US manufacturing sector recovery threatened by new coronavirus cases
Jul 28, 2020 23:08 pm UTC| Economy
Orders for key US-made capital goods excluding aircraft increased 3.3 percent last month, the most since July 2018. It followed a 1.6 percent rise in May. Core capital goods orders remained 3.2 percent below their...
Woori Bank's Q2 net profit plunges 45%
Jul 28, 2020 22:49 pm UTC| Economy
Woori Banks net profit for the second quarter slipped 45.28 percent on-year to 682.1 billion won due to the pandemic, low-interest rate set by the central bank, and hedge fund misselling. The bank was fined 19.7 billion...
S. Korea's auto production down 20% in first half
Jul 28, 2020 22:40 pm UTC| Economy
Production by South Koreas automakers dropped 19.8 percent to 1.63 million vehicles in the first half due to the pandemic to record an 11-year low. It was the lowest figure since the first half of 2009 when there were...
Ukraine's snail farming industry being wiped out by EU lockdowns
Jul 28, 2020 04:54 am UTC| Economy
Restrictions due to the coronavirus pandemic that hampered the global food industry are threatening to wipe out Ukraines snail farming industry. Most snail farmers in Ukraine rely heavily on sales to restaurants in...
Indian construction industry reeling from worker shortages
Jul 27, 2020 08:39 am UTC| Economy
Migrant construction workers who fled Indias cities when the pandemic started are too scared to return their former jobs, causing grim economic implications. Among them were the 80 percent of construction workers who...
Red capital: how Chinese companies wield political influence in Hong Kong
Jul 26, 2020 13:24 pm UTC| Economy
To Hong Kongs pro-democracy protesters, the passing of a new US law that removes Hong Kongs special economic status fits into their scorched earth, or laam caau, strategy. At its core is the protesters belief that the...
Nike, Starbucks, Unilever, Microsoft join hands to combat global carbon emissions
Jul 24, 2020 18:22 pm UTC| Economy
Nike Inc., Starbucks Corp., Unilever NV, Microsoft Corp., and five other leading firms from various sectors are collaborating in a program dubbed Transform to Net Zero to help businesses globally achieve zero carbon...
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