
Christmas markets: their long history and changing future
Dec 06, 2020 09:22 am UTC| Business
Wooden huts with twinkling fairy lights, festive hubbub, and the aromas of roasted chestnuts and glhwein this picture-postcard setting is recreated annually across UK towns and cities in December. This year, however, most...

S. Korea to pressure global internet giants Netflix, Google, and Facebook to improve services
Dec 05, 2020 23:54 pm UTC| Business
South Koreas revised Telecommunication Business Act will take effect on Dec. 10, making internet giants, such as Netflix, Google, and Facebook responsible for providing stable services to users regardless of the devices or...

Japan's Uniqlo to close main S.Korean outlet
Dec 05, 2020 22:23 pm UTC| Business
Japanese fashion retailer Uniqlo will close its global flagship store in Myeongdong, central Seoul on Jan.31 after a sharp drop in sales stemming from the pandemic and a trade dispute between South Korea and Japan. The...

Flipkart's PhonePe eyes profitability by 2022 with additional Walmart investment
Dec 05, 2020 15:49 pm UTC| Business
Flipkart is partially spinning off its digital payments business PhonePe to raise $700 million from existing investors led by Walmart to achieve profitability by 2022 and a public listing the following year. The extra...

Boeing marks first orders for 737 Max since crashes, with Ryanair buying 75 planes
Dec 05, 2020 14:34 pm UTC| Business
Irish airline Ryanair has ordered 75 more Boeing 737 Max aircraft on top of the 135 units it agreed to buy, pushing its order value to $22 billion. Ryanair would take delivery of the planes early next year. The US...

Lawmakers from 34 countries back campaign vs Amazon
Dec 04, 2020 23:09 pm UTC| Business
Over 400 lawmakers from 34 countries have signed to support a campaign dubbed Make Amazon Pay launched by a coalition of over 50 organizations, which demands improvements to working conditions and full tax...

Korea Shipbuilding receives 100 billion won order for LPG carriers from Liberia.
Dec 04, 2020 20:36 pm UTC| Business
The Korea Shipbuilding Offshore Engineering Co. clinched a 100 billion won order to build two 40,000-cubic-meter liquefied petroleum gas (LPG) carriers from a Liberian company. The carriers will be built by Hyundai...