Japan eyes 45 GW annual offshore wind power production by 2040
Dec 16, 2020 18:47 pm UTC| Economy
Japan aims to generate up to 45 gigawatts of power annually through offshore wind power in 2040 to achieve net-zero emissions of carbon dioxide by 2050, which could make it the worlds third-largest generator of such...
S. Korea to get 42% of electricity from renewable sources by 2034
Dec 16, 2020 00:24 am UTC| Economy
South Koreas power generation capacity will consist of 41.9 percent of renewable energy by 2034, according to the final draft of the Ninth Basic Plan for Electricity Supply and Demand for the years 2020-2034. The draft...
Tata among bidders for state-run carrier Air India
Dec 14, 2020 21:09 pm UTC| Economy
The Indian government received multiple bids for its stake in state-run carrier Air India, including Tata Sons and a group of over 200 Air India employees, in the auction that ended Monday evening. The secretary of the...
China fines Alibaba $76,500 for monopolistic behavior
Dec 14, 2020 21:03 pm UTC| Economy
Chinas State Administration for Market Regulation (SAMR) fined Alibaba $76,500 for increasing its stake in department store company Intime Retail Group to 73.79 percent in 2017 without seeking approval. Chinas market...
S. Korea ranks 10th largest world arms exporter
Dec 14, 2020 20:47 pm UTC| Economy
South Korea accounted for 2.1 percent of the worlds total defense exports from 2015 to 2019 to be ranked the 10th-largest arms exporter. South Korea ranked 11th in the previous ranking. The Global Defense Market...
US ruling on EV battery case between LG and SK for 3rd time
Dec 10, 2020 23:59 pm UTC| Economy
The US International Trade Commission (ITC) postponed for the third time its ruling on the trade secret dispute between South Korean battery makers LG Energy Solution Ltd. and SK Innovation Co. from Dec. 10 to Feb....
Japan's debt issuance likely to exceed $960 billion
Dec 09, 2020 23:08 pm UTC| Economy
Japan is likely to sell new government bonds that would push the total past $960 billion in the current fiscal year ending in March 2021 as it announced a new stimulus package to speed up the recovery from a deep economic...
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’
Labour can afford to be far more ambitious with its economic policies – voters are on board
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects