
US study finds global chip supply chain vulnerable to massive disruption
Apr 02, 2021 00:02 am UTC| Business
The Semiconductor Industry Association, a US industry group, says that the global semiconductor supply chain has become increasingly vulnerable to geopolitical disruptions and natural disasters as suppliers become more...

Kia's sales soar 19% in March due to SUV demand
Apr 02, 2021 00:00 am UTC| Business
Kia Corp. sold 251,362 vehicles in March, up 19 percent from the 231,543 units a year ago, due to robust SUV demand. Overseas sales increased 11 percent on-year to 200,351 units due to the low base effect caused by the...

Boeing urges US to separate trade relations with China from other disputes
Apr 01, 2021 23:50 pm UTC| Business
Boeing Co urged the US to keep trade relations with China separate from human rights and other disputes or risk losing out to European rival Airbus. According to Boeing CEO Dave Calhoun, his company cannot afford to be...

Microsoft wins $21.9 billion US Army deal to supply augmented reality headsets
Apr 01, 2021 23:47 pm UTC| Business
Microsoft Corp has been awarded a deal potentially worth up to $21.88 billion over 10 years to supply the US Army with augmented reality headsets based on its HoloLens product and backed by Azure cloud computing...

Honda recalling over 628,000 U.S. vehicles for fuel pumps defect
Apr 01, 2021 10:22 am UTC| Business
Honda will recall a total of 628,124 vehicle units in the U.S. The call back is in connection to an issue with the fuel pumps. ABC News reported that Honda would be replacing the said car part after discovering that it...

CJ ENM, Lotte, and E-mart competing to acquire W Concept
Apr 01, 2021 10:02 am UTC| Business
CJ ENM, Lotte, and E-mart are three major companies that are reportedly competing to acquire W Concept, a womens fashion shopping mall in South Korea. These companies are included in the shortlist and already in the...

SK Holdings acquires French pharmaceutical company Yposkesi
Apr 01, 2021 09:52 am UTC| Business Economy
SK Holdings revealed its acquisition of a French drug-maker called Yposkesi this week. The third-largest conglomerate in South Korea made the purchase in its bid to strengthen its competitive power in the global markets...