
Air Busan to resume Qingdao flights to address demand from businessmen
Sep 29, 2020 23:50 pm UTC| Business
Air Busan Co. will begin offering weekly Busan to Qingdao flights from October 15 to meet travel demand from businessmen. According to the budget carrier unit of Asiana Airlines Inc., it suspended the route for over...

Samsung tops global smartphone sales with 22% share
Sep 29, 2020 23:44 pm UTC| Business
Samsung Electronics Co. accounted for a 22 percent share of the global smartphone market in August, edging Huawei with a 16 percent share to become the worlds top smartphone vendor. The six percent gap between the two...

Walmart eyeing $25 billion investment in Tata app
Sep 29, 2020 23:34 pm UTC| Business
Walmart Inc is seeking an investment of up to $25 billion in Tatas planned super app, scheduled to be launched in India in December or January. The app will tie in all of Tatas consumer business, from insurance,...

HHI awarded 420 billion won order for 4 crude carriers
Sep 29, 2020 23:23 pm UTC| Business
Hyundai Heavy Industries Co. (HHI) secured a 420 billion won deal to build four 300,000-ton crude carriers by the first half of 2022 for companies from Europe and Oceania. The buyers names were not revealed. HHI has...

Samsung teams up with Microsoft to accelerate 5G expansion
Sep 29, 2020 23:18 pm UTC| Business
Samsung Electronics Co. collaborated with Microsoft Corp. to provide accelerated 5G expansion for enterprises and help them deploy private 5G networks faster. The South Korean tech giant will deploy its virtualized...

Singapore Airlines scraps ‘flights to nowhere’ due to environmental concerns
Sep 29, 2020 23:12 pm UTC| Business
Singapore Airlines dropped its flights to nowhere plan after an outcry by activists over its environmental impact. Environmental activists from SG Climate Rally said that the plan would encourage carbon-intensive travel...

Saudi Arabia fortifies position as largest Islamic finance market
Sep 29, 2020 23:05 pm UTC| Business
Moodys expects Islamic financing in Saudi Arabia to reach around 80 percent of system-wide loans in the next 12-18 months, up from 78 percent of loans in 2019 and 70 percent in 2013. Moodys noted that corporates and...