Yes, lockdowns are costly. But the alternatives are worse
Jul 01, 2021 03:41 am UTC| Economy
Lockdowns are costly. They damage businesses and livelihoods. Victorias recent lockdown cost about $100 million a day in lost economic activity, according to Victorian Treasury. NSWs current lockdown will cost about...
S. Korea, Saudi eye cooperation in hydrogen energy
Jun 30, 2021 23:21 pm UTC| Economy Business
South Korea and Saudi Arabia vowed to expand ties in the hydrogen energy sector as it aims to seek sustainable development through 2030. In a virtual meeting, South Koreas Industry Minister Moon Sung-wook opened up...
Southwest Airlines offers employees double pay to take extra shifts on Independence Day weekend
Jun 30, 2021 22:41 pm UTC| Economy Business
Southwest Airlines is offering employees higher overtime pay in early July to encourage them to pick up shifts to help avoid flight disruptions during an expected surge in Independence Day weekend travel. The...
Nestlé and Tyson team up with scientists on issuing environmental scores on food packaging
Jun 30, 2021 22:35 pm UTC| Economy Business
Nestlé and Tyson Foods are collaborating with supermarkets and scientists to launch a new non-profit organization dubbed Foundation Earth, which will issue environmental scores on food products in the...
Preferred Citibank Korea buyer may be named in July
Jun 30, 2021 22:25 pm UTC| Economy Business
Potential bidders for Citibank Koreas consumer banking business have started due diligence of the bank, leading to expectations that a preferred buyer could be named as early as next month. It was reported that several...
Japanese department store offers private jet trips for wealthy shoppers
Jun 30, 2021 22:21 pm UTC| Economy Business
The Matsuzakaya Nagoya department store in Japan is offering three-day, two-night domestic tour packages that let wealthy shoppers avoid crowded airliners and trains for about $18,200 per person for a group of...
United Airlines to hire 25,000 crew by 2026
Jun 30, 2021 10:00 am UTC| Business Economy
United Airlines has big plans for its future, and after the announcement of its order for 270 Boeing and Airbus jets, it was revealed that it is also planning to hire 25,000 employees by 2026. The latest hiring spree...
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