US slaps tariffs on French and German wines, aircraft parts for unfair EU treatment
Jan 01, 2021 22:54 pm UTC| Economy
The US would slap additional taxes on certain EU products, including aircraft components and liquor from France and Germany, in response to the EUs unfair tariffs against it. The Office of the US Trade Representative...
US: Workers in 20 states are set to receive wage hike in 2021
Jan 01, 2021 08:26 am UTC| Economy
Workers in 20 states in the U.S. will start receiving bigger paychecks this year. The new payout could be a New Year gift that employees will surely appreciate, especially in this time of the pandemic. It was reported...
Lotte shuts down its mall in Dongdaemun
Jan 01, 2021 07:54 am UTC| Economy
Lotte shuts down the operation of its Lotte FITIN fashion mall in Dongdaemun. The closure order has taken effect on Dec. 31 and cited a business slump in the region as the reason for the companys decision. Why the mall...
China's fines e-commerce firms for irregular pricing
Jan 01, 2021 02:04 am UTC| Economy
Chinas market regulator had fined e-commerce giant JD, Alibaba Groups business-to-customer platform Tmall, and discount e-retailer Vip.com $76,650 each for irregular pricing. The State Administration for Market...
S. Korea posts 10.9 million 5G users in November
Jan 01, 2021 01:36 am UTC| Business Economy
South Korea registered 10.9 million users on fifth-generation (5G) wireless networks as of end-November, accounting for 15.5 percent of the total 70.5 million mobile subscriptions. According to data compiled by the...
PetroChina ensures sufficient gas supply during heating season
Dec 31, 2020 22:38 pm UTC| Economy
China National Petroleum Corporation (PetroChina) has maximized domestic gas production while ensuring sufficient gas imports during the cold snap. PetroChina, the countrys largest oil and gas producer by annual output,...
Robust export demand boosts China's factory activity in December
Dec 31, 2020 22:23 pm UTC| Economy
Chinas manufacturing activity expanded in December due to increased export demand, although it was hampered by higher labor and transport costs. While the countrys official manufacturing Purchasing Managers Index (PMI)...
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