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Mon, May 13, 2024 11:04 AM All times are UTC

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Over two-thirds of S. Korean SMEs suffer sales setbacks

Aug 29, 2020 02:12 am UTC| Economy

Seventy-seven percent of 1,000 South Korean small- and medium-sized enterprises (SMEs) that have sold at least 100 million won in value claimed sales drops following the coronavirus outbreak in February. In a survey,...

Indian farmers turn to illegal moneylenders as banks avoid risks

Aug 28, 2020 06:39 am UTC| Economy

Indian farmers are turning to illegal moneylenders charging exorbitant rates as banks are shunning them due to rising bad loans. Higher interest rates are pulling down farm earnings, which are key to reviving the...

S. Korea's food exports to Thailand up nearly 15%

Aug 28, 2020 06:33 am UTC| Economy

South Koreas food exports to Thailand rose 14.7 percent to US$112 million in the first half of due to the rising demand for ready-to-eat products triggered by the pandemic. According to the Korea Trade-Investment...

UK worst hit among major economies in Q2 with 20.4% contraction

Aug 27, 2020 11:34 am UTC| Economy

The UK was the hardest hit by Covid-19 among major economies in the second quarter, with its 20.4 percent contraction was well above the 9.8 percent drop for the 37 Organisation for Economic Co-operation and Development...

Definition of 'accredited investor' broadened to allow more Americans to buy shares

Aug 27, 2020 09:11 am UTC| Economy

The US Securities and Exchange Commission broadened the definition of an accredited investor to allow more Americans to buy shares in private companies while easing some company disclosure rules. The new definition...

Hyundai Steel to upcycle coffee waste

Aug 27, 2020 08:33 am UTC| Economy

Hyundai Steel is looking towards upcycling 360 tons of coffee waste a year, saving up to 210 million in disposal costs while creating jobs. In 2019, Hyundai Steel teamed with the Korea Productivity Center and Korea...

NongHyup Bank pledges 8-T won investment for 'New Deal' projects

Aug 27, 2020 08:20 am UTC| Economy

NongHyup Bank committed 8 trillion won over five years to support new energy projects and loans for smart farms that would enable greater use of information and communication technology in farming. The agricultural...

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Economy

What should you do if you can’t pay your rent or mortgage?

The cost of living crisis is making it difficult for many people to pay their bills, including housing costs. Private sector rents have increased by an average 9% over the year to February 2024, and rising interest rates...

Some experts say the US economy is on the up, but here’s why voters don’t think so

Many Americans are gloomy about the economy, despite some data saying it is improving. The Economist even took this discussion to TikTok. When its US editor John Prideaux examined inflation, wage and employment numbers,...

Electric air taxis are on the way – quiet eVTOLs may be flying passengers as early as 2025

Imagine a future with nearly silent air taxis flying above traffic jams and navigating between skyscrapers and suburban droneports. Transportation arrives at the touch of your smartphone and with minimal environmental...

Electricity from farm waste: how biogas could help Malawians with no power

In sub-Saharan Africa, over 600 million people (more than 50% of the population) are without access to electricity. Malawi has one of the worlds lowest electricity access rates just 14.1% of the total population have...

High interest rates aren’t going away anytime soon – a business economist explains why

The Federal Reserve held interest rates steady at its May 1, 2024, policy meeting, dashing the hopes of potential homebuyers and others who were hoping for a cut. Not only will rates remain at their current level a...

Politics

Donald Trump Allegedly Offers Oil Execs a Deal to Scrap EV Incentives for $1B Donation

Former President Donald Trump reportedly proposed a $1 billion deal to oil executives, offering to end electric vehicle (EV) subsidies in return for campaign funding, according to The Washington Post. This move underscores...

Taiwan is experiencing millions of cyberattacks every day

Taiwan stands out as a beacon of democracy, innovation and resilience in an increasingly autocratic region. But this is under growing threat. In recent years, China has used a variety of grey zone tactics to pressure...

What the Supreme Court is doing right in considering Trump’s immunity case

Following the nearly three-hour oral argument about presidential immunity in the Supreme Court on April 25, 2024, many commentators were aghast. The general theme, among legal and political experts alike, was a...

US student Gaza protests: five things that have been missed

Coverage of the recent student encampments at more than 50 universities across the United States has focused on confrontations between opposing groups of protesters or between protesters and police. The spectacle of...

Will Solomon Islands’ new leader stay close to China?

Former foreign minister Jeremiah Manele has been elected the next prime minister of Solomon Islands, defeating the opposition leader, Matthew Wale, in a vote in parliament. The result is a mixed bag for former prime...

Science

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup

A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this...

Dark matter: our new experiment aims to turn the ghostly substance into actual light

A ghost is haunting our universe. This has been known in astronomy and cosmology for decades. Observations suggest that about 85% of all the matter in the universe is mysterious and invisible. These two qualities are...

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,...

Technology

Billionaire Mark Cuban Urges SEC to Emulate Japan's Crypto Strategy Amid Regulatory Challenges

In a revealing social media post, billionaire Mark Cuban called SEC Chairman Gary Gensler to consider adopting Japans cryptocurrency regulatory framework. Cuban highlighted Japans recovery from major setbacks like the Mt....

What Silicon Valley's Elite Say About the Future of Crypto

The high-tech industry continues to aggressively advance in the blockchain industry, proposing and developing new solutions that improve and make Web3s goods more usable by both general consumers and sophisticated industry...

Crypto Scam Uses Elon Musk Deepfake as 'Developer' to Lure Investors

Elon Musk did not develop the sketchy cryptocurrency trading platform that a random user on Facebook recommends you invest in. The Hong Kong Securities and Futures Commission issued a warning last week on deepfake...

OpenAI To Announce ChatGPT 5 Potential Updates This Week Including Voice Features And Real-Time Interaction

The growing excitement among enthusiasts in the artificial intelligence (AI) area will climax as OpenAI releases its upcoming developments. Users have been speculating and making guesses, hoping to catch a glimpse and...

Tesla's New Battery Chief Aims for Cost Cuts in Cybertruck, Model Y

Tesla recently parted ways with officials from several areas, including public policy, powertrain, and 4680 battery facility production. Bonne Egglestons Strategy for Reducing Battery Costs Elon Musk may have thought...