LG Chem posts record sales in 2020 on strong battery sales
Jan 27, 2021 23:34 pm UTC| Economy Business
LG Chem Ltd. posted annual sales of 0.6 trillion won in 2020, up 9.9 percent on strong battery sales to surpass the threshold for the first time. The net profit jumped 188.9 percent on-year to 1.1 trillion won, and the...
Mercedes-Benz to add 2 EV models in S. Korea in 2020
Jan 27, 2021 23:32 pm UTC| Economy Business
Mercedes-Benz Korea will launch two all-electric models the new EQA and the new EQS in the Korean market in the first and second half this year to gain a share in the local EV market. In 2019, Mercedes Benz launched its...
Jan 27, 2021 23:26 pm UTC| Economy Business
Facebook posted a profit of $11.2 billion in the final three months of last year, up 53 percent from the previous year, Revenue rose 33 percent to roughly $28 billion during the quarter, showing the durability of its...
India upholds decision to ban TikTok and 58 other Chinese apps
Jan 27, 2021 08:58 am UTC| Business Economy
India will not be putting back TikTok and other Chinese apps that it previously banned from being used in the country. The decision to retain the ban on 59 apps from China resulted from the review of responses from...
MSCI set to pull out five Chinese firms from the global index to comply with Donald Trump’s EO 13959
Jan 27, 2021 08:39 am UTC| Business Economy
MSCI Inc. revealed this week that it will be pulling out five Chinese companies from its global equity index. The American finance company headquartered in New York City stated that the removal will begin on Jan. 27 since...
S. Korea fines 7 local steelmakers 300 billion won over price collusion
Jan 26, 2021 23:59 pm UTC| Economy Business
The Korea Fair Trade Commission (KFTC) fined Hyundai Steel Co. and six other steelmakers a combined 300 billion won for colluding to fix the purchase price of steel scrap. It marked the fourth-largest amount of fines...
Starbucks suffers 5% dip in quarterly sales
Jan 26, 2021 23:57 pm UTC| Economy Business
Starbucks Corp. reported a 5 percent drop in sales in the first quarter ending Dec. 27, more than analysts estimates of a 3.4 percent decline, as the soaring number of coronavirus cases in the United States kept customers...
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