Virgin Atlantic Airways, the flagship airline founded by British billionaire Sir Richard Branson, may float its shares on the London Stock Exchange later this year...

Dubai recorded a 63 per cent surge in the number of e-commerce business licences issued in the first half of the year, as the pandemic-induced...

Saudi Arabia's first wind farm, the biggest in the Middle East, has started producing electricity after connecting to the grid as the kingdom plans to...

Cambodia’s central bank-backed crypto currency rollout, which started as an experiment in October last year, has so far met strong response among the population and...

Real Madrid and Barcelona jointly criticised Spanish football league La Liga’s agreement to sell 10 per cent of its business to private equity firm CVC...

Prices of watermelons, the popular cooling summer fruit, are skyrocketing due to a poor harvest and soaring labor costs.On Wednesday, one farmer in his 50s...

Apartment prices in Seoul edged up yet another 0.2 percent over the past week, the biggest margin since the third week of December 2019.According to...

Almost everything can now be done by a smartphone app, but the added convenience comes at a price both for businesses and consumers.No middleman, real...

Pacer Mustafizur Rahman was the saviour yesterday, helping Bangladesh complete a remarkable turnaround from a trying situation as they trumped Australia by 10 runs in...

Britain’s post-coronavirus recovery slowed sharply in July to its weakest level since March as supply-chain bottlenecks and rising worker absences caused by Covid-19 isolation rules...

Mubadala Capital, the asset management arm of Mubadala Investment Company, launched a $200 million initial public offering of a blank-cheque company which will seek acquisitions...

Uber’s ride-hailing service is regaining the momentum that it lost during the pandemic, but it's coming at a cost that's raising more doubts about the...

Sony upgraded its full-year profit forecast Wednesday on the back of a strong quarterly performance, although the pandemic boom enjoyed by the gaming sector is...

Employers are losing patience with unvaccinated workers.For months, most employers relied on information campaigns, bonuses and other incentives to encourage their workforces to get the...

Amid a battered property market due to the severe impact of the Covid-19 crisis, Thailand’s real estate brokers are increasingly trying to reinvent business by...

Sales of imported cars have jumped again while domestic automakers languished in the first half of the year.According to the Korea Automobile Manufacturers Association on...

Price inflation is hitting mom-and-pop businesses particularly hard after they were already battered by the coronavirus pandemic.Even restaurants and other small food businesses that weathered...

A long-drawn political crisis will undermine Tunisia’s chances of successful negotiations with the International Monetary Fund for a multi-year funding programme it needs to support...

Air travel in the U.S. is hitting new pandemic-era highs, and airlines are scrambling to keep up with the summer-vacation crowds.Despite rising numbers of coronavirus...

The luxury sector has flashed back from the COVID-19 pandemic but the crisis is still putting a crimp in travel, a key part of the...

Kia has finally rolled out its first fully electric vehicle, the EV6, after unveiling it in March.The carmaker on Monday started delivering the EV to...

My great aunt, who is now in her eighties, lived her childhood and early teen years during a time when life was harsh for people...

As Japan's impressive medal haul grows, sales of official Tokyo Olympics merchandise such as badges and keyrings have been surging, with fans queuing outside stores...

Chinese factory activity weakened in July to its lowest level since the start of the pandemic, data showed Saturday, as manufacturing was impacted by slowing...

Large Indian pharma enterprises are looking into the possibility of setting up a pharmaceutical hub in Vietnam to benefit from the country’s shift to becoming...

ANA Holdings Inc reported Friday a net loss of 51.16 billion yen ($470 million) in the April-June quarter as the coronavirus pandemic continued to dent...

A rights group has asked US authorities to investigate the Malaysian operations of multinational US firm Goodyear Tire & Rubber over accusations of abusive labour...

Hyundai and LG Energy Solution are joining hands to build an electric-car battery factory in Indonesia in a rare tie-up between two of Korea's traditionally...

Barcelona manager Ronald Koeman has reportedly turned down the opportunity to sign two certain players for the Catalan giants.According to Spanish outlet Sport, the Dutchman...

McDonald's has profited massively from a tie-up with Korean super boy band Bangtan Boys, also known as BTS.The global fast-food franchise's second-quarter sales surged 6.9...

A Singapore startup is taking the possible applications for artificial intelligence and Internet-of-Things a step further and has developed what it calls a “one-stop solution”...

Korea's biggest supermarket chain E-Mart and Singapore's sovereign wealth fund want to buy a bigger stake in Starbucks' Korean branch.Shinsegae Group, which owns E-Mart, said...

Hyundai Engineering and Construction has won a US$428 million project from the Peruvian government to build an airport in Cusco.The Korean builder is part of...

Maserati rolled out its Ghibli Hybrid sedan in Korea on Wednesday.The model represents the Italian luxury carmaker's first step toward "the electrification of all new...

French biopharmacy company Ipsen opened an office at Dubai Healthcare City to serve as its new Middle East and Africa base.The company said its office...

The father-son team that smuggled former Nissan Motor chairman Carlos Ghosn out of Japan in a large musical-equipment case were sentenced to time in prison...

Samsung will provide its Galaxy S21 smartphones to all Olympic and Paralympic athletes competing at the upcoming summer games in Tokyo.As a worldwide Olympic partner,...

Gasoline prices across the country have risen for 11 weeks, surpassing W1,700 a liter for the first time in almost three years at filling stations...

As millions of Muslims around the world prepare to celebrate Eid Al Adha, or the Feast of Sacrifice, few of them are also preparing to...

Citigroup stopped taking applications for its $495-a-year Prestige card, a competitor to American Express’s Platinum line and JPMorgan Chase & Co’s Sapphire Reserve.The bank will...

Mukesh AmbaniBillionaire Mukesh Ambani’s Reliance Industries is considering a bid for Indian government incentives for solar power manufacturing, as the fossil fuels company begins a...

Honda Motor’s new chief executive said on Friday the Japanese automaker was willing to form new alliances to make electrification profitable.“If through an alliance Honda...

Malaysia will work close together with information technology specialists from India to push and further develop its digital economy, The Hindu reported.Among the partners is...

Debtors were granted another reprieve on Thursday as the Bank of Korea kept the base rate flat at 0.5 percent for the ninth month.The central...

More and more duty-free shops are closing down as the protracted coronavirus pandemic keeps the international travelers that are their sole source of income at...

Hyundai released a new model of the Avante sedan under its high-performance N brand on Wednesday.Designed as an everyday sports car, the Avante N is...

Eighteen salaried employees of Korea's top 100 businesses own more than W10 billion worth of stocks, and four executives have more than W100 billion worth...

Korean companies like Samsung and LG are on edge amid a surge of coronavirus infections in Vietnam, where they have vital production facilities.The Vietnamese government...

Fewer and fewer mom-and-pop businesses can afford to employ any staff, with the number of those who do hitting a record low of 1.28 million...

China’s exports surged in June while import growth slowed to a still-robust level as its economic rebound from the coronavirus leveled off.Exports rose 32.2% from...

Sales of low-rise flats have surpassed sales of high-rise units in Seoul as homebuyers cast their snobbery overboard in an overheated market.According to the Seoul...

Many businesses are trying to help staff cope with depression, anxiety and burnout caused by working from home for over a year.IT companies were the...

South African rioters looted and burned a TV factory belonging to Korea's LG Electronics on Monday as political unrest escalated.Rioting began on July 9, when...

Four out of every 10 electric cars sold in Korea in the first six months of this year were Teslas as domestic automakers struggled with...

South Korea said on Tuesday (Jul 13) that it planned to raise the national minimum hourly wage by the fastest rate in three years for...

China's exports grew at a much faster than expected pace in June as virus outbreaks and port delays were eclipsed by solid global demand thanks...

As the entire banking industry shifts more and more to digital solutions and services and many, particularly tech-savvy customers have not seen the interior of...

Amazon.com Inc said its online stores had returned to normal services after a global outage disrupted shopping on its country sites.According to outage monitoring website...

A total of 80.5 percent of university seniors in Japan who are scheduled to graduate next March have secured job offers as of July 1,...

China on Sunday said it will take “necessary measures” to respond to the U.S. blacklisting of Chinese companies over their alleged role in abuses of...

Grocery delivery app Market Kurly has decided to go public on the Korean stock market instead of Wall Street.Markey Kurly said last Friday that it...

G20 finance ministers have announced they are supporting a historic shake-up in tax laws that target multinational corporations that move profits into low-tax havens.The support,...

Oil prices levelled their gains last week, rounding the week 0.8 per cent lower amid uncertainty over when Opec+ will reconvene to decide output increases.Brent,...

Seven-Eleven Japan Co has said it will start programs to support both the private and work-life of foreign workers at its convenience stores as part...

When Pat Curry spotted bite-sized wood-fire rotisserie chicken with portabella mushroom at her local Costco in early June, she felt “giddy." After a 14-month hiatus,...

China’s auto sales rose 27% in the first half of 2021 from a year earlier but still were below pre-pandemic levels, and production and sales...

Malaysia's government and state fund 1Malaysia Development Berhad (1MDB) are seeking more than US$5.6 billion in damages from KPMG partners for alleged breaches and negligence...

Two billionaires are putting everything on the line this month to ride their own rockets into space.It’s intended to be a flashy confidence boost for...

Businesses are seeing their hopes crushed as the government tightened lockdown in the greater Seoul area amid a surge in coronavirus infections. One hospitality industry...

Korean fast-fashion brands Topten10 and SPAO have beaten Zara to become the second and third most popular in the domestic market and are challenging No....

Chinese regulators urged ride-hailing giant Didi Chuxin to delay its $4.4 billion New York IPO to examine security concerns, advice the company did not heed,...

The owners of restaurants, amusement parks and retail shops, many of them desperate for workers, are sounding an unusual note of gratitude this summer:Thank goodness...

Korea's main stock index closed at a fresh record high on Tuesday just seven trading days after the last.The Korea Composite Stock Price Index closed...

Kia on Tuesday started accepting pre-orders for its new Sportage SUV.The new Sportage, having undergone its first complete revamp in six years, is as big...

With Sunday's election of the new Tokyo metropolitan assembly, the Japanese capital faces the tall task of restoring its finances hit by massive spending in...

In the past few weeks, ransomware criminals claimed as trophies at least three North American insurance brokerages that offer policies to help others survive the...

Korea's foreign exchange reserves fell in June for the first time in three months after a record run.The Bank of Korea said Monday that its...

Kia launched an upgraded version of its Ray subcompact on Monday.The Ray was the best-selling subcompact car in the domestic market in the first half...

As America's job market rebounds this summer and the need for workers intensifies, employers won't likely have a chance to relax anytime soon. Worker shortages...

The Suez Canal Authority on Sunday said it has reached an agreement to settle a financial dispute with the owners of a hulking container ship...

Apartment prices across the country rose at unprecedented rates during the first half of this year.Prices rose particularly sharply in parts of Seoul, surrounding Gyeonggi...

Another one of Korea's landmark movie theaters, Seoul Cinema, will close its doors for the final time after decades of entertaining audiences amid an onslaught...

Tesla says it delivered 201,250 electric vehicles in the second quarter as it overcame a global computer chip shortage that has hit nearly every automaker.The...

Draft rules aimed at reining in the power of companies such as Facebook and Alphabet unit Google should cover more than just the top five...

Oil prices narrowed their spread and rounded off the week higher as Opec+ adjourned a long-drawn out meeting over future production increases.Brent, the international benchmark,...

Bank Negara, the central bank of Malaysia, said on July 2 that it has received a total of 29 applications for digital banking licenses, with...

Remarkable Group, a London-based digital transformation company, said it acquired Jordan's Tanasuk Technologies.Tanasuk is a Middle East partner of US-based content management systems specialist Sitecore,...

Smartphone and chip giant Samsung Electronics' fulfillment of a headline-grabbing pledge to switch to renewable energy in the U.S., China and Europe accounts for less...

The total wealth of high-net-worth individuals rose 7.6 per cent in 2020 to about $80 trillion, driven by government stimulus measures and rising equity markets,...

The Vietnamese government has ordered its central bank to study virtual money using blockchain technology over three years amid rising domestic interest in this type...

Mitsubishi UFJ Financial Group shareholders on Tuesday defeated a proposal for the bank to align its business with global targets on climate change, dealing a...

Police in India have registered three new cases against Twitter for allegedly hurting sentiments and promoting child pornography, marking an escalation in the row between...

Billionaire entrepreneur Elon Musk said on Tuesday (Jun 29) that his Starlink venture was growing quickly as he forecast total investment costs in the satellite...

Five Asian countries are responsible for 80 per cent of new coal power stations planned worldwide, with the projects threatening goals to fight the climate...

Shares in Alpha Dhabi, the investment group listed on the Abu Dhabi Securities Exchange on Sunday, closed up by about 13 per cent on Monday,...

A solar-technology company backed by the Bill Gates-led Breakthrough Energy Ventures is seeking to boost output of photovoltaic panels by as much as 30 per...

Ssangyong issued a sale notice on Monday to launch the search for a new owner.The cash-strapped SUV maker said it will accept letters of intent...

Korean Air said Monday that flights to Guam will resume in August rather than November as planned.Koreans who want to enjoy the beaches and golf...

Nearly 140 countries will haggle over key details of a global corporate tax plan this week, with some concerned about giving up too much and...

One of the strangest things that companies can do with their surplus cash is to buy their own shares, and right now they are going...

The International Monetary Fund (IMF) in its new Country Focus on Thailand published on June 23 suggests that Thailand uses the current crisis for a...

LG is seeking to sell iPhones from its digital appliance shops now that it has shut down its own smartphone business.That is bad news for...

Electric car giant Tesla will recall over 285,000 cars from the Chinese market after a study found issues with its assisted driving software that might...

The International Monetary Fund expects to finalise plans to complete the allocation of special drawing rights of $650 billion, the largest issuance in its history,...

Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, approved the restructuring of the emirate's chamber of commerce into three separate entities.They will be...

The strong shareholder rebuke on Friday of Toshiba Corp's intend to retain two outside directors responsible for overseeing management is defined to deepen the woes...

Hyundai sold 24,420 cars in Vietnam in the first five months of the year, overtaking Toyota (24,112) to be the most notable seller there. Its...

Panasonic Corp sold its stake in electric car maker Tesla Inc for about 400 billion yen ($3.61 billion) in the year ended March, a spokesperson...

Bank of Korea Governor Lee Ju-yeol on Thursday sent the clearest signal yet an interest rate hike is imminent.Lee told reporters that the existing base...

Korean online fashion retailers have become popular in Japan and elsewhere thanks to K-pop bands and TV series.Musinsa, Korea's No. 1 online fashion retailer, chose...

Global passenger airlines are just "moderately positioned" to adjust to a low-carbon future, with technological challenges proving to become a major hurdle, Moody's said in...

The International Brotherhood of Teamsters, a union that represents 1.4 million delivery workers, is setting its sights on Amazon.On Thursday, it'll vote on whether to...

Singapore Foreign Minister Vivian Balakrishnan has stressed the value of advancing monetary integration and maintaining trade and investment flows by strengthening supply chain resilience. Dr Balakrishnan...

The owners and insurers of the giant container ship that blocked the Suez Canal for nearly a week earlier this season reach an agreement in...

Mobile finance application Toss' corporate value has been assessed at W8.2 trillion (US$1=W1,137).Viva Republica, which owns Toss, said Wednesday that the app has won a...

Sherry Villanueva’s family of Santa Barbara restaurants employed 350 persons prior to the pandemic took hold and darkened dining rooms across California. Now, with the...

As electric car sales soar, Europe has started to build-up its capacity to produce batteries on the continent nonetheless it remains far from reducing its...

Korea's finances are at their most unstable since the global financial crisis therefore of record-high household debt and surging apartment prices, the lender of Korea...

Midsize construction firm SJ has been chosen as the recommended bidder to obtain cash-strapped budget carrier Eastar Jet, the airline said Tuesday.A consortium led by...

Ashgabat in Turkmenistan, Hong Kong and Beirut are the three priciest cities on the planet for expatriates to live and work in 2021, according to...

Frank McCourt, the billionaire real estate mogul and former owner of the LA Dodgers, is pouring $100 million into an attempt to rebuild the foundations...

Employees at food and beverage outlets that resumed dining-in on Monday (Jun 21) expressed happiness and relief at receiving customers at their outlets again.The COVID-19...

While the USA and Europe waged a 17-year trade battle over subsidies to Boeing and Airbus, China poured money into its commercial aircraft to defend...

Asian markets skidded on Monday, with Japan's Nikkei 225 index down 3.4%, after a sell-off Friday on Wall Street gave the S&P 500 its worst...

After a steep fall in the quantity of condominium buyers in Thailand through the various peaks of the Covid-19 pandemic in the united states and...

A growth in religious conservatism in Indonesia is drawing talent away from what some view as un-Islamic jobs in banking, industry professionals say, creating hiring...

India's surging inflation is adding to the country's economic woes, presenting challenges for businesses and policymakers alike as analysts warn of risks that could prevent...

Japan's government plans to encourage firms to let their employees decide to work four days weekly instead of five, aiming to enhance the balance between...

About 97 percent of 116 major Japanese companies responding to a survey have said they plan to conduct workplace COVID-19 vaccinations, covering at least 2...

Malaysian car or truck online platform Carsome is considering an initial public offering (IPO) in the US in a deal that could make it Malaysia’s...

The Philippines slipped seven spots to rank 52 out of 64 countries listed in the 2021 World Competitiveness Report, the most recent gross annual ranking...

Small investors' passionate romance with Samsung Electronics stocks is cooling quickly, and their second favorite Tesla too is losing its luster. So popular was Samsung...

The U.S. Federal Reserve's signal this week that it might raise interest rates sooner than expected has put pressure on the Bank of Korea to...

Demand for craft beer is going through the roof at convenience stores as more and more people drink in the home through the coronavirus pandemic....

Tokyo’s Akihabara neighborhood is a mecca for anime and video game fans, with a higher concentration of enthusiast oriented shops and venues than somewhere else...

Korean Air won't resume flights to many Japanese cities until late July. The flagship carrier said Wednesday it would continue to suspend its routes to...

The Korea Composite Stock Price Index set yet another milestone on Wednesday, nonetheless it may be the last for some time following the Fed threw...

The labor unions of Korea's three major car manufacturers Hyundai, Kia and GM Korea filed a petition to the National Assembly on Wednesday to push...

Mizuho Financial Group Inc's corporate culture is to be blamed for its long history of tech system failures, creating an atmosphere where managers are reluctant...

The UAE's retail economy is "inching towards pre-pandemic levels" as customer confidence returned over the last 90 days of 2020 and the first 90 days...

Kia released its new K9 large sedan on Tuesday.Having undergone its first partial facelift in three years, the sedan is equipped with various high-tech features...

Korea exported US$48.7 million of strawberries in the first five months of the year, up 25 percent on-year.Based on the Ministry of Agriculture, Food and...

Korean airlines are resuming international flights as the federal government plans to open a travel bubble for vaccinated people with several countries.Asiana Airlines said Monday...

Given that some travel advisory levels have lowered and the temperatures are creeping up, persons are beginning to dream longingly about venturing out to hold...

Flights to nowhere are anticipated to come to a finish as people who've been fully vaccinated can resume limited travel abroad next month.According to the...

Toshiba Corp on Sunday dropped the names of two board directors accountable for auditing from its set of prospects pending shareholder approval later in June...

Hyundai plants in the home and abroad are suspending production due to an ongoing shortage of automotive computer chips. Hyundai said Monday that it is halting...

Imagine if China were to take off the United States and Europe from access to rare minerals that are crucial to electric vehicles, wind generators...

The bidding for troubled budget airline Eastar Jet started all over again Monday following the last handle Jeju Air fell through.Interested buyers will submit their...

Cosmetics sales are rebounding after a slump amid the coronavirus pandemic.Health and beauty chain CJ Olive Young earned W107.2 billion from a summer sale from...