S. Korea's 5 conglomerates to invest 43 trillion won in hydrogen economy by 2030
Mar 02, 2021 23:55 pm UTC| Economy
South Koreas five major conglomerates SK, Hyundai Motor, POSCO, Hanwha, and Hyosung will invest 43 trillion won in building hydrogen infrastructures, such as production and storage, by 2030. SK Group will invest 18.5...
India lures Tesla to manufacturing deal cheaper than in China
Mar 02, 2021 23:00 pm UTC| Economy
India is ready to provide incentives that would bring Tesla Inc production costs lesser than in China, according to transport minister Nitin Gadkari. According to Gadkari, its a win-win situation for Tesla considering...
Delhi suspends subsidy on Tata Nexon EV on range issue
Mar 02, 2021 22:41 pm UTC| Economy
Delhi suspended the subsidy on the Tata Motors Nexon EV due to multiple complaints about sub-standard range performance. The transport department is awaiting a final committee report to determine how to proceed with the...
S. Korea's online food delivery industry grows 78.6% in 2020
Mar 02, 2021 09:34 am UTC| Economy Technology
The value of South Koreas online food delivery service market jumped 78.6 percent to 17.4 trillion won last year from 2019 amid the coronavirus pandemic. It grew 6.4 times the 2.7 trillion won recorded in 2017 when the...
US beef exports expected to rise due to demands from China, Hong Kong, and Mexico
Mar 01, 2021 23:36 pm UTC| Economy
US beef exports are expected to increase in 2021 and post their second-highest level after the 2018 figures with soaring demand from China and Hong Kong and recovery of exports to Mexico. The US exported 2,566.7 million...
Chinese investment in Australia plunges 61% in 2020
Mar 01, 2021 21:57 pm UTC| Economy
Chinese investment in Australia declined 61 percent to just over $780 million in 2020 amid a diplomatic rift. There were only 20 Chinese investments made in 2020, way below the 111 recorded in 2016. Last years...
UK wind farm with 187-meter Vestas turbines begins power production
Mar 01, 2021 20:01 pm UTC| Economy
The UKs 857 megawatts (MW) Triton Knoll Offshore Wind Farm using 9.5 MW Vestas turbines with tip heights of around 187 meters has begun producing power. Once fully operational, the wind farm located in the North Sea...
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