Korean Air, Asiana Airlines sign $260 million engine maintenance deal
May 14, 2021 09:16 am UTC| Business Economy
Korean Air and Asiana Airlines have signed a new contract worth ₩290 billion or about $260 million. The leading carriers in South Korea have teamed up for an engine maintenance deal. As per The Korea Times, Korean Air...
Hyundai Motor investing $7.4 billion in the U.S. and will focus on EV production
May 14, 2021 08:50 am UTC| Business Economy
Hyundai Motor Group announced on Thursday, May 13, that it will be investing $7.4 billion in the U.S. by 2025 with the aim of producing electric vehicles. The investment will also go to improving the production line and...
S. Korea to build the world's largest semiconductor manufacturing complex
May 14, 2021 08:04 am UTC| Business Economy
South Korea revealed its plan to build a chip manufacturing complex as it aspires to become the worlds largest semiconductor manufacturing hub and chip supply chain. The government announced on Thursday, May 13, that it...
Google slapped with $123M fine for alleged anti-competitive behavior in Italy
May 14, 2021 06:10 am UTC| Business Economy
Google was fined $123 million or 102 million by Italys anti-trust authority and this was reported on Thursday, May 13. The penalty was said to be for alleged abuse of market position after it shut out its rivals smartphone...
Boeing will resume deliveries of 737 Max after FAA approves electrical fix
May 14, 2021 05:49 am UTC| Business Economy
Boeing revealed on Thursday, May 13, that it will be resuming the deliveries of its 737 Max jets and will probably start this week. The announcement came after receiving approval from the U.S. Federal Aviation...
SK Innovation posts 502.5 billion won operating profit in Q1, expects strong battery orders
May 13, 2021 23:19 pm UTC| Economy Business
SK Innovation Co. posted a 502.5 billion won operating profit on a consolidated basis in the first quarter, turning around from a loss of 1.8 trillion won in the previous year. The profit, the first in five quarters for...
Cruise expects production start of its driverless vehicle Origin in early 2023
May 13, 2021 23:15 pm UTC| Economy Business
Cruise expects production of its driverless shuttle called the Origin to begin in early 2023, according to CEO Dan Ammann. The Origin is the Cruises first vehicle designed to operate without a driver. Thus, it does...
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