The cost of a regular mortgage in the US has reportedly reached its highest level since the financial crisis of 2008, as the nation is struggling to control rising costs.
This week, the average rate of interest for a 30-year mortgage reached 6.02%, which is almost two times of what it was last year. The relocations make housing affordability issues worse for families who wish to purchase a home.
The increase coincides with the aggressive rate hikes made by the US central bank in a move to ease the pressures that are driving up inflati
Google, the American tech giant, has reportedly failed to overturn a fine of over €4 billion ($4 billion) for allegedly using its Android mobile operating system to hinder competitors with their operations.
The decision was upheld by the second-highest court on Wednesday but reduced the penalty from €4.34 billion ($4.33 billion) to €4.125 billion ($4.119 billion). In three inquiries over a decade, the competition commission of the EU has now fined the search engine a total of €8.25 billion ($8.23 billion) for antitrust violations.
Astrobotic, the Pittsburg-based robotic company, has reportedly acquired the California-based aerospace firm Masten Space Systems, which went bankrupt at the end of July.
The takeover comes after the successful $4.5 million proposal for Masten’s holdings in a Delaware-based bankruptcy court at the beginning of this month.
According to credible sources, Masten’s wide range of space technologies, such as its propulsion test facilities, vertical take-off as well as landing rocketry, are included in the deal.
Hanmi Pharmaceuticals, the South Korean pharma company, has reportedly received its first ever approval from the United States Food Drug Administration (FDA) with its new biomedicine Rolontis.
According to the announcement from Spectrum Pharmaceuticals, Hanmi Pharmaceutical's US partner, the FDA approved Rolontis on Friday as a treatment for neutropenia, a condition in which the body lacks a particular type of white blood cells and is unable to fight infections, especially bacterial ones.
The most frequent reasons for neutropenia
On Monday, Korean industry officials reported that after the Chuseok holiday, food prices are expected to rise as businesses move to reflect the skyrocketing costs of imported raw materials.
Typhoon Hinnamnor and other adverse weather phenomena over the past weeks, along with the won's ongoing depreciation against the USD have raised the price of a variety of agricultural items, ultimately increasing the financial burden on households.
The Korea Rural Economic Institute (KREI) claims that compared to last, the local supply of vege
Under Enterprise Singapore’s Global Innovation Alliance (GIA) acceleration programs, the number of Singapore-based start-ups expanding overseas has reportedly risen to over 400 in less than five years.
Experts argue that Vietnam is becoming one of the well-liked locations because of its sizable market, substantial labor force, and affordable labor costs.
According to James Tan, the venture capital firm Quest Ventures’ managing partner, Vietnam has a technologically savvy and a growing middle-class population, making it a p
SK Bioscience, the South Korean biotech company, has reportedly applied to the World Health Organization (WHO) for a EUL or emergency use listing of its SKYCovione vaccine, which is South Korea's first locally developed COVID-19 vaccine.
The WHO reviews vaccinations, therapeutics, as well as in-vitro diagnostics as part of its emergency use listing process in order to speed up the public's accessibility to such vaccines in the event of a public health emergency.
Since the WHO's assessment evaluates data on quality, safety,
Chengdu a city of 21.2 million people and the capital of the southwestern Chinese province of Sichuan, has extended the coronavirus quarantine of most of its districts indefinitely in the hope of preventing new transmissions.
The megacity, which has lately dealt with power outages, heatwaves, as well as an earthquake, was brought under lockdown on September 1 after authorities discovered several cases, making it the largest Chinese city to have restrictions since Shanghai earlier this year.
As per Chengdu authorities, the lockdown was
South Korea recorded a current account surplus for the third consecutive month in July, but reportedly, the surplus shrank as the goods balance turned negative for the first time in around a decade due to rapidly climbing import costs for energy as well as other goods, according to central bank data.
As per preliminary results from the Bank of Korea (BOK), the nation's current account surplus decreased to $1.09 billion in July from a surplus of $5.61 billion in the previous month.
The report showed that the July surplus was also c
