Texas was a warning. Australia needs to rethink the design of its electricity market
Feb 26, 2021 14:17 pm UTC| Nature Economy
Australias electricity market is unsustainable. Texas shows us why. A week ago Texas experienced a bout of severe weather as arctic air reached deep into the state, driving temperature down to levels that had not been...
Japan leans on Asian LNG production to lower purchase costs
Feb 26, 2021 00:17 am UTC| Economy
Japan will support Asian countries liquefied natural gas (LNG) production for use in power generation in the hope of reducing procurement costs for the energy source. The efforts to lower purchasing costs and ensure...
S. Korea posts 3.71 million-ton fisheries output in 2020 to hit 4-year low
Feb 26, 2021 00:01 am UTC| Economy
South Koreas fisheries posted a 3.71 million-ton output last year, down 3.8 percent from 2019 and marking the smallest since 2016, largely to sluggish aquaculture production and a fall in consumption. The output was...
Biden addressing computer chip shortage via executive order
Feb 24, 2021 23:37 pm UTC| Economy Politics
US President Joe Biden will sign an executive order addressing a global semiconductor chip shortage that has forced US automakers and other manufacturers to cut production. Biden will also discuss the chip shortage...
Best Buy is giving bonuses to employees amid impending layoffs
Feb 24, 2021 09:24 am UTC| Business Economy
Best Buy will be giving out bonuses or extra pay to its workers, and this was revealed this week. The American multinational consumer electronics retailer will pay pandemic-related benefits to employees with hourly...
Facebook restoring Australian news pages after scrapping the ban following an amicable agreement
Feb 24, 2021 08:17 am UTC| Business Economy
Facebook announced it would be restoring the Australian news pages that it blocked on Monday, Feb.22. The decision resulted from the talks between Mark Zuckerberg and the Australian officials. Australians revised the...
Toshiba to collaborate with GE in producing wind power equipment
Feb 24, 2021 00:53 am UTC| Economy Technology
Toshiba Corp is in talks with US-based General Electric Co to jointly produce offshore wind power generation equipment, with a tie-up expected to be reached next month. The negotiations focused on the joint production...
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