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German brands top S.Korea's imported car sales market

Jun 28, 2021 11:20 am UTC| Economy Business

German automakers sold 187,000 cars in South Korea last year to account for 61.7 and top the countrys imported car market, according to data by the Korean Automobile Manufacturers Association (KAMA). US automakers sold...

Samsung, LG, SK to begin Moderna vaccination of their workers next month

Jun 28, 2021 10:44 am UTC| Business Economy

Samsung, LG Display, and SK Hynix will all start vaccinating their workers next month. It was revealed that they will be using Moderna shots, and the inoculation is also part of the governments efforts to bolster its...

Kimchi market in South Korea recorded $1.4 billion sales

Jun 28, 2021 10:15 am UTC| Business Economy

Kimchi is a known staple in South Korea, and it is one side dish that is always present in any meal. There is no other country that consumes kimchi as much as the Koreans that is why it is not surprising that it raised...

Tesla issues recall on almost 300,000 EV cars in China

Jun 28, 2021 09:15 am UTC| Business Economy

Tesla started to recall more than 285,000 cars in China, and this was announced on Saturday, June 26. It was reported that the main reason for the recall was a feature in the cruise control system. The Tesla defect that...

Hyundai, Naver team up for remote test-drive experience via metaverse interactive driving

Jun 28, 2021 09:00 am UTC| Business Economy

Hyundai Motor is offering something unique to consumers or people who are interested in its vehicles. The South Korean automaker will keep providing interactive experiences to car enthusiasts around the world. In fact,...

Boeing 777X: US FAA will not certify the new plane model before 2023

Jun 28, 2021 07:52 am UTC| Business Economy

Boeing is aiming to officially fly its 777X model soon, but it hit a snag as the U.S. Federal Aviation Administration did not issue permission for it to move forward for its certification. Without the approval, it is...

Volkswagen to resume production in Mexico following halt due to chip shortage

Jun 28, 2021 06:42 am UTC| Business Economy

Volkswagen Mexico revealed on Sunday, June 27, that it would be resuming operations in three of its production units. This is expected to start from next week and in July after the production was forced to stop as the...

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Economy

U.S. Futures Slip as Iran Rejects Ceasefire and Trump Deadline Looms

U.S. stock index futures edged lower Monday evening as investors remained on edge over escalating tensions in the Middle East, with President Donald Trumps deadline for Iran to reopen the Strait of Hormuz fast approaching...

Gold Prices Drop for Third Consecutive Session Amid Iran Tensions and Inflation Fears

Gold prices continued their downward trend in Asian trading on Tuesday, marking a third straight session of losses as markets grappled with mounting inflation concerns and escalating geopolitical tensions tied to U.S....

Global Markets Waver as U.S.-Iran War Deadline Looms and Oil Prices Surge

Global financial markets remained cautious on Tuesday as investors braced for a critical deadline in the ongoing U.S.-Israel war against Iran, which has sent oil prices soaring and renewed fears of stagflation across the...

US Dollar Dips as Iran Rejects Ceasefire Amid Rising Middle East Tensions

The US dollar edged lower on Monday as geopolitical uncertainty intensified after Iran rejected a Pakistan-brokered ceasefire proposal, pushing the US Dollar Index down marginally to 99.98. The euro remained flat due to...

India's Central Bank Holds Rates Amid Iran War Energy Shock

Indias Reserve Bank of India (RBI) is widely expected to maintain its benchmark repo rate at 5.25% this Wednesday, as policymakers carefully monitor the economic ripple effects of the ongoing Iran war. The conflict has...

Politics

Iran-US War Tensions Escalate as Trump Sets Deadline for Strait of Hormuz Deal

Diplomatic tensions between Iran and the United States have reached a critical breaking point as President Donald Trump issued a firm Tuesday night deadline demanding Iran reopen the Strait of Hormuz a strategic waterway...

Hegseth Warns of Heaviest Strikes Yet as Trump Issues Iran Ultimatum Over Nuclear Deal

President Donald Trump escalated tensions with Iran on Monday, warning that the United States could launch devastating attacks on Iranian civilian infrastructure including power plants and bridges unless Tehran agrees to...

Trump's Iran Deadline Is Final: Nuclear Deal Talks at Critical Juncture

With tensions escalating rapidly in the Middle East, U.S. President Donald Trump declared Monday that his Tuesday deadline for Iran to reach a nuclear agreement is firm and unlikely to be pushed back. Speaking to reporters...

Indonesia Files Genocide Case Against Myanmar's Min Aung Hlaing Over Rohingya Crisis

A coalition of civil society organizations filed a landmark criminal complaint in Indonesia on Monday against Myanmars newly elected President Min Aung Hlaing, accusing him of committing genocide against the Rohingya...

Ukrainian Drone Strikes Hit Novorossiysk, Injuring Eight and Cutting Power Across Russia

At least eight people, including two children, were injured Monday after Ukrainian drones struck Novorossiysk, a major Russian Black Sea port city. Local authorities confirmed that several residential buildings sustained...

Science

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

Technology

Britain Courts Anthropic Amid US Defense Department Dispute

The United Kingdom is actively working to attract Anthropic, the company behind the popular Claude AI app, to expand its footprint in the country. This diplomatic push comes as Anthropic finds itself in the middle of a...

OpenAI Executive Shake-Up Ahead of Anticipated 2026 IPO

OpenAI is navigating a significant leadership restructuring at one of the most pivotal moments in its history. The AI powerhouse confirmed that Chief Operating Officer Brad Lightcap is transitioning into a newly created...

Elon Musk Ties SpaceX IPO Access to Mandatory Grok AI Subscriptions

Elon Musk is reportedly making Grok subscriptions a prerequisite for banks and advisers involved in SpaceXs highly anticipated initial public offering. According to the New York Times, citing insiders familiar with the...

MATCH Act Targets ASML and Chinese Chipmakers in New U.S. Export Crackdown

A bipartisan group of U.S. lawmakers has unveiled the MATCH Act, a landmark piece of draft legislation designed to tighten export restrictions on advanced semiconductor manufacturing equipment destined for China. The...

Microsoft's $10 Billion Japan Investment: AI Infrastructure and Data Sovereignty Push

Microsoft is set to pour approximately $10 billion into Japan between now and 2029, channeling funds into data center expansion and artificial intelligence infrastructure to meet the countrys growing demand for data...