Botswana unsure of extending De Beers sales deal by end-2020
Aug 26, 2020 08:57 am UTC| Economy
The Botswana government refused to guarantee a renewal of a 10-year sales agreement with diamond firm De Beers within the year due to delayed negotiation brought about by the coronavirus pandemic. According to Secretary...
Russia eyes $7 Billion investments in Suez Canal project
Aug 25, 2020 05:53 am UTC| Economy
The industrial zone that Russia is developing in the Suez Canal Economic Zone is expected to attract $7 billion in new investments, said Moscows ambassador to Egypt Georgy Borisenko. The zone will cover 5.25 square...
Taiwan demands Alibaba's Taobao re-register as Chinese firm or leave
Aug 25, 2020 01:47 am UTC| Economy
Taiwan gave Alibabas e-commerce site Taobao Taiwan six months to re-register as a Chinese investment rather than a foreign one, or leave. The investment commission of Taiwans Economics Ministry also raised concern about...
Life Insurers in S. Korea suffer 2.4% drop in net profits
Aug 24, 2020 23:47 pm UTC| Economy
The 24 life insurance firms in South Korea suffered a 2.6 percent net profit drop to 54.9 billion won in the first half from 2.07 trillion won last year due to increased guarantee reserve, Of the 24 life insurers, nine...
NBA star LeBron James express support for Goodyear after Trump's attack
Aug 23, 2020 03:58 am UTC| Economy
NBA superstar and Akrons best-known native LeBron James responded to President Donald Trumps boycott call against Goodyear, his hometowns iconic company, with a shout-out of solidarity with the city, the company, and...
S. Korea's exports drop 7% on August 1-20
Aug 22, 2020 11:58 am UTC| Economy
South Koreas exports stood at US$23.1 billion in the Aug. 1-20 period, dropping 7 percent from the same period last year. The average daily exports during the period declined by 3.7 percent. South Koreas outbound...
Uber, Lyft get reprieves in reclassifying drivers as employees
Aug 21, 2020 03:19 am UTC| Economy
An appellate court granted Uber Technologies Inc and Lyft Inc reprieves from an order forcing them to reclassify their drivers as employees. Uber and Lyft threatened to suspend their services in California unless a...
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