Korea seizes Japanese companies asset over wartime forced labor
Japan has summoned Seoul’s ambassador in protest. The seizure of Korean assets of Japanese steelmaker Nippon Steel & Sumitomo Metal over Japan’s wartime use of South…
Korea’s jobless rate rises in December
The economy is a major hurdle for Moon’s administration. South Korea’s jobless rate rose slightly in December from a year earlier, government data showed Wednesday, as…
Ghosn declares innocence in 1st appearance in court
He may stay six months in jail while awaiting trial. Carlos Ghosn, the former Nissan Motor Co. chairman rearrested on suspicion of aggravated breach of trust under the Companies…
Ghosn and prosecutors at odds over ‘losses inflicted on Nissan’
Former chairman to spend Christmas and New Years in jail. In connection with his rearrest on suspicion of violating the Companies Law, former Nissan Motor Co. Chairman Carlos…
Huawei’s operations expand global reach
Vote of faith won in India, as business remains on track in Germany, France. Even though it faces security allegations in several developed markets, Chinese technology major…
AIIB approves applications of six more countries
The total of countries with a membership in the China-led bank now stands at 93. The Asian Infrastructure Investment Bank (AIIB) announced on Wednesday that its Board of Governors…
British Airways to resume flights to Pakistan after 10 years
Flights were halted due to security concerns. British Airways will resume flights to Pakistan from June next year, announced the airline on Tuesday. “Direct flights from…
No wonder drug to help Taiwan in U.S.-China trade war
Taiwan must be set to weather the effects of the US-China trade war says its Finance Minister. Finance Minister Su Jain-rong has said the ongoing trade war between the United…
Malaysia files criminal charges against Goldman Sachs
Two ex-bankers have also been charged in connection to the 1mdb scandal. Malaysia said on Monday it has filed criminal charges at home against Goldman Sachs and two of the U.S.…
Indonesia plans to make 30 percent bio-diesel blend mandatory
Studies are ongoing on the correct type of petrol. While the government expanded the mandatory use of a 20 percent biodiesel blend ( B20 ) in September, it plans to further boost…