Norway's purchase of electric cars hit record 54%
Jan 05, 2021 23:28 pm UTC| Economy Business
Electric vehicles accounted for 54 percent of cars sold in Norway last year, up 42 percent the previous year, to put the country ahead of its schedule in eliminating polluting vehicles from roads by 2025. Norway, the...
Jan 05, 2021 10:55 am UTC| Economy
South Korea is projected to recover faster compared to other countries that were also battered by the COVID-19 pandemic. Based on the prediction, the country will be able to rise up again at a faster rate this...
Kowepo to build 3 fuel cell power plants worth 250 billion won
Jan 05, 2021 07:40 am UTC| Business Economy
Korea Western Power will invest 250 billion won in constructing three fuel cell-based electricity generation facilities in efforts to increase its renewable power generation capacity to 6.1 gigawatts by 2030 from 490...
S. Korean shipyards expected to take top spot in new global orders in 2020
Jan 05, 2021 07:15 am UTC| Business Economy
South Korean shipbuilders received 7.98 million compensated gross tons (CGTs) out of the global total of 17.92 million CGTs new orders as of Dec. 28 last year to rank first worldwide, according to global market researcher...
S.Korean carmakers sell 36,438 fewer autos in December for 5% plunge
Jan 05, 2021 07:07 am UTC| Economy Business
South Korean carmakers collectively sold 658,550 vehicles in December, down by 5 percent from 694,988 units a year ago, as the pandemic continued to hamper demand. Only GM Korea enjoyed increased sales in December,...
Jan 05, 2021 06:54 am UTC| Economy
Singapores economy saw its worst GDP contraction over the last few decades due to the COVID-19 pandemic in 2020. However, the results were still slightly better than previous forecasts as various sectors show signs of...
Fiat Chrysler, Peugeot shareholders approve merger creating 4th largest carmaker
Jan 04, 2021 23:30 pm UTC| Economy Business
Shareholders of Fiat Chrysler Automobiles (FCA) and Peugeot parent Group PSA approved a $58 billion merger creating the worlds fourth-largest automaker, Stellantis. In separate online votes, 99.15 percent of FCA...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects