Tesla eyeing to put up factories in Russia
May 21, 2021 23:15 pm UTC| Economy Business
Elon Musk said Tesla was close to establishing a presence in Russia and was checking on the possibility of putting up factories there. Addressing an event in Russia online, Musk noted that while Tesla already had...
S. Korean fashion platform operator Ably looks to raise 40 billion won
May 21, 2021 23:09 pm UTC| Economy Business
South Korea-based fashion platform operator Ably Corporation is seeking to raise around 40 billion won by attracting a pool of major domestic venture capital firms. The companys valuation is estimated to reach around...
European Commission approves SK hynix's acquisition of Intel's NAND biz
May 21, 2021 23:03 pm UTC| Business Economy
SK hynix Incs acquisition of Intel Corp.s NAND business has been approved by Europes antitrust watchdog. South Koreas second-largest chipmaker received unconditional clearance from the European Commission for its...
S. Korean pop music industry suffers 184 billion won in losses due to canceled concerts
May 21, 2021 22:59 pm UTC| Economy Business
South Koreas pop music industry was estimated to have suffered 184 billion won in financial damage due to the cancelation of performances that left 80 percent of tickets unsold. According to the Record Label Industry...
LIG Nex1 to develop hydrogen-powered drone that could carry 200 kilograms
May 21, 2021 22:14 pm UTC| Economy Business
LIG Nex1 has been selected to carry out a 44-billion-won national project to develop hydrogen fuel cell-powered autonomous cargo drones that can carry 200 kilograms of cargo. The development of the drones, to be...
Hyundai Steel to expand hydrogen biz to further supply Hyundai Motor
May 21, 2021 22:09 pm UTC| Business Economy
Hyundai Steel will expand its hydrogen business to go in tandem with its biggest client Hyundai Motor Groups aim to produce 500,000 fuel cell electric vehicle (FCEV) units by 2030. The steelmaker pledged to increase its...
Japan warns Sumitomo for leak of machine gun blueprints to China
May 21, 2021 12:49 pm UTC| Economy Business Law
Japan has warned Sumitomo Heavy Industries Ltd. and a subcontracted firm for violating its foreign exchange and trade control law in leaking blueprints for military-use machine gun parts to a Chinese company. The...
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