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US: "100% tariffs if Russia doesn't ceasefire"... Secondary sanctions for trading nations Containment of China importing Russian crude '100% tariffs' for trading partners too Pressured for ceasefire within 50 days Criticism: "Gives Putin time to resp
Powell responds head-on to renovation cost allegations Trump: "Interest rates should be lower than 1% per year" Regarding the base rate cut, U.S. President Donald Trump has once again criticized Jerome Powell, the Chairman of the U.S. Federal Reserve
xAI releases AI model for government agencies Filling positions reduced by the Department of Government Efficiency Elon Musk's artificial intelligence (AI) startup xAI launched an AI model for government agencies on the 14th (local time). Analysts su
Romance scams, smishing, etc. Multi-victim fraud damages up 31% National Investigation Headquarters sets up dedicated team and launches special crackdown Multi-Victim Fraud Prevention Law also being promoted Financial losses suffered by the public du
The Trump administration in the United States has allowed American semiconductor company NVIDIA to resume exporting the H20 chip to China after three months. On the 15th, CEO Jensen Huang officially announced the resumption of H20 chip exports to Chi
'Interest Rate Conflict' Trump-Powell Trump: "The US base rate should be lower than 1%" Controversy over excessive Fed building renovation costs Chairman Powell directly requested an audit Regarding the US base interest rate cut, President Donald Tru
Musk's xAI launches government AI model After ousting 260,000 public servants with DOGE Will their own government AI fill the vacancies? Peter Thiel's Palantir also expands government collaboration US Democrats: "Trump will surveil citizens" Elon Mus
[Breaking News] 'WEMIX Circulation Manipulation Allegation' Henry Chang, Former CEO of WEMADE, Acquitted in First Trial Jeongdong Noh, Hankyung.com reporter dong2@hankyung.com
Choi Hui-yeong, who has been nominated as Minister of Culture, Sports and Tourism, has resigned from his CEO position at Nol Universe. According to Nol Universe on the 15th, Choi tendered his resignation to the company the previous day, and his depar
China's economy achieved a 5.2% growth rate in the second quarter of this year, when the US-China trade war resurfaced, and a 5.3% growth rate for the first half. According to the National Bureau of Statistics of China on the 15th, China's gross dome
Jensen Huang: "U.S. Approves NVIDIA H20 Chip Sales to China" [China CCTV] Jihee Yoo, Hankyung.com reporter keephee@hankyung.com
On the 15th (local time), the Q2 U.S. corporate earnings season officially kicks off with the results announcements from major banks and financial institutions such as JPMorgan Chase, Citigroup, and BlackRock. Since President Donald Trump’s announcem
The three major indices of the New York Stock Exchange closed higher. This is a so-called 'Bad is Good' market, where even negative news is taken as a positive as uncertainty is resolved and used as a catalyst for gains. On the 14th (local time) at t
As Bitcoin hits an all-time high, XRP also surpasses $3 Yoo Ji-hee, Hankyung.com reporter keephee@hankyung.com
Cryptocurrency-related stocks rally across the board on Bitcoin surpassing $120,000 This week: CPI release, start of corporate earnings season Ahead of both the June consumer price index and corporate earnings announcements this week, US stocks opene
Raising funds for chatbot 'Grok' development and training to compete in AI models Revealed plan to install 'Grok' in Tesla vehicles Elon Musk stated that he does not support a merger between Tesla and his artificial intelligence (AI) company xAI, and
Besant, Treasury Secretary, Visits Japan a Day Before the Upper House Election on the 20th Some Public Opinion Polls in Japan Say "Tariff Negotiations Will Affect the Upper House Election" President Donald Trump of the United States once again attack
Seeking Joint Response to Trump's Tariffs "Partnerships Beyond Negotiations with the US Needed" The European Union (EU) is planning to strengthen trade agreements with India and Asia-Pacific nations in preparation for tariffs imposed by Trump. EU Com
Record-high exports of ₩2,500 trillion and a trade surplus of ₩810 trillion in the first half As exports to the US fell, shipments to Southeast Asia and the Middle East, including steel, increased China recorded a record-high trade surplus of about $
Asian Markets Rise Except Japan Thanks to Strong Chinese Exports This Week: US CPI, Corporate Earnings Announcements, and Continued Pressure on Powell’s Dismissal President Donald Trump continued to threaten 30% tariffs on goods from the European Uni
Uptrend This Month Ahead of US Congress 'Cryptocurrency Week' "The sharp volatility of previous rallies has nearly vanished." "If the $112,000 support holds, declines are a buying opportunity." Bitcoin has broken through the $120,000 resistance level
"President holds authority to dismiss Chair" Market concerned over decline in dollar value There is growing speculation that President Donald Trump is attempting to oust Jerome Powell, Chair of the Fed, by using the alleged excessive costs of constru
The Onslaught of Stablecoins Strong Prospect for US 'Three Crypto Bills' to Pass This Week Stagnation in Korea Despite Growing Demand The entry of dollar stablecoins into the regulatory mainstream in the US is imminent. If dollar stablecoins emerge a
Kakao Pay, which had previously surged as a beneficiary of the stablecoin boom, plummeted on the 14th. On this day, Kakao Pay closed at 69,700₩ on the KOSPI, down 12.44%. This marks a 38.86% drop from the peak (114,000₩) recorded on the 25th of last
Won ranked 2nd in import settlements from the EU "If dollar stablecoins become mainstream, even the remaining won settlement demand will be eroded" Last year, the scale of won-denominated settlements in Korea’s trade transactions reached ₩80 trillion
Virtual Asset Bills Poised for Congressional Passage State-Level Stablecoin Issuance to be Permitted 'GENIUS Act' Under Discussion in the House Bitcoin surpassed $120,000 for the first time in history. In Korea, it also broke its previous all-time hi
Chairman Seok Chang-gyu of Webcash Dives Back Into Financial SI A New Challenge in the Business He Gave Up 9 Years Ago "We couldn't proceed due to GPU costs, but banks have already secured a considerable amount The path for AI banking is opening, jus
Musk’s Artificial Intelligence Startup Will Tesla Become a Major Shareholder? Elon Musk, CEO of Tesla (pictured), announced on the 13th (local time) that he would put it to a shareholder vote whether to invest Tesla's funds in xAI, the artificial int
Trump: "Everyone is opening markets to lower tariffs…South Korea wants a deal" Taiwan begins negotiations to cut tariffs from 32%→15~20% Japan, ahead of the upper house election, remains cautious despite White House pressure Nikkei: "Not much time be