Disasters & accidents, Finance & markets, Technology, AI
465 storiesAMD's Lisa Su visits Korea, agrees AI chip cooperation with local firms
AMD chair and CEO Lisa Su visited Korea on Oct. 7, about seven months after her March trip, meeting Second Vice Minister Ryu Je-myeong of the Science and ICT Ministry and a roundtable of Korean AI semiconductor and infrastructure companies.…
SpaceX seeks $40 billion in borrowing to buy Nvidia chips, FT reports
SpaceX is in talks to borrow $40 billion to fund a purchase of Nvidia chips, according to a Financial Times report cited by Reuters and MarketWatch. Bloomberg said it understands the financing would be among the biggest-ever debt financings…
Apple and LG Electronics jointly develop smart home devices under LG brand
Apple and LG Electronics are jointly developing smart home devices — a camera-equipped video doorbell, a smart door lock, a security camera and a smart temperature sensor and thermostat — to be sold under the LG brand, according to Bloomber…
Korean court suspends market-cap delisting decisions; exchange halts two more exits
Seoul Southern District Court Civil Division 51 granted injunctions on Oct 2 suspending the Korea Exchange's delisting decisions against KOSPI-listed Joo Yeon Tech and KOSDAQ-listed KM Pharma until a main ruling. The court questioned the 45…
Hoban Construction develops AI design tech to auto-apply per-unit buyer options
Hoban Construction said it developed AI-based design technology that automatically reflects apartment buyers’ option contract choices in each unit’s building information model (BIM). The technology was developed jointly with building and in…
Abu Dhabi's AI Everything opens with 400 exhibitors alongside Global Food Week
AI Everything 2026 opened on 6 October at the ADNEC Centre Abu Dhabi and runs to 7 October, with WAM reporting 400 exhibitors and 180 speakers, and Economy Middle East reporting more than 400 companies, 200-plus investors managing about $10…
Tropical Depression Nine forecast to become Hurricane Isaias, threaten Gulf Coast
Tropical Depression Nine formed in the southwestern Gulf with 35 mph winds and is forecast to become Tropical Storm Isaias and then a hurricane on Thursday, CNN reported. It is expected to reach Category 2 strength with 100 mph winds as it …
Fire at Ustuu-Khuree Buddhist monastery complex in Tuva put out; no injuries
A fire broke out on 7 October at the Ustuu-Khuree Buddhist monastery complex in Tuva, about 5 km from the town of Chadan. Emergency services localized the blaze and later extinguished it; the MChS reported an area of 468 sq m, while earlier…
European stock indices close higher on Oct 6 after mixed Oct 5 session
On Oct 6, 2026, major European stock indices all closed higher: the UK FTSE 100 rose 0.42%, France’s CAC 40 0.47%, Germany’s DAX 0.82% and Italy’s FTSE MIB 0.87%, according to CLS. The previous day, most indices rose but France’s CAC 40 fel…
Typhoon No. 27 moves north near Ogasawara as typhoons 28 and 29 form
Typhoon No. 27, described by the Japan Meteorological Agency as large and very strong, moved north over waters near the Ogasawara Islands and was forecast to approach the islands at very strong intensity from the evening of Oct. 5 to early …
Nvidia-backed Reflection AI unveils Beam, open-weight model to rival Chinese models
Reflection AI unveiled Beam, a 501-billion-parameter open-weight AI model that the New York-based startup says matches leading Chinese open models like Z.ai’s GLM-5.2 at lower compute cost. The Nvidia-backed company says Beam is in final sa…
US 10-year Treasury yield hits highest since 2002 as long-dated selloff extends
US long-dated Treasury yields climbed to their highest levels since 2002 on Oct 5, with the 10-year reaching about 5.35% and the 30-year above 5.70%. Chosun Ilbo reported the 10-year closed the third quarter at 5.29%, the biggest quarterly …
Thailand flood death toll reaches 60; Bangkok and 27 provinces affected
Thailand's Interior Ministry disaster agency said on Oct 7 that flooding has killed 60 people and affected more than 1.48 million households, or 4.19 million people. The country has seen repeated heavy rain and widespread flooding since Sep…
Musk says his companies will build and run Terafab chip plant, rules out TSMC role
Elon Musk said on Oct. 7 that his companies will independently build and operate the Terafab chip manufacturing project in Texas, ruling out an operational role for TSMC. He said TSMC could lease part of the planned site or capacity if inte…
Turkey's Aselsan announces Astralink network of 198 low-orbit satellites
Aselsan CEO Ahmet Akyol said at the International Astronautical Congress in Antalya that Turkey is building Astralink, a low-orbit satellite constellation of 198 spacecraft, with the first launch planned within two years. Akyol said work be…
China's central bank adds to gold reserves for 23rd straight month
China's gold reserves stood at 77.47 million ounces, or about 2,409.59 tonnes, at the end of September, up 740,000 ounces (about 23.02 tonnes) from 76.73 million ounces (about 2,386.57 tonnes) at the end of August, according to figures carr…
India's central bank raises key rate to 5.5%, first hike in 3 years 8 months
The Reserve Bank of India decided on 7 October to raise its main policy rate by 0.25 percentage points to 5.5%, the first increase in three years and eight months. Governor Sanjay Malhotra cited a worsening Middle East situation, sharp swin…
Tropical Storm Isaias forms off Mexico, forecast to hit US Gulf Coast as hurricane
Tropical Storm Isaias formed early Wednesday in warm waters off eastern Mexico with maximum sustained winds of 40 mph, and the National Hurricane Center said it is expected to strengthen into the first hurricane of the Atlantic season befor…
Apple and LG co-develop smart home devices including doorbell, lock and thermostat
Bloomberg reports that Apple and LG have co-developed a line of smart home devices, including a video doorbell, thermostat, smart deadbolt lock, indoor and outdoor security cameras and a floodlight camera. The products are expected to carry…
Bank of Russia raises official dollar rate to 84.93 rubles for October 6
The Bank of Russia set the official dollar rate for October 6 at 84.93 rubles, up 1.45 rubles from 83.48 rubles on October 3, with the euro rising 1.01 rubles to 95.33 rubles and the yuan up 0.22 rubles to 12.65 rubles. RBC reported the rub…