Singapore's Sembcorp Marine, GE bag deal for giant UK wind farm
Jul 11, 2020 23:18 pm UTC| Economy
Singapores Sembcorp Marine and its consortium partner GE Renewable Energys Grid Solutions have been tapped by German utility company RWE to supply the electrical transmission system for the Sofia Offshore Wind Farm. The...
OPEC insists it did not intend to drive US shale out of business
Jul 10, 2020 00:50 am UTC| Economy
OPEC Secretary Mohammad Barkindo said the group did not intend to drive US shale oil producers out of business, in response to US barrels price briefly turning negative in April. In April, the group agreed on the single...
Korean shipbuilders suffer 67% dip in new orders
Jul 10, 2020 00:30 am UTC| Economy
South Koreas shipbuilders posted 1.18 million compensated gross tons (CGTs) of new orders in the first half of 2020, 67 percent less from the 3.58 million CGTs last year. Globally, new shipbuilding orders plunged 57...
Shanghai shopping event induces consumption in city
Jul 10, 2020 00:19 am UTC| Economy
Shanghai municipal governments May 5 Shopping Festival helped the citys total consumption over the past two months to return to the same level last year. The festival attracted over 520,000 online sellers and nearly...
Sending international students home would sap US influence and hurt the economy
Jul 09, 2020 11:05 am UTC| Economy
U.S. Immigration and Customs Enforcement, or ICE, made a decision on July 6 regarding international students in the U.S. that will affect far more than just the roughly 870,000 international students themselves. Based...
Japan's May exports to S. Korea down to 11-year low of 3.66 Trillion won
Jul 09, 2020 00:31 am UTC| Economy
Japans exported 3.66 trillion won worth of goods to South Korea in May, down 18 percent from last year, which is lowest in 11 years due to the pandemic and trade dispute between the two countries. Japans shipments of...
US refrains from slapping antidumping duties on S. Korean cold-rolled steel
Jul 09, 2020 00:13 am UTC| Economy
The US refrained from imposing antidumping duties on cold-rolled steel from Hyundai Steel Co. and POSCO, which would help boost trade between the two countries. The US Department of Commerce determined that cold-rolled...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Why Germany ditched nuclear before coal – and why it won’t go back
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight