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[Misc] (HL-20190714~20190720) Weekly Headlines
ÃÖ°í°ü¸®ÀÚ  |  19-07-12 11:48


(Mon) Tesla Model 3 deliveries zoom past expectations
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Tesla is getting into the fast lane again with its Model 3, its sedan for the masses, beating Wall Street expectations on deliveries in the second quarter. Investors were relieved about the surprisingly good news and shares of the electric car maker jumped about 8% in after hours trading. Tesla delivered way over 77 thousand Model 3s - Wall Street was expecting just over 73 thousand deliveries. Deliveries of all models, including Model S and X were over 95 thousand vehicles. Reuters correspondent Alexandria Sage. "It was very important for Tesla to knock this one out of the park this quarter because of its dismal performance in the first quarter. That's the quarter where deliveries plunged - because of that Tesla had a 700 million dollar loss. So Elon Musk had been telling people it was a possibility that deliveries could be a record number this quarter but of course not a lot of people believed him. These numbers however are really robust and going forward. Tesla said that in fact orders forthcoming orders had already exceeded deliveries in the second quarter. That's very good news and it gives us a path to profitability for this company." The company said earlier this year it would turn a profit in the second half of the year and deliver 360,000 to 400,000 vehicles in 2019, a goal many analysts predict will be difficult to meet. 

(Tue) Megabrewer AB InBev plans year's biggest share sale
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The world's largest brewer is planning the year's biggest share sale. AB InBev wants to raise up to 9.8 billion dollars from a Hong Kong listing of its Asia-Pacific business. That would easily eclipse the 8.1 billion raised by Uber in New York earlier this year. AB InBev says the new listing will help it create a brewing champion for the region. It wants to invest in a continent where wealthier consumers are trading up to more expensive beers. That is seen boosting AB InBev brands like Budweiser and Corona. Any money raised might also help the brewer cut its huge debts . The deal will be a welcome boost for the Hong Kong stock exchange too. It's lagging far behind New York in this year's IPOs. The investor response could also be a barometer for a much bigger deal. Chinese online giant Alibaba currently considering a 20 billion dollar share sale in Hong Kong. 

(Wed) France roasts in record heatwave
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These classrooms in the southern French town of Nimes should be filled with students. Instead they're deserted , as a heatwave grips the country. France registered its highest temperature since records began on Friday. With the mercury hitting 45.1 degrees Celsius in the Provence region. Four administrative regions in the south have been issued with an unprecedented red weather-warning, leading to up to 4,000 school closures. Further north in Paris, it's a different story, with tourists lining the Seine and exercisers continuing to pound the pavement and take to their bikes. "I wouldn't run a marathon today but cycling for a quarter of an hour or half an hour is bearable , we shouldn't get carried away . There's loads of hype, you'd think it's the end of the world, the apocalypse. Yes it's hot, OK, but let's not go mad." The French health minister warned that even healthy people should be cautious about doing exercise given the high temperatures across the country. Families with elderly relatives who were ill or living alone were advised to call or visit them twice a day and take them to cool places.Several French cities restricted traffic as the stifling heat worsened air pollution. The World Meteorological Organization says the European heatwave was "absolutely consistent" with extremes linked to the impact of greenhouse gas emissions. 

(Thu) As robots replace Amazon workers, one Italian firm looks to cash in
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The robots are coming for Amazon workers. Last month Reuters reported that the online giant was replacing packaging staff with specialized machines. Small Italian firm CMC looks like it's one of the beneficiaries . The company specializes in machines that can box up orders of all shapes and sizes. At up to 1,000 boxes per hour, they're far faster than any human. Over the past three years CMC has seen turnover double. Now it expects to repeat the feat over the next three. Chief executive Francesco Ponti says no one should mourn the demise of menial work: "There are no more people that can do this job by hand , and doing this job by hand means doing a very low level job, and we want people to have a better job." Ponti won't comment on the Amazon deal. But CMC is also working with Walmart, Gucci and French retailer Leclerc. The robots may have their victory over human workers all wrapped up. 

(Fri) Electric ice cream van serves up zero emissions
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Aside from cheerful tunes and delicious soft serve, ice cream vans also churn out harmful fumes. Some cities are even looking to ban them because of the environmental damage - caused when engines are left running to keep freezers cold. But Nissan has come up with a zero-emission alternative. "So, we've taken our standard electric van and we've added a bunch of kit to it to enable this to happen. We've put solar panels on the roof, so that when it's stationary on a sunny day like this it's recharging the batteries all the time. We've also put some mobile energy storage units in the vehicle to increase the amount of battery storage it's got." The chillers and soft serve machine on board the 100% electric van are powered by the Nissan Energy ROAM, a battery recycled from first-generation Nissan electric cars, providing a sustainable second-life for the company's older lithium-ion cells. Nissan has partnered with Scottish ice cream producer Mackie's, a family-owned dairy farm powered by renewable wind and solar energy. "Well, I'm a Mum myself and I've got three kids and quite often when we're out and about we'll see an ice cream van and want to go along to it and I must admit, I'm thinking I'm not so sure. It's not going to be the freshest, it's not going to be the cleanest and it's going to probably be loud and have fumes coming out of it. But, I would give them an ice cream cone, it would be guilt-free coming up to a lovely clean and environmental dispensing ice cream van like this." 

** Other Latest Headlines **

* Why is Korea so dependent on Japanese materials?

The aggravating trade dispute with Japan reveals some hard truths about South Korea¡¯s lack of basic technologies despite being dubbed as a tech powerhouse, not to mention the dire need to diversify its supply channels to reduce its heavy dependence on the neighboring nation. On July 1, the Japanese government tightened the export process to Korea of three classes of hi-tech materials crucial to the production of chips and display panels and removing it from the white list. The materials include fluorinated polyimide, photoresist and hydrogen fluoride, which are dominated by Japanese companies globally. Fluorinated polyimide is used to make flexible organic light-emitting diode displays. Photoresist is a thin layer applied to transfer a circuit pattern to a semiconductor substrate. Hydrogen fluoride, or etching gas, is needed in the semiconductor fabrication process. As for hydrogen fluoride, Samsung Electronics and SK hynix rely on two Japanese companies, Stella Chemifa and Morita Chemical, for most of their supplies. Hence, the restrictions may disrupt the operation of their chip plants.

* Entry ban on Korean American singer illegal

The top court ruled Thursday that an entry ban on a Korean American singer who obtained US citizenship in an apparent attempt to evade military conscription in Korea is illegal, paving the way for him to come to Korea 17 years after he was banned from the country. The Supreme Court found that it is illegal to refuse an entry visa to Steve Yoo, 43, once a successful singer here better known as Yoo Seung-jun. In 2002, the Ministry of Justice banned Yoo from entering Korea after he chose US citizenship over Korean nationality, which was viewed as an attempt to dodge the country¡¯s mandatory military service. His decision drew public ire, especially because he had previously promised publicly to fulfil his military duty.  In Korea, all able-bodied men with Korean citizenship must serve in the military for about two years. Under the current law, a man holding dual citizenship must choose one nationality by the end of March of the year he turns 18. Yoo filed a lawsuit against a Korean consulate in the US in October 2015 after it refused to issue him a F-4 visa, which is issued to foreign citizens of Korean heritage, including those who previously renounced Korean citizenship.

* Migrant woman can maintain residency after divorce

The top court ruled Wednesday that a marriage migrant can maintain her residency status after divorcing her South Korean husband even if she is partly responsible for the breakup, overturning earlier rulings that required the Korean spouse to be 100 percent at fault. The Supreme Court ruled in favor of a Vietnamese woman, 23, who filed a suit against the immigration office that refused to authorize an extension of her stay in the country after a divorce, seeking a revocation of the administrative decision. Under the Immigration Control Act, migrant women who are no longer married can only extend their stay in Korea if their husbands die or go missing, or if they can prove that they were not responsible for the breakdown of their marriages. Lower courts ruled against the Vietnamese woman, saying she was partially responsible for the divorce. The rulings indicated that to renew her residency status, a marriage migrant had to prove her Korean husband was fully responsible for the divorce. The top court, on the other hand, decided that residency status should be granted to a marriage migrant after divorce as long as the Korean spouse was mostly responsible for the divorce.  

* Driver¡¯s license to include English info

Driver¡¯s licenses will include personal information in English starting in September, which will enable Korea-issued licenses to be used abroad automatically, according to the government Monday. New licenses issued from September will have the driver¡¯s name, address and gender on the back of each card in English, which will allow the holders to drive without special procedures in at least 35 countries, including the United Kingdom, Canada and Australia. The move will boost convenience for Koreans seeking to drive abroad, according to an official from the state-run Road Traffic Agency. At the moment, Korea-issued driver¡¯s licenses can be used in 67 countries, but they have to be translated by an authorized agency. 

* Asking job applicant¡¯s personal information now illegal

From Wednesday, prospective employers cannot ask job seekers for information unrelated to the positions they are being hired for. The Employment Ministry said Tuesday that a revised hiring law prohibits employers from collecting information irrelevant to job performance and engaging in behavior that may hurt fairness in employment practices. Asking about a job applicant¡¯s weight, height, place of birth, marital status and assets is subject to a fine of up to 5 million won ($4,200) under the new law, unless it is relevant to the job. Personal information about the applicant¡¯s family members, such as their level of education and occupation is also off-limits. The revised law also imposes a fine of up to 30 million won for those who solicit or coerce hiring, or exchange money, gifts or services in the hiring process.