
Hyundai to recall 180,000 SUVs in US due to faulty anti-lock braking system
Sep 12, 2020 14:06 pm UTC| Business
Hyundai Motor Co. has recalled around 180,000 SUVs in the US due to defective anti-lock brake circuit boards that can cause fires. South Koreas largest carmaker by sales has been informed of a dozen engine fires caused...

TikTok operator earmarks billions for investment in Singapore
Sep 12, 2020 08:20 am UTC| Business
TikTok owner ByteDance will invest billions of dollars in Singapore while recruiting hundreds of employees and stepping up the installation of servers in the Southeast Asian country to back up US data. There are...

Chinese firms seek to acquire Philips’ $3.6 billion home appliances unit
Sep 12, 2020 06:00 am UTC| Business
Chinese firms Joyoung, Gree Electric, Haier, and Midea are among those eyeing to acquire the $3.6 billion domestic appliances business of Dutch conglomerate Philips. A Philips spokesman said that they expect to start...

Samsung No. 1 smartphone vendor in Egypt with 23.8% market share
Sep 11, 2020 21:51 pm UTC| Business
Samsung Electronics Co. topped Egypts smartphone market from April to June with 23.8 percent of sales. Trailing Samsung were Chinese brands Oppo at second and third-placer Xiaomi. According to market researcher...

A Beginner’s Guide to Gold Investments
Sep 11, 2020 11:00 am UTC| Business
Gold has always been one of the best assets to invest in. Going back to about 5,000 years ago, gold provided a safe haven for those who were affected by war, devaluations, political unrest, and economic crises. During...

DHIC to provide floating turbines to East Sea offshore wind farm
Sep 11, 2020 05:18 am UTC| Business
Doosan Heavy Industries Construction Co. (DHIC) will provide floating wind turbines to Korea National Oil Corp.s floating offshore wind farm project in the East Sea, off the coast of Ulsan. The project, announced by...

BP invests $1.1 billion in US offshore wind projects to power 2 million homes
Sep 10, 2020 23:39 pm UTC| Business
BP is investing $1.1 billion into offshore wind power in the US through the purchase from Norways Equinor of a 50 percent stake in the Empire Wind and Beacon Wind projects. The projects, located off New York City and...
Tariff Tremors: Trump’s Greenland Fight Rattles Global Markets