Biden Targets Unfair Chinese Trade Practices with New Tariff PolicyAs early as the 14th, Biden announced directlyIncluding electric vehicles, batteries, semiconductors ...
Boeing's Problems Impact Lufthansa's Business: CEO Speaks Out[Alphabiz=(Madrid) Special Correspondent Shin Jung-hoon] Recently, Germany's Lufthansa publicly ...
Tesla's China Sales Dip: What's Behind the Drop in April Figures?Tesla's retail sales in China in April were 31,421 units, down 21.4 percent from a year ago. Based o ...
Kashmir's Economic Crisis Sparks Protests: One Officer Dead, Dozens InjuredKashmir is facing its worst economic crisis. According to a local official on the 12th, in Pakistan- ...
Electric Vehicle Fires on the Rise: Is Your Car Safe?The soaring popularity of EVs coincides with a more than six times increase in the number of electri ...
Shaky Skies: Boeing's Recent String of Aircraft Malfunctions Raises ConcernsThe world’s largest aircraft manufacturer, the American Boeing Company, has recently been plagued by a series of aircraft malfunctions. Controversy arose when an employee from a supplier claimed that they found “200 defects in airplane parts.” According to CNN on the 8th (local time), a Boeing 767 cargo plane belonging to the FedEx Express made […]
BP Eyes Acquisition of Tesla's Supercharger NetworkBritish Petroleum (BP), Britain’s largest and the world’s second-largest oil refiner, has expressed its intent to acquire Tesla’s electric vehicle charging station network, the Supercharger division. According to Bloomberg on the 9th (local time), BP announced that it is currently negotiating with Tesla to purchase its charging station network. Last week, Tesla laid off 500 […]
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 […]
US Moves to Tighten Investment Restrictions on Chinese Tech FirmsAs the U.S. government aims to fully control the flow of American capital and technology into China’s advanced technology sector, regulations restricting investments in China are expected to be completed within the year. According to Reuters on the 8th (local time), Secretary of Commerce Gina Raimondo said at a House hearing that the Treasury Department […]
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, […]
Spirit Airlines' Second-Quarter Outlook Falls Below Expectations[Alpha Economy: (Chicago) Special Correspondent Paul Lee] Spirit Airlines' second-quarter revenue ou ...
Is China's E-commerce Dominance a Threat to Amazon and Walmart?Chinese e-commerce companies are increasing their influence in the global market. According to the Korea Institute for International Economic Policy on the 6th, German market research firm Statista analyzed that Chinese e-commerce companies are leading the global market. Citing e-commerce research firm eCommerce DB, Statista reported that based on B2C e-commerce sales, China’s online retail […]
Tesla Pulls the Plug on Rapid Charging Division Amid EV Sales SlumpDue to declining electric vehicle sales, Tesla has shut down the division responsible for its rapid charging stations. The company will continue to operate but is expected to curb new investments, prioritizing enhancing the operation rate of existing facilities for the time being. As of the end of March, Tesla had approximately 60,000 rapid chargers […]
American TikTok Sellers Reach Half a Million Despite Potential BanWhile the U.S. political community passed a bill to force the sale of TikTok, a Chinese video platform, it was announced that the number of American sellers registered on TikTok’s e-commerce platform exceeded 500,000. As the bill’s implementation approaches, it is analyzed that TikTok is expanding its influence in the U.S., especially among the younger […]
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 […]
Apple vs Google: Battle for AI Supremacy Heats UpApple, having a reputation for being late to step into the Artificial Intelligence (AI) industry, has been revealed to be making efforts to strengthen its AI capabilities by actively recruiting AI talents from Google and establishing a secret research lab in Zurich, Switzerland. On the 30th of last month, the Financial Times (FT) reported that […]
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 […]
China Welcomes Korean Companies' Investment Expansion: SK Group's CommitmentAccording to Xinhua News Agency, a Chinese state-run media, Chey Tae-won, chairman of SK Group, met with He Lifeng, Chinese Vice Premier He Lifeng, on the 29th and promised to continue investing in China. Chey, who also serves as chairman of the Korean Chamber of Commerce and Industry, met with He, who was considered to […]
Biden Targets Unfair Chinese Trade Practices with New Tariff Policy As early as the 14th, Biden announced directlyIncluding electric vehicles, batteries, semiconductors ...
Boeing's Problems Impact Lufthansa's Business: CEO Speaks Out [Alphabiz=(Madrid) Special Correspondent Shin Jung-hoon] Recently, Germany's Lufthansa publicly ...
Tesla's China Sales Dip: What's Behind the Drop in April Figures? Tesla's retail sales in China in April were 31,421 units, down 21.4 percent from a year ago. Based o ...
Kashmir's Economic Crisis Sparks Protests: One Officer Dead, Dozens Injured Kashmir is facing its worst economic crisis. According to a local official on the 12th, in Pakistan- ...
Electric Vehicle Fires on the Rise: Is Your Car Safe? The soaring popularity of EVs coincides with a more than six times increase in the number of electri ...
Shaky Skies: Boeing's Recent String of Aircraft Malfunctions Raises Concerns The world’s largest aircraft manufacturer, the American Boeing Company, has recently been plagued by a series of aircraft malfunctions. Controversy arose when an employee from a supplier claimed that they found “200 defects in airplane parts.” According to CNN on the 8th (local time), a Boeing 767 cargo plane belonging to the FedEx Express made […]
BP Eyes Acquisition of Tesla's Supercharger Network British Petroleum (BP), Britain’s largest and the world’s second-largest oil refiner, has expressed its intent to acquire Tesla’s electric vehicle charging station network, the Supercharger division. According to Bloomberg on the 9th (local time), BP announced that it is currently negotiating with Tesla to purchase its charging station network. Last week, Tesla laid off 500 […]
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 […]
US Moves to Tighten Investment Restrictions on Chinese Tech Firms As the U.S. government aims to fully control the flow of American capital and technology into China’s advanced technology sector, regulations restricting investments in China are expected to be completed within the year. According to Reuters on the 8th (local time), Secretary of Commerce Gina Raimondo said at a House hearing that the Treasury Department […]
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, […]
Spirit Airlines' Second-Quarter Outlook Falls Below Expectations [Alpha Economy: (Chicago) Special Correspondent Paul Lee] Spirit Airlines' second-quarter revenue ou ...
Is China's E-commerce Dominance a Threat to Amazon and Walmart? Chinese e-commerce companies are increasing their influence in the global market. According to the Korea Institute for International Economic Policy on the 6th, German market research firm Statista analyzed that Chinese e-commerce companies are leading the global market. Citing e-commerce research firm eCommerce DB, Statista reported that based on B2C e-commerce sales, China’s online retail […]
Tesla Pulls the Plug on Rapid Charging Division Amid EV Sales Slump Due to declining electric vehicle sales, Tesla has shut down the division responsible for its rapid charging stations. The company will continue to operate but is expected to curb new investments, prioritizing enhancing the operation rate of existing facilities for the time being. As of the end of March, Tesla had approximately 60,000 rapid chargers […]
American TikTok Sellers Reach Half a Million Despite Potential Ban While the U.S. political community passed a bill to force the sale of TikTok, a Chinese video platform, it was announced that the number of American sellers registered on TikTok’s e-commerce platform exceeded 500,000. As the bill’s implementation approaches, it is analyzed that TikTok is expanding its influence in the U.S., especially among the younger […]
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 […]
Apple vs Google: Battle for AI Supremacy Heats Up Apple, having a reputation for being late to step into the Artificial Intelligence (AI) industry, has been revealed to be making efforts to strengthen its AI capabilities by actively recruiting AI talents from Google and establishing a secret research lab in Zurich, Switzerland. On the 30th of last month, the Financial Times (FT) reported that […]
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 […]
China Welcomes Korean Companies' Investment Expansion: SK Group's Commitment According to Xinhua News Agency, a Chinese state-run media, Chey Tae-won, chairman of SK Group, met with He Lifeng, Chinese Vice Premier He Lifeng, on the 29th and promised to continue investing in China. Chey, who also serves as chairman of the Korean Chamber of Commerce and Industry, met with He, who was considered to […]
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