Moon urges labor union to refrain from waging large-scale strike

President Moon Jae-in on Monday urged an umbrella labor union to refrain from waging a large-scale strike planned for this week, saying that such a move could make it more…

Senior defense officials of S. Korea, Saudi Arabia hold talks on bilateral cooperation

Senior defense officials of South Korea and Saudi Arabia held talks in Seoul on Monday to discuss bilateral cooperation in the arms industry, security and other areas, the defense ministry…

SK E&S funds 500 bln won for U.S. affiliate to invest in U.S. energy firm

SK E&S Co., the natural gas provider under SK Group, said Monday it will invest some 500 billion won (US$421 million) in its U.S. affiliate, SK E&S Americas, to buy…

(4th LD) New virus cases hit 3-month low; eased rules on private gatherings in force

South Korea’s daily coronavirus cases dropped to the lowest level in more than three months Monday as the country eased restrictions on private gatherings ahead of preparations for a gradual…

(2nd LD) U.S. intel chief, S. Korea’s top security advisor discuss N. Korean issues

U.S. Director of National Intelligence Avril Haines and a top South Korean security official met in Seoul to discuss North Korean issues, a Cheong Wa Dae official said Monday, as…

Philips delivers Q3 sales of EUR 4.2 billion, with a 7.6% comparable sales decline due to headwinds; income from continuing operations increases to EUR 442 million, and Adjusted EBITA margin amounts to 12.3%

Philips sees continued strong demand driving double-digit order intake growth in Q3 October 18, 2021 Third-quarter highlights Group sales totaled EUR 4.2 billion, reflecting a 7.6% comparable sales decline due to headwinds caused by global supply chain challenges and Sleep & Respiratory Care recall consequences Comparable order intake increased 47%; order intake increased 17% excluding […]