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Korea early trade shows more export drop

  Bloomberg South Korea’s early trade data showed an export-slump persisting in December in the face of stiffening global economic headwinds. Shipments decreased 8.8% in the first 20 days of the month compared with a year earlier, the customs office said on Wednesday. That compares with a 14% drop for the full month of November. The country posted a $6.43 ...

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VW tells staff in China to work more hours as Covid spreads

Bloomberg Volkswagen AG is requiring employees at one of its factories in southern China to work extended hours to compensate for production losses after staff came down sick with Covid, a person familiar with the matter said, as a wave of infections snakes across the country. The German carmaker has arranged for staff in several workshops at a plant it ...

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Zelenskiy visits US with Biden offering more funds, weapons

Bloomberg US President Joe Biden will unveil nearly $2 billion in assistance and announce moves to deliver a Patriot missile battery to help Ukraine bolster its defenses this winter as its leader, Volodymyr Zelenskiy, arrives in Washington on Wednesday to deliver an in-person address to Congress. Zelenskiy left Ukraine for the first time since Russia invaded in February and at ...

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