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Economy

Economy

3 Dead in Xiaomi EV Crash—Company Promises Transparency in Ongoing Probe

Munhwailbo -
Xiaomi CEO expresses sorrow over an accident involving an EV that killed three passengers, pledging full cooperation with the investigation.
Economy

Hyundai’s $21 Billion Move: EVs, AI, and Steel—and No Tariffs

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Hyundai plans a $21 billion U.S. investment by 2028, focusing on auto production, parts, and future technologies.
Economy

Hanwha Acquires Stake in U.S. Navy Supplier Austal — A Game Changer?

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Hanwha Group acquires a 9.9% stake in Austal, aiming to strengthen its position in global shipbuilding and defense sectors.
Economy

Growing Pressure on Fed: Analysts Expect Larger Rate Cuts Amid U.S. Recession Fears

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Concerns over a potential U.S. recession grow, prompting analysts to expect multiple Federal Reserve rate cuts by year-end.
Economy

EV Sales in Europe Rise 37.3% in January Despite Market Slowdown

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European EV sales surged 37.3% in January, driven by stricter emissions regulations and new affordable models from automakers.
Economy

Tesla Stock Dips to Levels Seen After Trump’s 2024 Election Victory

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Tesla's stock has dropped significantly, returning to pre-Trump election levels due to sales declines and Musk's political activities.
Economy

Apple’s iPhone Dictation Glitch Links ‘Racist’ to Trump, Sparks Controversy

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A bug in iPhone's dictation links "racist" to Trump, raising concerns. Apple acknowledges the issue and is working on a fix.
Economy

Prada Eyes Versace: A Fashion Power Play in the Making

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Prada is exploring a potential acquisition of Versace, while Capri Holdings seeks to divest its luxury brands after a failed merger.
Economy

Tesla’s Sales Slip While BYD Soars: What’s Behind the Shift?

Munhwailbo -
Tesla faces declining sales in the EV market, trailing behind BYD, which has seen significant growth in China.
Economy

Bitcoin Kicks Off the New Year Strong, Surpassing $96K and Ripple Surges 10%

Munhwailbo -
Bitcoin and altcoins surge in South Korea, with Ripple rising over 10%. Experts divided on Bitcoin's price outlook for the year.
Economy

North Korea’s Cyber Heist: Hackers Snatch a Record $1.34 Billion in Crypto

Munhwailbo -
North Korean hackers stole a record $1.34 billion in cryptocurrency this year, raising alarms about their cybercrime activities.
Economy

Fed’s Latest Rate Cut Shows a Shift Toward Caution Amid Economic Uncertainty

Munhwailbo -
The Fed slows rate cuts for 2024, now expecting only two, amid persistent inflation and resilient labor market conditions.
Economy

South Korea’s News Sentiment Index Drops to the 70s, Its Lowest in Over Two Years

Munhwailbo -
South Korea's News Sentiment Index fell to 77.47, its lowest in over two years, reflecting economic sentiment challenges.
Economy

Bitcoin Breaks $108,000 Mark: Is $110,000 Next?

Munhwailbo -
Bitcoin surpassed $108,000 for the first time, while markets await the Fed's monetary policy decisions amidst mixed crypto performances.
Economy

China’s Gold Fever Fades: Jewelry Giant Closes Hundreds of Stores

Munhwailbo -
China's jewelry sector faces a downturn, with Chow Tai Fook reporting a 20% sales drop and closing 239 stores amid economic challenges.
Economy

Trump’s New Efficiency Chief Slams Fast-Tracked Chip Subsidies

Munhwailbo -
Vivek Ramaswamy criticizes fast CHIPS Act subsidy distribution, accusing the Biden administration of rushing before leadership change.
Economy

1000 Days of Conflict: How the Ukraine War is Shaking Europe’s Economy

Munhwailbo -
The Ukraine war marks 1,000 days with over 12,000 civilian deaths, $152 billion in damages, and fears of a European recession looming.
Economy

Bitcoin Hits $93K Before a Dip: Is the Trump Effect Fading?

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Bitcoin hit a record $93,000 post-Trump's election but fell back due to profit-taking and inflation concerns. Analysts predict future highs.
Economy

Trump Picks Elon Musk to Lead New Government Efficiency Department – Is DOGE the Secret?

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Trump appoints Elon Musk to lead the Department of Government Efficiency, sparking a surge in Dogecoin's value due to its DOGE acronym.
Economy

Elon Musk’s Wealth Soars Past $300 Billion After Trump’s Win

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Elon Musk, CEO of Tesla, has seen his net worth surpass $300 billion once again following Donald Trump's election as U.S. President.
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