Seoul, May 26 (IANS) South Korea is taking a cautious approach with the timing of its oil stockpile release under the agreement among International Energy Agency (IEA) members amid concerns there could be a global oil crisis in August, an industry ministry official said Tuesday.Earlier this year, Seoul pledged to release 22.46 million barrels of oil from its strategic reserves by June 9 under a joint plan adopted by 32 member nations of the IEA as part of efforts to help address disruptions in o…
Latest North America News & Updates
Seoul, May 26 (IANS) South Korea is taking a cautious approach with the timing of its oil stockpile release under the agreement among International Energy Agency (IEA) members amid concerns there could be a global oil crisis in August, an industry ministry official said on Tuesday.Earlier this year, Seoul pledged to release 22.46 million barrels of oil from its strategic reserves by June 9 under a joint plan adopted by 32 member nations of the IEA as part of efforts to help address disruptions i…
Mumbai, May 22 (IANS) Air India Chief Executive Campbell Wilson has said his successor will have “hands full” as the carrier struggles with a ban on using Pakistan’s airspace, fallout from the Iran war and higher operating costs due to strong US dollar.Speaking at an event in New York, Wilson said he would depart the company within two months and the next four years would be “just as challenging as the past, albeit in a different way.”He pledged to help ensure a smooth transition, and …
Seoul, May 20 (IANS) South Korea’s auto exports decreased more than 5 per cent from a year earlier in April, amid a sharp decrease in shipments to the Middle East due to a geopolitical crisis there, government data showed on Wednesday. But with higher oil prices caused by the Mideast crisis, domestic sales of electric vehicles increased sharply.The combined value of automobile exports came to $6.17 billion last month, down 5.5 per cent from the same month last year, according to the data from th…
New Delhi, May 20 (IANS) Meta Platforms on Wednesday began laying off nearly 8,000 employees as part of a sweeping restructuring exercise aimed at accelerating its shift toward artificial intelligence (AI), according to multiple reports.The Facebook-parent company started sending layoff notifications in phased waves, with the cuts and role transfers expected to affect around 10 per cent of its global workforce.Reports claimed that an internal document highlighted Meta’s plan to move nearly 7,0…
Rio de Janeiro, May 15 (IANS) Carlo Ancelotti has extended his contract as manager of Brazil’s national team until 2030, the Brazilian Football Confederation (CBF) said.The 66-year-old Italian took over as Brazil’s head coach in May 2025 and secured the team’s qualification for the FIFA World Cup 2026, which begins next month in the United States, Mexico and Canada. In total, he has been in charge for ten matches, with five wins, two draws, and three losses.“I arrived in Brazil a year ago….
Beijing, May 12 (IANS) FIFA Secretary General Mattias Grafstrom said on Tuesday that preparations for the 2026 FIFA World Cup remain on track, while also expressing optimism about the tournament’s expansion to 48 teams.The 2026 World Cup, which will be co-hosted by the United States, Canada, and Mexico, is scheduled to kick off on June 11 and will be the first edition featuring 48 teams instead of 32. “The preparations are going very well. We’re very excited. Only a few days left for the tournam…
New Delhi, May 9 (IANS) Large cache of previously classified files on unidentified anomalous phenomena (UAPs) has been released by the US Pentagon, which revealed decades of unexplained aerial sightings reported by astronauts, military personnel, intelligence officials and civilians.Officials said that the released material does not constitute proof of extraterrestrial life and many incidents remain officially “unresolved” because of limited evidence, missing data or other explanations, incl…
Washington, May 1 (IANS) US President Donald Trump approved a presidential permit for a major transborder pipeline project, signalling a renewed emphasis on energy infrastructure and North American supply integration.White House Staff Secretary Will Scharf described the project as “a transborder pipeline similar to the old Keystone XL pipeline.”“It will significantly expand our ability to move oil and gas around North America,” he said.Trump contrasted the approval with previous policy d…
New Delhi, April 29 (IANS) Satellite connectivity in smartphones will see significant growth as non-terrestrial networks (NTN)-capable devices are projected to account for 46 per cent of global smartphone shipments by 2030, a report said on Wednesday.The report from Counterpoint Research said that nearly one in two smartphones is expected to support satellite connectivity by 2030.Research Vice President Peter Richardson said that Apple, Google and Samsung will lead in terms of overall penetratio…