S. Korean shipbuilders to resist price hike demands by local steelmakers
Jan 30, 2021 10:42 am UTC| Economy Business
South Korean shipbuilders have reached a consensus not to agree to local steelmakers demands to increase prices of thick steel plates, which account for about one-fifth of shipbuilding costs. POSCO, the countrys largest...
Hyundai Heavy postpones the acquisition of Doosan Infracore to early Feb.
Jan 30, 2021 00:00 am UTC| Economy
Hyundai Heavy Industries Holdings Co. postponed finalizing a deal to acquire a 35.4 percent stake held by South Korean power plant builder Doosan Heavy in Doosan Infracore on February 5. The deals completion was set for...
Israel lifts restrictions on imported Japanese food products
Jan 29, 2021 23:59 pm UTC| Economy
Israel has removed import restrictions on food items from Japan imposed due to the 2011 Fukushima nuclear disaster, reducing the number of countries and regions with such trade policies to 15. All Fukushima food...
JP Morgan is heading to the UK to launch its digital bank
Jan 29, 2021 06:00 am UTC| Business Economy
JP Morgan is expanding its reach and adding a new service in its range of banking functions. It was announced that the American investment and financial group is opening its digital bank in the United Kingdom. The move...
S. Korea eyes free trade deal with Uzbekistan
Jan 28, 2021 23:58 pm UTC| Economy Business
South Korea and Uzbekistan will launch official negotiations for a bilateral free trade agreement, with plans to hold the first round of talks within the first quarter. According to the Ministry of Trade, Industry and...
Apple posts record quarterly revenue of $111.4 billion due to iPhone 12
Jan 28, 2021 23:15 pm UTC| Economy Business
Apple posted a record quarterly revenue of $111.4 billion, well above the $103.3 billion Wall Street analysts had predicted, due to strong iPhone sales. The companys earnings report for the three months ended December...
McDonald's relying on US market to deliver double-digit growth in 2021
Jan 28, 2021 22:39 pm UTC| Economy Business
McDonalds Corp expects overall sales growth in the low double digits in 2021, relying on an increase in its U.S. market after total revenue fell 2.1 percent to $5.31 billion, missing the $5.37 billion estimate. To drive...
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
The Mattei Plan: why Giorgia Meloni is looking to Africa
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