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Hyundai's Electric Vehicles Drive Record Sales in U.S. Market 2024.04.03 March performance drives record Q1 sales Hyundai Motor achieved a monthly sales record in the U.S. market last month. This achievement results from focusing on securing local demand for electric vehicles, primarily with brand-specific electric vehicle models like the IONIQ 5. Thanks to last month’s performance, they also set a new record for the highest […]

Hyundai Ioniq 5: Game Changer in U.S. Electric Car Sales 2024.04.03 3,361 units sold in March, a 58% increase compared to last year6,822 units sold in Q1, an 18% increase compared to last yearIoniq 6 and Kona EV joining the lineup to set new records Hyundai Motor Company is gaining prominence in the U.S. electric vehicle (EV) market by showcasing its brand-specific EV models. In particular, […]

Waiting Time for Xiaomi's First Electric Car Extends to Seven Months 2024.04.03 Chinese tech giant Xiaomi’s first electric car, SU7, launched on March 28, is seeing a prolonged waiting period for delivery as the number of orders continues to rise. Customers who order the model now have to wait almost seven months, according to Chinese electric car portal CnEVPost. The outlet reported that the three variations of […]

Airbus Workers in Canada Propose New Deal, Company Willing to Negotiate 2024.04.03 Airbus Canada factory workers are proposing another negotiation. According to an official, amidst declining productivity at the Montreal factory, which is gearing up to increase the assembly of Airbus’s smallest commercial jet, they were considering a new contract proposal by Airbus workers. According to Reuters, Airbus and the union failed to reach an agreement after […]

Google Takes Strict Action Against Celebrity Impersonation Ads 2024.04.02 As the damage from advertisements impersonating celebrities continues, YouTube has prepared a response. Google introduced a new policy on the 28th of last month, altogether banning the impersonation of public figures. Accordingly, they have decided to ban advertisements that unlawfully use the names of celebrities, brands, or organizations, or falsely imply an affiliation to induce […]

Microsoft Breaks Up Office Suite: Teams Available Separately Worldwide 2024.04.02 Microsoft is selling its chat and video application Teams separately. On the 1st, Microsoft announced it would sell Microsoft Teams separately worldwide, six months after separating the two products in Europe to avoid the European Union’s (EU) antitrust fines. According to a Microsoft post, it will introduce new commercial Microsoft 365 and Office 365 suites, […]

Citigroup's NYC Layoffs: 430 Employees to Go in June 2024.04.02 Citigroup is now embarking on a massive layoff in New York. On the 1st, Citigroup announced in documents submitted to the Department of Labor that it would lay off 430 employees across multiple departments in New York. According to the documents, the layoffs will target 363 Citibank employees and include employees from the technology and […]

Gold Hits All-Time High as Investors Bet on US Interest Rate Reduction 2024.04.02 Expectations of an impending interest rate cut by the U.S. Federal Reserve and continued gold demand from China have pushed the international gold price to an all-time high on the 1st. According to Bloomberg, international gold prices rose 1.6% from last Thursday’s close to record an all-time high of $2,265.73 per ounce. Analysts believe that […]

Breakthrough Weight Loss Drug: Viking's VK2735 Shows Promise in Early Tests 2024.04.02 Viking Therapeutics’ weight loss oral drug showed effectiveness in early-stage studies. Viking recently announced their weight loss oral drug VK2735 effectively reduced weight in a small-scale, early-stage study. Viking reported an average weight loss of 3.3% in just 28 days in seven subjects who took the maximum 40mg dosage of VK2735. In addition, Viking stated […]

Russia's Baltika Slaps Carlsberg Subsidiaries with $900 Million Damage Claim 2024.04.02 Baltika and Carlsberg of Russia are currently in a dispute over licensing issues. On the 1st (local time), a Russian court revealed that Baltika Brewery in Russia had claimed damages equivalent to 6.24 billion Danish crowns ($897 million) from four Carlsberg subsidiaries. After Moscow seized and took over Baltika, a subsidiary of Carlsberg in Russia, […]

Xiaomi Sparks Electric Car Price War in China 2024.04.02 Xiaomi’s electric vehicle SU7 priced at around $33,000Price reduction for Nio’s luxury SUV after announcementXiaopeng lowered the price of P7i’s top model The Chinese electric vehicle market has plunged into a full-scale price war. Starting with Xiaomi, competing brands are reducing prices one after another. On the 31st, Yonhap News reported, citing Chinese economic media […]

Europe's Gas Lifeline at Risk: Ukraine Dispute Threatens Supply 2024.04.02 Russia’s state-owned gas company, Gazprom, has supplied more than 40 million cubic meters (1.4 billion cubic feet) of gas to Europe daily. The company has been utilizing the gas pipeline in Sudzha, Ukraine, which has been the only route available since the closure of the Nord Stream pipeline. However, concerns have been raised that the […]

Inside George Soros' Portfolio: His Top 8 Stock Picks 2024.04.02 The top eight stocks held by George Soros, often referred to as a legend in hedge funds, have been revealed. According to Yahoo Finance on the 30th, George Soros’s top eight stocks in his portfolio are Liberty Broadband Corporation, CRH, American Equity Investment Life Holding Company, Amazon, Booking Holdings, Jacobs Solutions, Uber Technologies, and Accenture. […]

9 Noteworthy Stocks in Bill Gates' Portfolio 2024.04.02 Walmart, FedEx, and Schrödinger are included Nine notable stocks from billionaire Bill Gates’ portfolio have been revealed. According to Yahoo Finance on the 30th, the nine stocks are Caterpillar, Deere & Company, Ecolab, Coca-Cola Femsa S.A.B., Walmart, FedEx Corporation, Waste Connections, Schrödinger, and Crown Castle International. Gates holds a stake in Caterpillar, a construction machinery […]

AT&T Resets Passwords for Millions: Customers Alerted to Data Breach 2024.04.01 AT&T has recently begun to notify millions of customers about personal data theft that has been discovered online. AT&T announced on the 30th (local time) that sets of data found on the dark web include personal information such as the social security numbers of about 76 million current AT&T account owners and about 65.4 million […]

Canada Tightens Review of Foreign Investment in AI and Quantum Computing 2024.04.01 [TheGuru=Sungil Hong] The Canadian government is strengthening its review of foreign capital investments. The move is being analyzed as a step in line with the United States' efforts to curb China. According to industry reports on the 31st, the Canadian government has decided to conduct a strict review of foreign investment proposals in sensitive sectors. The Canadian government released a statement to that effect on Sept. 26 (local time). The move is in response to the recent amendments to the Investment Canada Act. The revised Investment Canada Act requires foreign companies that want to acquire companies in sensitive sectors to notify the Canadian government before the deal is finalized. The sensitive sectors identified by the Canadian government include artificial intelligence (AI), quantum computing, and space technology. Under the enhanced measures, the Canadian government can restrict access to foreign investors seeking to acquire companies in these sectors during the review period. Even if the acquisition is finalized, investors may not have access to the acquired company's data and assets. China has been blamed for the Canadian government's tightening of the review process, which had been open to foreign investment. In fact, last year, the Canadian government ordered Chinese investors to divest their stakes in three lithium companies. Industry analysts believe that Canada is following in the footsteps of the United States, which is wary of China's growing influence. The Canadian government has also mentioned the possibility of expanding the scope of the regulation to other sectors in the future, so the scope of the regulation will be closely watched...

Goldman Sachs Predicts $32 Billion Stock Sell-Off by US Pension Funds 2024.04.01 Global investment bank Goldman Sachs has projected a massive stock sell-off by U.S. pension funds, interpreted as a portfolio readjustment. Analysts from Goldman Sachs’ FICC (Fixed Income, Currency, and Commodities) and Equity team stated on the 31st (local time) through an investment note that “We expect pension funds to sell off stocks worth $32 billion […]

Xinhua Denies Speculations of Foreign Investment Decline in China 2024.04.01 [TheGuru=Hong Seong-hwan] China's state-run Xinhua News Agency has refuted speculation that foreign companies are pulling out of China. According to the Korea Institute for Foreign Economic Policy, Xinhua refuted the pullout theory in a commentary on Nov. 21, citing the increasing number of stores in China by large food and beverage companies such as KFC, McDonald's, and Starbucks, Apple's announcement of plans to invest more in the country, GE Healthcare's doubling of R&D investment in China, and AstraZeneca's announcement of a $475 million investment plan. "Foreign capital shows that China is still a fertile ground for foreign investment and business," Xinhua said, "proving that the exaggerated claims by some Western media that there are no more opportunities in the Chinese market are not true." "The State Council issued the 'Action Plan for Expanding the Attraction and Utilization of Foreign Capital through Higher Openness to the World' to expand the market access of foreign capital and increase the degree of freedom for foreign investment, demonstrating China's willingness and action to share development opportunities with the world," Xinhua said. According to the "International Balance of Payments for 2023" released by the State Administration of Foreign Exchange on March 18, foreign direct investment in China totaled $30 billion last year. That's down 82 percent from the previous year. The $27.5 billion was the lowest level since 1993, when it was recorded, Bloomberg analyzed. It's less than a tenth of the $344.1 billion in 2021, when it peaked...

Elon Musk's X Ventures into Adult Content: Testing NSFW Feature 2024.04.01 X (formerly Twitter), a social networking service, is testing a community feature focused on adult content or inappropriate posts that are sexual or violent (Not Safe For Work·NSFW), Bloomberg reported on the 29th. A researcher from Watchful, an app development tracking company, recently revealed screenshots indicating that X is developing this feature. According to Watchful, […]

Adapting to Shifting Consumer Patterns: The Trend Towards Small-Scale Store Expansion in the U.S. 2024.04.01 The retail industry in the United States continues to expand small-scale stores. Analysis suggests that retail companies are responding to changed consumer purchasing patterns amid the COVID-19 pandemic. According to KOTRA, on the 30th, Whole Foods Market, a large organic supermarket chain in the US, plans to open a new small-scale store called Whole Foods […]

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