South Korea halts free flu shots meant to help coronavirus-plagued health system

South Korea suspended free flu shots on Tuesday after reports of problems in storing the vaccinations during transportation, disrupting plans to pre-emptively ease the burden on a health-care system already strained by coronavirus outbreaks. The country, which has seen a spike in COVID-19 cases since August, planned to procure 20%…

Shell on big cost-cutting drive as it prepares to shift gears

LONDON • Royal Dutch Shell is looking to slash up to 40 per cent off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power markets, sources told Reuters. Shell’s new cost-cutting…

GE to stop building coal-fired power plants

In a dramatic reversal, one of the world’s biggest makers of coal-fired power plants is to exit the market and focus on greener alternatives. US industrial giant General Electric said it would shut or sell sites as it prioritised its renewable energy and power generation businesses. It comes ahead of…

Microsoft snaps up Fallout and Elder Scrolls creator for $7.5bn

Microsoft has agreed to buy the company behind hit games such as Fallout, Doom and The Elder Scrolls in a $7.5bn (£5.8bn) deal. The acquisition of ZeniMax will help Microsoft strengthen its Xbox video game offering as competition with rival Sony heats up ahead of Christmas. Gaming has been boosted…