Feb 08, 2021 12:43 pm UTC| Insights & Views Economy Investing
Shares of GameStop and other companies or assets that shot up in value in recent weeks are now dropping like stones. While I feel sorry for the many investors who will likely lose a lot of money, the stocks return to Earth...
Rolls-Royce jet engine business forced to 2-week shut down due to hefty losses
Feb 08, 2021 05:24 am UTC| Business Economy
Rolls-Royce disclosed the past weekend that the company is planning to halt the operations of its civil aerospace unit. The proposed shutdown is only for two weeks and may happen in the summer. Why Rolls-Royce suggested...
South Korea to build world's largest offshore wind farm for 48.5 trillion won
Feb 05, 2021 23:44 pm UTC| Economy Business
South Korea unveiled a plan to build the worlds largest offshore wind power plant with a maximum capacity of 8.2 gigawatts at 48.5 trillion won as a major component of President Moon Jae-ins Green New Deal. The 8.2 GW...
US thanks Taiwan for helping resolve auto chips shortage
Feb 05, 2021 23:40 pm UTC| Economy Business
The US expressed its gratitude to Taiwan for helping resolve a chip shortage that has snarled auto production, said Taiwan Economy Minister Wang Mei-hua. It transpired during a high-level closed-door meeting attended by...
Tiktok rival Kuaishou raises $5.32 billion in world's biggest IPO since 2019
Feb 05, 2021 23:25 pm UTC| Economy Business
The Tencent-backed Kuaishous stock closed at $38.70 apiece, marking a 161 percent jump over the $14.80 the firm issued them at, raising $5.32 billion in the offing--the biggest IPO since the pandemic began. If the...
Ford posts strong Q4 results, vows to invest $29 billion on electric and self-driving cars
Feb 05, 2021 23:20 pm UTC| Economy Business
Ford made $1.3 billion in the fourth quarter of 2020, excluding special items, more than twice the $499 million made in the last quarter of 2019, as it vows to invest $29 billion in electric and autonomous vehicles. But...
Yogiyo, eBay: South Korean brands struggle to find buyers
Feb 05, 2021 11:12 am UTC| Business Economy
Yogiyo and the South Korean division of eBay are two of the major companies that have been listed for sale this year. While these businesses are still active and can be lucrative, it was revealed that no one is interested...
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