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Top investment banks upgrade economic outlook for S. Korea

Jan 08, 2021 23:39 pm UTC| Business Economy

Top global investment banks (IB) forecast the South Korean economy to grow 3.4 percent this year, up by 0.1 percentage point from their previous estimate. Credit Suisse upgraded its estimate by 0.7 percentage point to...

UK’s Marks and Spencer to ban Xinjiang cotton over China's alleged abuses on Uighur

Jan 08, 2021 05:28 am UTC| Business Economy

British supermarket chain Marks and Spencer (MS) will ban the use of cotton from the Xinjiang region in protest of Chinas alleged treatment of its Muslim Uighur minority. MS said it is one of the first companies that...

S. Korea's exports of kimchi hit all-time high of $119 million through Oct.

Jan 07, 2021 23:59 pm UTC| Economy Business

South Koreas exported an all-time high of $119 million worth of kimchi in the first 10 months of 2020, rising 36.4 percent from the previous year. The volume exported during the period was also a high of 32,000 tons,...

Pakistan urged to tap S. Korean consortiums for power plant projects

Jan 07, 2021 23:57 pm UTC| Economy Business

Pakistan will review tapping South Korean consortiums in constructing two hydroelectric power plants with capacities of 470 megawatts (MW) and 215 MW with a combined value of $1.58 billion. South Korea had urged...

S. Korea to invest 26.4 trillion won in housing stabilization

Jan 07, 2021 23:53 pm UTC| Business Economy

South Korea will spend over 26.4 trillion won to develop new towns in Incheon and build other infrastructure in the first half of the year to curb soaring housing prices. The said infrastructure projects include the...

S. Korea to invest 12.7 trillion won on job-generating digital New Deal in 2021

Jan 07, 2021 23:50 pm UTC| Business Economy

South Korea will spend 12.7 trillion won this year as part of its digital New Deal program, which targets pouring 58.2 trillion won into key tech investments to create around 900,000 jobs by 2025. Of that amount, 7.6...

Kia unveils logo, slogan to reflect new focus on electric vehicles

Jan 07, 2021 23:48 pm UTC| Business Economy

Kia Motors Corp. unveiled its new script-like company logo and slogan to represent new brand purpose and values, including a focus on manufacturing electric vehicles and other non-traditional mobility services. The...

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Economy

What should you do if you can’t pay your rent or mortgage?

The cost of living crisis is making it difficult for many people to pay their bills, including housing costs. Private sector rents have increased by an average 9% over the year to February 2024, and rising interest rates...

Reducing energy demand and improving efficiency will help prevent the next gas crisis

Gas prices have relaxed, Europe has come out of the winter with record gas storage levels and a surfeit of liquefied natural gas is set to reach the shores of Europe over the coming years. Many commentators are hopeful...

Minimum wage for South African farm workers: study shows 2013 hike helped reduce poverty even though compliance was poor

Minimum wage policies are typically aimed at reducing poverty. Yet there is little direct evidence of this effect, especially in developing countries. And none for South Africa. In a recent paper, we consider the...

Gas is good until 2050 and beyond, under Albanese gas strategy

The Albanese government is talking up the crucial role of gas as a transition fuel through to 2050 and beyond. In a gas strategy to be released on Thursday, the government envisages the fuels uses would change over...

South Africa’s plan to move away from coal: 8 steps to make it succeed

The South African governments Just Energy Transition Implementation Plan was launched in November 2023. It is a roadmap guiding the country away from reliance on coal-fired power towards renewable energy alternatives by...

Politics

US Supreme Court upended decades of precedent in 2022 by allowing voters to vote with gerrymandered maps instead of fixing the congressional districts first

For the 2022 midterm elections, the U.S. Supreme Court allowed Alabama to use congressional districts that violated the law and diluted the voting power of Black citizens. A 5-4 vote by the Supreme Court in February...

Germany lowers voting age to 16 for the European elections

Ahead of the European parliament elections in June, Germany has lowered the age limit on participation to 16. This makes it the largest of just a handful of states in the EU to allow people under the age of 18 to vote....

South Africa will be president of the G20 in 2025: two much-needed reforms it should drive

South Africa will play an important international role in 2025 as president of the G20. The G20 is a group of 19 countries as well as the African Union and the European Union. Between them they represent 85% of global...

What early 2024 polls are revealing about voters of color and the GOP

By the end of winter 2024, the return of Donald Trump to the top of the GOP presidential ticket has revealed a surprising trend in the former presidents base of support: his increasing popularity among Black and Latino...

Science

Is dark matter’s main rival theory dead? There’s bad news from the Cassini spacecraft and other recent tests

One of the biggest mysteries in astrophysics today is that the forces in galaxies do not seem to add up. Galaxies rotate much faster than predicted by applying Newtons law of gravity to their visible matter, despite those...

Why are algorithms called algorithms? A brief history of the Persian polymath you’ve likely never heard of

Algorithms have become integral to our lives. From social media apps to Netflix, algorithms learn your preferences and prioritise the content you are shown. Google Maps and artificial intelligence are nothing without...

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup

A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this...

Dark matter: our new experiment aims to turn the ghostly substance into actual light

A ghost is haunting our universe. This has been known in astronomy and cosmology for decades. Observations suggest that about 85% of all the matter in the universe is mysterious and invisible. These two qualities are...

Technology

US Orthodontic Leader Accepts Shiba Inu, Embracing Cryptocurrency for Payments

Shiba Inu, the popular meme coin, is experiencing a period of growth and increased utility. Amoré Orthodontic Aligners, a company that specializes in orthodontic care, recently announced that it will now accept SHIB...

Crypto Lender Genesis to Return $3 Billion in Bankruptcy Wind-Down Amid Rising Creditor Haircuts

Crypto lender Genesis Global received court approval to return nearly $3 billion to customers, while a report highlights a significant increase in creditor haircuts in bankruptcy cases to 73% in FY24. Judge Approves...

Binance Enhances SHIB, USTC, AGIX Trading and Liquidity for Better Market Dynamics

Binance has announced efforts to enhance liquidity and trading for Shiba Inu (SHIB), USTC, and SingularityNET (AGIX), including tick size adjustments aimed at improving market dynamics and trading experience. Binances...

OpenAI Disbands Team Tackling AI Risks Amid Leadership Changes and GPT-4o Launch

OpenAI has dismantled its Superalignment team, initially formed to address AI risks, following the resignations of key leaders Ilya Sutskever and Jan Leike. OpenAI Disbands Superalignment Team Days After Leaders Resign,...
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