Tag: Business
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South Korea’s Lee says success of business should be shared, plans surplus tax revenue use
SEOUL, June 8 : South Korean President Lee Jae Myung said on Monday the gains of business success should be shared throughout society and the government will devise a plan to effectively use the surplus tax revenues generated from the country’s semiconductor sector.Lee was speaking at a news conference markin
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South Korea’s Naver to build gigawatt-scale AI factories using Nvidia technology
SEOUL, June 8 : Nvidia said on Monday that South Korean internet conglomerate Naver would use its technology to build AI factories at gigawatt scale to meet rising global demand for AI services and physical AI.The project is aimed at serving growing global demand for AI services and physical AI applications,
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Nvidia announces deals with South Korea’s SK Hynix, Naver and Doosan for AI data centres
(Corrects key words for media clients to NVIDIA-SOUTHKOREA/ from NVIDIA-SOUTH KOREA/)By Heekyong YangSEOUL, June 8 : Nvidia on Monday announced deals with South Korea’s SK Hynix, Naver and Doosan Group to build AI data centres and use the U.S. chip firm’s technology, as it looks to continue driving th
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Japan’s economy cools on weak capex in Q1, revised data shows
TOKYO, June 8 : Japan’s economy lost momentum in the January-March quarter from the previous three months over sluggish capital expenditure, revised gross domestic product (GDP) data showed on Monday, pointing to challenges ahead due to the Middle East conflict.The GDP figures released by the Cabinet Office
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Oil prices rise more than $2 on Israel strikes on Lebanon
BEIJING, June 8 : Oil prices were up more than $2 a barrel in early trading on Monday after Israel on Sunday launched strikes on the Beirut area for the first time since the U.S. announced a ceasefire plan for Lebanon.U.S. crude futures were up $2.57 at $93.11 per barrel as of 2215 GMT, while…
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OPEC+ approves fourth oil output quota hike since Hormuz closure
On Sunday, the seven members decided to increase targets by 188,000 bpd from July, OPEC said in a statement.
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Cathay Pacific plans more aircraft orders across fleet, CEO says
RIO DE JANEIRO: Cathay Pacific is considering additional orders for widebody, narrowbody and freighter aircraft as it looks to expand rapidly over the next de
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NASA to wear Prada as luxury group pushes into space industry
NEW YORK, June 7 : Italian fashion house Prada unveiled on Sunday the inner-layer garment set to be worn by NASA astronauts heading into space, underscoring the brand’s push to be the first major luxury player to make inroads in the space industry.The body-hugging suit, created in collaboration with
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‘Bring ’em on’: Most profitable airline Delta wants United’s crown over the Pacific, too
Delta’s president, Peter Carter, told CNBC that the carrier wants to take United on over the Pacific.
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Cryptocurrency exchange Bybit to open SpaceX tokenized IPO access
June 7 : Cryptocurrency exchange Bybit said it will offer retail investors access to tokenized initial public offerings (IPOs) at the offering price, starting with SpaceX as its first offering.Here are some details: • Bybit users via Payward’s xStocks, a tokenization platform, can subscribe to tokeni
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