Switzerland's chocolate consumption, production, exportation plunge amid pandemic
Mar 03, 2021 13:04 pm UTC| Economy
Annual consumption in Switzerland fell below the threshold of 10 kilograms per person, dipping to 9.9 kilos, the lowest level since 1982, mainly due to the steep decline in foreign tourists. According to Urs Furrer,...
S. Korea's fishery goods exports drop 7.4% in 2020
Mar 03, 2021 09:47 am UTC| Economy
South Koreas fishery goods exports plunged 7.4 percent from $2.5 billion in 2019 to $2.32 billion in 2020, says the Ministry of Oceans and Fisheries. Exports of ready-to-eat products, such as processed fish and seaweed...
Jack Ma no longer China’s richest man after enraging Beijing
Mar 03, 2021 07:30 am UTC| Business Economy
Jack Ma, the Chinese founder of Ant Group and Alibaba, is not Chinas richest man anymore. The loss of the title as his countrys richest citizen was revealed after a list was released this week. Many are saying that Jack...
S. Korea's 5 conglomerates to invest 43 trillion won in hydrogen economy by 2030
Mar 02, 2021 23:55 pm UTC| Economy
South Koreas five major conglomerates SK, Hyundai Motor, POSCO, Hanwha, and Hyosung will invest 43 trillion won in building hydrogen infrastructures, such as production and storage, by 2030. SK Group will invest 18.5...
India lures Tesla to manufacturing deal cheaper than in China
Mar 02, 2021 23:00 pm UTC| Economy
India is ready to provide incentives that would bring Tesla Inc production costs lesser than in China, according to transport minister Nitin Gadkari. According to Gadkari, its a win-win situation for Tesla considering...
Delhi suspends subsidy on Tata Nexon EV on range issue
Mar 02, 2021 22:41 pm UTC| Economy
Delhi suspended the subsidy on the Tata Motors Nexon EV due to multiple complaints about sub-standard range performance. The transport department is awaiting a final committee report to determine how to proceed with the...
S. Korea's online food delivery industry grows 78.6% in 2020
Mar 02, 2021 09:34 am UTC| Economy Technology
The value of South Koreas online food delivery service market jumped 78.6 percent to 17.4 trillion won last year from 2019 amid the coronavirus pandemic. It grew 6.4 times the 2.7 trillion won recorded in 2017 when the...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects