South Korea has made an announcement regarding a proposal to settle a labour dispute with Japan that dates back to the war.

On Monday, South Korea unveiled a controversial plan to raise local civilian funds to compensate Koreans who won damages in cases against Japanese businesses that enslaved them during World War II.

The proposal is a reflection of conservative South Korean President Yoon Suk Yeol's d...

Amazon receives a hefty charge from French authorities due to disputes over reseller agreements

Competition, consumer, and anti-fraud office (DGCCRF) issued a statement saying it has already ordered the corporation to fix "a major imbalance in contractual conditions to Amazon's benefit" in December 2021. Amazon missed the March 22 deadline by a wide margin, and the fine it pai...

Abu Dhabi Plans on Developing New Mechanism That Settles Sports Disputes

The capital of the United Arab Emirates is set to become an international hub for arbitration for sports.

Abu Dhabi is working on a new mechanism that will settle local sports disputes using an international component for the promotion of dissemination of the culture of arbitration.

GENERAL MOTORS FIRES ALL WORKERS FROM PUNE FACTORY

HIGHLIGHTS

• General Motors has fired all employees in its Pune factory.
• Total 1419 workers were fired.

Among layoffs in the Indian Automobile Sector, the latest one appears to be one of the biggest as General Motors has fired all of i...

LG ENERGY & SK INNOVATION’S STOCKS GAINED AFTER EV BATTERY SETTLEMENT

Highlights –

• LG Energy & SK Innovation’s stocks gained after EV battery settlement.
• SK Innovation agreed to pay $1.78 billion to LG Energy under the settlement.
• LG Chem stocks gained 0.62 percent to 817,000 won on Monday tra...

DISPUTE BETWEEN UK AND EUROPEAN UNION DEEPENED OVER COVID-19 VACCINE SHIPMENTS

Highlights:

• Dispute between United Kingdom and European Union has been deepened over covid-19 vaccine concerns
• The NHS of UK has blamed the increasing short-term decrease of covid-19 doses on a drop in the inbound vaccines

A dispute ...

FACEBOOK WILL BE PAYING $650 MILLION TO SETTLE A US PRIVACY DISPUTE

Highlights

• A US federal judge recently gave final approval to payment worth $650 million in order to settle a privacy dispute between Facebook and 1.6 million users in the state of Illinois

• As per the documents seen by the news agency, this decision was issued on...

MIKE POMPEO UNRGED TURKEY AND GREECE TO PURSUE TALKS ON THEIR MARITIME DISPUTES

Highlights:

• Mike Pompeo, who is the Secretary of State of United States have urged Greece and Turkey to pursue with the talks over the maritime dispute
• Mike Pompeo said that, they are hoping that these talks can continue further in a serious way
...

APPLE INC. AND EPIC GAMES DISPUTE CONTINUE OVER THE LATTER’S ‘FORTNITE’ GAME

Highlights –

• Apple Inc. and Epic Games dispute continue over the latter’s ‘Fortnite’ game.
• Apple Inc. has accused Epic Games of asking for a ‘side letter’ to create its own game for Apple App Store.
• Appl...

WTO AGREES TO BRIDGE JAPAN-SOUTH KOREA ELECTRONICS DISPUTE

Highlights:

• World Trade Organisation (WTO) granted South Korea’s request to inquire into Japan’s decision to restrict electronic component exports.
• A panel of three experts will be made to determine if Japan violated the WTO rules.
...

NORTH KOREA IS SENDING SOLDIERS TO JOINT BORDER SITES

HIGHLIGHTS

• North Korea is going to send soldiers to inter-Korean cooperation sites in its territory and reinstall guard posts.
• Recently, North Korea had destroyed an empty inter-Korean liaison office.
• To counter South Korea, North Korea is ...

INDIA-CHINA BORDER DISPUTE: BOTH SIDES BLAME EACH OTHER

Highlights:

• China and India are blaming each other for provoking fighting at which 20 Indian soldiers were killed.
• The confrontation in the Ladakh region was the first deadly fight in the border area in 45 years.
• China has not confirmed the...

JAPAN AND SOUTH KOREA AT THE BRINK OF TRADE WAR

HIGHLIGHTS

• A South Korean court has ordered the liquidation of the assets of a Japanese business organization because the latter refused to compensate forced laborers from the war when Japan colonized Korea.
• Japan can retaliate against South Korea in ...

CHINA SAYS NO TO TRUMP'S OFFER TO MEDIATE IN SINO-INDIA BORDER DISPUTE

The President of the United States, Donald Trump surprised the world with his offer to mediate between India and China over raging border dispute. The responses from both the countries involved in the border dispute were awaited, especially from China as it is also indulged in a cold war against ...

U.S-CHINA’S EXTENDED TRADE DISPUTE AFFECTS JAPAN’S NET PROFIT

Highlights:

• Companies predict fiscal 2019’s 9.6 per cent reduction of net profit
• U.S-China trade war and Coronavirus are the factors behind this fall

Japan’s major organizations have reported an estimated 9.6 per reductio...

U.S – CHINA TRADE DISPUTES AFFECT JAPAN’S MANUFACTURING INDUSTRY

Highlights:

• Japan reported trade deficit for the second consecutive year
• U.S -China trade disputes have directly affected Japan

China’s reduced demand from Japan due to ongoing trade disputes with the U.S has resulted in declin...

KIA MOTORS STILL FACING LABOR DISPUTES

Labor disputes in some of the major automakers are acting as a barrier towards growth. Korea's labor dispute is due to a low wage deal for the year 2019. Of the country's popular five carmakers, Hyundai Motor Co. and SsangYong Motor Co. have already settled the deal before entering 2020.<...

Japan and Korea Trade Dispute

The continuously worsening conditions of the trade spat between Japan and Korea are indicating no signs of a solution as the two rounds for resolving the disputes that were initiated by Japanese export curbs failed to reach ground.

Both the neighboring countries held a second round of t...

Study finds that Firms of Germany find China more trustworthy than the United States and the United Kingdom

According to the latest survey by Commerzbank, small and medium-sized firms of Germany are at present considering China to be a more trustworthy partner for the trade than the U.S. ,Britain. In the survey which was conducted by the polling firm Forsa, 2000 executives took part. It was found that ...