Category: Business News

SEOUL (Reuters) – South Korean lawmakers on Wednesday called for the impeachment of President Yoon Suk Yeol after he declared a state of emergency only to reverse the move hours later, sparking the biggest political crisis in decades in Asia’s fourth-largest economy. The surprise statement late Tuesday sparked a standoff with parliament, which rejected his…

BlackRock made its third major acquisition this year. The world’s largest asset manager is purchase HPS Investment Partners in $12 billion all-stock offering to create leading global credit manager. Private credit, which refers to non-bank companies that offer loans to businesses, is one of the most sought-after sectors on Wall Street. BlackRock said this earlier…

Investing.com– Oil prices were flat in Asian trade on Wednesday after rising sharply in the previous session as Israel threatened to attack Lebanon if its truce with Hezbollah ends. But oil’s momentum was halted by industry data showing an unexpected rise in US oil inventories. Sentiment also remained largely uncertain ahead of Thursday’s OPEC+ meeting,…

By Maya Gebeily and Suleiman Al-Khalidi BEIRUT/AMMAN (Reuters) – Syrian rebels advancing against government forces pushed close to the capital Hama on Tuesday, rebels and a war monitor said, after their surprise seizure of Aleppo last week rattled President Bashar al-Assad. Rebels and war monitors with the Syrian Observatory for Human Rights said rebels had…

Unlock Editor’s Digest for free Roula Khalaf, editor of the FT, picks her favorite stories in this weekly newsletter. The UK government has admitted that nationalizing British Steel is one option if its efforts to save the Chinese-owned company fail in the coming months. But officials insist that taking the company into public ownership –…

Unlock Editor’s Digest for free Roula Khalaf, editor of the FT, picks her favorite stories in this weekly newsletter. The UK government plans to take South Western Railway into public ownership in May, in the first nationalization of the country’s passenger rail network under Sir Keir Starmer’s Labor administration. Ministers will step in after the…

A new government agency led by Elon Musk and Vivek Ramaswamy appears to be turning its sights on one of America’s most polarizing timekeeping traditions: Daylight Savings Time. In a series of social media posts over the past week, Tesla and SpaceX The Chief Executive strongly suggested that the Department of Government Efficiency or DUZDZit…

The Sunday after Thanksgiving weekend marked a new record for air travel in the US, according to the Transportation Security Administration overview of more than 3 million passengers in one day. Of course, this does not mean that everything went smoothly. AirHelp Inc.which makes it easier for travelers to get compensation by processing customer service…

Mehmet Oz, the celebrity doctor appointed to oversee Medicare in the Trump administration, has posted online advertisements for herbal products that threaten to run afoul of US marketing rules, according to a health watchdog. Oz regularly advertised products from iHerbsupplement company, in posts on X and other social media pages, without visibly indicating his position…

South Korean President Yoon Suk Yeol abandoned a short-lived attempt to impose martial law on Wednesday after lawmakers defied security forces to vote against his declaration and thousands of protesters took to the streets. Yoon’s shock attempt to impose martial law on South Korea for the first time in more than four decades plunged the…