A Hong-Kong flagged ship was held in South Korea for allegedly breaching the UN sanctions against North Korea by transferring oil to a vessel from North Korea in October. The crew members were also held, said South Korea. A South Korean Foreign Ministry official said that the detained vessel named the Lighthouse Winmore allegedly transferred…
Austrian holiday airline Niki would be purchased by British Airways’ parent company IAG. The firm would pay €20 million ($24 million) for the insolvent Austrian flier. Additional liquidity of up to €16.5 million would be provided for the Austrian company by IAG, the company Also said. Following the exit and withdrawal of financial support from…
North Korea has been provided an economic lifeline by Russian tankers who have, in recent months, shipped fuel to the rogue state at least three times. This was done by transferring of the fuel at sea. This was reveled in media reports quoting two senior Western European security sources. The sources also said that this…
A search application program interface (API) offered by OddConcepts, a member of the K-ICT Born2Global Centre, would enable the fashion shoppers to dramatically ease their shopping experience as well as get the best options that are best suited for them. The application first asks the user to choose clothes that are the most likely matches…
The latest report from Technavio, the market research analysts, predict that there would be a growth of over 7 percent CAGR in the global commercial vehicle market. Market experts and analysts at Technavio have highlighted three major market drivers which would contribute primarily to the growth of the market for the global commercial vehicle connectors…
Uber has managed to get an investment from technology billionaire Masayoshi Son’s firm SoftBank and the ride-hailing company is hoping that this would usher in a journey that would be less bumpy for it. This is not the first time that SoftBank has made significant investments in the ride hailing company. the latest round of…
Shares of AMS, a chipmaker appreciated by 206% in 2017. On Friday, European stocks steadied their footings and were set to post their strongest gains since 2013 buoyed by surging tech stocks as well as a robust resources sector. Although the eurozone blue chip stocks dropped by 0.1%, the pan-European STOXX 600 index remained flat,…
Gazprom PJSC, the largest oil supplier of Europe has recently declared that that its ambitions to expand seem to be becoming achievable based o n the deliveries this year and this has prompted many to conclude that the near record highs of the export of natural gas to Europe would be kept up by Russia…
There are rising allegations in the UK about children being exposed to the risk of addiction of gambling as Facebook is being used to offer gambling type apps without any age checks by a company that is engaged in offering thousands of fixed-odds betting terminals (FOBTs). It was noted that over 60,000 children ran the…
The filing of bankruptcy by Air Berlin has led to a capacity bottleneck leading to cheaper fares getting sold off faster, which in turn has led to rising prices for air fares in Germany. On Thursday, Andreas Mundt, the head of a German cartel office told German newspaper Sueddeutsche Zeitung that airlines should not be…
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