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Mercedes-Benz Korea discloses EV battery makers after fire
Mercedes-Benz Korea released the names of its electric vehicle battery suppliers on Tuesday, bowing to public outrage after one of its cars burst into flame in a parking lot earlier this month. The Mercedes-Benz model EQE 350 that exploded into flames had a battery from Chinese manufacturer Farasis Energy, Mercedes Korea disclosed on its website Tuesday.
Asian stocks build on gains ahead of US inflation data
Asian stocks mostly rose again Tuesday as worries about a US recession that sent markets into turmoil last week eased ahead of key inflation data, while oil prices held gains on concerns about a broader war in the Middle East.
Fitch downgrades Israel citing war in Gaza
US credit rating agency Fitch downgraded Israel a notch on Monday, warning that its ongoing conflict against Hamas in Gaza could last "well into 2025" and weigh on economic activity. "The conflict in Gaza could last well into 2025 and there are risks of it broadening to other fronts," Fitch said in a note.
Waste into gold: Oyster shells repurposed as magic 'Seawool'
Growing up on Taiwan's west coast where mollusc farming is popular, Eddie Wang saw discarded oyster shells transformed from waste to function -- a memory that inspired him to create a unique and environmentally friendly fabric called "Seawool". The Made-in-Taiwan fabric would not be possible without the island's unique oyster farming culture, Wang said.
Asian markets mixed as focus turns to US inflation data
Asian markets were mixed Monday as investors try to move on from last week's upheaval that was fuelled by US recession worries, with focus on the release of key inflation and retail data. Comments last week aimed at reassuring investors that it would not move while markets were volatile helped settle some nerves.
Do I need it? 'Underconsumption core' trends on TikTok
Exhausted from a rising cost of living in the United States and non-stop ads, some young adults on TikTok are pushing back. Over half of Gen Z adults -- age 18 to 27 -- polled in a 2024 survey by Bank of America stated the high cost of living as a top barrier to their financial success, adding that many do not make enough money to live the life they want.
NY eco activists turn up heat on Citi over polluting investments
Environmental campaigners in New York have kept up a campaign of direct action against one of the city's foremost banking empires, Citi, accusing the group of fueling the climate crisis.
Viral marketing stunts made 'Deadpool' a $1bn hit, says Disney exec
From cameos in K-pop videos to cooking chimichangas with celebrity chefs, movie stars like Ryan Reynolds are trying ever-more unorthodox stunts to reach fragmented Gen-Z audiences, according to Disney's marketing chief.
Thousands protest in Serbian capital against lithium mine
Thousands hit the streets in Serbia's capital Belgrade Saturday to protest the rebooting of a controversial lithium mine set to serve as a vital source to power Europe's green energy transition. Thousands chanted "Rio Tinto get out of Serbia" and "You won't dig" as they rallied in downtown Belgrade before setting off on a march through the city.
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