Hyundai LNG Shipping inks 20-year lease deal with Malaysia’s Petronas
Apr 28, 2021 12:30 pm UTC| Economy Business
Hyundai LNG Shipping will hire up to six liquefied natural gas carriers owned by Malaysia-based Petronas LNG for 20 years beginning 2024. The contract involves 174,000-cubic-meter LNG vessels and could be the largest in...
S. Korea to impose 20% taxation on cryptocurrencies as planned
Apr 28, 2021 12:22 pm UTC| Economy Business
South Korea will impose a 20 percent tax on capital gains from transactions of cryptocurrencies next year despite growing calls by investors to postpone the taxation. Bitcoin and other cryptocurrency investors cried...
Japan, Australia, India address supply chain issues to avoid reliance on China
Apr 28, 2021 12:11 pm UTC| Economy Business
Japan, Australia, and India launched a new framework to mutually strengthen their supply chains of cars, medical equipment, and other products in a veiled attempt at relying less on...
Apr 28, 2021 10:00 am UTC| Business Economy
Lee Jae Yong, the Samsung heir, and de facto leader is spending time in jail after he was sentenced to a two and a half year jail term in January of this year. He was convicted in a case related to his bribery activities...
Genexine to supply COVID-19 vaccine to Indonesia
Apr 28, 2021 09:59 am UTC| Business Economy
Genexine, the South Korean biotechnology company, is said to have made a deal with PT Kalbe Farma, an Indonesian pharmaceutical firm. The contract is about the supply of 10 million doses of the COVID-19 vaccine that it is...
Toyota acquires Lyft’s autonomous driving unit for $550 million
Apr 28, 2021 08:44 am UTC| Business Economy
Toyota just purchased Lyfts self-driving division, Level 5, for its subsidiary, Woven Planet Holdings. The $550 million acquisition deal happened after the latter placed its autonomous driving unit up for sale in a move to...
Beyond Meat to debut ‘beefier’ version of its plant-based burger patty
Apr 28, 2021 07:14 am UTC| Business Economy
Beyond Meat announced that it would be releasing a newer version of its plant-based burger patty products. It will be replacing the companys signature burger meat to offer patties that taste like real beef. How Beyond...
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
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
Labour can afford to be far more ambitious with its economic policies – voters are on board
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects