Urgent.News

What's breaking now, across thousands of outlets.

Continued

Finance & Markets

Korea Eximbank to Provide $1.2 Billion Financing to Saudi Power Utility

The Export-Import Bank of Korea (Korea Eximbank) will provide $1.2 billion in financing to Saudi Arabia’s state-owned power utility to support South Korean companies seeking to participate in the…

  • Korea Eximbank provides $1.2 billion financing to Saudi power utility
  • Funding supports South Korean firms in Saudi power infrastructure sector
  • Initiative aims to boost exports of power equipment from Korean suppliers

Finance & Markets

SK Hynix Announces Massive Treasury Share Buyback

SK Hynix has decided to acquire and completely cancel 40 trillion won ($30.76 billion) worth of its own shares, throwing down a gauntlet to enhance shareholder value.

  • SK Hynix plans 40 trillion won ($30.76 billion) treasury share buyback.
  • Share buyback begins August 20, lasts three months.
  • Move is largest cancellation in domestic listed history.

AI

Netanyahu government launches AI plan amid doubts over budget, infrastructure- analysis

Last Wednesday, the National AI Directorate shifted into high gear and presented details of the plan at a special press conference conducted by Askal in its new offices in a flashy Ramat Gan building

  • Netanyahu's government launched AI plan with National Artificial Intelligence Directorate.
  • Plan includes AI lessons for students, bringing scientists to Israel, and exploring robotics.
  • Plan lacks detailed budget and solutions for server farm infrastructure issues.
Continue reading →