Boeing's Runway Drama: Plane Lands Without Front Landing GearBoeing has now revealed an issue with the landing gear of its cargo planes. The Turkish Ministry of Transportation announced on the 8th (local time) that a Boeing cargo plane from FedEx Corporation landed at Istanbul Airport without its front landing gear and remained on the tarmac, but no one was injured. According to a […]
Apple Revolutionizes AI With New In-House Chips for Data CentersApple is developing its own AI chip for use in its data centers. The Wall Street Journal reported on the 7th (local time) that Apple is developing a proprietary chip that can run AI software in data centers. The project, internally named the Apple Chips in Data Center (ACDC), has been underway for several years […]
Amazon's Bold Move: Online Shopping Service Launches in South AfricaAmazon has thrown down the gauntlet to many online retailers led by Naspers’s Takealot. Amazon announced on the 7th (local time) that it will launch an online shopping service in South Africa. Amazon Africa will offer same-day and next-day delivery through more than 3,000 pickup points. Shoppers can get free shipping on their first order, […]
South Korean President Yoon Suk Yeol's to Share Plans for the CountryThe South Korean Presidential Office announced that President Yoon Suk Yeol will hold a press conference at 10 a.m. on the 9th to mark his second year in office. At the Presidential Office building in Yongsan, Seoul, spokesperson Kim Soo Kyung conveyed during a briefing, “President Yoon Suk Yeol plans to hold his second press […]
NewJeans' 'Bubble Gum' Blows Up on Global Music SceneThe girl group NewJeans’ latest single, “Bubble Gum,” has again proven its influence in the music market by achieving notable success on YouTube. On the 6th, Their agency ADOR announced that the “Bubble Gum” music video had reached the top ranks of various domestic and international YouTube weekly charts. Specifically, the ‘Bubble Gum’ music video […]
Spirit Airlines' Second-Quarter Outlook Falls Below Expectations[Alpha Economy: (Chicago) Special Correspondent Paul Lee] Spirit Airlines' second-quarter revenue ou ...
North Korea Dominates South in AFC U-17 Women's Soccer MatchSouth Korea suffered a crushing defeat in the opening match of the 2024 Asian Football Confederation (AFC) U-17 Women’s Asian Cup, unable to close the gap. The national team, led by head coach Kim Eun Jung, was utterly defeated 0-7 by North Korea in the first Group A match held at the United Training Center […]
Giants' Jung Hoo Lee Makes Waves with Impressive Hits Against Phillies' Top PitcherSan Francisco Giants outfielder Jung Hoo Lee has caught attention after successfully hitting against the Phillies' ...
U.S. Oil Reserves at Highest Since February, Prices RecoverOn the 2nd (local time), oil prices partially recovered losses after the US crude oil inventory significantly increased, boosting supply. July Brent crude traded at the $84 per barrel line, the lowest since mid-March, while West Texas Intermediate crude rose above $80. Commodity prices, including oil, became more attractive as the dollar value plummeted after […]
Cutting Off Russia's War Machine: U.S. Bans Uranium ImportsThe United States continues to disrupt Russia, which is at war with Ukraine. On the 1st, the U.S. Senate announced that it had approved a bill banning the import of Russian uranium. The House of Representatives passed the bill last December and unanimously approved by the Senate with no opposition. Uranium is used to supply […]
Amazon's AI Investment Pays Off with Record ProfitsAmazon’s first-quarter results exceeded market expectations. Amazon’s first quarter revenues in 2024 amounted to $143.3 billion, a 12.5% increase from the previous year, surpassing the consensus by 0.5%. Operating profit soared 220.6% to $15.3 billion, beating the consensus by 35.9%. Earnings Per Share (EPS) exceeded expectations by 16.4% at $0.98. The rise in profitability of […]
Microsoft's Next Move: Data Center Launches in ThailandMicrosoft is set to establish a data center in Thailand. On the first of the month, Microsoft announced it would open its first regional data center in Thailand to enhance the availability of its cloud services. This news came just a day after Satya Nadella, the CEO of Microsoft Corporation, announced a $1.7 billion investment […]
Elon Musk's Secret Trip to Beijing: A Game Changer for Tesla?CEO Elon Musk has secretly headed to Beijing. According to Reuters, on the 28th, Elon Musk plans to meet with high-ranking officials in Beijing, China, to discuss the Full Self-Driving (FSD) software launch in the country. He also aims to gain approval to transfer data collected in China to train algorithms necessary for Tesla’s autonomous […]
Delta Plane Drops Emergency Slide, Returns to JFKDelta Air Lines Boeing 767 passenger plane made a U-turn in mid-flight when an emergency slide fell off. According to the AP on the 27th (local time), shortly after taking off from New York on Friday, Delta Air Lines passenger plane pilots felt vibrations when an emergency slide fell off, and they turned back to […]
EU vs. Russia: Kremlin Stands Firm Against Sanctions on LNG TradeRussia has shown the will to overcome the sanctions imposed by the European Union (EU). The Kremlin in Russia announced on the 27th that it would find a way to overcome the illegal sanctions imposed by the EU on the liquefied natural gas (LNG) business. An EU official announced last Thursday that the EU Executive […]
Mercedes-Benz Cleared of Diesel Scandal by DOJMercedes-Benz Group AG has successfully shaken off allegations of diesel emission manipulation. The U.S. Department of Justice (DOJ) announced on the 27th that it had concluded its investigation into the Mercedes-Benz diesel emission scandal and found no further allegations. Renata Jungo Brüngger, a member of the board responsible for integrity, governance, and sustainability at Mercedes-Benz, […]
Maersk's Strategic $600 Million Bet on Nigeria's PortsDenmark’s shipping company, A.P. Moller-Maersk Group, plans to invest in Nigeria. On the 28th, Maersk announced that it would invest $600 million in Nigeria’s port infrastructure. The investment decision was made when Maersk’s Chairman, Robert Maersk Uggla, met with Nigeria’s President Bola Tinubu at the World Economic Forum conference held in Saudi Arabia. Uggla stated, […]
US Government Backs Micron with Massive $6.1B for Chip ManufacturingMicron Technology, a memory chip manufacturer, is set to receive subsidies from the U.S. government. On the 25th (local time), the U.S. government announced that it plans to provide $6.1 billion in subsidies and up to $7.5 billion in loans to aid the construction of Micron Technology’s new U.S. factory as part of a significant federal […]
New Leadership Takes Helm at JP Morgan Chase ChinaThe head of JP Morgan Chase’s China branch has been replaced after ten years. According to a statement from JP Morgan Chase on the 23rd (local time), Lu Fang has been appointed as the chairman of the investment banking division in China. In addition, Greg Yu, who was the vice president of JP Morgan Securities […]
AppleTV Plus Nears FIFA Club World Cup Broadcasting AgreementApple is expanding the service area of its online streaming service, Apple TV Plus. The New York Times (NYT) reported on April 22 that the International Football Federation (FIFA) has almost finished negotiations with Apple for the global TV broadcasting rights of the new FIFA Club World Cup for a month. According to insiders, Apple’s […]
Boeing's Runway Drama: Plane Lands Without Front Landing Gear Boeing has now revealed an issue with the landing gear of its cargo planes. The Turkish Ministry of Transportation announced on the 8th (local time) that a Boeing cargo plane from FedEx Corporation landed at Istanbul Airport without its front landing gear and remained on the tarmac, but no one was injured. According to a […]
Apple Revolutionizes AI With New In-House Chips for Data Centers Apple is developing its own AI chip for use in its data centers. The Wall Street Journal reported on the 7th (local time) that Apple is developing a proprietary chip that can run AI software in data centers. The project, internally named the Apple Chips in Data Center (ACDC), has been underway for several years […]
Amazon's Bold Move: Online Shopping Service Launches in South Africa Amazon has thrown down the gauntlet to many online retailers led by Naspers’s Takealot. Amazon announced on the 7th (local time) that it will launch an online shopping service in South Africa. Amazon Africa will offer same-day and next-day delivery through more than 3,000 pickup points. Shoppers can get free shipping on their first order, […]
South Korean President Yoon Suk Yeol's to Share Plans for the Country The South Korean Presidential Office announced that President Yoon Suk Yeol will hold a press conference at 10 a.m. on the 9th to mark his second year in office. At the Presidential Office building in Yongsan, Seoul, spokesperson Kim Soo Kyung conveyed during a briefing, “President Yoon Suk Yeol plans to hold his second press […]
NewJeans' 'Bubble Gum' Blows Up on Global Music Scene The girl group NewJeans’ latest single, “Bubble Gum,” has again proven its influence in the music market by achieving notable success on YouTube. On the 6th, Their agency ADOR announced that the “Bubble Gum” music video had reached the top ranks of various domestic and international YouTube weekly charts. Specifically, the ‘Bubble Gum’ music video […]
Spirit Airlines' Second-Quarter Outlook Falls Below Expectations [Alpha Economy: (Chicago) Special Correspondent Paul Lee] Spirit Airlines' second-quarter revenue ou ...
North Korea Dominates South in AFC U-17 Women's Soccer Match South Korea suffered a crushing defeat in the opening match of the 2024 Asian Football Confederation (AFC) U-17 Women’s Asian Cup, unable to close the gap. The national team, led by head coach Kim Eun Jung, was utterly defeated 0-7 by North Korea in the first Group A match held at the United Training Center […]
Giants' Jung Hoo Lee Makes Waves with Impressive Hits Against Phillies' Top Pitcher San Francisco Giants outfielder Jung Hoo Lee has caught attention after successfully hitting against the Phillies' ...
U.S. Oil Reserves at Highest Since February, Prices Recover On the 2nd (local time), oil prices partially recovered losses after the US crude oil inventory significantly increased, boosting supply. July Brent crude traded at the $84 per barrel line, the lowest since mid-March, while West Texas Intermediate crude rose above $80. Commodity prices, including oil, became more attractive as the dollar value plummeted after […]
Cutting Off Russia's War Machine: U.S. Bans Uranium Imports The United States continues to disrupt Russia, which is at war with Ukraine. On the 1st, the U.S. Senate announced that it had approved a bill banning the import of Russian uranium. The House of Representatives passed the bill last December and unanimously approved by the Senate with no opposition. Uranium is used to supply […]
Amazon's AI Investment Pays Off with Record Profits Amazon’s first-quarter results exceeded market expectations. Amazon’s first quarter revenues in 2024 amounted to $143.3 billion, a 12.5% increase from the previous year, surpassing the consensus by 0.5%. Operating profit soared 220.6% to $15.3 billion, beating the consensus by 35.9%. Earnings Per Share (EPS) exceeded expectations by 16.4% at $0.98. The rise in profitability of […]
Microsoft's Next Move: Data Center Launches in Thailand Microsoft is set to establish a data center in Thailand. On the first of the month, Microsoft announced it would open its first regional data center in Thailand to enhance the availability of its cloud services. This news came just a day after Satya Nadella, the CEO of Microsoft Corporation, announced a $1.7 billion investment […]
Elon Musk's Secret Trip to Beijing: A Game Changer for Tesla? CEO Elon Musk has secretly headed to Beijing. According to Reuters, on the 28th, Elon Musk plans to meet with high-ranking officials in Beijing, China, to discuss the Full Self-Driving (FSD) software launch in the country. He also aims to gain approval to transfer data collected in China to train algorithms necessary for Tesla’s autonomous […]
Delta Plane Drops Emergency Slide, Returns to JFK Delta Air Lines Boeing 767 passenger plane made a U-turn in mid-flight when an emergency slide fell off. According to the AP on the 27th (local time), shortly after taking off from New York on Friday, Delta Air Lines passenger plane pilots felt vibrations when an emergency slide fell off, and they turned back to […]
EU vs. Russia: Kremlin Stands Firm Against Sanctions on LNG Trade Russia has shown the will to overcome the sanctions imposed by the European Union (EU). The Kremlin in Russia announced on the 27th that it would find a way to overcome the illegal sanctions imposed by the EU on the liquefied natural gas (LNG) business. An EU official announced last Thursday that the EU Executive […]
Mercedes-Benz Cleared of Diesel Scandal by DOJ Mercedes-Benz Group AG has successfully shaken off allegations of diesel emission manipulation. The U.S. Department of Justice (DOJ) announced on the 27th that it had concluded its investigation into the Mercedes-Benz diesel emission scandal and found no further allegations. Renata Jungo Brüngger, a member of the board responsible for integrity, governance, and sustainability at Mercedes-Benz, […]
Maersk's Strategic $600 Million Bet on Nigeria's Ports Denmark’s shipping company, A.P. Moller-Maersk Group, plans to invest in Nigeria. On the 28th, Maersk announced that it would invest $600 million in Nigeria’s port infrastructure. The investment decision was made when Maersk’s Chairman, Robert Maersk Uggla, met with Nigeria’s President Bola Tinubu at the World Economic Forum conference held in Saudi Arabia. Uggla stated, […]
US Government Backs Micron with Massive $6.1B for Chip Manufacturing Micron Technology, a memory chip manufacturer, is set to receive subsidies from the U.S. government. On the 25th (local time), the U.S. government announced that it plans to provide $6.1 billion in subsidies and up to $7.5 billion in loans to aid the construction of Micron Technology’s new U.S. factory as part of a significant federal […]
New Leadership Takes Helm at JP Morgan Chase China The head of JP Morgan Chase’s China branch has been replaced after ten years. According to a statement from JP Morgan Chase on the 23rd (local time), Lu Fang has been appointed as the chairman of the investment banking division in China. In addition, Greg Yu, who was the vice president of JP Morgan Securities […]
AppleTV Plus Nears FIFA Club World Cup Broadcasting Agreement Apple is expanding the service area of its online streaming service, Apple TV Plus. The New York Times (NYT) reported on April 22 that the International Football Federation (FIFA) has almost finished negotiations with Apple for the global TV broadcasting rights of the new FIFA Club World Cup for a month. According to insiders, Apple’s […]
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