Search result for BILLION
Biden desires a $886 billion defence budget with a view toward Ukraine and future conflicts.
UNITED STATES OF AMERICA, March 13 (Reuters) Russia's war in Ukraine has prompted calls for increased spending on munitions, and President Joe Biden has requested $886 billion, the largest peacetime U.S. military budget. This proposal includes a 5.2% pay raise for troops and the largest alloc...
Kremlin Decides to Cut Spending by 24 Billion Euros As it Continues to Face Western Sanctions
The Kremlin is set to cut its future spending plans by 24 billion Euros as sanctions from the West continue to hit Russia. The Russian media has claimed that the country will be cutting its defense, transport, and technology budgets in the future.
Over 1.6 trillion Rubles have been redu...
Germany Refuses 5 billion Dollar Chip Deal with Taiwanese Firm
A Taiwanese firm, Global Wafers, that manufactures silicon wafers for computer chips shall no longer go ahead with its plans of purchasing the rivaling Siltronic, a Munich-headquartered firm, as German policymakers refuse to approve the deal in time.
The deal collapsed on Monday as the ...
UAE Announces its Industrial Exports Reach 120 billion Dirhams
The industrial sector of the United Arab Emirates has been flourishing with increased growth and development. The Ministry of Industry and Advanced Technology has observed a historic rise in the country’s industrial exports that have totaled to approximately 120 billion Dirhams in 2021.
...ARMIE HAMMER NOW AXED FROM UPCOMING THRILLER ‘THE BILLION DOLLAR SPY’
Highlights
• According to the reports, actor Armie Hammer has been dropped from Cold War thriller ‘The Billion Dollar Spy' directed by Amma Asate for Walden Media
• Hammer was signed for this project before he became part of the controversy over graphic mes...
CHINA’S MOMENT OF VICTORY WITH HUALONG ONE NUCLEAR REACTOR COMMENCING COMMERCIAL OPERATIONS
- China's first nuclear power unit using Hualong One technology, a domestically developed third-generation reactor design, has commenced commercial operations on Saturday, according to a statement released by the China National Nuclear Corporation (CNNC).
- The commercial funct...
SOUTH KOREA’S GL RAPHA TO PRODUCE 150 MILLION VIALS OF RUSSIAN COVID-19 VACCINE
- Bio-tech Company GL Rapha has been chosen to produce 150 million doses of Russia's Sputnik V vaccine to battle against the COVID-19 in Korea every year, the Russian Direct Investment Fund (RDIF) said Friday.
- The statement was issued after the RDIF declared in August that Ru...
ALIBABA HITS A WINNER WITH $56.26 BILLION RECORD- BREAKING SINGLES DAY SALES
- China's biggest e-tailer Alibaba, posted mammoth collections in its yearly Singles Day deals this year.
- While Alibaba had released day by day marketing projections for each Nov. 11 every year, this year its information included Nov. 1-10 presales figures, which arrived at 3...
HYOSUNG T&C TO INFUSE 60 B WON IN TURKISH SPANDEX PLANT AMIDST APPAREL MARKET RESURGENCE
- Hyosung T&C said Monday it will infuse 60 billion won ($5.2 million) to multiply profoundly its spandex plant in Turkey, as part of the company's plan to capitalize on the recovery of the global apparel market.
- As per the company, it diversified to invest in the spandex...
FIRES WITHIN KONA ELECTRIC WILL DECIDE FATE OF HYUNDAI SIGNATURE BRAND IONIQ EV
- Hyundai Motor is trying hard to contain the impact of fires in its Kona Electric vehicles, deciding to launch recalls affecting more than 77,000 of the electric vehicles (EV) worldwide.
- The move is considered to be an effort to rule out concerns and doubts surrounding Hyundai M...
LG CHEM IMPARTS GOLDEN TENETS OF BIODIVERSITY TO TEENAGERS IN CSR INITIATIVE
- LG Chem, South Korea’s pioneering chemical enterprise is forging ahead with its environmental corporate social responsibility (CSR) vision named “Green Connector.”
- The chemical company’s new CSR foresight is tuned in to help conserve biodiversity, foster...
KT TIES UP WITH NGENEBIO TO FORAY INTO THRIVING DIGITAL HEALTHCARE MARKET
- There is a spurt in movement from Korean telecommunications firms presumably seeking to enter the digital health care market.
- Korean Telecommunications (KT) on Friday said it has signed a memorandum of understanding (MoU) with local gene sequencing company NGeneBio to jointly f...
SOUTH KOREA TOURISM TAKES A BIG HIT WITH COLLAPSING REVENUES
- In the second quarter of this year, South Korea's tourism revenue plummeted to a 17-year low as a result of the novel coronavirus pandemic, government data Monday on revealed.
- The Korea Tourist Organization (KTO) announced the US $1.19 billion in tourism revenue for the Apr...
BIONEER CLINCHES DEAL WORTH 5.6 BILLION WON OF COVID-19 KITS TO COLUMBIA
- Bioneer embarked on a colossal deal that was a shade more than 5.6 billion won ($4.7 million) to deliver the South American country of Colombia with COVID-19 safety kits and sequencing machine, the company said Tuesday.
- Bioneer is on track to provide both COVID-19 test kits and...
SOUTH KOREAN SHIP BUILDERS INK DEALS WORTH 1 TRILLION WON
- South Korean shipbuilders have won orders consecutively one after another in recent months after failing in the first half of this year.
- Expectations are growing that they will continue to win more liquefied natural gas carrier (LNG) orders in the latter half despite the pandem...
HYUNDAI ROTEM’S BUSINESS TWEAK WITH HYDROGEN REFORMER PLANT
- Hyundai Rotem Co., a South Korean railway system and plant equipment maker, announced this Tuesday it will build a hydrogen reformer plant as a bold move to augment its diversification strategy.
- Hyundai Rotem will establish a hydrogen reformer production facility at its R&D...
SAMSUNG ELECTRONICS CO. INVESTS IN A NEW FOUNDRY PRODUCTION LINE
Highlights –
- Samsung Electronics Co. invests $8 billion to expand its foundry production line.
- Samsung currently has five foundry production lines in its home country.
- This would be the chip-making giant’s sixth production line....
KOREA EXPORTING SAFETY GEAR TO IRAN WITHOUT FEAR OF US EMBARGO
- United States has put trade sanctions between Iran and Korea which are prohibitive.
- Korea and Iran can enter into a trade sanction by allowing the deal to be carried through with transaction dealt over wire transfer.
United States has put a trade embargo on Ir...
$50 BILLION AID TO SMALL AND MEDIUM VIRUS IMPACTED BUSINESS: TRUMP
Highlights:
- Aid to provide relief to the virus outbreak impacted small & medium businesses
- Trump announces a $50 billion to be channelled through SBA
In an attempt to support the economy and help the small and t...
DISNEY MADE $20.8 BILLION
Highlights
- Revenue rose to $20.8 billion
- The platform has 28.6 million subscribers
- Disney’s movie studio had a robust quarter with $3.7 billion in revenue
Disney+ reported on Tuesday that it had brought subscrib...