EU planning to follow Australia and make Google, Facebook pay for news content
Feb 10, 2021 06:39 am UTC| Business Economy
The European Union is reportedly mulling on going after big tech companies, including Google and Facebook, by asking for news content payments. The EU is said to have warned that it may copy Australia for its new media...
South Korea loses 982,000 jobs
Feb 10, 2021 00:53 am UTC| Economy
South Korea reported a 982,000 drop in the number of people employed in January, its largest job loss since December 1998 due to the effects of the coronavirus outbreak. The number of employed South Koreans reached 25.8...
S. Korean shipyards get 54% of global new orders in January
Feb 09, 2021 23:51 pm UTC| Business Economy
South Korean shipyards were awarded 910,000 compensated gross tons (CGTs) of new orders to outpace their Chinese rivals for the seventh straight month in January. The orders received by South Korean shipyards represent...
Honda’s profit more than doubles to $2.7 billion despite pandemic damage
Feb 09, 2021 23:48 pm UTC| Economy
Hondas fiscal third-quarter profit more than doubled to $2.7 billion from the reported $1.1 billion profit a year earlier, with auto sales increasing in Japan and the US despite the pandemic and other difficulties...
S. Korea's 2020 tax revenue drops by 7.9 trillion won
Feb 09, 2021 23:45 pm UTC| Economy
South Korea collected 285.5 trillion won in taxes in 2020, dropping 7.9 trillion won from the 293.5 trillion won collected the previous year as corporate tax earnings declined amid the pandemic. Last year, the...
Negative interest rates may not boost UK economy – here's what the Bank of England should try first
Feb 09, 2021 11:44 am UTC| Economy
The Bank of England has given banks and building societies in the UK six months to prepare for the possible introduction of negative interest rates for the first time in its 327-year history. Savers may be starting to...
Robinhood sued by parents over the death of their trader son
Feb 09, 2021 10:23 am UTC| Business Economy
Robinhood Markets Inc. is an American financial services company that is known to offer commission-free trades of stocks and exchange-traded funds. It has been on the news recently due to the controversies relating to...
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
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight