Apple and Kia close to finalizing Apple car deal
Feb 04, 2021 07:11 am UTC| Business Economy
Apple and Kia were previously reported to be teaming up to build the Apple electric car, but there was no follow-up information since then. This week, a local Korean newspaper published an article about the plans for...
Ant Group asked by China to restructure as a holding company
Feb 03, 2021 23:54 pm UTC| Economy Business Technology
Ant Group Co would be turned into a financial holding company based on a restructuring plan imposed by a Chinese regulator. The agreement calls for putting all of Ants businesses into the holding company, including its...
S. Korea to import 24 million eggs in February to stabilize prices, ease shortage
Feb 03, 2021 23:52 pm UTC| Economy
South Korea plans to import 24 million eggs after the Lunar New Year holiday, set for Feb. 11-14, in a bid to stabilize bird flu-induced surge of prices and ease a potential shortage. The outbreak of avian influenza...
Google suffers $1.2 billion Q4 operating loss in cloud business
Feb 03, 2021 17:59 pm UTC| Economy Business
Google Cloud suffered a $1.2 billion operating loss in the final quarter of 2020, four percent worse than a year earlier, to end the year with a $5.6 billion deficit for the full year, an increase of nearly 21...
Jeff Bezos gives up CEO post in Amazon and passes the torch to Andy Jassy
Feb 03, 2021 06:28 am UTC| Business Economy
Jeff Bezos, the main man behind Amazon, is vacating his post as the companys chief executive officer. The worlds richest person on earth is stepping down later this year and would be taking on a new role. The...
Feb 03, 2021 05:46 am UTC| Business Economy
Jack Ma was snubbed by Chinas state newspaper when it released a list of Chinese business leaders, and the Alibaba founders name is missing. He was always one of the best businessmen in his country, so the action of...
Goldman Sachs economist warns S. Korean investors of high exposure to US market risks
Feb 02, 2021 19:30 pm UTC| Economy Investing
Goldman Sachs senior Asia economist Goohoon Kwon warned South Korean retail investors that they are highly exposed to US market risks after their holdings in US stocks reached 80 percent. According to Kwon, with South...
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