Hyundai Engineering's bid selected for Poland plant project
May 25, 2021 23:52 pm UTC| Economy Business
A Hyundai Engineering Co. consortium has been selected as the preferred bidder for a US$2.4 billion project to utilize naphtha from a petrochemical complex in Poland to be used in the production of ethylene. The...
S. Korea to assist auto chip parts makers with tax benefits, other financial support
May 25, 2021 23:44 pm UTC| Economy Business
South Korea will provide tax incentives and financial support to corporate projects to develop eight key parts and materials, such as automotive chips and rare-earth permanent magnets used for electric vehicles. The...
US federal funding could result in up to 10 new chip factories
May 25, 2021 23:40 pm UTC| Economy Business
A proposed $52 billion boost in US federal funding for semiconductor production and research could unlock private capital resulting in up to 10 new factories, according to US Commerce Secretary Gina Raimondo. The...
Renault-Nissan workers in India go on strike today due to company's failure on COVID safety demands
May 25, 2021 23:36 pm UTC| Economy Business
Renault-Nissans workers at its car plant in Tamil Nadu, southern India will go on strike today for the failure of the company to meet their COVID-related safety demands. The strike threat comes ahead of a court hearing...
Japan's Kawasaki Heavy builds world’s liquid hydrogen tanker
May 25, 2021 23:32 pm UTC| Economy Business
Kawasaki Heavy Industries Ltd. has now developed the worlds first liquified hydrogen tanker expected to be used for Japans goal of utilizing hydrogen and ammonia as the fuel for 10 percent of electric power generation by...
Burger King opening world’s first Plant-based restaurant in Germany
May 25, 2021 09:45 am UTC| Business Economy
Burger King is teaming up with The Vegetarian Butcher, a Dutch brand that produces plant-based meat, to open the worlds first Plant-based BK restaurant. The unique eating place will be launched in Cologne, Germany. As...
McDonald's offering free iPhones to lure people to apply
May 25, 2021 09:07 am UTC| Business Economy
McDonalds just showed how desperate it is to hire new employees when it went as far as posting a hiring sign that says it will be giving away free iPhones to new hires after six months of working in the restaurant. The...
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