Business, Policy & regulation, Consumer, Health
678 storiesParamount Skydance closes $110bn Warner Bros. Discovery acquisition
Paramount Skydance completed its purchase of Warner Bros. Discovery for $110bn, and the combined company is named Skydance. Its shares will trade on the New York Stock Exchange under the ticker SKYD, while WBD shares stopped trading on Nasd…
Suhyup Bank president selection fails again at second committee vote
Suhyup Bank's bank president recommendation committee failed for a second time on Oct 6 to name a final candidate, because no nominee won the required four votes from the five-member panel. The vote again split 3-2 between incumbent preside…
Former Yaskawa Electric president Masahiro Ogawa dies at 62
Masahiro Ogawa, former president and vice chairman of Yaskawa Electric, died on Oct. 2 of illness at 62, the company announced on Oct. 5. An engineer who spent most of his career in the industrial robot business and helped open the US marke…
Burger King ends Yoo Hae-jin ad campaign amid “Assassin(s)” dispute and boycott calls
Burger King ended its advertising campaign featuring actor Yoo Hae-jin for the autumn menu item Truffle Mushroom Whopper, about two weeks after the product's Sept 16 launch, as online calls to boycott products he advertises spread amid the …
Hyundai Engineering wins 870bn-won Incheon data centre project with KT Cloud
Hyundai Engineering said it won a project worth about 870 billion won to build a 50-megawatt data centre in Incheon, with KT Cloud as joint contractor and, according to KT Cloud, design-build-operate partner. Hyundai Engineering says constr…
Amazon’s October Prime Day runs October 6-8 as retailers cut prices early
Amazon’s October Prime Day, also called Prime Big Deal Days, runs from October 6 at 3AM ET through 3AM ET on October 8, with discounts already live, according to The Verge, NBC News and Wired. Wired listed Google Pixel Buds Pro 2 at $190 ($…
Huawei and Qualcomm sign broad patent licensing deal covering 5G, AI and networking
Huawei and Qualcomm announced a multi-year, broad patent licensing agreement that cross-licenses their portfolios in 5G, computing, artificial intelligence and networking, with Qualcomm also acquiring some of Huawei's US patents in those fi…
Kuaishou’s Kling AI plans Hong Kong IPO as early as next year, seeks $1bn
Kling AI, Kuaishou’s AI video service, plans to list in Hong Kong as early as next year, according to CLS, IT Home and 36Kr. IT Home reported the IPO could raise at least $1 billion and that CICC, Goldman Sachs and UBS have been selected as…
Russian anti-plague lab researcher dies; US and EU say they are monitoring
A 28-year-old female researcher at the Irkutsk anti-plague research institute in Shelekhov, Russia, died after being diagnosed with pneumonia of unknown cause, the state agency Rospotrebnadzor said. About 200 people who may have had contact…
Paramount closes Warner Bros. Discovery takeover, creating Skydance
Paramount Skydance closed its acquisition of Warner Bros. Discovery on Tuesday, creating a company named Skydance led by CEO David Ellison and co-CEO Ynon Kreiz. The merged company brings CNN, CBS News, HBO Max and Paramount+ under one roof…
POSCO completes second Argentine lithium plant, eyes 50,000-ton output
POSCO Holdings held a completion ceremony on 6 October local time for the upstream stage of its second brine lithium plant near the Hombre Muerto salt flat in Argentina, the company said on 7 October. The plant has 23,000 tons of annual lit…
LG Electronics Q3 revenue 23.8 trillion won, operating profit up 13.5% but below consensus
LG Electronics reported preliminary third-quarter revenue of 23.827 trillion won, up 8.9% from a year earlier, and operating profit of 781.8 billion won, up 13.5%. Both figures fell short of the average analyst consensus, and the shares dro…
Korea's top individual tax delinquent Kwon Hyuk to pay 393.8 billion won
The National Tax Service said on Oct 7 that Kwon Hyuk, chairman of Sido Group and the country's largest individual tax delinquent, has submitted a plan to pay 393.8 billion won in back taxes in full, 15 years after the tax was assessed. He …
Asian Games exemption row: Ahn Cheol-soo urges review, defense ministry regrets remarks
People Power Party lawmaker Ahn Cheol-soo said on 7 October that the military service exemption for Asian Games gold medalists should be reviewed for abolition starting with this tournament, noting the rule is a presidential decree that Pre…
Japan antitrust watchdog raids Asahi, Kirin, Suntory, Sapporo over beer price cartel
Japan's Fair Trade Commission began a forced investigation on Oct 7 into Asahi Beer, Kirin Beer, Suntory and Sapporo Beer on suspicion of an Antimonopoly Act violation over beer prices. The four are suspected of coordinating wholesale price…
Russia denies plague after worker at Siberian institute dies of unknown pneumonia
A woman who worked at a plague-control research institute in Russia's Irkutsk region in eastern Siberia has died; Japanese outlets differ on whether she died on Oct 1 or Oct 2. Russian authorities say the cause was “pneumonia of unknown cau…
Defense minister: arts, sports military service exemption to be cut and abolished
South Korea's defense minister said on Oct 7 that the goal is to gradually reduce the arts and sports military service exemption and ultimately abolish it, after controversy over remarks by Asian Games football gold medallists about the exe…
South Korea re-designates 92 population decline regions, adding Busan Geumjeong, Dongducheon and Tongyeong
South Korea's Ministry of the Interior and Safety re-designated 92 cities, counties and districts as population decline regions on Oct. 7, up from 89 in the first designation five years ago. Busan's Geumjeong-gu, Gyeonggi's Dongducheon and …
Trump signs order allowing tax-free red-dyed diesel on highways
President Donald Trump signed an executive order on Monday temporarily allowing off-road red-dyed diesel to be used for highway driving and deferring the federal excise tax on that fuel through the end of 2026 without interest or penalties.…
Russia quarantines hospital as lab worker’s death puts nearly 200 under observation
A female employee of the Irkutsk Anti-Plague Research Institute of Siberia and the Far East died last week of pneumonia of unknown cause, Russian authorities said, and a hospital in the town of Shelekhov was placed under quarantine. Officia…