US, EU agree on 4-month tariff freeze in aircraft dispute
Mar 05, 2021 23:58 pm UTC| Economy
The EU and the US agreed on a four-month suspension on tariffs imposed on billions of dollars of imports to ease the burden on industry and workers and focus on conflict resolution. The suspension will cover all US...
China banned Taiwan pineapples citing ‘ecological security’
Mar 05, 2021 08:32 am UTC| Business Economy
China banned the imports of pineapple, and the order came into effect earlier this week. Beijing announced that the tropical fruit could not enter the country, and Taiwan assumed that this is a political move. Taiwans...
Sinclair set to dismiss over 550 employees as business slowed down
Mar 05, 2021 07:11 am UTC| Business Economy
Sinclair Broadcasting Group announced this week that it would be laying off hundreds of workers soon. The company said it was left with no choice but to dismiss a percentage of its workforce as the business was affected by...
US suppliers to China's SMIC face licensing woes
Mar 04, 2021 23:21 pm UTC| Economy
The US has been slow to approve licenses for American companies to sell chipmaking equipment to Chinas Semiconductor Manufacturing International Corp (SMIC), with an estimated $5 billion worth of parts and components...
S. Korea, UAE expand collaboration in hydrogen industry
Mar 04, 2021 23:16 pm UTC| Economy
South Korea and the UAE have agreed to joint venture into hydrogen and other sustainable resources in line with their carbon reduction goals. According to South Koreas Industry Minister Sung Yun-mo, who held a virtual...
S. Korea's economy skids for first time in 22 years
Mar 04, 2021 16:09 pm UTC| Economy
South Koreas economy shrank one percent last year, marking the first annual contraction in 22 years, as the pandemic shuttered service industry jobs and curtailed spending. It was in1998 when the countrys economy last...
S. Korea imports record-high 54,127 tons of wine in 2020
Mar 04, 2021 07:49 am UTC| Economy
South Korea imported a record-high 54,127 tons of wines last year, up 24.4 percent from the previous year, as more of its citizens indulged in drinking at home due to the pandemic. According to the data by the Korea...
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