South Korea to build world's largest offshore wind farm for 48.5 trillion won
Feb 05, 2021 23:44 pm UTC| Economy Business
South Korea unveiled a plan to build the worlds largest offshore wind power plant with a maximum capacity of 8.2 gigawatts at 48.5 trillion won as a major component of President Moon Jae-ins Green New Deal. The 8.2 GW...
US thanks Taiwan for helping resolve auto chips shortage
Feb 05, 2021 23:40 pm UTC| Economy Business
The US expressed its gratitude to Taiwan for helping resolve a chip shortage that has snarled auto production, said Taiwan Economy Minister Wang Mei-hua. It transpired during a high-level closed-door meeting attended by...
Tiktok rival Kuaishou raises $5.32 billion in world's biggest IPO since 2019
Feb 05, 2021 23:25 pm UTC| Economy Business
The Tencent-backed Kuaishous stock closed at $38.70 apiece, marking a 161 percent jump over the $14.80 the firm issued them at, raising $5.32 billion in the offing--the biggest IPO since the pandemic began. If the...
Ford posts strong Q4 results, vows to invest $29 billion on electric and self-driving cars
Feb 05, 2021 23:20 pm UTC| Economy Business
Ford made $1.3 billion in the fourth quarter of 2020, excluding special items, more than twice the $499 million made in the last quarter of 2019, as it vows to invest $29 billion in electric and autonomous vehicles. But...
Yogiyo, eBay: South Korean brands struggle to find buyers
Feb 05, 2021 11:12 am UTC| Business Economy
Yogiyo and the South Korean division of eBay are two of the major companies that have been listed for sale this year. While these businesses are still active and can be lucrative, it was revealed that no one is interested...
General Motors forced to reduce production in the U.S. and S. Korea due to chip shortage
Feb 05, 2021 10:32 am UTC| Business Economy
General Motors announced this week that it will be reducing its production at four factories. The American automaker was forced to do this as chips needed to complete a vehicle has run out already. GM reveals the...
CGTN: UK regulators cancel Chinese news channel’s broadcasting license
Feb 05, 2021 06:57 am UTC| Business Economy
CTGN or the China Global Television Network, the Chinese state-owned broadcaster, has been pulled out from UKs TV programming. The regulators in the United Kingdom revoked its license to air on Feb. 4. Reason for 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
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