Boeing settles Ethiopia 737 MAX crash, to compensate victims
Nov 12, 2021 08:47 am UTC| Business Economy
Boeing has settled its case related to Ethiopia Airlines plane crash in 2019. On Wednesday, the American aerospace company agreed to acknowledge its liability for compensatory damages in lawsuits filed by the families of...
S. Korean team demonstrates flying taxi for commercial use in Gimpo
Nov 12, 2021 07:35 am UTC| Business Economy
South Korea has a team that is developing flying taxis, and it has conducted a demonstration event on Thursday, Nov. 11, at the Gimpo International Airport in the far western end of Seoul. With the demo, the team is aiming...
Kia aims to ditch combustion engine cars and sell only EVs in Europe starting 2035
Nov 12, 2021 06:15 am UTC| Business Economy
Kia Corp. said on Thursday, Nov. 11, that it would no longer sell combustion engine vehicles in Europe. The second-largest automaker in South Korea revealed that starting 2035, it will only be selling electric vehicles in...
Dogecoin-funded space mission to launch in Q1 2022
Nov 11, 2021 22:51 pm UTC| Digital Currency Science Economy
Elon Musks Dogecoin-funded space mission is set to launch in the first quarter of 2022, making Doge the first crypto and the first meme coin in space. The billionaire had tweeted about the space mission in May,...
S. Korea eyes law revision to allow robot, drone deliveries
Nov 11, 2021 22:51 pm UTC| Law Economy Business
South Koreas Ministry of Economy and Finance will revise the Living Logistics Service Act that is limited to cargo trucks and two-wheeled motor vehicles to include drones and robots as transportation means. Under the...
Luxury brands continue to raise prices in S. Korea amid soaring demand
Nov 11, 2021 22:51 pm UTC| Life Economy Business
South Korean consumers increased appetite for luxury goods during the pandemic has resulted in soaring prices. So far, Celine has raised its prices three times this year. In its latest price hike on Monday, some 10...
US Soccer seals largest commercial agreement ever its history in Nike deal
Nov 11, 2021 22:51 pm UTC| Sports Economy Business
US Soccer extended its long-term apparel partnership with sportswear giant Nike dating back to 1995 in what it describes as the largest commercial agreement in its history. It added that the deal, reportedly for ten...
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