
S. Korea denies the US took Japan's side in trade row
Aug 06, 2020 06:26 am UTC| Business
The Korean Ministry of Trade, Industry and Energy maintains through a press release that the US did not side with Japan in advocating the World Trade Organizations noninvolvement in security issues. The ministry...

Samsung hopes to regain lost ground with new Note, foldable phone
Aug 06, 2020 06:19 am UTC| Business
Samsung Electronics Co Ltd is hoping that its newly-unveiled Galaxy Note and Z Fold 2 foldable phone could regain ground against Huawei. The company also bared an updated tablet, smartwatch, wireless earbuds. Samsung...

Daimler steps up collaboration with CATL for increased ranges, reduced charging times
Aug 06, 2020 01:36 am UTC| Business
Chinese battery manufacturer CATL will deliver battery packs that would give Mercedes-Benz cars 700 kilometers of range with higher recharging speeds, based on its agreement with Daimler. The partnership would include...

Zoom to triple workforce in India
Aug 05, 2020 23:25 pm UTC| Business
Videoconferencing company Zoom announced it would triple its existing workforce in Indias financial capital, Mumbai, while also establishing new data centers in Bangalore and Hyderabad. According to the companys chief...

South Africa's diamond industry relies on local demand for jewelry to reverse fortunes
Aug 05, 2020 23:18 pm UTC| Business
South African diamond polishers are enjoying increased demand as the pandemic-enforced proximity kindled romance and feel-good spending. Nungu Diamonds, a Johannesburg-based cutting and polishing firm, saw its...

Hanmi seals $860-M licensing deal for liver treatment material with MSD
Aug 05, 2020 08:48 am UTC| Business
Hanmi Pharmaceutical will get US$10 million from Merck Sharp Dohme (MSD) as initial contract payment in an $860 million exclusive licensing deal for the development, manufacture, and commercialization of its liver...

Clorox's disinfecting wipes to run low in stocks until 2021
Aug 05, 2020 08:29 am UTC| Business
Cloroxs disinfecting wipes wont be fully available in groceries until next year, with stocks running low due to the six-fold increase in demand, says CEO Benno Dorer. According to Dorer, other than being the hottest...
Tariff Tremors: Trump’s Greenland Fight Rattles Global Markets