Hanwha’s preemptive bet on KAI comes as bane to LIG
Hanwha Aerospace’s latest acquisition of a stake in Korea Aerospace Industries (KAI) is emerging as a strategic blow to LIG Defense & Aerospace (D&A), potentially...
Month : May 2026
US vies with Iran for Strait of Hormuz as UAE comes under attack
DUBAI, United Arab Emirates — The U.S. military said it fired on Iranian forces and sank six small boats targeting civilian ships as it moved...
Spirit Airlines CEO on carrier’s collapse: ‘We just kind of ran out of runway’
Spirit Airlines shut down before dawn on Saturday ending its run as the most famous U.S. discount airline....
Novo Nordisk’s Wegovy pill head start forces investors to rethink Eli Lilly’s GLP-1 dominance
Early signs from the launch of Novo Nordisk’s Wegovy pill and Eli Lilly & Co.’s Foundayo are making investors rethink the opportunity for GLP-1 pills....
Gov’t verifying report of possible attack on Korean vessel in Strait of Hormuz
Korea is verifying reports of a possible attack on a South Korean vessel in the Strait of Hormuz, officials said Monday. The move comes after...
‘Godspeed my friend’: Inside the final hours of Spirit Airlines
Spirit Airlines ceased operations overnight after a failed government bailout....
London’s new Korean food festival tests authenticity in K-wave era
LONDON — What was billed as London’s largest Korean food festival quickly drew overwhelming crowds and equally long queues. Held over the May bank holiday...
Austrian police detain suspect in case of rat poison found in baby food jars on supermarket shelves
VIENNA — Police in eastern Austria say a 39-year-old suspect has been arrested after rat poison turned up in some HiPP baby food jars on...
OPEC+ agrees third oil output quota hike since Hormuz closure
LONDON – OPEC+ agreed on Sunday a modest oil output hike for June, an increase that will remain largely on paper as long as the...
Frederick Cortez Lee Jr Calls for Greater Awareness Around Financial Education and Community-Based Solutions
Frederick Cortez Lee Jr, founder of Debt Elimination Group, Inc, is raising awareness about the growing need for accessible financial education and community-driven solutions in...