Other, War & conflict, Business
673 storiesPOSCO 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…
Saudi Arabia says 2 airports hit in renewed fighting with Houthis
Saudi Arabia’s General Authority of Civil Aviation said airports in Najran and Jizan were hit Monday, damaging both facilities and leaving three people lightly injured; the statement did not say who was responsible. A Houthi brigadier gener…
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, smart door lock, security camera and smart thermostat — which will be sold under the LG brand, according to Bloomberg reports cited by Ko…
Turkey, Pakistan to send forces to Saudi Arabia as Houthi strikes widen
Turkey and Pakistan said they will provide agreed military forces and take steps to deploy them rapidly to Saudi Arabia, after an emergency meeting in Riyadh on Oct. 5, in the first activation of the Mecca Joint Defense Agreement signed on …
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 …
Nongshim floats 6-meter Shin Ramyun cup on London's Thames in brand campaign
Nongshim said it floated a roughly 6-meter-tall Shin Ramyun cup sculpture along the River Thames in London, departing Royal Docks on the afternoon of Oct 6 local time and passing the London Eye and Big Ben. The company said the installation…
Russia says its forces advance in northern and central Dobropolye
Russia's Defence Ministry said its assault groups advanced in the northern and central parts of Dobropolye, in the Donetsk People's Republic, and that marine infantry units finished clearing residential buildings in the city's eastern distr…
Russia's Defence Ministry says forces tighten encirclement in northeast Kharkiv region
Russia's Defence Ministry said units of its “North” grouping are tightening an encirclement of Ukrainian formations in northeastern Kharkiv region and expanding an outer zone of control, with fighting for several villages. The ministry said…
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…
MBK's 2.4 mln Homeplus shares cancelled free of charge; 600 bln won burden stays
MBK Partners' 2.4 million Homeplus common shares, acquired for about 2.5 trillion won, were cancelled without compensation on September 14 under a court-approved rehabilitation plan, Bloter and Korean business outlets reported. MBK and Chai…
Paramount 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…
Russian drone strikes hit Kyiv's Northern Bridge; five of six shut
Russian drone strikes hit Kyiv's Pivnichnyi (Northern) Bridge over the Dnipro River on Saturday morning, injuring two people and damaging the road surface and overhead trolley wires, Mayor Vitaliy Klitschko said. Kyiv authorities closed fiv…
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…
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…
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…
Latvia says armed masked men from Belarus threatened its troops at border
Latvia's interior minister, Jānis Dombrava, said a group of masked people illegally crossed into Latvia from Belarus after the military stopped about 20 migrants from entering. Latvia's National Armed Forces said the migrants were accompani…
Israel marks three years since Oct. 7 attack with memorials and protests
Israelis gathered on Wednesday to mark three years since the Hamas-led Oct. 7, 2023 attack, which killed more than 1,200 people and saw 251 taken hostage, with ceremonies, memorials and protests at more than 400 locations. A national moment…
Russia reports 861 drones downed in a day, 868 overnight
Russia's defense ministry reported downing 646 Ukrainian drones on the night of 1–2 October and 559 on the night of 3–4 October, then said on 5 October that 861 drones had been destroyed in 24 hours and 868 overnight into 6 October. Kommers…