Hyundai Steel uses low-carbon electric furnace to produce high-end steel

May 29, 2022 00:16 am UTC| Business Economy Nature

Hyundai Steel Co. will launch the production of high-end steel materials by establishing Hy-Cube, a new electric furnace-based steel production system. The Hy-Cube technology is based on a new electric furnace concept...

S. Korean scientists use mussel adhesive protein to connect severed nerve segments

May 28, 2022 23:40 pm UTC| Health Science Economy

South Korean scientists have developed a method using mussel adhesive protein to connect severed nerve ends without the need to use suture threads. A joint research team from Pohang University of Science and Technology,...

ESPN optimistic of rights renewal with F1

May 28, 2022 23:22 pm UTC| Sports Economy Business

ESPN held talks with Formula One over a broadcast partnership renewal, according to the US networks president of programming and original content, Burke Magnus. The current deal, where ESPN pays about US$5 million...

MLS taps Caterpillar for major sponsorship deal

May 28, 2022 23:07 pm UTC| Sports Economy Business

Major League Soccer (MLS) has tapped US construction equipment manufacturer Caterpillar as a major sponsor in a new, multi-year partnership. The agreement is meant to enhance Caterpillars profile by utilizing MLSs...

Global Geopolitics Series

Ukraine war: rising food prices are not the only global economic fallout

May 28, 2022 12:03 pm UTC| Economy

As the war in Ukraine heads into its fourth month, its economic consequences are becoming more apparent and begin to move up on the global political agendas. And in the same way in which Russias aggression has had...

Oil in Global Economy Series

Expect more power price hikes – a 1970s-style energy shock is on the cards

May 28, 2022 11:21 am UTC| Economy

Yesterday the Australian Energy Regulator increased the default market offers that apply to electricity retailers in New South Wales, South Australia, Queensland by 8% to 18%, depending on type of tariffs and...

Inflation: there's a vital way to reduce it that everyone overlooks – raise productivity

May 28, 2022 10:57 am UTC| Economy

Inflation has become one of the great issues of our times. The UKs is the highest in the G7, weighing in at 9% a year according to the most recent figures on consumer price inflation. When you look at the other common...