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Wed, May 01, 2024 02:14 PM All times are UTC

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S. Korea ranks 10th largest world arms exporter

Dec 14, 2020 20:47 pm UTC| Economy

South Korea accounted for 2.1 percent of the worlds total defense exports from 2015 to 2019 to be ranked the 10th-largest arms exporter. South Korea ranked 11th in the previous ranking. The Global Defense Market...

US ruling on EV battery case between LG and SK for 3rd time

Dec 10, 2020 23:59 pm UTC| Economy

The US International Trade Commission (ITC) postponed for the third time its ruling on the trade secret dispute between South Korean battery makers LG Energy Solution Ltd. and SK Innovation Co. from Dec. 10 to Feb....

Japan's debt issuance likely to exceed $960 billion

Dec 09, 2020 23:08 pm UTC| Economy

Japan is likely to sell new government bonds that would push the total past $960 billion in the current fiscal year ending in March 2021 as it announced a new stimulus package to speed up the recovery from a deep economic...

S. Korea posts tax revenue of 39.1 trillion won in October

Dec 09, 2020 20:55 pm UTC| Economy

South Korea collected 39.1 trillion won in taxes in October, up by 6.8 trillion won from last years 32.3 trillion won, due to a 4.1 trillion increase in income tax revenue to 10.5 trillion won. In October, South Koreas...

S. Korean shipyards edge Chinese in order volume for 5th month

Dec 09, 2020 09:49 am UTC| Economy

South Korean shipyards received new orders totaling 990,000 compensated gross tons (CGTs), covering 60 percent of the 1.64 million CGTs ordered globally in November, to outpace their Chinese rivals for the fifth...

Denmark to end new oil and gas exploration

Dec 06, 2020 23:59 pm UTC| Economy

Denmark will end all new oil and gas exploration in the North Sea, in fulfillment of its plan to stop extracting fossil fuels by 2050. Its government also agreed to cancel its latest licensing round on...

It isn't right to say we are out of recession, as these six graphs demonstrate

Dec 06, 2020 10:02 am UTC| Economy

Itd be wrong to say that we are out of recession, although thats how the graph of Wednesdays GDP numbers makes it look. Gross domestic product (the measure of everything produced and earned and spent) fell 7% between...

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Economy

Beyond the spin, beyond the handouts, here’s how to get a handle on what’s really happening on budget night

Three weeks from now, some of us will be presented with a mountain of budget papers, and just about all of us will get to hear about them on radio, TV or news websites on budget night. The quickest way to find out what...

Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility

Ivan Vladislavić is Johannesburgs literary linkman. He tells us, in the first pages of his new book, The Near North, that before cities were lit, first by gaslight and later electricity, people of means paid torchbearers...

Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget

With Jim Chalmerss third budget on May 14, Australians will be looking for some more cost-of-living relief beyond the tax cuts although they have been warned extra measures will be modest. As this weeks consumer price...

Inflation is slowly falling, while student debt is climbing: 6 graphs that explain today’s CPI

Australias inflation rate has fallen for the fifth successive quarter, and its now less than half of what it was back in late 2022. The annual rate peaked at 7.8% in the December quarter of 2022 and is now just 3.6%, in...

The Mattei Plan: why Giorgia Meloni is looking to Africa

Since coming to power, Giorgia Melonis government has been remarkably orthodox in its foreign policy. Unwavering support for Ukraine, loyalty to the Atlantic Alliance and full participation in the European Union - these...

Politics

Labour can afford to be far more ambitious with its economic policies – voters are on board

To say that the Labour party is flying high in the polls is something of an understatement. But despite its consistent lead against the Tories, the opposition finds itself in a rather odd position: on the cusp of power but...

History for sale: what does South Africa’s struggle heritage mean after 30 years of democracy?

One of my favourite statues is the one of Nelson Mandela at the Sandton City shopping centre in Johannesburg. Larger than life, its oversized bronze shoes shimmer in the evening light, polished by the hands of many...

Sudan: civil war stretches into a second year with no end in sight

In the early hours of April 15 2023, the Rapid Support Forces (RSF) a Sudanese paramilitary force attacked the military airstrip in the town of Merowe and deployed troops across strategic locations in Sudans capital,...

Military conscription is returning to Europe, but is it really a more equal way of mobilising? What history tells us

The idea that conscription, defined as the compulsory enlistment of citizens for military service, can increase equality and instil a sense of solidarity that transcends traditional societal divides has echoed throughout...

The 50th anniversary of Portugal’s Carnation Revolution

Across Portugal, a number of photography exhibitions are currently on display that commemorate the ousting of the Estado Novo, the dictatorial, authoritarian and corporatist political regime that had ruled the country...

Science

A Nasa rover has reached a promising place to search for fossilised life on Mars

While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is trundling around Mars looking for fossils. Unlike its predecessor Curiosity, Nasas Perseverance rover is explicitly intended to...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Peter Higgs was one of the greats of particle physics. He transformed what we know about the building blocks of the universe

Peter Higgs, who gave his name to the subatomic particle known as the Higgs boson, has died aged 94. He was always a modest man, especially when considering that he was one of the greats of particle physics the area of...

Could a telescope ever see the beginning of time? An astronomer explains

The James Webb Space Telescope, or JWST for short, is one of the most advanced telescopes ever built. Planning for JWST began over 25 years ago, and construction efforts spanned over a decade. It was launched into space on...

US media coverage of new science less likely to mention researchers with African and East Asian names

When one Chinese national recently petitioned the U.S. Citizenship and Immigration Services to become a permanent resident, he thought his chances were pretty good. As an accomplished biologist, he figured that news...

Technology

Microsoft to Set Up Its First Azure Data Center in Thailand With Investment in AI

Microsoft Corporation is building its first Azure data center in Thailand to enable a cloud and AI-powered future for the country. The tech firm announced on Wednesday, May 1, that through the facility, it will also...

BYD Profits Drop 47%, Tesla Launches Cybertruck Off-Road Guide Amid EV Price War

Amid a fierce EV price war in China, BYDs profits plummeted by 47% in the first quarter of 2024. This contrasts sharply with Teslas proactive approach, which includes releasing a detailed off-road guide for Cybertruck...

US Court Sets May Hearing for Terraform Labs, Do Kwon Remedies

On May 22, the U.S. District Court for the Southern District of New York is set to consider proposed financial remedies from Terraform Labs and its co-founder, Do Kwon, following a fraud verdict. The court will hear...

Bitcoin Traders Unfazed by 20% Drop: 'Pretty Ordinary Stuff'

As Bitcoin endures its fourth 20% correction in 12 months, dropping to $59,730, market veterans see it as nothing unusual. Leaders in the crypto industry, like Raoul Pal and Thomas Fahrer, reassure that such fluctuations...

Elon Musk Fires EV Supercharger Staff, Explains Reason for the Team’s Disbandment

Elon Musk disbanded Teslas EV Supercharger team amid company-wide layoffs affecting employees worldwide. The 52-year-old Tesla chief also terminated senior executives. The CEO demolished part of the unit responsible for...