France probes fashion groups Uniqlo, Zara, Skechers, SMCP 3 over Uyghur labor
Jul 03, 2021 23:48 pm UTC| Economy Business
French magistrates have opened an inquiry into allegations that fashion groups Inditex, Uniqlo, SMCP, and Skechers profited from the forced labor of the Uyghur minority in China. The case stemmed from a complaint lodged...
S. Korea to sell 2 trillion won of treasury bills in July
Jul 03, 2021 23:41 pm UTC| Economy Business
South Korea will sell 2 trillion won worth of treasury bills with a maturity of 63 days in four separate auctions this month to repay maturing debt. With the sale, South Koreas outstanding amount of treasury bills is...
Tesla delivers over 200,000 vehicles in 2nd quarter despite chip shortage
Jul 03, 2021 23:32 pm UTC| Economy Business
Tesla delivered 201,250 electric vehicles in the second quarter, just a bit short of Wall Street estimates of 207,000 vehicles, despite a global computer chip shortage that hobbled the auto industry. The sales figures...
Int'l tax rules may cover Samsung, SK hynix
Jul 03, 2021 23:26 pm UTC| Economy Law
South Korean chipmakers Samsung Electronics Co. and SK hynix Inc. may have to pay global minimum corporate tax of at least 15 percent to foreign countries where they earn profits under a new global taxation...
Jul 03, 2021 01:57 am UTC| Market Roundups Economy
Market Roundup US June Unemployment Rate 5.9%,5.7% forecast, 5.8% previous US June Average Hourly Earnings (YoY) (YoY) 3.6%, 3.7%,2.0% previous US June U6 Unemployment Rate 9.8%,10.2% previous US June...
Samsung Heavy receives DNV GL's approval for fuel cell-powered LNG carrier design
Jul 02, 2021 23:46 pm UTC| Economy Business
Samsung Heavy Industries Co. received approval in principle for its design of the worlds first fuel-cell propelled LNG carrier from Norwegian-German ship quality assurance society DNV GL. The South Korean shipbuilder...
S. Korea to expand tax incentives, ease regulations for chipmakers
Jul 02, 2021 23:43 pm UTC| Economy Business
South Korea will offer more tax incentives and lift more regulations for chipmakers to achieve its vision of becoming a global powerhouse in memory and non-memory chips. The country is also investing in research and...
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