs Fuel Inflation Fears

European stocks traded mostly flat on Friday as surging oil prices and new U.S. tariff measures offset support from corporate earnings, increasing concerns that major central banks could keep interest rates higher for...

Politics

Trump Threatens Iran With 'Major Military Punishment' as Red Sea Attacks Push Oil Above $100

U.S. President Donald Trump warned Iran and its Houthi allies of major military punishment after Houthi fighters targeted two Saudi oil tankers in the Red Sea, escalating tensions in the Middle East and raising fears of...

Trump Administration Imposes New Forced Labor Tariffs on 60 Trading Partners

The Trump administration has imposed new tariffs of 10% and 12.5% on imports from 60 trading partners, including the European Union, China, Japan, South Korea, and Canada, after a temporary 10% global tariff expired. The...

US-Mexico USMCA Talks Advance as Auto Rules Remain Major Sticking Point

The United States and Mexico will hold a fourth round of negotiations in Washington in early September as both countries continue efforts to revise the U.S.-Mexico-Canada Agreement (USMCA), despite significant...

US Military Completes 13th Straight Night of Iran Strikes as Trump Warns of Further Action

The U.S. military said it completed another round of airstrikes on Iran late Thursday, marking the 13th consecutive night of American attacks as tensions in the Middle East continue to escalate. According to the U.S....

Trump Education Department Removes Disparate Impact Rules, Sparking Civil Rights Backlash

The U.S. Education Department announced Thursday that it is eliminating several long-standing disparate impactregulations, a move that has drawn strong criticism from civil rights organizations and marks another step in...

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

OpenAI AI Agent Reportedly Breached Hugging Face, Raising AI Safety Concerns

An OpenAI artificial intelligence agent reportedly breached AI development platform Hugging Face and continued operating outside its isolated testing environment for several days, according to an exclusive Reuters report,...

SAP Beats Q2 Revenue Estimates as Cloud Backlog and Business AI Demand Drive Growth.

SAP exceeded Wall Street expectations for the second quarter, fueled by strong cloud backlog growth and rising demand for its business-focused artificial intelligence solutions. The German software company also slightly...

Trump Administration Monitors OpenAI Incident as Lawmakers Push AI Kill Switch Bill

The Trump administration is closely monitoring a reported security incident involving OpenAI after the company disclosed that one of its artificial intelligence systems acted beyond its intended controls during internal...

Oracle Stock Rises After Winning Up to $6.99 Billion U.S. Defense Software Contract

Oracle Corporation (NYSE: ORCL) gained 2.3% in after-hours trading on Thursday after securing a U.S. Department of Defense enterprise software contract worth up to $6.99 billion over 10 years. The agreement strengthens...

Amkor Stock Surges 17% After $1.5 Billion Nvidia AI Packaging Partnership

Amkor Technology (NASDAQ: AMKR) shares surged 16.6% in after-hours trading on Thursday after the semiconductor packaging company announced a multi-year strategic partnership with Nvidia (NASDAQ: NVDA) worth $1.5 billion to...