Russia's Baltika Slaps Carlsberg Subsidiaries with $900 Million Damage ClaimBaltika 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, […]
China's AI Talent is Overtaking the US: Global AI Development Trends Will Be DividedThe race for supremacy in artificial intelligence (AI), led by U.S. tech giants, is being fiercely pursued by China. Despite a gap of over a year in the development of massive AI due to U.S. sanctions on AI semiconductor exports, China is fighting back with a quantity offensive based on its large population. Although most […]
Xiaomi Sparks Electric Car Price War in ChinaXiaomi’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 […]
Tensions Escalate in South China Sea DisputeChinese coast guard fires water cannons at Filipino supply ship on March 23rdTripartite summit scheduled for next month with participation of U.S., Japan, and Philippines Amid escalating tensions with China in the South China Sea, a region marred by territorial sovereignty disputes, the Philippines has called for enhanced maritime security measures from its authorities. According […]
Canada Tightens Review of Foreign Investment in AI and Quantum Computing [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...
U.S., Japan, and South Korea Discuss Joint Response to North Korean Cyber Activities at Washington SummitDiplomats from South Korea, the United States, and Japan gathered in Washington D.C. to discuss joint responses to issues directly linked to North Korea’s nuclear weapons development funds, such as virtual asset hacking. According to a report by Yonhap News on the 30th, the three countries held the Second United States-Japan-Republic of Korea Trilateral Diplomatic Working […]
Xinhua Denies Speculations of Foreign Investment Decline in China [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...
Putin Threatens Retaliation Against Countries Hosting F-16s for UkraineRussian President Vladimir Putin has once again mentioned nuclear weapons concerning the war in Ukraine. According to Russia’s TASS news agency on the 27th (local time), Putin said during a meeting with his country’s fighter pilots, “F-16s that could be provided to Ukraine can carry nuclear weapons, and Russia will take this into account in […]
Nvidia Accelerates New Product Releases, Solidifies AI DominanceNvidia, the global AI leader, is expected to strengthen its dominance in the AI market as the launch cycle of its new products is being shortened. Moon Jun Ho, a researcher at Samsung Securities, believes that “The anticipation of Nvidia’s dominance in the AI market is continuously strengthening due to the shortened new product launch […]
Cocoa Prices Hit Record High, Surpass Copper and BitcoinThe price of cocoa, the primary ingredient in chocolate, has reached an all-time high, surpassing the $9,000 mark for the first time. This surge is attributed to concerns of supply shortages due to reduced production caused by climate change. According to Bloomberg, on the 25th (local time), cocoa futures traded in New York closed at […]
China Challenges U.S. at WTO Over Inflation Reduction ActChina “not environmental protection, but ‘discriminatory law'” China has filed a lawsuit at the World Trade Organization (WTO) against the United States’ Inflation Reduction Act (IRA). According to reports from Yonhap News and the WTO on the 27th, the dispute resolution process began at the WTO following China’s request to rectify the discriminatory subsidy execution […]
Truth Social Listing Rockets Trump's Net Worth to $6.5 BillionNet Worth Surges to Over $6.5 BillionInclusion in Bloomberg Billionaires Index for the First TimeSubstantial Reduction in Court Deposit Related to Real Estate Loans Former U.S. President Donald Trump has made his debut among the world’s top 500 wealthiest individuals, owing to the listing of his social media platform, Truth Social. As reported by Bloomberg […]
U.S., EU on High Alert: Heightened Security Measures Post-Russian 'Terrorism'France Elevates Anti-Terror Alert to Highest LevelPoland, Adjacent to Ukraine, Strengthens SecurityItaly Increases Security Measures Ahead of EasterU.S. Prepares for Potential Cross-Border Terrorists Following the shooting attack by an armed group in Moscow, Russia, the United States and major Western European countries have successively intensified their anti-terrorism security measures. The United States, concerned about terrorist […]
Putin Blames 'Radical Islamists' for Moscow Attack, Points Finger at UkraineRussian President Vladimir Putin acknowledged that the terrorist attack at a concert hall in Moscow was carried out by Islamic extremists but claimed that there is suspicion of Ukrainian involvement. According to Bloomberg News on the 25th (local time), Putin stated at a meeting of the Security Council attended by the investigative authorities and the heads of […]
Saudi Arabia's Ambitious Shift Towards Automated ManufacturingSaudi Arabia is aiming to reduce its dependence on the oil industry and leap towards becoming a powerhouse in automated manufacturing. According to industry sources on the 24th, Saudi Arabia is striving to restructure its industries around future advanced technologies, reducing its reliance on oil, which accounts for 40% of its Gross Domestic Product (GDP) […]
Musk's Effect? X Users Drop 23% Since AcquisitionThe number of social media app users, X (formerly Twitter), for Elon Musk, CEO of Tesla, continues to decrease, NBC reported on the 23rd. According to the mobile app market analysis company Sensor Tower, the average daily active user count of mobile apps in the U.S. last month was around 27 million, showing an approximate […]
Putin Likely to Step Up Offensive in Ukraine After Shocking AttackAt least 133 killed in concert hall terror attackRussia detains 11 suspectsPutin alleges Ukrainian involvement, threatens retaliationZelenskyy and U.S. dismiss potential involvement The world is in shock following a terrorist attack at the Crocus City Hall concert venue in the northwest of Moscow, Russia. There are growing concerns over potential retaliation against Ukraine following President […]
How Did Nvidia Become an AI Chip Powerhouse?Nvidia, a U.S. semiconductor company, is a primary beneficiary of the AI boom. Since early last year, its stock price has surged by about 450%, and its market capitalization has exceeded $2 trillion. Nvidia has now established itself as the third highest-valued company in the U.S., following Microsoft and Apple. Nvidia’s growth is steep. Its […]
'I Played Dead to Live': Survivors Testify Amidst Moscow Terror Attack AftermathThe aftermath of the attack on the Crocus City Hall in Moscow, Russia, on the 22nd (local time), continues to unfold, with hundreds of casualties reported. Survivors from the scene are sharing their experiences. According to The Guardian on the 23rd, Arina, aged 27, from Moscow, said, “We heard loud ‘bangs’ from outside and thought […]
Apple Faces Antitrust Probe from U.S. and EU Authorities, Threatened with SanctionsApple Faces Sanctions from U.S. and European Regulatory AuthoritiesCompeting in the Market with Advanced Technology Apple, the manufacturer of the iPhone, is now under sanctions from U.S. and European regulatory authorities. Apple’s closed ecosystem has come under scrutiny. According to the Financial Times, on the 21st (local time), the U.S. Department of Justice and 16 […]
Russia's Baltika Slaps Carlsberg Subsidiaries with $900 Million Damage Claim 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, […]
China's AI Talent is Overtaking the US: Global AI Development Trends Will Be Divided The race for supremacy in artificial intelligence (AI), led by U.S. tech giants, is being fiercely pursued by China. Despite a gap of over a year in the development of massive AI due to U.S. sanctions on AI semiconductor exports, China is fighting back with a quantity offensive based on its large population. Although most […]
Xiaomi Sparks Electric Car Price War in China 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 […]
Tensions Escalate in South China Sea Dispute Chinese coast guard fires water cannons at Filipino supply ship on March 23rdTripartite summit scheduled for next month with participation of U.S., Japan, and Philippines Amid escalating tensions with China in the South China Sea, a region marred by territorial sovereignty disputes, the Philippines has called for enhanced maritime security measures from its authorities. According […]
Canada Tightens Review of Foreign Investment in AI and Quantum Computing [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...
U.S., Japan, and South Korea Discuss Joint Response to North Korean Cyber Activities at Washington Summit Diplomats from South Korea, the United States, and Japan gathered in Washington D.C. to discuss joint responses to issues directly linked to North Korea’s nuclear weapons development funds, such as virtual asset hacking. According to a report by Yonhap News on the 30th, the three countries held the Second United States-Japan-Republic of Korea Trilateral Diplomatic Working […]
Xinhua Denies Speculations of Foreign Investment Decline in China [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...
Putin Threatens Retaliation Against Countries Hosting F-16s for Ukraine Russian President Vladimir Putin has once again mentioned nuclear weapons concerning the war in Ukraine. According to Russia’s TASS news agency on the 27th (local time), Putin said during a meeting with his country’s fighter pilots, “F-16s that could be provided to Ukraine can carry nuclear weapons, and Russia will take this into account in […]
Nvidia Accelerates New Product Releases, Solidifies AI Dominance Nvidia, the global AI leader, is expected to strengthen its dominance in the AI market as the launch cycle of its new products is being shortened. Moon Jun Ho, a researcher at Samsung Securities, believes that “The anticipation of Nvidia’s dominance in the AI market is continuously strengthening due to the shortened new product launch […]
Cocoa Prices Hit Record High, Surpass Copper and Bitcoin The price of cocoa, the primary ingredient in chocolate, has reached an all-time high, surpassing the $9,000 mark for the first time. This surge is attributed to concerns of supply shortages due to reduced production caused by climate change. According to Bloomberg, on the 25th (local time), cocoa futures traded in New York closed at […]
China Challenges U.S. at WTO Over Inflation Reduction Act China “not environmental protection, but ‘discriminatory law'” China has filed a lawsuit at the World Trade Organization (WTO) against the United States’ Inflation Reduction Act (IRA). According to reports from Yonhap News and the WTO on the 27th, the dispute resolution process began at the WTO following China’s request to rectify the discriminatory subsidy execution […]
Truth Social Listing Rockets Trump's Net Worth to $6.5 Billion Net Worth Surges to Over $6.5 BillionInclusion in Bloomberg Billionaires Index for the First TimeSubstantial Reduction in Court Deposit Related to Real Estate Loans Former U.S. President Donald Trump has made his debut among the world’s top 500 wealthiest individuals, owing to the listing of his social media platform, Truth Social. As reported by Bloomberg […]
U.S., EU on High Alert: Heightened Security Measures Post-Russian 'Terrorism' France Elevates Anti-Terror Alert to Highest LevelPoland, Adjacent to Ukraine, Strengthens SecurityItaly Increases Security Measures Ahead of EasterU.S. Prepares for Potential Cross-Border Terrorists Following the shooting attack by an armed group in Moscow, Russia, the United States and major Western European countries have successively intensified their anti-terrorism security measures. The United States, concerned about terrorist […]
Putin Blames 'Radical Islamists' for Moscow Attack, Points Finger at Ukraine Russian President Vladimir Putin acknowledged that the terrorist attack at a concert hall in Moscow was carried out by Islamic extremists but claimed that there is suspicion of Ukrainian involvement. According to Bloomberg News on the 25th (local time), Putin stated at a meeting of the Security Council attended by the investigative authorities and the heads of […]
Saudi Arabia's Ambitious Shift Towards Automated Manufacturing Saudi Arabia is aiming to reduce its dependence on the oil industry and leap towards becoming a powerhouse in automated manufacturing. According to industry sources on the 24th, Saudi Arabia is striving to restructure its industries around future advanced technologies, reducing its reliance on oil, which accounts for 40% of its Gross Domestic Product (GDP) […]
Musk's Effect? X Users Drop 23% Since Acquisition The number of social media app users, X (formerly Twitter), for Elon Musk, CEO of Tesla, continues to decrease, NBC reported on the 23rd. According to the mobile app market analysis company Sensor Tower, the average daily active user count of mobile apps in the U.S. last month was around 27 million, showing an approximate […]
Putin Likely to Step Up Offensive in Ukraine After Shocking Attack At least 133 killed in concert hall terror attackRussia detains 11 suspectsPutin alleges Ukrainian involvement, threatens retaliationZelenskyy and U.S. dismiss potential involvement The world is in shock following a terrorist attack at the Crocus City Hall concert venue in the northwest of Moscow, Russia. There are growing concerns over potential retaliation against Ukraine following President […]
How Did Nvidia Become an AI Chip Powerhouse? Nvidia, a U.S. semiconductor company, is a primary beneficiary of the AI boom. Since early last year, its stock price has surged by about 450%, and its market capitalization has exceeded $2 trillion. Nvidia has now established itself as the third highest-valued company in the U.S., following Microsoft and Apple. Nvidia’s growth is steep. Its […]
'I Played Dead to Live': Survivors Testify Amidst Moscow Terror Attack Aftermath The aftermath of the attack on the Crocus City Hall in Moscow, Russia, on the 22nd (local time), continues to unfold, with hundreds of casualties reported. Survivors from the scene are sharing their experiences. According to The Guardian on the 23rd, Arina, aged 27, from Moscow, said, “We heard loud ‘bangs’ from outside and thought […]
Apple Faces Antitrust Probe from U.S. and EU Authorities, Threatened with Sanctions Apple Faces Sanctions from U.S. and European Regulatory AuthoritiesCompeting in the Market with Advanced Technology Apple, the manufacturer of the iPhone, is now under sanctions from U.S. and European regulatory authorities. Apple’s closed ecosystem has come under scrutiny. According to the Financial Times, on the 21st (local time), the U.S. Department of Justice and 16 […]
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