Exclusive. Top economists call for budget measures to speed the switch to electric cars
Jun 20, 2021 12:05 pm UTC| Economy
Australias top economists overwhelmingly back government measures to speed the transition to electric cars in order to meet emission reduction targets. An exclusive poll of 62 of Australias preeminent economists ...
Why has growth slowed globally? It has something to do with technology
Jun 20, 2021 11:57 am UTC| Insights & Views Economy
Even before COVID-19 hit, Australia was experiencing slow growth in GDP per capita and real wages. There has been a distinctly lower rate of both economic and real wages growth since the financial crisis of...
S. Korea’s coal power firms shunned from financing due to application of ESG standards
Jun 19, 2021 21:00 pm UTC| Economy Business
Financial investors are increasingly shunning South Koreas coal power companies due to the growing adoption of environmental, social, and governance (ESG) standards in investment. Brokerage companies are now reluctant...
Kakao T, two other taxi-hailing brands register as transportation operators
Jun 19, 2021 19:52 pm UTC| Economy Business
South Koreas government has officially approved three major taxi-hailing service brands as platform operators, namely are Kakao T of Kakao Mobility, Banban Taxi of Kornatus, and i.M. Taxi of Jin Mobility to diversify means...
Singapore replacing Hong Kong as financial hub for S.Korean banks
Jun 19, 2021 15:26 pm UTC| Economy Business
Major South Korean banks are rushing to establish their presence in Singapore, which is replacing Hong Kong as Asias financial hub. Hana Financial Group Inc. and KB Kookmin Bank recently obtained preliminary approval to...
Hyundai NEXO, Toyota Mirai left to compete in fuel cell car market after Honda's exit
Jun 19, 2021 15:16 pm UTC| Economy Business
Japans Honda Motor Co. will stop producing the Clarity fuel-cell car in August this year as part of a broader push to trim underperforming models, thereby exiting the hydrogen fuel cell vehicle market. Hondas exit...
Sumitomo shareholders, board insist on financing fossil fuel projects
Jun 19, 2021 15:08 pm UTC| Economy Business
Sumitomo Corp shareholders defeated a resolution requiring the firm to align its business with international climate change targets at their annual general meeting. The Japanese trading houses board is against the...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects