Seoul, May 6 (IANS) US-listed e-commerce giant Coupang said on Wednesday it swung to a net loss in the first quarter amid fallout from a massive customer data breach in South Korea.The company posted a net deficit of $266 million in the January-March period, compared with a net profit of $114 million a year earlier, Coupang said in a press release, reports Yonhap news agency.Coupang also turned to an operating loss of $242 million in the first quarter from a net profit of $154 million a year ago…
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Washington, May 6 (IANS) US Secretary of State Marco Rubio stepped up pressure on China and Russia over the Strait of Hormuz crisis, warning that countries helping Iran evade sanctions could face economic consequences from the United States.Speaking during a White House briefing, Rubio said the Trump administration was preparing a renewed push at the United Nations while also warning Beijing that its economic interests were being harmed by Iran’s actions in the Gulf.“We’re going to the UN,…
Taipei, May 6 (IANS) A cross-party delegation of Indian political leaders arrived in Taiwan for a six-day visit till May 9 at the invitation of the Taiwan government, the Taiwanese Ministry of Foreign Affairs said.The delegation includes new generation political leaders from major Indian political parties such as the Bharatiya Janata Party (BJP), the National People’s Party (NPP), Congress, and the Shiv Sena-UBT, the Ministry said on Tuesday.The Ministry expressed its sincere welcome to the dele…
Washington, May 3 (IANS) There could be geopolitical and economic consequences if US President Donald Trump were to compromise on Taiwan during any future engagement with Chinese President Xi Jinping, the European Times said in a report. According to the European Times report, “the stakes extend far beyond the ceremonial optics of a summit”, warning that any move to dilute support for Taiwan could have far-reaching implications for US global standing.”If Trump were to compromise Taiwan’s secur…
New Delhi, May 3 (IANS) As long as the artificial intelligence (AI) trade continues, the trend of foreign portfolio investors (FPIs) outflows from India is likely to continue, analysts said on Sunday.A significant trend in FPI flows this year is that Japan, South Korea and Taiwan are attracting significant inflows while India and some other emerging markets which are facing headwinds from the energy crisis and currency depreciation are facing outflows. “An important factor driving capital flows …
New Delhi, May 2 (IANS) China-aligned hackers have targeted government and defence sectors across South, East and Southeast Asia, along with a NATO member in Europe, in a fresh cyber espionage campaign, a report has claimed.A report by The Hacker News highlighted that the activity has been attributed to a threat cluster tracked as ‘SHADOW-EARTH-053’, which researchers assess has been active since at least December 2024, and shares overlaps with previously identified groups such as Earth Alux and…
New Delhi, May 1 (IANS) The energy crisis triggered by the closure of the Strait of Hormuz amid the Middle East conflict has also brought out the contrasting styles in which India and China deal with their neighbours in an hour of need. When China offers energy, as it did with Taiwan, the offer arrives bundled with a political price tag attached to it. When India supplies fuel to Nepal or Sri Lanka, it does so through existing intergovernmental frameworks, with no conditions on sovereignty or po…
New Delhi, May 1 (IANS) The US Navy’s blockade of Iran has built economic pressure on Tehran that continues even though the ceasefire has led to a temporary pause in fighting, according to a new report.The blockade has also hit China’s purchases of Iran’s oil, at discounted prices, deals for which were being carried out through a covert financial system and a fleet of ghost tankers.According to an article in Sky News Australia, Iran’s Islamic Revolutionary Guard Corps (IRGC) has sustained …
Taipei, May 1 (IANS) Taiwan has accused China of smuggling vegetables into the self-ruled island through Vietnam to avoid import restrictions, with officials pledging to impose a crackdown on a practice they termed “origin washing.” Taiwan, which has prohibited import of over 1,000 Chinese agricultural and fishery products, said companies in China were avoiding restrictions by rerouting vegetables like Napa cabbage and shiitake mushrooms through Vietnam, British daily newspaper, The Guardian rep…
New Delhi, April 28 (IANS) US tech giant Google on Tuesday said Indian users can now save their Aadhaar Verifiable Credentials directly in Google Wallet to verify identity for everyday uses in a secure, digital-first way.Everyday use cases include proving age for entertainment to enabling trusted interactions across services like BharatMatrimony, Atlys, and more, the blog post from Google said.The feature, built on the company’s partnership with UIDAI, will help users to verify identity on the…