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South Korea boosts domestic chipmakers, enterprises with edge data center rollout

South Korea boosts domestic chipmakers, enterprises with edge data center rollout

New micro data center facilities will rely on locally developed AI chips to provide low-latency AI services to SMEs, hospitals, and public institutions in South Korea. In sum – what to know: Local chips – the initiative supports the construction...

Trump rolls out tariffs for Japan, South Korea, others ahead of Aug. 1 deadline

Trump rolls out tariffs for Japan, South Korea, others ahead of Aug. 1 deadline

President Donald Trump on Monday began unveiling the tariff rates the U.S. will charge imports from certain countries following the expiration of a 90-day pause on country-specific levies. Several countries on the list, including Japan, the South...

Asia: Markets mixed as Trump flags fresh tariffs, eyes on trade talks

Asia: Markets mixed as Trump flags fresh tariffs, eyes on trade talks

[HONG KONG] Stocks were mixed on Wednesday as investors assessed Donald Trump’s latest tariff threats, while keeping an eye on trade talks after the US president warned he would not again extend a deadline to reach deals. Investors took in their...

Trump's Escalating Trade War: India Faces Severe Tariff Threats Amid BRICS Tensions

Trump's Escalating Trade War: India Faces Severe Tariff Threats Amid BRICS Tensions

President Donald Trump has intensified his trade offensive against India and other BRICS nations, announcing severe tariff measures that could significantly impact India's key export sectors. The US President announced a 50% tariff on copper...

Trump escalates trade war with 50% tariff on copper, eyes levies on drugs and chips

Trump escalates trade war with 50% tariff on copper, eyes levies on drugs and chips

President Donald Trump said he would impose a 50% tariff on imported copper and soon introduce long-threatened levies on semiconductors and pharmaceuticals, broadening his trade war that has rattled markets worldwide. One day after he pressured 14...

AP Business SummaryBrief at 1:17 a.m. EDT

Trash and tension mount in Philadelphia on Day 8 of workers strike, while some seek pop-up haulers PHILADELPHIA (AP) — Philadelphia faces mounting trash and tension as a strike by many of the city's blue-collar workers enters its eighth day. Some...

South Korea a Significant User of the Panama Canal, Flies New Submarine Hunters To Counter North Korea’s Navy

South Korea a Significant User of the Panama Canal, Flies New Submarine Hunters To Counter North Korea’s Navy

Panama and South Korea have maintained diplomatic relations since 1962, with both countries establishing embassies in each other’s capitals. Bilateral ties have strengthened over the years, including through high-level exchanges and trade...

No bumps in trade talks with U.S.: Source

No bumps in trade talks with U.S.: Source

Taipei, July 9 (CNA) Amid ongoing uncertainty over the status of trade talks between Taiwan and the United States, a national security source said Wednesday the talks have not stalled and are not facing any bumps. The Donald Trump administration...

Japan and South Korea seek tariff relief in talks with US before August deadline

Japan and South Korea seek tariff relief in talks with US before August deadline

Powerhouse Asian economies Japan and South Korea said on Tuesday that they will try to negotiate with the United States to mitigate the impact of much higher tariffs that President Donald Trump now expects to apply beginning in August. Trump...

Trump escalates trade war with 50% copper tariff; India, BRICS nations face renewed threats

Trump escalates trade war with 50% copper tariff; India, BRICS nations face renewed threats

US President Donald Trump on Tuesday said he would impose a 50% tariff on imported copper and soon introduce long-threatened levies on semiconductors and pharmaceuticals, broadening his trade war that has rattled markets worldwide. One day after...

Indian stocks open flat; experts say investors waiting for India’s mini trade deal with EU amid delay in deal with US

Indian stocks open flat; experts say investors waiting for India’s mini trade deal with EU amid delay in deal with US

Mumbai (Maharashtra) [India], July 9 (ANI): Indian stock markets opened on a flat note on Wednesday as investors remained cautious and in a wait-and-watch mode, ahead of a possible mini trade deal between India and the European Union (EU). The...

Markets fall in early trade amid mixed global trends

Markets fall in early trade amid mixed global trends

The 30-share BSE Sensex fell 170.42 points to 83,542.09 in early trade. The 50-share NSE Nifty dipped 44.35 points to 25,478.15. File | Photo Credit: AP Equity benchmark indices Sensex and Nifty declined in early trade on Wednesday (July 9, 2025)...

In digital age, stablecoins are new tools in fight for global currency domination

In digital age, stablecoins are new tools in fight for global currency domination

On June 24, the Switzerland-based Bank for International Settlements (BIS) sounded a stark warning for policymakers pushing forward with the adoption of stablecoins — the asset-backed cryptocurrencies fall short of being money and they could pose...

U.S. imposes 25% tariffs on all products from Japan and South Korea — new measures could be a big hit for the memory industry

U.S. imposes 25% tariffs on all products from Japan and South Korea — new measures could be a big hit for the memory industry

President Donald Trump on Monday informed leaders of Japan and South Korea that the U.S. would impose 25% import tariffs on all goods made in these countries and shipped to the U.S. starting August 1. The move affects all industries, but the...

Seoul fails to bring Japan’s forced labor issue to fore at Unesco

Seoul fails to bring Japan’s forced labor issue to fore at Unesco

Battleship Island in Nagasaki, Japan (Getty Images Bank) SEOUL — South Korea has failed to place Japan’s failure to address colonial-era forced labor at UNESCO-listed Meiji Industrial Revolution sites on UNESCO’s official discussion agenda. The...

US futures trade flat; Trump's tariff moves in focus

US futures trade flat; Trump's tariff moves in focus

United States stock futures traded within a tight range on Tuesday night (Wednesday AEST), following a mixed performance during the regular session amid escalating trade policy developments from President Donald Trump. By 9 am AEST (11 pm GMT),...

Trump Pressures Seoul to Increase USFK Contributions amid Tariff Talks

Trump Pressures Seoul to Increase USFK Contributions amid Tariff Talks

Photo : YONHAP News - REUTERS/Kevin Lamarque Anchor: U.S. President Donald Trump said on Tuesday that South Korea should be paying for its own defense and pay more toward the cost of hosting U.S. troops. His remarks came during a Cabinet meeting...

Trump to announce new trade tariffs for "a minimum of seven countries"

Trump to announce new trade tariffs for "a minimum of seven countries"

Washington DC [US], July 9 (ANI): A day after Donald Trump announced reciprocal tariffs on 14 countries, two days ahead of his deadline day of July 9, the US President on Tuesday (local time) stated that his administration will be revealing a...

Japan and South Korea face 25% US tariffs

Japan and South Korea face 25% US tariffs

US President Donald Trump revealed the next countries targeted for planned tariff increases in a series of posts on his Truth Social account yesterday, and it could hit toy companies hard. Trump uploaded letters addressed to the leaders of 14...

S. Korean banks' household lending rises for 5th month in June

SEOUL, July 9 (Xinhua) -- South Korean banks' household lending rose for the fifth consecutive month due to strong demand for mortgage loan, central bank data showed Wednesday. Debt owed by households to deposit-taking banks totaled 1,161.5...

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