Honda vows to exclusively make emissions-free vehicles by 2040

Apr 24, 2021 14:24 pm UTC| Business Economy

Honda vowed to exclusively sell battery-electric vehicles and fuel cell electric vehicles by 2040 in its three major markets of North America, China and Japan, said its CEO, Toshihiro Mibe. While the Japanese automaker...

ADM opens plant-based lab in Singapore

Apr 24, 2021 10:10 am UTC| Business Economy

ADM has opened a plant-based innovation lab in its Biopolis research hub in Singapore to develop plant-based products, tailor-made for the Asian consumer palate. It will be staffed by a combination of experts in...

KB posts 1.2 trillion won Q1 net profit to become S. Korea's top banking group

Apr 24, 2021 10:06 am UTC| Economy

KB Financial Group posted a net profit of 1.2 trillion won in the first quarter, up 74.1 percent on-year to outperform the three other major South Korean banking groups. Buoyed by robust earnings from its nonbanking...

Mattel posts record 47% quarterly sales jump as more parents buy Barbie dolls, Hot Wheels

Apr 23, 2021 15:26 pm UTC| Business Economy

Mattel Inc posted a record 47 percent jump in first quarterly sales to $874.2 million as Americans bought more Barbie dolls and Hot Wheels cars to keep kids entertained during the pandemic. Sales are usually slow during...

Inflation: why it could surge after the pandemic

Apr 23, 2021 13:59 pm UTC| Economy

Inflation is rising again in the UK, according to the Office for National Statistics. Prices in March rose 0.7% compared to a year earlier, against a 0.4% rise in February. One of the main drivers was that fuel prices have...

Numbers returning from India cut because of increase in quarantine cases

Apr 23, 2021 11:51 am UTC| Economy

The numbers of Australian citizens and permanent residents allowed to return from India and other COVID high risk countries are to be restricted. With COVID surging in India, the cases in quarantine among people...

Oil in Global Economy Series

Australia's economy can withstand the proposed European Union carbon tariff — here's what we find

Apr 23, 2021 11:41 am UTC| Economy

The European Union has committed to very significant emission cuts 55% on 1990 levels by 2030, and zero net emissions by 2050. To help it get there without too much disruption, the president of the European Commission...