WASHINGTON: South Korea’s Hyundai Motor Group said on Friday (May 20) it plans to invest about US$5.54 billion to build its first dedicated full electric vehicle (EV) and battery manufacturing facilities in the United States. Hyundai will break ground on its new facility in Georgia in early 2023 and is […]
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KYIV: Nato on Sunday pledged open-ended military support for Ukraine, as Finland hailed its “historic” bid to join the alliance and Sweden’s ruling party said it backed a joint membership application. The promise came after Finland jettisoned decades of military non-alignment, redrawing the balance of power in Europe and angering […]
BEIRUT: Iran-backed Hezbollah has been dealt a blow in Lebanon’s parliamentary election with preliminary results showing losses for some of its oldest allies and the Saudi-aligned Lebanese Forces party saying it had gained seats. With votes still being counted, the final make-up of the 128-member parliament has yet to emerge. […]
SEOUL : South Korea’s new central bank chief said on Monday the country’s future monetary policy would be largely dependent on data flows, although inflation was a bigger concern for now than economic growth. Rhee Chang-yong, inaugurated last week as governor of the Bank of Korea, also told reporters the […]
TOKYO: Japanese rescuers today confirmed the death of a child in a weekend sightseeing boat accident, raising the death toll to at least 11, as efforts to find survivors continued. The Kazu I was carrying 24 passengers, including two children, and two crew when it sent a distress signal on […]
Huang Biren may have picked up a Best Actress trophy at this year’s Star Awards on Sunday (Apr 24), but just days before, she wasn’t even sure if she would be able to attend the event. That’s because the 53-year-old actress, who picked up her latest award for her role […]
KYIV: The United States’ top diplomat and defence chief were in Ukraine’s capital yesterday, Kyiv said, making the first high-level visit by US officials since Russia invaded two months ago as hundreds remain trapped in the besieged city of Mariupol. The trip by Secretary of State Antony Blinken and Defence […]
BEIJING: Fears of a hard Covid lockdown sparked panic buying in Beijing today, as long queues for compulsory mass testing formed in a large central district of the Chinese capital. China is already trying to contain a wave of infections in its largest city Shanghai, which has been almost entirely […]
LONDON: The Kremlin said on Thursday (Apr 21) that Moscow was still waiting for Ukraine’s response to Russia’s latest written proposal in peace talks between the two sides, and questioned why Ukrainian President Volodymr Zelenskyy was unaware of the document. Zelenskyy said on Wednesday he had not seen or heard […]
A Florida official praised Elon Musk’s offer to buy Twitter Inc and said pension officials will tell the company its efforts to fend off the bid could hurt shareholder value. “We’re definitely very concerned about them leaving offers on the table,” said Florida Chief Financial Officer Jimmy Patronis in a […]