UBS Q4 profit jumps 137% to $1.7 billion
Jan 26, 2021 23:39 pm UTC| Economy Business
UBS posted a fourth-quarter net profit of $1.708 billion, representing a 137 percent increase, as high levels of client activity helped the worlds largest wealth manager end 2020 on a strong note. Consequently, it far...
Hyundai eyes 4.8 percent market share in US with help of new EVs, SUVs
Jan 26, 2021 23:28 pm UTC| Economy Business
Hyundai Motor Co expects to boost its market share in the US from 4.4 percent last year to 4.8 percent this year with the launch of its new electric cars and sports utility vehicles (SUVs), according to its Senior Vice...
Doosan clinches 780 billion won Saudi desalination plant project
Jan 25, 2021 23:50 pm UTC| Economy Business
Doosan Heavy Industries Construction Co. (DHICC) has clinched a 780 billion-won deal to build the Yanbu-4 seawater desalination plant in Saudi Arabia. The deal was inked by DHICC with a consortium of French energy...
S. Korea appeals WTO's ruling on its 15.39% anti-dumping tariffs on Japanese steel
Jan 25, 2021 23:30 pm UTC| Economy Business
South Korea appealed the World Trade Organizations (WTO) ruling that it partially violated rules in slapping anti-dumping 15.39 percent tariffs on Japanese stainless steel bars since July 2004 The appeal was made nearly...
BlackBerry unaware why stock price surged 17.7%
Jan 25, 2021 22:47 pm UTC| Economy Business
BlackBerry Ltd. said it was unaware of any material, undisclosed corporate developments that caused a 17.7 percent surge in its share price at $16.53 on Monday, even after it settled a patent royalties dispute with...
Hyundai Mipo wins 80.2 billion won chemicals carrier deal from Europe
Jan 25, 2021 21:09 pm UTC| Economy Business
Hyundai Mipo Dockyard Co. has won an 80.2 billion won order to build two petrochemical carriers for a European company to be delivered by March next year. The mid-sized shipyard is one of three shipbuilders, including...
EU consumes more electricity from renewable sources than fossil fuel for first time in 2020
Jan 25, 2021 14:25 pm UTC| Economy Business
Europeans got 38 percent of their electricity from renewable sources last year, surpassing fossil fuels, which accounted for 37 percent, for the first time. According to an annual report from Ember and Agora...
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
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