On December 29, South Korea experienced its most devastating air disaster to date, when a Jeju Air flight tragically crashed at Muan International Airport. With 179 lives lost, the incident has sent shockwaves through the nation and raised serious questions about aviation safety protocols. As the transport ministry gears up to release a preliminary report,
Wall Street
A recent analysis from Baker Hughes reveals a worrying trend in the U.S. energy sector as oil and natural gas rig counts decrease for the third straight week. This decline has brought the total operating rigs down to 576, a figure not seen since December 2021. With an overall decrease of 45 rigs compared to
In a significant demonstration of resilience within the semiconductor industry, South Korean chipmaker SK Hynix reported an astonishing operating profit of 8.1 trillion won ($5.64 billion) for the fourth quarter of last year. Remarkably, this exceeds the figures released by its larger competitor, Samsung, which reported an operating profit of 6.5 trillion won for the
Recent findings from Bank of America’s (BofA) Asia Fund Manager Survey highlight a troubling shift in investor sentiment across Asia, emphasizing the need for clarity on U.S. policy under the Trump administration and the ongoing challenges in China’s economic landscape. Capturing the views of 214 fund managers with a significant pool of assets totaling $576
In a significant policy shift, President Donald Trump has mandated a comprehensive return to in-person work for federal employees, an initiative unveiled during a rally at Washington’s Capital One Arena. This executive order is poised to undo the widespread acceptance of remote work that gained prominence amid the COVID-19 pandemic. As the nation navigated through
In a dramatic turn of events, TikTok faced a temporary suspension of its services across the United States, following a Supreme Court ruling that upheld a legislative ban on the app due to its ownership ties with China. The ruling has raised alarm amongst lawmakers and citizens alike, with fears that the popular platform could
In a striking twist of political maneuvering, TikTok recently announced that it was restoring access to its platform in the United States, coinciding with President-elect Donald Trump’s declaration of his intention to reinstate the app once he takes office. This decision is particularly significant given the backdrop of increasing tension between the U.S. and China,
In recent days, TikTok has become a flashpoint in the continuing complexities of U.S.-China relations, with the potential for a federal ban causing widespread concern across the American populace. Nearly half of all Americans currently engage with the app, which has not only transformed online culture but also emerged as a vital resource for countless
In a decisive step to regulate e-commerce imports, the Biden administration has announced proposed rules aimed at limiting the advantages provided to low-value shipments under the $800 de minimis threshold. Released just before the weekend, this move directly impacts companies like Shein and Temu, which have flourished by utilizing this threshold to bypass traditional import
Novo Nordisk, a prominent player in the pharmaceutical industry, witnessed a notable decline in its stock prices, dropping 3.6% in a single day following a critical announcement from the U.S. Department of Health and Human Services (HHS). The HHS revealed that two of Novo Nordisk’s flagship products, Ozempic and Wegovy, are part of a larger