Hyundai Heavy collaborates with Saudi Aramco in hydrogen project
Mar 04, 2021 07:44 am UTC| Economy
Hyundai Heavy Industries Holdings has signed a deal to import liquefied petroleum gas from state-run oil firm Saudi Aramco to produce blue hydrogen. Under the deal, Hyundai Oilbank, HHIHs refining unit, will import...
Nippon Steel to increase R&D investment to speed up decarbonization
Mar 03, 2021 22:56 pm UTC| Economy
Nippon Steel will increase spending on research and development (RD) to hasten decarbonization in steelmaking and address climate change issues. The worlds No. 3 steelmaker is facing growing pressure to cut carbon...
Sumitomo Mitsui likely to halt financing all kinds of coal-powered plants
Mar 03, 2021 22:48 pm UTC| Economy
Japans Sumitomo Mitsui Financial Group (SMFG) is likely to stop providing new financing to coal-fired power plants, including more environmentally friendly projects, due to growing pressure from global investors and...
S. Korea eyes ‘travel bubble’ to prop up aviation industry
Mar 03, 2021 22:42 pm UTC| Economy
South Korea will pursue travel bubble agreements for people to travel internationally without restrictions to revitalize the aviation industry, said Finance Minister Hong Nam-ki. Travel bubbles are agreements between...
Switzerland's chocolate consumption, production, exportation plunge amid pandemic
Mar 03, 2021 13:04 pm UTC| Economy
Annual consumption in Switzerland fell below the threshold of 10 kilograms per person, dipping to 9.9 kilos, the lowest level since 1982, mainly due to the steep decline in foreign tourists. According to Urs Furrer,...
S. Korea's fishery goods exports drop 7.4% in 2020
Mar 03, 2021 09:47 am UTC| Economy
South Koreas fishery goods exports plunged 7.4 percent from $2.5 billion in 2019 to $2.32 billion in 2020, says the Ministry of Oceans and Fisheries. Exports of ready-to-eat products, such as processed fish and seaweed...
Jack Ma no longer China’s richest man after enraging Beijing
Mar 03, 2021 07:30 am UTC| Business Economy
Jack Ma, the Chinese founder of Ant Group and Alibaba, is not Chinas richest man anymore. The loss of the title as his countrys richest citizen was revealed after a list was released this week. Many are saying that Jack...
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