Taiwan demands Alibaba's Taobao re-register as Chinese firm or leave
Aug 25, 2020 01:47 am UTC| Economy
Taiwan gave Alibabas e-commerce site Taobao Taiwan six months to re-register as a Chinese investment rather than a foreign one, or leave. The investment commission of Taiwans Economics Ministry also raised concern about...
Life Insurers in S. Korea suffer 2.4% drop in net profits
Aug 24, 2020 23:47 pm UTC| Economy
The 24 life insurance firms in South Korea suffered a 2.6 percent net profit drop to 54.9 billion won in the first half from 2.07 trillion won last year due to increased guarantee reserve, Of the 24 life insurers, nine...
NBA star LeBron James express support for Goodyear after Trump's attack
Aug 23, 2020 03:58 am UTC| Economy
NBA superstar and Akrons best-known native LeBron James responded to President Donald Trumps boycott call against Goodyear, his hometowns iconic company, with a shout-out of solidarity with the city, the company, and...
S. Korea's exports drop 7% on August 1-20
Aug 22, 2020 11:58 am UTC| Economy
South Koreas exports stood at US$23.1 billion in the Aug. 1-20 period, dropping 7 percent from the same period last year. The average daily exports during the period declined by 3.7 percent. South Koreas outbound...
Uber, Lyft get reprieves in reclassifying drivers as employees
Aug 21, 2020 03:19 am UTC| Economy
An appellate court granted Uber Technologies Inc and Lyft Inc reprieves from an order forcing them to reclassify their drivers as employees. Uber and Lyft threatened to suspend their services in California unless a...
US firms involved in $8 Billion Iraqi power project deals
Aug 21, 2020 02:28 am UTC| Economy
Five US firms signed or would be signing deals valued by as much as $8 billion with the Iraqi government as Prime Minister Mustafa al-Kadhimi declared his country open for American investments. According to the US...
S. Korea to extend anti-dumping tariffs on Chinese, Malaysian plywood
Aug 21, 2020 01:14 am UTC| Economy
South Korea would extend its anti-dumping tariffs on Chinese and Malaysian plywood products for five years due to concerns that lifting the existing barriers would cause dumping into the local market. Based on South...
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