Toyota jacks up profit forecast to 54%, says chip supply not yet an issue
Feb 10, 2021 23:55 pm UTC| Economy Business
Toyota Motor Corp boosted its full-year earnings forecast by a bigger-than-expected 54 percent, saying it has an up to four-month stockpile of chips and was not immediately expecting a shortage to hit production. The...
Volkswagen looking for industrialized approach to flying vehicles in China
Feb 10, 2021 23:51 pm UTC| Economy Business
Volkswagen is looking at an industrialized approach to flying vehicles in China by investigating potential concepts and partners in a feasibility study. Europes largest automaker noted that vertical mobility could be...
EU planning to follow Australia and make Google, Facebook pay for news content
Feb 10, 2021 06:39 am UTC| Business Economy
The European Union is reportedly mulling on going after big tech companies, including Google and Facebook, by asking for news content payments. The EU is said to have warned that it may copy Australia for its new media...
South Korea loses 982,000 jobs
Feb 10, 2021 00:53 am UTC| Economy
South Korea reported a 982,000 drop in the number of people employed in January, its largest job loss since December 1998 due to the effects of the coronavirus outbreak. The number of employed South Koreans reached 25.8...
S. Korean shipyards get 54% of global new orders in January
Feb 09, 2021 23:51 pm UTC| Business Economy
South Korean shipyards were awarded 910,000 compensated gross tons (CGTs) of new orders to outpace their Chinese rivals for the seventh straight month in January. The orders received by South Korean shipyards represent...
Honda’s profit more than doubles to $2.7 billion despite pandemic damage
Feb 09, 2021 23:48 pm UTC| Economy
Hondas fiscal third-quarter profit more than doubled to $2.7 billion from the reported $1.1 billion profit a year earlier, with auto sales increasing in Japan and the US despite the pandemic and other difficulties...
S. Korea's 2020 tax revenue drops by 7.9 trillion won
Feb 09, 2021 23:45 pm UTC| Economy
South Korea collected 285.5 trillion won in taxes in 2020, dropping 7.9 trillion won from the 293.5 trillion won collected the previous year as corporate tax earnings declined amid the pandemic. Last year, 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