Wages growth desultory, unemployment stunning
May 23, 2021 03:33 am UTC| Economy
The key narrative in Josh Frydenbergs 2021 budget was the need to use more aggressive fiscal policy to drive unemployment down and wages up. Two key pieces of data this week indicate how things are tracking. On...
May 22, 2021 23:59 pm UTC| Economy Business
South Korean tech companies are bolstering efforts to develop metaverse platforms to address continuously increasing demand as the pandemic fuels demand for online activities, Among them is SK Telecom Co., South Koreas...
Consumer complaints on clothes, accommodations increase in S. Korea as people begin to go out more
May 22, 2021 23:51 pm UTC| Economy Business
Consumer complaints about womens dresses increased by 46.1 percent and accommodations went up 36.9 percent in April as outdoor activities increased sales of those products. Complaints about fashion goods were mostly...
Animal rights activists block McDonald’s supplies in UK
May 22, 2021 23:46 pm UTC| Economy Business
Animal rights activists are blocking supplies to some 1,300 McDonalds restaurants in the UK . in persuading the fast-food giant to adopt an entirely plant-based menu. According to Animal Rebellion, about 50 of their...
Netflix monthly users dip in S. Korea due to competition
May 22, 2021 23:41 pm UTC| Economy Business
Netflixs monthly active South Korean users, who interact with an app at least once a month, dipped 1.9 percent to 8.08 million in April from 8.24 million in March, as the platform faces increasing competition from local...
Daewoo Shipbuilding, Hyosung to jointly develop shaft generator motor for ships
May 22, 2021 23:36 pm UTC| Economy Business
Daewoo Shipbuilding Marine Engineering Co. (DSME) will localize a shaft generator motor and has signed a preliminary deal with Hyosung Heavy Industries Corp. for its joint development using a permanent magnet. A shaft...
China begins crackdown on bitcoin mining, illegal trading activities
May 22, 2021 23:32 pm UTC| Economy Digital Currency Law
China announced that it will clamp down on bitcoin mining and trading to fend off financial risks, sharply pulling down bitcoin prices and putting it on course for weekly losses of over 15 percent. The country also...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Why Germany ditched nuclear before coal – and why it won’t go back
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight