Global Breaking News - Sunday, May 5, 2024
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[Misc] (HL-20200830~20200905) Weekly Headlines Review
최고관리자 | 20-08-28 12:23
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!!! A state-by-state breakdown of US coronavirus cases !!!
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(Mon) Xiaomi profit soars on overseas sales
샤오미, 해외 매출 강세로 이익 급증
Chinese brand Xiaomi has shrugged off a difficult global market for smartphones. The firm says profit more than doubled in the second quarter. That was on the back of soaring sales of premium handsets in overseas markets - up by 99.2 percent on the year. With average selling prices also rising, acting CFO Wang Xiang said the brand had made a breakthrough with foreign buyers. He described Xiaomi’s growth in Europe as ‘ explosive ’, and said overseas sales were now back to pre-crisis levels. The company is already a major player in other international markets, including India. In all, sales outside China now account for close to half of the firm’s total revenues. They were up 3.1 percent over the period, with sales hitting just under 7.8 billion dollars, beating analyst forecasts. The company actually sold fewer handsets in total though. In the quarter to June it shipped 28.3 million phones - down from over 32 million this time last year. At home Xiaomi faces stiff competition from Huawei. But it will be keeping a close eye on its rival’s battles with U.S. restrictions. Analysts at JP Morgan say Xiaomi is among the most likely gainers if Huawei starts to struggle.
(Tue) U.S. FDA chief refutes Trump's 'deep state' claim
미 FDA 국장, 트럼프의 ‘딥 스테이트’ 주장 반박
The head of the U.S. Food and Drug Administration says his agency does not harbor "deep state" elements. In an interview with Reuters on Monday, FDA Commissioner Dr. Stephen Hahn rejected criticism from President Donald Trump that his staff were trying to delay a coronavirus vaccine. Over the weekend Trump claimed, without evidence, quote, "The deep state, or whoever, over at the FDA is making it very difficult for drug companies to get people in order to test the vaccines and therapeutics. Obviously, they are hoping to delay the answer until after November 3rd." The tweet tagged commissioner Hahn. Dr. Hahn said he was focused solely on the interests of the American people during the coronavirus pandemic, telling Reuters, "I have not seen anything that I would consider to be 'deep state' at the FDA." Trump's use of the term "deep state" appears to refer to long-serving government employees he claims are working to sabotage his agenda. Dr. Hahn said he had a solid relationship with Trump, who is seeking reelection amid a pandemic that has killed more than 177,000 Americans, according to a Reuters tally. Trump has talked up the possibility of a coronavirus vaccine coming soon and the White House is eager to have positive news on the development of one before the election. The director of the FDA's Center for Biologics Evaluation and Research, who will help decide the fate of coronavirus vaccine candidates, has said he would resign if the Trump administration approved a vaccine before it was shown to be safe and effective. Dr. Hahn told Reuters, "What I can tell you is that I will not participate in a decision at FDA that's made upon anything other than data and science. That I can assure you." In a separate interview with Reuters, the top U.S. infectious disease expert Dr. Anthony Fauci warned against the government issuing an Emergency Use Authorization for a vaccine candidate before it had completed necessary trials.
(Wed) Tesco to create 16,000 more permanent jobs
테스코, 정규 직원 1만6,000명 충원
Tesco will create 16,000 new permanent jobs to support strong growth in its online business, the retailer said Monday. Britain's largest supermarket said the roles will include 10,000 pickers to assemble customer orders and 3,000 drivers to deliver them. Those roles will go along with a variety of other jobs in stores and distribution centers. It's all in sharp contrast to many other major industries like hotels and airlines, where companies have laid off tens of thousands of workers to cut costs. Some retailers, however, have thrived this year. British supermarkets have taken on additional staff to deal with higher demand for deliveries and groceries at home. Discount supermarkets Aldi and Lidl said last month they would create an additional 1,200 and 1,000 jobs respectively this year in the UK. That as both companies continue to open more stores and drive market share gains. British grocery sales have surged this year. But market research firm Kantar said sales slowed down over the last month as shopping habits eased back to normality after months of lockdown.
(Thu) American Airlines to cut flights to 15 U.S. cities
아메리칸 항공, 미국 15개 도시 운항 중단
A reminder Thursday from American Airlines that while some parts of the economy are on the road to recovery, these are still turbulent times for the airline industry. American announced plans to stop flying to 15 U.S. airports, which would take out about 700 flights in October, unless it gets another round of federal monetary assistance. The airline says the cuts are needed to offset continued weakness in air travel. Congress has been feuding for weeks on whether to grant airlines another $25 billion in payroll assistance that would keep tens of thousands of airlines workers on the job for another six months. Airlines agreed not to lay off workers through September 30th in exchange for $25 billion in federal money that was dished out earlier this year. American Airlines received almost $6 billion of that first round of cash. Several airlines have privately warned lawmakers that unless they get more money, they will be forced to suspend service to smaller airports and lay off staff. Airlines passengers are slowly coming back but demand is still down an eye-popping 80 percent from the same time last year. Shares of American Airlines tumbled on Thursday and dragged the entire airline industry lower.
(Fri) California court staves off Uber, Lyft shutdown
캘리포니아 법원, 우버와 리프트 영업중단 연기
Ride-hailing giants Uber and Lyft won a last-minute reprieve on Thursday, when a California appeals court halted a judge's order requiring the two companies to reclassify their drivers as employees just hours before both Uber and Lyft had threatened to shut down ride share services in their home state. The extension allows the two companies to continue operating while the court weighs their appeal, likely dragging out a fight over California's labor laws for months. Earlier on Thursday, Lyft said it would suspend its operations in California at midnight, saying: "This is not something we wanted to do." After an appeals court in San Francisco granted the stay, a spokesman for Uber said: "We are glad that the Court of Appeals recognized the important questions raised in this case, and that access to these critical services won’t be cut off while we continue to advocate for drivers’ ability to work with the freedom they want.” Last week, a judge ruled that Uber and Lyft had until Friday morning to treat their drivers as employees – entitled to benefits including minimum wage, sick pay and unemployment insurance - rather than as independent contractors. The companies had said they would be unable to comply with that mandate and complained that it couldn't have come at a worse time, as both Uber and Lyft suffer from a dramatic drop-off in business with many Americans sticking closer to home. Uber shares finished Thursday up more than six and a half percent, while shares of Lyft were up more than five and a half percent at the close.
** Other Latest Headlines **
* Seoul court favors LG over SK in battery dispute
A Seoul court has ruled in favor of LG Chem over a case in which SK Innovation requested LG Chem to withdraw its patent lawsuit filed in the United States, the court said Thursday. In October 2019, SK Innovation filed a lawsuit against LG Chem with the Seoul Central District Court requesting LG to withdraw its patent lawsuit filed with the U.S. International Trade Commission (USITC) and a local U.S. court over alleged battery technology theft because LG violated the two sides' agreement made in 2014 that they wouldn't take this matter to the court for the next 10 years. In 2014, SK and LG agreed not to take legal action against each other for a decade over battery separator technology patents. The two electric vehicle (EV) battery makers have been in a legal battle since April 2019 after LG filed multiple lawsuits with the USITC and a U.S. court against the SK Group affiliate for allegedly stealing battery making technology through employee poaching. However, the court dismissed SK's request saying the two sides' 2014 agreement only applied to "patented technologies registered in Korea."
* Foreign residents account for 2.9% of Korea's population
South Korea's total population inched up last year, but elderly people continued to outnumber children due to a rapid aging trend and a record low birth rate, the national census showed Friday. A total of 51.78 million people lived in South Korea as of Nov. 1, 2019, up 0.3 percent, or 150,000, from a year earlier, according to the 2019 census by Statistics Korea. The agency started to hold a census based on national resident registration records every year in 2016, with the conventional person-to-person survey to be conducted every five years. Out of the total, the number of South Korean nationals reached 50 million, while foreign residents who stayed in the country for at least three months totaled 1.78 million, accounting for 2.9 percent. Some 50 percent of South Korea's population, 25.89 million, lived in the capital city area that covers Seoul, Incheon and Gyeonggi Province.
* KFTC may punish BBQ for hiding paid promos
The country's top antitrust agency is considering taking action against Genesis BBQ over its alleged undisclosed payment to YouTubers. "Even if YouTubers make revisions to confess the products they introduced in their video are sponsored later, they can be subjected to penalties. Though, we will take into consideration that they made changes when deciding the level of penalty according to the law," an official at the Korea Fair Trade Commission (KFTC) told The Korea Times, Monday. "We hope our new guideline can further prevent deceitful advertising cases and provide only true and honest information to the customers. We will keep monitoring YouTubers in the near future too," the official added. The remarks came after YouTubers Bokyem and Yangpang, who have 40.3 million and 2.54 million subscribers to their channels, respectively, recently admitted that they had not identified sponsored content as paid advertisements when their videos introduced Genesis BBQ's new menu items in April and May. The chicken franchise paid the two for the online promotion, but they did not notify their viewers that the videos were sponsored.
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