On Thursday, South Korea’s LG Chem said, it plans on making its battery business as a separate business entity. The company supplies electric car batteries to Tesla Inc and General Motors. By separating its battery making business, which will be… Read More ›
supplies
U.S.-UK commence trade negotiations
On Tuesday, the United States and Britain launched trade negotiations through videoconferencing following the UK’s exit from the European Union. Both countries, struggling to cope with the coronavirus pandemic are aiming to shore up domestic supply chains. These talks are… Read More ›
Smithfield Foods, biggest U.S. pork processor indefinitely shuts down Sioux Falls, South Dakota, plant due to coronavirus pandemic
Smithfield Foods, the world’s biggest pork processor stated, it will shutdown a U.S. plant indefinitely following a hike in the number of coronavirus cases among employees. It also warned that the country is moving “perilously close to the edge” in… Read More ›
Uber to ship disinfecting car sprays to drivers free of cost
In a statement, Uber Technologies Inc said, it will begin shipping disinfecting car spray to drivers operating in areas that have been the most affected by the Wuhan coronavirus outbreak. The development comes in the wake of Uber promising in… Read More ›
Coronavirus adds pressure to China’s pork prices and supplies
An official from China’s agriculture ministry told a briefing on Sunday that the coronavirus outbreak has led to a delay in the launch of a new pig breeding program which i has piled on more pressure on pork prices and… Read More ›
South Korea to invest $6.48 billion to cut reliance on Japanese imports
The ruling of a South Korean court ignited bilateral trade ties. Since then, relations have tread mostly southwards. On Monday South Korea announced, it plans on investing $6.48 billion (7.8 trillion won) in research and development for local materials, equipment… Read More ›