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AirAsia shares plummet after auditor raises doubts about stability

Jul 10, 2020 00:47 am UTC| Business

Shares in Malaysias AirAsia Group plunged 11 percent on Wednesday after its auditor said material uncertainties cast doubt on the airlines ability to continue operations. Ernst Youngs audit opinion said the airlines...

Dongkuk Steel to invest 25-B won in expanding color-coated steel production

Jul 10, 2020 00:35 am UTC| Business

Dongkuk Steel Mill Co. will invest 25 billion won in expanding its current color-coated steel production lines to 850,000 tons in 2021 in its cold-rolled steel output facility. The company increased its color-coated...

China General Nuclear Power intensifies investments in new energy

Jul 10, 2020 00:26 am UTC| Business

China General Nuclear Power Corp.s (CGN) total installed domestic capacity of new energy is set to reach 24 million kilowatts by the end of this year, up from 20.54 million kW at the end of May. The companys total...

Hankook flaunts tire supply deal for Porsche Taycan

Jul 10, 2020 00:07 am UTC| Business

Hankook Tire Technology Co. disclosed Thursday that it has been supplying its high-performance Ventus S1 evo 3 SUV tires as original equipment (OE) for Porsches Taycan 4S model since the first half of 2019. The...

Hahn & Company to acquire Korean Air's in-flight catering, duty-free businesses for 1 Trillion won

Jul 09, 2020 00:53 am UTC| Business

Korean Air Lines Co will sell its in-flight catering and duty-free business to a private equity fund Hahn Company reportedly for 1 trillion won, in line with the self-help measures it agreed with lenders. The deal with...

Hyundai hopes to boost car sales with Avante N Line compact

Jul 09, 2020 00:38 am UTC| Business

Hyundai Motor Co. will launch its Elantra Avante N Line compact model with a 1.6-liter gasoline turbocharged engine in South Korea later this month as it strives to boost sales. The Avante N Line doles out 204...

S. Koreans' purchases of imported cars up 41% in June

Jul 07, 2020 23:59 pm UTC| Business

Sales of imported vehicles in South Korea increased 41 percent to 27,350 units in June from 19,386 in the same month last year, buoyed by tax reductions and new models. The top-selling models were the Audi A6 40 TDI...

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Economy

OPEC insists it did not intend to drive US shale out of business

OPEC Secretary Mohammad Barkindo said the group did not intend to drive US shale oil producers out of business, in response to US barrels price briefly turning negative in April. In April, the group agreed on the single...

Korean shipbuilders suffer 67% dip in new orders

South Koreas shipbuilders posted 1.18 million compensated gross tons (CGTs) of new orders in the first half of 2020, 67 percent less from the 3.58 million CGTs last year. Globally, new shipbuilding orders plunged 57...

Shanghai shopping event induces consumption in city

Shanghai municipal governments May 5 Shopping Festival helped the citys total consumption over the past two months to return to the same level last year. The festival attracted over 520,000 online sellers and nearly...

Japan's May exports to S. Korea down to 11-year low of 3.66-T won

Japans exported 3.66 trillion won worth of goods to South Korea in May, down 18 percent from last year, which is lowest in 11 years due to the pandemic and trade dispute between the two countries. Japans shipments of...

US refrains from slapping antidumping duties on S. Korean cold-rolled steel

The US refrained from imposing antidumping duties on cold-rolled steel from Hyundai Steel Co. and POSCO, which would help boost trade between the two countries. The US Department of Commerce determined that cold-rolled...

Politics

Joe Biden says he will reverse Donald Trump's withdrawal of the US from WHO

President Donald Trump has taken the United States out of several global agreements as part of his America First agenda, which has received widespread criticism in turn. Recently, former vice president Joe Biden has said...

Michelle Obama partners with Meghan Markle in global conference for young women

A star-studded virtual conference is happening next week with Michelle Obama as one of the speakers at the event. She will also be joined by Meghan Markle, the Duchess of Sussex. Michelle Obama, Meghan Markle speaks at...

Why Manny Pacquiao vs. Conor McGregor is more plausible than fans think

It has been close to a year since fans and sports experts started speculating on who should be the next to challenge Manny Pacquiao. The Filipino champ has been paired with the biggest names in boxings welterweight...

Melania Trump: FLOTUS's statue in Slovenia set on fire

As Americans pushing to end racism in the country are also calling for the removal of names and statues of historical figures that are known to be racist, the Trump administration has called to retain these symbols. First...

Science

Paleontologists discover pocket-sized ancestor of the dinosaurs

Dinosaurs are more commonly believed to be large living beings, from being similar in size to a child to as massive as a house or even a small building. However, paleontologists recently discovered fossilized remains of...

Dilophosaurus shown in 'Jurassic Park' is more bird-like than lizard, says scientists

The Dilophosaurus was made famous through the Jurassic Park movie and is shown as having a similar appearance to a lizard. However, a new study finds that the actual Dilophosaurus did not resemble a lizard, but looked more...

NASA: Hubble Space Telescope detects a galaxy moving away from Earth

When it comes to galaxies, many often hear about these celestial objects merging with one another. However, the opposite is not heard about as much. Recently, the Hubble Space Telescope was able to witness just that, with...

New study suggests Cerne Abbas Giant actually dates back to the Medieval period

The Cerne Abbas Giant has been met with some debate regarding its history among archaeologists. Now, a new study suggests that the historic figure may not be as ancient as many may believe it to be. Researchers,...

Technology

‘World of Warcraft: Shadowlands’: Blizzard confirms release window in fall

Video game companies, for much of the first half of 2020, learned to adjust to new workplace setups due to the global COVID-19 pandemic. Even then, Blizzard Entertainment assures fans that World of Warcraft: Shadowlands is...

Poco M2 Pro: $200 smartphone with a quad camera and 33W fast charger

After months of leaks and speculations, the Poco M2 Pro has finally been announced by Poco India. Most of the expected specs and features have now been confirmed for the device, and so is the one caveat that some tech fans...

‘Cyberpunk 2077’: The role of Judy Alvarez and Evelyn Parker in V’s upcoming missions

Night City Wire has done its job of keeping the hype up for Cyberpunk 2077, but a welcome bonus was the unveiling of two non-playable characters named Evelyn Parker and Judy Alvarez. Online discussions prove their brief...

‘The Last of Us 2’: Naughty Dog condemns myriad of online death threats targeting cast and devs

The launch of The Last of Us 2 has been bittersweet for Naughty Dog in the few weeks that the game is out in the wild. Aside from high scores from critics, the developers and cast members have been receiving vile comments...
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