E-Mart shares soar to 172,000 won after owning 67.5% of Starbucks Korea
Jul 29, 2021 23:57 pm UTC| Economy Business
E-Mart Inc. shares soared to a near four-month high of 172,000 won Thursday after it bought an extra 17.5 percent Starbucks Korea stake for 473.3 billion won to become the coffee chains largest shareholder at 67.5...
S. Korea's growing drinking-at-home culture pushes wine imports to record $236.9 million in H1
Jul 29, 2021 23:57 pm UTC| Economy Life
South Koreas wine imports reached an all-time high value of $236.9 million in the first half, up 110 percent year-on-year as more people drink at home due to the prolonged pandemic. The figure broke the previous...
Boeing to face investor scrutiny on numerous jet woes
Jul 29, 2021 23:56 pm UTC| Economy Business
Boeing CEO Dave Calhoun will update investors on its latest set of challenges when the company reports second-quarter results, including the prospects for the 787 Dreamliner after identifying another issue with the...
Nissan upgrades outlook after posting 114.5 billion yen Q1 net profit
Jul 29, 2021 23:56 pm UTC| Economy Business
Japanese carmaker Nissan logged a 114.5 billion yen net profit for the three months to June, prompting it to upgrade its annual outlook from 60 billion yen net loss to a 60 billion yen net profit for the year to March...
Toyota to halt 3 more assembly lines in Japan over Vietnam COVID disruptions
Jul 29, 2021 23:55 pm UTC| Economy Business
Toyota Motor Corp will suspend another three assembly lines in Japan for several days in August due to coronavirus-triggered supply chain disruptions in Vietnam that would affect the production of around 5,000...
Ford posts surprise $561 million 2Q profit with factory output better than expected
Jul 29, 2021 23:55 pm UTC| Economy Business
Ford Motor Co. posted a surprise second-quarter profit of $561 million mainly because of better-than-expected factory production despite a global shortage of computer chips. The high sales prices for its pickup trucks...
Sugiyama resigns as Mitsubishi Electric CEO over inspection cheating
Jul 29, 2021 23:50 pm UTC| Economy Business
Takeshi Sugiyama has resigned as Mitsubishi Electric Corps president and CEO to take responsibility for years of cheating in train equipment inspections. Kei Uruma, formerly the Senior Vice President, has replaced...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects