SEOUL: Hyundai Motor is set to triple the number of recalled Kona electric cars over battery cell fire risks with plans to recall around 51,000 vehicles in North America, Europe, China and other markets, Yonhap news agency reported on Sunday (Oct 11). The recalls would come after the South Korean […]
Business
KUALA LUMPUR: Malaysia’s industrial production index in August rose 0.3 per cent from a year earlier, the second straight month of positive growth although at a slower pace compared to July, government data showed on Monday (Oct 12). The index measures factory output from the manufacturing, mining and electricity generation […]
The U.S. bank sector has been pummeled this year but investors hunting for bargains there may need deep reserves of patience as banks are particularly sensitive to low interest rates, the uneven economic recovery and the muddy stimulus outlook. REUTERS: The U.S. bank sector has been pummeled this year but […]
President Donald Trump promised a new dawn for the struggling U.S. steel industry in 2016, and the lure of new jobs in Midwestern states including Michigan helped him eke out a surprise election win. CHICAGO: President Donald Trump promised a new dawn for the struggling U.S. steel industry in 2016, […]
LONDON: The British government is on Friday (Oct 9) set to announce further support for firms to retain staff in the coming months if they are forced to close as a result of the imposition of further lockdown restrictions. With the government expected to tighten restrictions over the coming days […]
LONDON: Britain’s economy expanded by a much lower-than-expected 2.1 per cent in August from July as the country tries to recover from its record slump during the coronavirus lockdown, official data showed on Friday (Oct 9). Economists polled by Reuters had expected growth of 4.6 per cent in August, according […]
WASHINGTON: The US government said in a court filing on Thursday it was appealing a judge’s ruling that prevented it from prohibiting new downloads of the Chinese-owned short video-sharing app TikTok. The Justice Department said it appealed the order to the US Court of Appeals for the DC Circuit. WASHINGTON: […]
JAKARTA: Nationwide protests and labour strikes against a polarising new jobs law in Indonesia continued across the country for a third straight day today. The “omnibus” jobs creation bill, passed into law on Monday, has seen thousands of people in South-east Asia’s largest economy take to the streets in protest […]
WASHINGTON: The US Justice Department on Friday (Oct 2)said it was appealing a judge’s decision to block the government from barring Apple and Alphabet’s Google from offering Chinese-owned messaging app WeChat for download in US app stores. The government said it was appealing the Sept. 19 preliminary junction issued by […]
WASHINGTON: New orders for US-made goods increased less than expected in August, though business spending on equipment appeared to be recovering, which likely supported the economy in the third quarter. The Commerce Department said on Friday (Oct 2) that factory orders rose 0.7 per cent after accelerating 6.5 per cent […]