The Korea Herald

Boeing says 737 MAX return delayed until mid-2020

Jan 22, 2020

NEW YORK (AFP) -- Boeing on Tuesday officially pushed back the timeframe for the 737 MAX to return to the skies, sending shares plunging and overshadowing an earlier announcement of a first flight of...
Carlos Ghosn's escape: What we know

Jan 5, 2020

From jumping bail and fleeing to Lebanon to be met with an arrest notice from Interpol, Carlos Ghosn's escape from Japan has been worthy of a Hollywood plot. Here's what we know about the former Ren...
Official: China hopes for US trade pact as tariff hike nears

Dec 9, 2019

A Chinese official says Beijing wants a prompt settlement of its trade war with Washington. A deputy commerce minister said Monday that Beijing wants "satisfactory results as soon as possible.'' The...
[Graphic News] Air New Zealand named world’s best airline 2020

Dec 8, 2019

Air New Zealand has dethroned Singapore Airlines to reclaim the title of world’s best airline for the sixth time. AirlineRatings.com released the latest edition of its annual ranking, which is bas...
China introduces mandatory face scans for phone users

Dec 1, 2019

BEIJING (AFP) -- China will require telecom operators to collect face scans when registering new phone users at offline outlets starting Sunday, according to the country's information technology auth...
E-commerce giant Alibaba raises $11 billion in share listing

Nov 20, 2019

The Chinese e-commerce giant Alibaba has raised at least $11 billion in a share offering in Hong Kong, netting the city's biggest offering since 2010 despite recent political turmoil. Alibaba said W...
[Graphic News] Global market size for luxury goods and jewelry

Nov 19, 2019

According to Euromonitor International, global luxury goods sales reached $954 billion in 2017 and the global market grew 5 percent in 2018 across most segments. Luxury cars sales accounted for al...
Saudi Aramco's IPO Is Vulnerable to the Russians

Nov 12, 2019

In finance, as in comedy, timing is everything. Get it right and you have investors (or the audience) in the palm of your hand. Get it wrong and the ensuing silence is painful. Saudi Arabia has step...
[Graphic News] No. of China’s ‘unicorn’ startups exceed US for first time

Nov 11, 2019

China now has more privately held startups valued by investors at over $1 billion than the US, a report said. There were 206 Chinese firms out of a global total of 494 ultravaluable startups - kno...
Beyond vegan burgers: next-generation protein could come from air, methane, volcanic springs

Nov 6, 2019

It may sound like science fiction, but in a few short years the family dinner table may be laden with steak from a printer and other proteins produced from air, methane or volcanic microbes. With...
Euro zone economy at risk of contracting in Q4, PMI shows

Nov 6, 2019

Euro zone business activity grew more than initially thought last month but remained close to stagnation, according to a survey whose forward-looking indicators suggest the existing growth might dis...
Saudi regulator says approves Aramco share offering

Nov 3, 2019

RIYADH (AFP) -- Saudi regulators on Sunday approved state energy giant Aramco's request to make its stock market debut, firing the starting gun on the highly anticipated offering which could be the w...
[Graphic News] Rich Chinese outnumber wealthy Americans for first time

Oct 28, 2019

The number of rich Chinese has surpassed the count of wealthy Americans for the first time as both countries keep churning out millionaires, a study by Credit Suisse showed. The Swiss bank’s annua...
Luxury giant LVMH makes bid for jewellers Tiffany: source

Oct 28, 2019

NEW YORK (AFP) -- LVMH, which owns Louis Vuitton, Dior and the champagne brands Veuve Clicquot and Moet, has made a bid for American jeweller Tiffany, known for its engagement rings and diamonds. Th...
SoftBank Seeks Majority Stake in WeWork With Bailout Deal

Oct 22, 2019

SoftBank Group Corp. offered to take a majority stake in WeWork, one of two rescue packages that the board of the troubled company is weighing, according to people familiar with the matter. The deal...