KB posts 1.2 trillion won Q1 net profit to become S. Korea's top banking group
Apr 24, 2021 10:06 am UTC| Economy
KB Financial Group posted a net profit of 1.2 trillion won in the first quarter, up 74.1 percent on-year to outperform the three other major South Korean banking groups. Buoyed by robust earnings from its nonbanking...
Mattel posts record 47% quarterly sales jump as more parents buy Barbie dolls, Hot Wheels
Apr 23, 2021 15:26 pm UTC| Business Economy
Mattel Inc posted a record 47 percent jump in first quarterly sales to $874.2 million as Americans bought more Barbie dolls and Hot Wheels cars to keep kids entertained during the pandemic. Sales are usually slow during...
Inflation: why it could surge after the pandemic
Apr 23, 2021 13:59 pm UTC| Economy
Inflation is rising again in the UK, according to the Office for National Statistics. Prices in March rose 0.7% compared to a year earlier, against a 0.4% rise in February. One of the main drivers was that fuel prices have...
Numbers returning from India cut because of increase in quarantine cases
Apr 23, 2021 11:51 am UTC| Economy
The numbers of Australian citizens and permanent residents allowed to return from India and other COVID high risk countries are to be restricted. With COVID surging in India, the cases in quarantine among people...
Australia's economy can withstand the proposed European Union carbon tariff — here's what we find
Apr 23, 2021 11:41 am UTC| Economy
The European Union has committed to very significant emission cuts 55% on 1990 levels by 2030, and zero net emissions by 2050. To help it get there without too much disruption, the president of the European Commission...
Mondelēz and Olam to put up sustainable cocoa farm in Indonesia
Apr 23, 2021 11:30 am UTC| Business Economy
Mondelēz International and Olam Food Ingredients (OFI) have entered into a 50:50 joint venture to create the worlds largest sustainable commercial cocoa farm 2,000-hectares wide in Indonesia. The farm to be built on the...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects