China Mourns Loss of Self-made Billionaire Founder Zong Qinghou, Dies at 79Self-made Chairman Zong Qinghou of Wahaha died at 79Once the wealthiest businessman in China“A first-generation entrepreneur after China’s reform and opening up” Zong Qinghou, the founder of China’s largest food and beverage company, Wahaha Group, died at the age of 79 on the 25th, according to China Daily. The memorial service will be held in […]
Microsoft's Bing: The Search Engine Apple Just Couldn't Buy US CNBC "2018 MS made acquisition offer to Apple" Google's antitrust complaint reveals 'rebuttal' Apple compares Google and Bing, ultimately chooses Google "Quality search engine, not monopoly" Microsoft (MS) tried to sell its search engine Bing to Apple in 2018, but Apple rejected the offer. This was revealed in an antitrust lawsuit filed by the US Department of Justice against Google...
Trump's Financial Burden Grows: Fine Swells to Over $454 M Delay before $100 million verdict The fine against former U.S. President Donald Trump, who is accused of manipulating the value of real estate to obtain favorable interest-bearing loans and insurance rates, has ballooned to more than $454 million. The final judgment entered by Judge Arthur Engoron of the U.S. District Court for the District of Manhattan in New York City on Friday (local time) set the fine against Trump at a minimum of $454 million, the U.K.'s Guardian reported. This is in addition to the original fine of $354 million, plus $100 million in pre-judgment interest...
Breaking Beauty Stereotypes: 39-Year-Old Activist Crowned Miss Germany Iranian architect and women's rights activist Apameh Söhneur, 39, has been crowned Miss Germany. According to SWR on Aug. 25 (local time), the Iranian architect and women's rights activist was crowned Miss Germany at a pageant in Oirofa Park in Baden-Württemberg, Germany, where she also received the Women Leader Award. Sönauer, who moved to Germany with her parents when she was 6 years old, works as an architect in Berlin. She is an active social activist, founding the women's rights organization Network Sirjan. She is a mother of two...
Iran Supplied Russia with 400 Ballistic Missiles Amid Ukraine Conflict In four shipments with ranges of up to 700 kilometers, Iran has provided ballistic missiles to Russia, which is at war with Ukraine, Reuters reported on April 21 (local time), citing multiple sources. The Iranian ballistic missiles are capable of hitting targets with a range of 300 to 700 kilometers, and the shipment was reportedly about 400 rounds. "The deliveries began earlier this year and have been made in four batches so far," an Iranian military official said, adding that more deliveries are expected in the coming weeks."
Terraform Labs CEO Faces Extradition to U.S., Potential 100-Year Sentence Montenegrin Court Decides to Extradite to the U.S. "Up to 40 years in Korea and over 100 years in the U.S." FTX Founder Sentenced to 115 Years in Prison FTX founder Do-hyung Kwon, who is being held in Montenegro on charges of coin fraud after the Tera-Luna crash shook the virtual asset (cryptocurrency) market, has been extradited to the United States. While Kwon has three days to appeal the decision, it has been argued that he could face more than 100 years in prison if his extradition is confirmed.
Odysseus Lands on Moon's South Pole: A Giant Leap for Private Space Exploration Odysseus lands at 'Malapert A' on the south pole of the moon Launched on Friday aboard a SpaceX Falcon 9...will enter orbit on Nov. 21 NASA plans to use data for 'Artemis' project A lunar lander developed by private US space company Intelligent Machines has successfully landed near the south pole of the moon. This makes the United States the first country to successfully land on the moon in half a century...
Putin's Love Life: Rumors Swirl of Romance with Woman 32 Years Younger Russian President Vladimir Putin is allegedly in a relationship with a woman 32 years his junior. The New York Post reported on Nov. 19 (local time) that Putin and Ekaterina Katya Mizulina, the head of the Safe Internet League, have been getting closer lately. Missoulina is a British-born art historian who heads the Safe Internet League, a quasi-governmental organization that helps Russia with censorship. She is the daughter of Elena Mizulina, a pro-Putin hardline Russian lawmaker...
Putin Denies US Claims of Russian Space Nuclear Weapons Deployment "Developing the ability to destroy satellites with nuclear weapons in space" Putin dismisses "no plans to deploy nuclear weapons in space" The United States has informed its allies that Russia may deploy nuclear weapons or simulated warheads in space as early as this year. Russian President Vladimir Putin has dismissed the claims, saying he is "opposed to the deployment of nuclear weapons in space." Russia is developing the ability to destroy satellites with nuclear weapons from space bases, Bloomberg reported Tuesday, citing sources...
China's Entry into the Global Passenger Aircraft Market, Challenging Boeing and Airbus China has thrown down the gauntlet in earnest to the global airliner market, which is dominated by Boeing and Airbus. It is expanding its exports with two mid-size and small airliners, and is expanding the scope of its operations by participating in the air show in Singapore. It has received a whopping 1061 orders from its home country alone. "China's first indigenously produced medium-sized passenger plane, the C919, made its debut at an international air show, attracting attention," according to China's Xinhua News Agency and Hengguoshibo on Tuesday. "It is participating in an air show at Singapore's Changi International Airport."
Home Depot Faces Tough Quarter: Sales Down Again as High Mortgage Rates Impact Demand [AlphaEconomy=(Chicago) Correspondent Kim Jisun] U.S. home equipment provider Home Depot's sales have fallen for five consecutive quarters...
Chinese Coast Guard Conducts Unauthorized Inspection of Taiwanese Cruise Ship 2 Chinese Coast Guard vessels approach Taiwanese cruise ship 14 days Chinese ship capsizes after being chased by Taiwanese Coast Guard China warns it will "intensify patrols in Kinmen Island waters" China's maritime police have boarded a Taiwanese cruise ship without permission near Kinmen Island, the frontline of Taiwan's security, escalating tensions between the two sides...
White House Set to Unleash Major Sanctions Against Russia Over Navalny's Death Ukraine invasion and Navalny's death to be held accountable EU freezes Russian central bank funds likely to be confiscated Russian crude oil cap to be revised downward A major offensive shift ahead of G7 summit The White House has announced that it will announce a package of "major sanctions" against Russia on the 23rd. "The Russian government and President Vladimir Putin are clearly responsible for the death of Alexei Navalny," White House National Security Adviser John Kirby said in an online briefing on Tuesday, according to USA Today and NBC.
Anti-Regime Death Stokes Fear and Protests Ahead of Belarus ElectionIhar Lednik, detained on charges of defaming Lukashenko, dies in prisonFollowing the death of Russia’s Navalny, another anti-regime figure dies in jail in Belarus, a Russian allyCivil control intensifies ahead of the general elections on the 25th Following the death of Alexei Navalny, an enemy of Russian President Vladimir Putin, in prison, another anti-regime figure […]
Chinese Battery Domination Defies U.S. Inflation Reduction Act The U.S. Inflation Reduction Act (IRA), which does not subsidize electric vehicles with Chinese batteries, has been ineffective. Chinese batteries have dominated the market in the U.S. and other parts of the world. To get subsidized, domestic battery companies have to go to North America or the U.S...
Putin's Luxury Gift: North Korea's Kim Jong Un Receives Russian-Made CarNorth Korean leader Kim Jong Un received a car as a gift from Russian President Vladimir Putin. North Korean state-run Korean Central News Agency reported on the 20th that the “Russian-made personal car” sent by President Putin to Secretary Kim was delivered to Party Secretary Park Jong Chon and Deputy Party Leader Kim Yo Jong […]
China's BYD Aims for Luxury Electric Car Market Domination, Eyes TeslaPlans to Launch Various Luxury Models This YearPursuing Brand Value EnhancementDomestic Slowdown Leads to Overseas Strategy, Targeting 400,000 ExportsGlobal Competitors on Edge: “Demise without Trade Barriers” Following its achievement as the world’s top seller of electric cars last year, China’s BYD is setting its sights on the luxury car market this year. According to Bloomberg […]
Riots Erupt as North Korean Workers Protest Unpaid Wages in Chinese Factory TakeoverIt has been reported that an incident occurred last month where 2,000 North Korean workers dispatched to China protested against wage defaults, occupied a factory, and, during the protest, assaulted a managerial staff, leading to his death. According to Yomiuri’s report on the 17th, approximately 2,000 workers dispatched by a trading company under the North […]
Bali's $10 Charge for Foreign Tourists Sparks ControversyBali, Indonesia, has started receiving a “tourist contribution fee” of about $10) per foreign tourist. Exemptions are given to nationals, diplomatic passport holders, airline crew members, and student visa holders. On the 15th, Yonhap News reported, citing the announcement of the Bali provincial government, “From yesterday, we have started imposing a Bali tourism contribution fee […]
Airbnb Surpasses Revenue Expectations, Eyes AI-Powered InnovationsAirbnb, Inc. (ABNB) exceeded revenue expectations for the fourth quarter, but its net loss widened. ABNB’s revenue for the last quarter of last year was $2.22 billion, up 16.6% from the previous year, and adjusted EBITDA increased by 46% to $738 million, surpassing the consensus. The adjusted net income recorded $489 million. However, the net […]
China Mourns Loss of Self-made Billionaire Founder Zong Qinghou, Dies at 79 Self-made Chairman Zong Qinghou of Wahaha died at 79Once the wealthiest businessman in China“A first-generation entrepreneur after China’s reform and opening up” Zong Qinghou, the founder of China’s largest food and beverage company, Wahaha Group, died at the age of 79 on the 25th, according to China Daily. The memorial service will be held in […]
Microsoft's Bing: The Search Engine Apple Just Couldn't Buy US CNBC "2018 MS made acquisition offer to Apple" Google's antitrust complaint reveals 'rebuttal' Apple compares Google and Bing, ultimately chooses Google "Quality search engine, not monopoly" Microsoft (MS) tried to sell its search engine Bing to Apple in 2018, but Apple rejected the offer. This was revealed in an antitrust lawsuit filed by the US Department of Justice against Google...
Trump's Financial Burden Grows: Fine Swells to Over $454 M Delay before $100 million verdict The fine against former U.S. President Donald Trump, who is accused of manipulating the value of real estate to obtain favorable interest-bearing loans and insurance rates, has ballooned to more than $454 million. The final judgment entered by Judge Arthur Engoron of the U.S. District Court for the District of Manhattan in New York City on Friday (local time) set the fine against Trump at a minimum of $454 million, the U.K.'s Guardian reported. This is in addition to the original fine of $354 million, plus $100 million in pre-judgment interest...
Breaking Beauty Stereotypes: 39-Year-Old Activist Crowned Miss Germany Iranian architect and women's rights activist Apameh Söhneur, 39, has been crowned Miss Germany. According to SWR on Aug. 25 (local time), the Iranian architect and women's rights activist was crowned Miss Germany at a pageant in Oirofa Park in Baden-Württemberg, Germany, where she also received the Women Leader Award. Sönauer, who moved to Germany with her parents when she was 6 years old, works as an architect in Berlin. She is an active social activist, founding the women's rights organization Network Sirjan. She is a mother of two...
Iran Supplied Russia with 400 Ballistic Missiles Amid Ukraine Conflict In four shipments with ranges of up to 700 kilometers, Iran has provided ballistic missiles to Russia, which is at war with Ukraine, Reuters reported on April 21 (local time), citing multiple sources. The Iranian ballistic missiles are capable of hitting targets with a range of 300 to 700 kilometers, and the shipment was reportedly about 400 rounds. "The deliveries began earlier this year and have been made in four batches so far," an Iranian military official said, adding that more deliveries are expected in the coming weeks."
Terraform Labs CEO Faces Extradition to U.S., Potential 100-Year Sentence Montenegrin Court Decides to Extradite to the U.S. "Up to 40 years in Korea and over 100 years in the U.S." FTX Founder Sentenced to 115 Years in Prison FTX founder Do-hyung Kwon, who is being held in Montenegro on charges of coin fraud after the Tera-Luna crash shook the virtual asset (cryptocurrency) market, has been extradited to the United States. While Kwon has three days to appeal the decision, it has been argued that he could face more than 100 years in prison if his extradition is confirmed.
Odysseus Lands on Moon's South Pole: A Giant Leap for Private Space Exploration Odysseus lands at 'Malapert A' on the south pole of the moon Launched on Friday aboard a SpaceX Falcon 9...will enter orbit on Nov. 21 NASA plans to use data for 'Artemis' project A lunar lander developed by private US space company Intelligent Machines has successfully landed near the south pole of the moon. This makes the United States the first country to successfully land on the moon in half a century...
Putin's Love Life: Rumors Swirl of Romance with Woman 32 Years Younger Russian President Vladimir Putin is allegedly in a relationship with a woman 32 years his junior. The New York Post reported on Nov. 19 (local time) that Putin and Ekaterina Katya Mizulina, the head of the Safe Internet League, have been getting closer lately. Missoulina is a British-born art historian who heads the Safe Internet League, a quasi-governmental organization that helps Russia with censorship. She is the daughter of Elena Mizulina, a pro-Putin hardline Russian lawmaker...
Putin Denies US Claims of Russian Space Nuclear Weapons Deployment "Developing the ability to destroy satellites with nuclear weapons in space" Putin dismisses "no plans to deploy nuclear weapons in space" The United States has informed its allies that Russia may deploy nuclear weapons or simulated warheads in space as early as this year. Russian President Vladimir Putin has dismissed the claims, saying he is "opposed to the deployment of nuclear weapons in space." Russia is developing the ability to destroy satellites with nuclear weapons from space bases, Bloomberg reported Tuesday, citing sources...
China's Entry into the Global Passenger Aircraft Market, Challenging Boeing and Airbus China has thrown down the gauntlet in earnest to the global airliner market, which is dominated by Boeing and Airbus. It is expanding its exports with two mid-size and small airliners, and is expanding the scope of its operations by participating in the air show in Singapore. It has received a whopping 1061 orders from its home country alone. "China's first indigenously produced medium-sized passenger plane, the C919, made its debut at an international air show, attracting attention," according to China's Xinhua News Agency and Hengguoshibo on Tuesday. "It is participating in an air show at Singapore's Changi International Airport."
Home Depot Faces Tough Quarter: Sales Down Again as High Mortgage Rates Impact Demand [AlphaEconomy=(Chicago) Correspondent Kim Jisun] U.S. home equipment provider Home Depot's sales have fallen for five consecutive quarters...
Chinese Coast Guard Conducts Unauthorized Inspection of Taiwanese Cruise Ship 2 Chinese Coast Guard vessels approach Taiwanese cruise ship 14 days Chinese ship capsizes after being chased by Taiwanese Coast Guard China warns it will "intensify patrols in Kinmen Island waters" China's maritime police have boarded a Taiwanese cruise ship without permission near Kinmen Island, the frontline of Taiwan's security, escalating tensions between the two sides...
White House Set to Unleash Major Sanctions Against Russia Over Navalny's Death Ukraine invasion and Navalny's death to be held accountable EU freezes Russian central bank funds likely to be confiscated Russian crude oil cap to be revised downward A major offensive shift ahead of G7 summit The White House has announced that it will announce a package of "major sanctions" against Russia on the 23rd. "The Russian government and President Vladimir Putin are clearly responsible for the death of Alexei Navalny," White House National Security Adviser John Kirby said in an online briefing on Tuesday, according to USA Today and NBC.
Anti-Regime Death Stokes Fear and Protests Ahead of Belarus Election Ihar Lednik, detained on charges of defaming Lukashenko, dies in prisonFollowing the death of Russia’s Navalny, another anti-regime figure dies in jail in Belarus, a Russian allyCivil control intensifies ahead of the general elections on the 25th Following the death of Alexei Navalny, an enemy of Russian President Vladimir Putin, in prison, another anti-regime figure […]
Chinese Battery Domination Defies U.S. Inflation Reduction Act The U.S. Inflation Reduction Act (IRA), which does not subsidize electric vehicles with Chinese batteries, has been ineffective. Chinese batteries have dominated the market in the U.S. and other parts of the world. To get subsidized, domestic battery companies have to go to North America or the U.S...
Putin's Luxury Gift: North Korea's Kim Jong Un Receives Russian-Made Car North Korean leader Kim Jong Un received a car as a gift from Russian President Vladimir Putin. North Korean state-run Korean Central News Agency reported on the 20th that the “Russian-made personal car” sent by President Putin to Secretary Kim was delivered to Party Secretary Park Jong Chon and Deputy Party Leader Kim Yo Jong […]
China's BYD Aims for Luxury Electric Car Market Domination, Eyes Tesla Plans to Launch Various Luxury Models This YearPursuing Brand Value EnhancementDomestic Slowdown Leads to Overseas Strategy, Targeting 400,000 ExportsGlobal Competitors on Edge: “Demise without Trade Barriers” Following its achievement as the world’s top seller of electric cars last year, China’s BYD is setting its sights on the luxury car market this year. According to Bloomberg […]
Riots Erupt as North Korean Workers Protest Unpaid Wages in Chinese Factory Takeover It has been reported that an incident occurred last month where 2,000 North Korean workers dispatched to China protested against wage defaults, occupied a factory, and, during the protest, assaulted a managerial staff, leading to his death. According to Yomiuri’s report on the 17th, approximately 2,000 workers dispatched by a trading company under the North […]
Bali's $10 Charge for Foreign Tourists Sparks Controversy Bali, Indonesia, has started receiving a “tourist contribution fee” of about $10) per foreign tourist. Exemptions are given to nationals, diplomatic passport holders, airline crew members, and student visa holders. On the 15th, Yonhap News reported, citing the announcement of the Bali provincial government, “From yesterday, we have started imposing a Bali tourism contribution fee […]
Airbnb Surpasses Revenue Expectations, Eyes AI-Powered Innovations Airbnb, Inc. (ABNB) exceeded revenue expectations for the fourth quarter, but its net loss widened. ABNB’s revenue for the last quarter of last year was $2.22 billion, up 16.6% from the previous year, and adjusted EBITDA increased by 46% to $738 million, surpassing the consensus. The adjusted net income recorded $489 million. However, the net […]
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