#economy (135 Posts)
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Bitcoin Tops $50,000 for First Time in Over 2 Years on Spot ETF Impact
The price of Bitcoin has surpassed $50,000 for the first time in 26 months. This results from the ongoing purchase trend that followed the approval of the Bitcoin exchange-traded fund (ETF). According to the global coin market relay site CoinMarketCap, on the 13th, Bitcoin was traded at $51,176 each as of 6 a.m., recording a […]
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China to Remain 'The World's Factory' Despite Challenges: Decoupling China - Pessimism vs. Optimism
Despite U.S. Restraints, China Remains the World’s Top ExporterChina Increases Investments and Exports to U.S. AlliesNo Manufacturing Superpower to Replace China YetJP Morgan: “China is not an Uninvestable Country” Despite economic uncertainties and U.S. restraints, China is expected to maintain its status as the “factory of the world.” Business Insider, a U.S. business news outlet, […]
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European Commission Approves Korean Air-Asiana Merger with Conditions Attached
The European Union (EU) Competition Authority (EC) has conditionally approved the merger of Korean Air and Asiana Airlines. With this, the merger has been approved in 13 out of 14 countries, leaving the United States as the lone exception. Late in the afternoon of the 13th, the EC posted on its website that it conditionally […]
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Mexico's Fintech Boom: A Billion-Dollar Industry Set to Skyrocket
The fintech industry in Mexico is growing rapidly. As the nation passed the first fintech regulations in Latin America, the overall industry conditions have improved, and consumer interest in fintech is also increasing. Consequently, the potential for future growth is considered limitless. According to global market research institution Statista, as of 2022, Mexico’s fintech transactions […]
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South Korean Entrepreneurs Tap into U.S. Telemedicine Surge
Medical market revitalized as the regulations related to the COVID-19 pandemic easedLG Electronics To Provide a non-face-to-face Telemedicine Solution In Partnership With Amwell In The U.S The United States is emerging as a promising market for telemedicine. As regulations related to telemedicine have been relaxed in the wake of the COVID-19 pandemic, increased demands are […]
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Game Company Spoils Employees with Cleaning Services and More!
Pearl Abyss, a game company, provides cleaning services to single-person householdsThe average annual salary is about $82,000 The radical benefits of domestic game companies are being highlighted. They even provide cleaning services for employees living alone. According to the industry, Pearl Abyss decided to provide a monthly house cleaning service to single-person households through an […]
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NVIDIA Stock Surges 44%: Should You Invest Now?
Artificial intelligence (AI) semiconductor giant Nvidia's stock price is soaring. On the New York Stock Exchange, Nvidia's stock price closed at $693.32, up 4.79% from the previous trading day.
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US Accelerates Rare Earth Industry Growth to Counter China
[TheGuru=Eung-Yong Jung] The United States is expected to accelerate the development of its own rare earth industry. With the value of rare earths increasingly high in various industries, the intention is to reduce the dependence on China for rare earths...
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Adani Group: Plans to Build World's Largest Copper Factory in India
[TheGuru=Eung-Yong Jung] India's largest conglomerate, the Adani Group, is building the world's largest copper plant. It is expected to reduce India's dependence on copper imports and contribute to the country's energy transition goals...
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AliExpress and Tmall Accused of Deceptive Sales with 'Chinese Hanbok'
[iNews24 Reporter Koo Seoyoon] Chinese direct shopping apps Aliexpress and Temu are selling Hanfu, a traditional Chinese garment, in their 'Chinese Hanbok' section...
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Jobs for Salary Boosts Despite Having Criminal Records
There are jobs with '1 in 6', '41% of all', and '1 in 3' ex-offenders. Despite being a criminal, they are said to be paid a high salary, and there is a movement to raise their salaries despite criticism. They are lawmakers...
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Stanley Tumbler Scandal: TikTok Videos Raise Questions About Safety
The Stanley Tumbler, which caused a sell-out frenzy in the United States as a Starbucks Valentine’s Day limited edition, has been embroiled in a controversy over the presence of lead. According to Fox News and other local media outlets on the 29th, numerous videos have been posted on social media, including TikTok, claiming that lead […]
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Walmart Store Managers Could Earn up to $400,000 Annually with Stock Options
Walmart, a major retailer and offline supermarket in the United States, has raised wages for store managers for the first time ever. It's a high-paying position with a salary of 100 million won...
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South Korea Supports Reconstruction of Ukraine
[TheGuru=Hong Sung-hwan] Our government supports the reconstruction of a dam in Ukraine. It is expected that our company's participation in post-war reconstruction projects will be expanded...
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North Korean Leader Urges Action on Local Economic Development
North Korean leader Kim Jong Un has pointed to the inability to provide basic necessities to people in the countryside as a serious political problem, emphasizing the need to improve economic conditions in the provinces. He vowed to evaluate the implementation of provincial development policies and the responsibilities of provincial officials...
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Kim Jong-un's Anger Over Economic Blaming Political Problems
AsiaToday By Park Young-hoon Reporter = North Korean leader Kim Jong-un has said that he is "angry" at the country's economy, blaming it on military mobilization.
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The Luxurious Life of a Gambling Site Operator
A group of people who made tens of billions of won by running illegal gambling sites have been caught by prosecutors.In the house of the arrested leader, several works of art by masters such as Picasso, Andy Warhol, and Nam June Paik were found, as well as tons of luxury bags and a supercar worth 4 billion won in the garage...
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China's Market Boost: Plans to Bolster Capital Market with Long-Term Funds
Chinese authorities have revealed plans to strengthen medium- and long-term fund injections into the money market to stabilize the market. Chinese authorities said they will take stronger and more effective measures to stabilize market confidence, Yonhap News Agency reported on Nov. 22, citing Reuters...
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China Discovers Asia's Largest Lithium Mine
[TheGuru=Jung Dae-yong] Asia's largest lithium mine has been discovered in China. The reserves are estimated to be about 1 million tons (t), and the mining rights are held by Sungshin Lithium's subsidiary...
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The World's Wealthiest Female CEO
A new study shows that women CEOs are the highest paid in the UK.