News

South Korea launches its first successful rocket

Published

2 years ago

June 22, 2022

ticker NEWS

South Korea has made history, sending its first ever satellite to space

South Korea is one step closer to becoming a global space player with the launch of its first ever rocket into orbit.

The rocket is named Nuri, and was built domestically with the help of local companies and the Korean Aerospace Research Institute.

“The sky of the Korean universe is now wide open,” says Lee Jong-ho, who is the nation’s Science and ICT Minister. “Our science and technology has made great strides,” he says.

The rocket launched at 4pm local time, and was confirmed to be successful 70 minutes after launch.

The $1.5 billion mission will test an antenna, generator, and other equipment whilst in space.

President Yoon Suk-yeol watched the launch from his office, and reaffirmed his commitment to create a new agency for space affairs.

The launch is South Korea’s second attempt at launching a satellite into orbit.

Katerina Kostakos contributed to this report.

Money

Why “stagflation” will be the greatest financial threat of 2024

Published

8 hours ago

May 6, 2024

Nathan Langridge

With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

News

Will Tesla’s supercharger layoffs eventually payoff?

Published

8 hours ago

May 6, 2024

Nathan Langridge

Tesla CEO Elon Musk dissolves supercharging team, leaving customers stranded.

Elon Musk’s decision to disband Tesla’s electric vehicle charging team has left customers concerned about the future of the company’s charging infrastructure.

The move comes as a surprise to many, considering Tesla’s commitment to expanding its charging network to support its growing fleet of EVs #featured

News

TikTok’s fate in the United States

Published

3 days ago

May 4, 2024

ticker NEWS

TikTok’s fate in the United States has never been more in doubt.

Congress approved a bill, which President Joe Biden signed into law that gives its Chinese parent company two options: sell it to an approved buyer or see it banned.

But now, the owners of the popular social media app says they’re preparing to challenge the statute in court.

Andy Keiser a Senior Fellow at the National Security Institute, and a Former Senior Advisor for the House Intelligence Committee joins Veronica Dudo to discuss. #IN AMERICA TODAY #featured #business #socialmedia #TikTok #TikTokban #nationalsecurity