Seoul, Aug 20 (IANS) South Korean President Lee Jae Myung has said he respects US President Donald Trump’s efforts to create the conditions for dialogue with North Korea by going as far as scaling back South Korea-US military exercises. Lee made the remark in a post on his X account late Wednesday, hours after the allies announced their decision to cut short the Ulchi Freedom Shield exercise at Trump’s orders.Trump wrote in a social media post Sunday that he had instructed the Pentagon to “subst…

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Washington, Aug 20 (IANS) Renewable energy backed by battery storage can provide India with reliable, round-the-clock electricity at a price below that of new coal-fired plants, according to a new University of California, Berkeley study. The study examined a landmark 1,000-megawatt auction conducted by the Solar Energy Corporation of India, or SECI, which produced a tariff of Rs 5.25 per kilowatt-hour, fixed in nominal terms for 25 years.Researchers said the auction demonstrated that renewable …

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Seoul, Aug 20 (IANS) Unionised workers at internet-only Kakao Bank will launch a five-day strike as talks with management over wage increases and other benefits have stalled, its union said on Thursday.The labour union and Kakao Bank’s management have been in negotiations over a pay raise and other benefits but failed to narrow outstanding differences.The union said the strike will run from Aug. 31 to Sept. 4. On July 31, the unionised workers also went on a full strike, reports Yonhap news agen…

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