INTERNATIONAL NEWS From Around the World
Asahi Shimbun - www.asahi.com - Japan
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A new coal-fired power plant will go online on August 5. The maximum output will be 1.07 gigawatts, which is about the same as that of a nuclear power reactor.
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Japanese firms facing a serious labor shortage in the IT sector are actively recruiting in India. In India, about 1.5M engineering students graduate every year, making the country a hub of high- skilled labor. US companies have been recruiting in India for several years.
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Japanese and South Korean business leaders are calling for visa-free visits between the countries.
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The Japanese government is providing $678 M in subsidies to Kioxia Corporation (Japan), and US chipmaker Western Digital Corporation for their new production facility in Yokkaichi, Japan.
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Aisin Corporation, an affiliate of Toyota Motor Corporation, has developed a car-mounted radar system that triggers an alarm if it detects that a toddler has been left inside an automobile.
The Korea Times - www.koreatimes.co.kr – South Korea
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Samsung Electronics weighs building 11 more chips plants in the US over next 2 decades.
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LG Energy Solutions (South Korea) signed an agreement with Huayou Cobalt (China) for a joint venture for battery recycling in China.
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SK Group (South Korea) is downsizing operations in China.
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Korea Aerospace Industries (KAI), South Korea`s sole aircraft maker, has signed a $3B deal with Poland to export 48 FA-50 light attack fighter planes.
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Samsung Electronics has succeeded in mass producing 3 nanometer chips becoming the first chipmaker to reach this milestone.
Buenos Aires Times - www.batimes.com.ar - Argentina
Consulting firms in Buenos Aires are predicting that Argentina will face the prospect of 90% inflation by the end of 2022.
Deutsche Welle - www.dw.com - Germany
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Energy ministers from the EU agreed to plan to cut gas usage because of fears that Russia could stop supplies.
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Germany is stockpiling wood in fear of gas shortages.
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Low water is threatening industries along the Rhine River.