
American Airlines creates program to sell and ship excess wine
Jan 22, 2021 22:14 pm UTC| Business
American Airlines hopes to bring in $40,000 to $50,000 during the first three months of the year by selling and shipping some of its excess wine directly to peoples homes. The wine was meant to be served to...

S. Korean's stockholdings in Tesla reach $7.8 billion
Jan 22, 2021 20:18 pm UTC| Economy Business
South Korean investors have collectively acquired $7.8 billion worth of Tesla stocks at the end of 2020, accounting for 16.6 percent of the entire $47 billion foreign currency-denominated stock holdings of Korean...

Volkswagen faces EU fine for missing 2020 emissions targets
Jan 22, 2021 18:04 pm UTC| Economy Business
Volkswagen is facing a fine of over $121 million for narrowly missing EU targets on carbon dioxide (CO2) emissions from its 2020 passenger car fleet. CEO Herbert Diess blamed the COVID-19 pandemic for its failure to...

Hyundai E&C swings to Q4 loss mainly due to currency-related woes
Jan 22, 2021 15:50 pm UTC| Business Economy
Hyundai Engineering Construction Co. shifted to a net loss of 122 billion won in the fourth quarter of 2020 after posting a net profit of 6.9 billion won in the same period last year, mainly due to the US dollars strength...

S. Korea to deploy ships to cushion exporters from soaring freight rates
Jan 22, 2021 12:11 pm UTC| Economy Business
South Korea will deploy at least five vessels by the end of February to support exporters facing increasing freight costs amid soaring demand. According to the Ministry of Trade, Industry, and Energy, HMM Co., South...

S. Korea favored by WTO in tariff case against US
Jan 22, 2021 10:44 am UTC| Economy Business Law
The World Trade Organization (WTO) favored South Korea in its lawsuit against the US for levying high tariffs on its steel and power transformer products since May 2016. According to the WTO panel, eight cases of...

MeWe: Social media users are signing up on ‘anti-Facebook’ rival platform due to data privacy issues
Jan 22, 2021 10:32 am UTC| Business
MeWe is an American social media platform that has been described as anti-Facebook. This is due to the fact that the company is promoting itself as the next-gen social networking site with no BS. No Ads and No Spyware,...