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11/5
13:45
Samsung Electronics honors top researchers for the first time under its 1.2 trillion won science funding program
Samsung Electronics has recognized 10 outstanding researchers for the first time under its 1.2 trillion won (approximately $893 million) science funding initiative. The awards were announced at an annual research forum held in Seoul, attended by approximately 450 researchers, industry experts, and policymakers, who discussed breakthroughs in fields such as basic science, next-generation batteries, and artificial intelligence.
13:40
Posco and Korea University Develop New Manufacturing Method to Reduce Voltage Decay in Lithium Battery Cathodes
Posco Holdings has developed a new manufacturing method with Korea University to reduce voltage decay in lithium battery cathodes. The research was jointly conducted by a team led by Professor Park Hyuk-jun of the Department of Materials Science and Engineering at Korea University and the N.EX.T Hub research institute of Posco Holdings. It focuses on lithium-rich manganese-based cathode materials, aiming to improve the performance and lifespan of next-generation lithium-ion batteries by adjusting heat treatment temperatures without altering the material's chemical composition.
13:35
According to an analysis by the Brookings Institution, Russia and China may adopt more aggressive stances over the next two years if the Democrats take control of Congress.
In an interview with CNBC, Robert Kagan, a senior fellow at the Brookings Institution, stated that if the Democrats win control of both houses of Congress and U.S. President Donald Trump is weakened, Russia and China may adopt a more aggressive posture over the next two years. Kagan pointed out that the conflict with Iran has led to a severe depletion of U.S. air defense interceptor missiles and military stockpiles, while the deployment of U.S. aircraft carriers to the Middle East has also reduced its naval presence in Asia. Additionally, China, the U.S., and Russia are discussing the possibility of holding a trilateral summit later this month on the sidelines of the APEC Economic Leaders' Meeting in Shenzhen.
13:35
Samsung Biologics' labor union plans to launch a second wave of strikes on Friday, following previous walkouts that have already caused approximately $112 million in losses.
Samsung Biologics' labor union plans to launch a second wave of strikes on Friday, with approximately 400 workers expected to participate, despite a previous court injunction restricting industrial action within the company's production facilities. The strike is scheduled to run through November 27, marking a further escalation in the months-long wage dispute between the two parties, which has already caused the drugmaker cumulative losses of roughly 150 billion won ($112 million).
13:34
Germany's Merck to invest $338 million in new Asia-Pacific life science production center in Daejeon, South Korea
German science and technology giant Merck is investing $338 million (approx. €300 million) to build a new life science production center in Daejeon, South Korea. This facility marks Merck's largest life science investment in the Asia-Pacific region to date, aimed at advancing its "in-region, for-region" strategy to reduce reliance on US and European manufacturing hubs and tap into the Asian biopharmaceutical market.
13:31
US State of Arkansas Sues Prediction Market Platform Kalshi, Alleging Illegal Gambling
The state of Arkansas has filed a lawsuit against prediction market platform Kalshi, accusing it of operating illegal gambling. Previously, Utah and several other U.S. states had also initiated criminal or civil lawsuits against the company.
13:29
France is facing a new wave of strikes and protests amid a budget deadlock and cost-of-living concerns.
13:26
Samsung Electronics fell 7.57% from its previous close, currently trading at ₩201,500.
13:25
XRP Ledger Fixes Vulnerability Allowing Token Burners to Create New Tokens
The XRP Ledger has patched a vulnerability that allowed token burners to create new tokens. The fix officially went live on Wednesday, following a validator reset of the activation clock in October. XRP itself was unaffected by the vulnerability.
13:19
SK Hynix Appoints SK Group Chairman Chey Tae-won as Chairman of Hyaico, a $10 Billion US AI Investment Vehicle
SK Hynix has appointed SK Group Chairman Chey Tae-won as Chairman of the Board of Directors of Hyaico Corp., a U.S.-based artificial intelligence investment firm, to oversee up to $10 billion in investments in the U.S. AI industry. According to filings submitted by the company to the U.S. Securities and Exchange Commission (SEC), the firm previously announced its plans in January under the provisional name AI Co., with SK Hynix President Song Hyun-jong serving as CEO of Hyaico.
13:18
Russia deepened Iran support with missile launcher deal despite Ukraine war strains
13:18
UBS cuts external adviser spending by over $800 million and lays off 5,500 employees as Credit Suisse integration nears completion
13:18
Microsoft has declined a multi-billion dollar AI deal with UK-based Nscale, dropping plans to expand its Texas data center contract.
Microsoft has declined a multi-billion-dollar AI deal with UK-based Nscale, passing up an option to more than double the scale of a Texas data center contract, dealing another blow to the startup's initial public offering (IPO) plans.
13:18
International law firm A&O Shearman plans to invest $1.1 billion in artificial intelligence and is requiring its lawyers to spend at least 3% of their billable hours on developing AI tools.
13:15
Bitcoin holds above $80,000 as Zcash jumps 12% in post-election crypto rebound
Bitcoin holds above $80,000 as Zcash jumps 12% in post-election crypto rebound; Ether rose 8% as falling oil prices and a weaker dollar helped markets recover, even as traders weighed a tougher path for U.S. crypto legislation.
13:13
Zelenskyy hopes that the U.S. Democratic Party taking control of Congress will bring more aid and support for Ukraine. Russia, Ukraine, and the U.S. are scheduled to hold talks in Abu Dhabi from November 10 to 11.
Zelenskyy hopes that the U.S. Democratic Party maintaining control of Congress will bring more support for aid to Ukraine, with Russia, Ukraine, and the U.S. scheduled for talks in Abu Dhabi on November 10-11. Ukrainian President Volodymyr Zelenskyy stated that the Democratic Party winning control of both houses of Congress in the U.S. midterm elections is expected to secure more financial and military aid for Ukraine from the U.S. side. The Ukrainian side had previously confirmed that delegations from Ukraine, Russia, and the United States will hold a meeting in Abu Dhabi from November 10 to 11 to discuss ending the war and security arrangements for Ukraine.
13:10
Toyota Raises Profit Outlook as Strong Hybrid Sales Offset China Slowdown
13:05
Democrats warn tech CEOs to prepare for subpoenas and target Trump after midterm sweep
12:55
Arthur Hayes: AI Giant Equity Dilution May Weigh on Stock Prices, Short-Term Bearish for Bitcoin, While Central Bank Bailouts Hold Long-Term Promise
12:52
Wheat prices rose, driven by weaker Russian export prospects and the situation in the Black Sea.
12:51
Thiel-backed Crescendo raises $350m for $1b tech fund
12:46
The Legislative Council of the Hong Kong Special Administrative Region has passed the Crypto-Asset Tax Information Reporting Bill, requiring providers to collect customer transaction information starting in 2027.
The Legislative Council of the Hong Kong Special Administrative Region passed the crypto tax information reporting bill on November 4. The bill requires covered crypto-asset service providers to begin collecting customer transaction and other information starting in 2027, in order to assist the Inland Revenue Department of Hong Kong in initiating automatic exchanges of information (AEOI) with partner jurisdictions under the CARF starting in 2028.
12:35
Ssangyong Engineering & Construction Signs KRW 3.6 Trillion MOU with Dubai's Wasl
Ssangyong Engineering & Construction Signs KRW 3.6 Trillion MOU with Dubai's Wasl; Ssangyong E&C has signed a memorandum of understanding (MOU) worth KRW 3.6 trillion with Dubai-based real estate developer Wasl Group to cooperate on construction and development projects in Dubai over the next three years.
12:35
Bank of China’s short-term financing costs drop to record lows as PBoC shifts to overnight repo rate
Bank of China's short-term financing costs have fallen to historic lows as the People's Bank of China pivots toward the overnight repo rate as its primary policy anchor, a move widely viewed by the market as a de facto easing measure.
12:31
The Digital Chamber stated that Sherrod Brown's victory is the most substantial negative outcome for cryptocurrency.
The Digital Chamber stated that Sherrod Brown’s victory is the most substantially adverse outcome for cryptocurrency, noting that the Democratic Party is preparing to redirect the debate on crypto policy toward stronger consumer protection and regulatory accountability.
12:28
TAIEX fell 2.53% from its previous close, currently trading at 41,864.41.
12:21
Indonesia's Q3 GDP Grows 5.47% YoY, Supported by Government and Household Spending
12:20
The Islamic Revolutionary Guard Corps (IRGC) stated that two oil tankers and a tugboat caught fire in the Strait of Hormuz, and that two U.S. military drones were seized.
The Islamic Revolutionary Guard Corps (IRGC) stated that two oil tankers and a tugboat caught fire while attempting to pass through "unauthorized routes" in the Strait of Hormuz. One large oil tanker struck a mine and caught fire last night in the southern shipping lane of the strait; a second Very Large Crude Carrier (VLCC) caught fire while exiting the eastern section of the waterway, followed by an explosion and fire on a tugboat that had been dispatched to extinguish the flames. The statement added that its naval electronic warfare units intercepted two invading U.S. LUCAS drones, forcing them down and capturing them intact. Iran blamed the United States for the incident, citing its persistent efforts to guide vessels through mined shipping lanes.
12:16
Chan Mo-po: Hong Kong has become the world's largest cross-border wealth management center
According to RTHK on November 5, Financial Secretary Paul Chan stated at a wealth management summit that Hong Kong has become the world's largest cross-border wealth management center. Citing a survey conducted by the Hong Kong SFC in July, he noted that assets under management grew by 20% to exceed HK$42 trillion.
12:10
Syria and Saudi Arabia Sign Defense Cooperation Agreement and Reach Loan Deal Exceeding $400 Million
Syria and Saudi Arabia have signed a defense cooperation agreement alongside a loan package exceeding $400 million. During Syrian President al-Sharaa's visit to Riyadh, the defense departments of both nations signed the defense cooperation agreement. Simultaneously, the Saudi Fund for Development agreed to provide Syria with a total of over $403 million through six concessional loan agreements. These funds will support healthcare, housing, civil defense, the restoration of the Aleppo thermal power plant, and the development of drinking water systems in Damascus and Idlib.

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