Thursday, December 12, 2024
Business World
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Cuba denounces US 'theft' of Havana Club rum trademark
Havana, Dec 11Cuba denounced as a "theft of Cuban trademarks" a new US law which secured Bacardi's Havana Club rum trademark in the American market amid a lengthy legal battle.AI revolution yet to come, regulations may hinder innovation: Meta AI chief
Seoul, Dec 11Yann LeCun, the chief artificial intelligence (AI) scientist at global tech giant Meta Platforms, said that the "real AI revolution" has yet to come, calling on the gove...Asiana Airlines set to officially become a Korean Air subsidiary
Seoul, Dec 11A full-scale integration between Korean Air and Asiana Airlines is expected to proceed in earnest, according to industry observers on Wednesday, following the closing of the protr...18 automakers fined $8.16 million for subpar safety standards
Seoul, Dec 10The transport ministry here said on Tuesday it has imposed fines totalling 11.7 billion won ($8.16 million) on 18 foreign and domestic automakers for selling cars with inadequate ...
Telegram downloads surge in South Korea on fears of state censorship
Seoul, Dec 10New installations of global messaging app Telegram have spiked in South Korea, data showed on Tuesday, as concerns brewed over possible media censorship following the martial law ...
Exploring All League of Legends Champions: A Universe of Strategy and Style
London, Dec 10If you’ve ever stepped onto Summoner’s Rift, you know that League of Legends is more than just a game—it’s an ever-evolving ecosystem filled with creativity, complexity, and fierc...South Korean battery makers' global market share declines
Seoul, Dec 9Three South Korean electric vehicle battery makers saw their combined global market share fall from a year earlier in the first 10 months of 2024 amid robust growth of Chinese riv...Sanctions are destroying the global market, says CEO of Russia's Rosneft
Doha, Dec 8Sanctions by the US and its allies are hurting various pillars of the global market, particularly in energy, Rosneft CEO Igor Sechin said at the Doha Forum.
Korean won worst performer among major peers
Seoul, Dec 8The South Korean currency was the worst performer around the globe last week as the political turmoil following President Yoon Suk Yeol's short-lived declaration of martial l...
Elon Musk's xAI raises $6 billion to expand AI capabilities
New Delhi, Dec 6Elon Musk’s AI company called xAI has raised $6 billion, as it plans to expand its supercomputer to house at least one million graphics processing units (GPUs).ENOC commemorates completion of Horizon JPUT Pipeline Connectivity project in Singapore
Dubai, December 5Horizon Terminals Limited (HTL), a wholly owned subsidiary of Emirates National Oil Company (ENOC), has announced the successful completion of the Horizon JPUT Pipeline Connectivi...Apple's next iPad Pro to feature M5 Chip, launch expected in late 2025
Washington, December 5Apple's upcoming iPad Pro lineup, set for release in the second half of 2025, will be powered by the tech giant's next-generation M5 chip.
LG Electronics joins US-based Ambarella for in-cabin sensing solution
Seoul, Dec 5LG Electronics said on Thursday it has teamed up with Ambarella, a US artificial intelligence (AI) semiconductor design company, to introduce an enhanced in-cabin sensing solution...
Amazon sued over slow deliveries to low-income areas in US
New York, Dec 5The attorney general of the US District of Columbia sued Amazon, accusing it of violating consumer protection laws by making slower deliveries to Prime members in historically low...US sanctions 2 Indian shipping sector companies alleging involvement in Iran oil trade
New York, Dec 5The US is sanctioning two Indian shipping sector companies alleging that they played a "critical role" in transporting Iranian oil in defiance of the US embargo.US consumers may adjust behaviour due to potential tariffs: National Retail Federation head
New York, Dec 4US consumers may adjust their behaviour as the holiday season progresses and the new year begins amid concerns about new tariffs, Matthew Shay, president and CEO of the US Nationa...
Amazon doubles down on AI with next-gen 'Nova' models
Las Vegas, Dec 4Amazon has unveiled a new set of artificial intelligence (AI) foundation models called ‘Nova’, that offer state-of-the-art intelligence across a wide range of tasks, along with in...S. Korea fines pharma giant Celltrion for unfair business practices
Seoul, Dec 3South Korea's antitrust regulator on Tuesday said it has fined leading drugmaker Celltrion 435 million won ($309,900) for engaging in unfair business practices.
US chip export curbs on China to have limited impact on South Korea
Seoul, Dec 3The United States' latest export control package against China is expected to have only a limited impact on South Korea's semiconductor industry, officials said on Tuesd...
US unveils new package of chip export controls against China
Washington, Dec 2The United States has announced a new semiconductor export control package against China, including curbs on high-end chips for artificial intelligence (AI) that are likely to aff...Princess Cruises Unveils Spectacular 2026-2027 West Coast Season
FORT LAUDERDALE, Fla.Princess Cruises has announced an extensive 2026-2027 West Coast cruise program, offering an impressive array of voyages across Mexico, Hawaii, and California. The season features...
Samsung's half-century chip biz faces unprecedented challenges in AI era
Seoul, Dec 2Samsung Electronics, a pioneer in the semiconductor industry, is facing significant challenges as the global memory market shifts toward artificial intelligence (AI)-focused techn...
Musk files for injunction to block OpenAI from transition to for-profit organisation
New Delhi, Dec 1Tech billionaire Elon Musk has filed for a preliminary injunction against Sam Altman-run OpenAI for alleged anti-competitive behaviour.South Korea's exports grow for 14th month on record chip shipments
Seoul, Dec 1South Korea's exports extended on-year gains to the 14th straight month in November, data showed on Sunday, on the back of the strong performance of chips.China's manufacturing sector posts faster expansion in November
Beijing, Nov 30China's manufacturing sector registered faster expansion in November on government policy support, official data showed on Saturday.Tokyo stocks end lower as strong Yen weighs on exporters
Tokyo, Nov 29Tokyo stocks closed lower on Friday as a stronger Yen against the US dollar weighed on exporter issues.Mining, domestic demand bolster Mongolia's economy: World Bank
Ulan Bator, Nov 29Mongolia's economy is projected to grow by 5.3 per cent in 2024 and 6.5 per cent in 2025, driven by robust mining production and domestic demand, according to the World Bank&...
ADB, Gulf Renewable Energy sign deal to scale up renewable energy in Thailand
Manila, Nov 29The Asian Development Bank (ADB) said that it has signed an $820-million-loan with Gulf Renewable Energy Company Limited, a subsidiary of Gulf Energy Development Public Company Li...
FinCzech - Professional Hedge Fund Formation Service
London, Nov 28Unlock the potential of your investments with FinCzech, the premier hedge fund formation service in the Czech Republic. Our expert team simplifies the process of establishing a he...Samsung SDI names Choi Joo-sun as new CEO amid reshuffle
Seoul, Nov 28Samsung SDI, a battery and electronic materials manufacturing unit under Samsung Group, said on Thursday it has appointed Choi Joo-sun, head of Samsung Display, as its new CEO as ...Samsung announces new leadership to stay relevant in chip biz
Seoul, Nov 27Samsung Electronics announced its new leadership on Wednesday with a focus on the semiconductor business, in an apparent move to strengthen its future competitiveness in the field...
Samsung likely to make major personnel reshuffle as early as this week
Seoul, Nov 26Samsung Electronics is expected to go through a major personnel reshuffle this week at the earliest as part of efforts to overcome its sluggish business performance, industry sour...More German companies adopting AI applications: statistics
Berlin, Nov 25The use of Artificial Intelligence (AI) is gaining momentum in Germany, with 20 per cent of companies now incorporating the technology -- a notable increase from 12 per cent in 20...Connectivity corridor will be a game changer, says EAM Jaishankar about IMECC
Rome, November 25In a significant diplomatic milestone, India's External Affairs Minister S Jaishankar inaugurated the new premises of the Indian Embassy in Rome, underscoring the growing str...
The Future of the Crypto Regulation in India
London, Nov 25Discover the future of cryptocurrency regulation in India as the government takes steps to create a clear and secure trading environment. Explore the implications for traders, pot...Asia-Pacific's EV battery market to reach 29.9 mn units by 2029, India's FAME makes strides
New Delhi, Nov 25The volume of xEV batteries, essential for powering electric vehicles. is projected to reach 29.9 million units in the Asia-Pacific region by 2029, at a compound annual growth rat...
Hyundai chief hints at collaboration with Toyota on hydrogen mobility
Seoul, Nov 25Hyundai Motor Group's chief Euisun Chung has spoken about the possibility of collaboration with Japan's Toyota Motor in areas involving hydrogen-powered mobility.
Future of AI regulation in US uncertain under Trump-Musk: Report
New Delhi, Nov 24Some industry experts are skeptical whether Elon Musk’s unconventional methods and Donald Trump’s leadership will ultimately benefit AI regulation and the market at large, accordi...China agrees to remove buoy set up in economic zone near Senkaku islands claimed by Japan
Tokyo, November 24China has told Japan it intends to remove a buoy it installed inside Japan's exclusive economic zone near the Senkaku Islands in the East China Sea, local media said citing d...US private-sector activity picks up pace as firms look forward to new government: survey
New York, Nov 23The S&P Global Flash US Composite PMI, which gauges activity in the manufacturing and services sectors, rose to 55.3 in November from 54.1 in October, according to the surveys...
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