Business World News

Seoul, Jan 2: South Korea's central bank will be flexible in cutting its key rates down the road amid political turmoil and a slowdown, its chief said on Thursday.

Seoul, Jan 2: Jeju Air Co. on Thursday said it plans to reduce flight operations as early as next week in response to growing concerns over the safety of flights operated by the leading low-cost carrier in the wake of this week's fatal crash.

Seoul, Jan 2: Concerns over maintenance challenges by low-cost carriers (LCCs) have surfaced following the Jeju Air tragedy, according to industry watchers on Thursday, with data showing heavy overseas reliance for critical aircraft repairs, such as engine repairs.

Seoul, Jan 2: LG Electronics said on Thursday it plans to introduce its new mobility experience (MX) platform at the upcoming consumer electronics show (CES) 2025, showcasing how artificial intelligence and Internet of Things (IoT) technologies can transform cars into personalised, multifunctional spaces.

Seoul, Jan 1: Exports of Korean snacks and beverages have risen sharply last year, driven by the growing global popularity of Korean cuisine, government data showed on Wednesday.

Seoul, Jan 1: South Korea's exports advanced 8.2 per cent on-year in 2024 to set a new annual record on robust shipments of semiconductors, data showed on Wednesday.

Luanda, Jan 1: Angola's average daily oil production reached 1.134 million barrels in the first three quarters of 2024, increasing by 4 per cent compared to the same period last year, according to data from Angola's National Petroleum, Gas and Biofuels Agency (ANPG).

Washington, December 31: Apple is reportedly considering a major change for its upcoming iPhone 17 series by bringing its high-refresh-rate OLED displays, currently exclusive to the "Pro" models, to the entire lineup.

Tel Aviv, December 29: The Fuel and Gas Administration at Israel's Ministry of Energy and Infrastructure announced that at midnight between Tuesday and Wednesday January 1, 2025, the prices of fuel products that are under supervision and sold to consumers at gas stations will be increased.

Mumbai, December 29: As we are inching closer to the new calendar year and month, the market participants in the Indian stock market will closely watch auto sales data, foreign institutional investments (FIIs) flows and currency movement, the upcoming earnings season, the Union Budget, and the inauguration of President-elect Donald Trump, as per the market analysts.

Moscow, December 29: Gazprom announced that it will reduce natural gas supplies to Moldova to zero starting January 1, 2025, citing contract violations and the Moldovan government's failure to settle debts for gas deliveries, state agency TASS reported.

Colombo, Dec 28: The Cinnamon Development Department of Sri Lanka aims to double the country's annual cinnamon export revenue to $500 million in the next few years, up from the current $250 million.

Kathmandu, December 28: Trial to import petroleum products from India via the expanded Motihari-Amlekhgunj pipeline following the completion of its infrastructure enhancement has started from Saturday.

New Delhi, December 28: External Affairs Minister S Jaishankar expressed his grief over the passing of former Suzuki Motor Corporation President, Chairman, and CEO Osamu Suzuki. Jaishankar highlighted how Suzuki's leadership revolutionized auto-making in India and transformed India-Japan ties.

TORONTO: Extra virgin olive oil isn't just a kitchen staple; it's a culinary hero! Celebrated around the world, especially in Mediterranean cuisine, this liquid gold is a key player in enhancing flavors and elevating dishes.

ENGLEWOOD CLIFFS: Dove and Crumbl have teamed up for the most craveable collab of the year: the NEW limited-edition Dove x Crumbl collection, available exclusively at Walmart.com and in Walmart stores nationwide for a limited time only.

SANTA MONICA, Calif: TrueCar, Inc. (NASDAQ: TRUE), the most trusted automotive digital marketplace, awarded a new vehicle to Army veteran Yusuf Henriques of Alexandria, Virginia.

LOS ANGELES: CASEKOO, a trailblazer in premium smartphone accessories, is proud to announce the unveiling of its highly anticipated new X Series phone cases, breathing new life into the smartphone accessories market. These special-edition products feature a unique "RoseParade" theme, masterfully combining the brand's innovative concept with the romantic vibe of the holiday season.

TORONTO: Get ready for double the fun! Blazesoft Group is thrilled to announce the expansion of its newest online social gaming platform, Yay Casino. Just in time for the holiday season, it is introducing two exciting verticals to enhance the casino-style experience.

SLIEMA, Malta: Casinofy.com, a leading platform for online casino insights, has announced partnerships with prominent sweepstakes gaming brands.

ST. JULIAN'S, Malta: CasinoTopsOnline, an industry-leading iGaming affiliate website, has officially launched its brand-new and innovative ranking system, TopsRank. This new system has been designed to offer players a clear, comprehensive and localised overview of online casinos, ensuring complete transparency in each review.

TORONTO: Sportzino.com, a premier online social casino and social sportsbook with sweepstakes elements, is celebrating its first anniversary. Since its launch in December 2023, Sportzino has been a one-stop destination for endless social gaming entertainment.

FT. LAUDERDALE, Fla: Princess Cruises has launched the Dine Line (1-833-805-DINE), a new 24/7 service designed to make access to dining reservations aboard the Love Boat more convenient than ever.

WHEATLAND, Calif: Hard Rock® is thrilled to announce that today it was named #1 and #5 in the Newsweek Top 10 Readers' Choice Best Casinos with Live Entertainment in the U.S. Newsweek describes this award as "…some of the best live entertainment options at casinos from around the country for when you need a break from the gambling floor."

New Delhi, Dec 27: Prime Minister Narendra Modi on Friday expressed deep grief over the demise of Suzuki Motor Corp’s patriarch and long-time chairman Osamu Suzuki and extended his condolences to his family and colleagues.

Washington, December 27: Apple has unveiled a fresh advertisement aimed at encouraging users to stick to their 2025 fitness resolutions with the Apple Watch Series 10.

Seoul, Dec 27: The South Korean currency dipped further against the US dollar to its lowest level in nearly 16 years on Friday amid a deepening political crisis and growth woes.

Seoul, Dec 26: A member of the United States Congress has expressed concerns over private equity firm MBK Partners Ltd's takeover bid for Korea Zinc, together with its biggest shareholder, Young Poong Corp, due to critical minerals' supply chain issues, the zinc company said on Thursday.

Jerusalem, December 25: The Bank of Israel reported that in the third quarter of 2024, the balance of the public's financial assets portfolio increased by approximately 221.7 billion Shekels (USD 61 billion) - 3.9 per cent - to about 6 trillion Shekels (USD 1.63 trillion).

Cairo, December 25: The International Monetary Fund (IMF) has announced an agreement with Egypt to unlock approximately USD 1.2 billion in funding to support the country's struggling finances, Al Jazeera reported on Wednesday.

Washington, December 25: Samsung has teamed up with SEGA to release a new line of highly durable microSD cards themed around the popular Sonic the Hedgehog franchise.

Washington, December 25: Apple has confirmed that the upcoming iOS 18.2.1 update is in the works for iPhone users, with a build number of 22C161 now revealed.

Seoul, Dec 25: South Korea's central bank said on Wednesday it plans to cut its benchmark interest rate further next year due to growing political uncertainties and other downside risks.

Seoul, Dec 24: Seoul shares closed nearly flat on Tuesday as investors stayed on the sidelines ahead of Christmas, with the US consumer confidence index for this month showing signs of contraction.

Washington, Dec 23: Criticising the US Department of Justice (DoJ) lawsuit and its “overbroad proposal”, Google on Monday said that before it appeals in court, the company has filed its own remedies proposal, based on the actual findings in the court's decision.

New Delhi, Dec 23: Tech billionaire Elon Musk has raised prices of its top-tier subscription service (Premium+) for his X social media platform by a massive 35 per cent for both new and existing users in India, including across global markets.

Seoul, Dec 23: South Korean companies pointed to heated global competition amid China's cheap exports as a major source of concern for their businesses next year, which is feared to affect them more than US President-elect Donald Trump's tariff policies, a central bank report showed on Monday.

Washington, December 22: OnePlus is set to launch its next-generation smartwatch, the OnePlus Watch 3, alongside the OnePlus 13 and OnePlus 13R on January 7, 2024.

Washington, December 20: In a significant shift, Apple has officially stopped supporting iCloud backups for iPhones and iPads running iOS 8 or earlier.

Seoul, Dec 20: South Korea's Hanwha Group said on Friday it has completed a $100 million acquisition of Philly Shipyard, a leading US shipbuilder for commercial and government projects.

Berlin, Dec 20: Companies in Germany are scaling back workforce plans in response to a stagnant economy and sluggish demand across most sectors, according to a monthly survey released by the ifo Institute for Economic Research.

Seoul, Dec 20: LG Energy Solution Ltd (LGES), South Korea's leading battery maker, said on Friday its US unit has signed a multi-year deal to supply energy storage systems (ESS) to a local renewable energy infrastructure investor.

Los Angeles, Dec 19: Amazon workers from many warehouses in the United States have announced a strike beginning Thursday after they failed to reach an agreement on labour negotiations with the online retail giant.

By Stephan G, New Jersey, December 19: YouTube channel Munnottu, known for its inspiring next-generation music, has released a cheerful and uplifting new Christmas single just in time for the holidays.

Seoul, Dec 16: Maeil Dairies, a major dairy product manufacturer, on Monday issued an apology over an accident involving the mixing of cleaning solution in one of its sterilized milk products during production.

Tokyo, Dec 13: The Bank of Japan (BOJ) survey released on Friday revealed mixed business sentiment among Japan's large companies, with manufacturers showing signs of recovery and non-manufacturers facing notable challenges.

Seoul, Dec 13: South Korean tech giant Samsung Electronics said on Friday it will launch an "extended reality" (XR) headset jointly developed with Alphabet’s Google and Qualcomm in global markets next year.

Frankfurt, Dec 12: The European Central Bank (ECB) decided on Thursday to cut its key interest rates by 25 basis points at its rate-setting meeting.

Phnom Penh, Dec 12: Cambodia made $568 million in revenue from exports of natural rubber latex in the first 11 months of 2024, up by 26.7 per cent over the same period last year, said an official report on Thursday.

Seoul, Dec 12: Korean Air, South Korea's biggest airline, has successfully integrated local rival Asiana Airlines as a subsidiary, wrapping up a years-long acquisition process, the company said on Thursday.

California, December 12: Meta on late Thursday night confirmed that a technical issue is "impacting some users' ability" globally to access its suite of applications: WhatsApp, Instagram, and Facebook.

Havana, Dec 11: Cuba 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.

Seoul, Dec 11: Yann 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 governments not to make laws that will hinder the development of the technology.

Seoul, Dec 11: A 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 protracted merger deal first announced four years ago.

Seoul, Dec 10: The 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 safety standards.

Seoul, Dec 10: New 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 fiasco.

London, Dec 10: If 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 fierce competition.

Seoul, Dec 9: Three 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 rivals, industry data showed on Monday.

Doha, Dec 8: Sanctions 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.

Seoul, Dec 8: The 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 law has affected sentiment, data showed on Sunday.