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World

Ecuador teen teaches class under a tree for kids without internet

GUAYAQUIL, Ecuador (Reuters) - An Ecuadorean teenager has set up an improvised school under a tree in a poor neighbourhood of northern Guayaquil for some 40 students who haven't been able to study during the novel coronavirus lockdown for lack of internet access.

Business

South Korea to spend US$95bil on green projects

SEOUL: South Korea has outlined a plan to spend 114.1 trillion won (US$94.6bil) on a “New Deal” to create jobs and help the economy recover from the coronavirus fallout, anchored in part by “green” investment in electric vehicles and hydrogen cars.

Business

MUFG on prowl for more tech investment

TOKYO: The days of aggressively buying South-East Asian banks appear over for Japan’s biggest lender, which is now focusing on digital investment to reach new customers and streamline operations.

Business

Chipmaker ADI to buy rival Maxim for US$21bil

NEW YORK: Semiconductor maker Analog Devices Inc (ADI) said it would buy rival Maxim Integrated Products Inc for about US$21bil in the largest US deal this year, aimed at boosting its market share in automotive and 5G chipmaking.

Business

Tulsa versus Austin: Battle for next Tesla plant

NEW YORK: Tulsa, Oklahoma, is an oil-industry town with a 75-foot statue called “The Golden Driller.”