
TikTok facing possible £27M fine over its failure to protect children’s privacy
Sep 28, 2022 08:07 am UTC| Business Economy
TikTok is a Chinese short video hosting platform owned by ByteDance. It is also locally known as Douyin, and it was reported that it is facing a hefty 27m fine in the United Kingdom for failing to protect the privacy of...

Netflix announces its first internal game development studio will be based in Finland
Sep 28, 2022 08:07 am UTC| Technology Business
The Netflix Games service went live over a year ago, but the streaming giant has more plans for its video game business. The company announced this week that it is establishing its first development studio to deliver...

Alipay+ to help bring GCash, Touch’n Go to South Korea for cashless travel
Sep 28, 2022 07:46 am UTC| Business Economy
Ant Groups Alipay+ has teamed up with several e-wallet brands in Asia to help them expand to South Korea. The company also wants to promote cashless travel in the country, and this is another reason for the...

Hanwha Group acquires Daewoo Shipbuilding for $1.39B
Sep 28, 2022 07:42 am UTC| Business Economy
Hanhwa Group is taking over Daewoo Shipbuilding and Marine Engineering (DSME) and has already signed a conditional memorandum of understanding (MOU) to acquire a controlling stake. The multi-profile business conglomerate...

POSCO to invest AUS$300 million on tripling natural gas production in Australia
Sep 27, 2022 23:42 pm UTC| Business Economy Nature
POSCO International will invest AUS$300 million in its subsidiary, Senex Energy and Hancock Energy, to multiply its natural gas production threefold over the next three years. By the fourth quarter of 2025, POSCO hopes...

Rising obesity cases to hamper developing economies says report
Sep 27, 2022 23:33 pm UTC| Health Economy Business
Rising levels of obesity are set to cost the world economy 3.3 percent of GDP by 2060, slowing development in lower-income countries, according to a study published in BMJ Global Health. The conditions currently cost...

Hanwha eyes 49.3% stake in Daewoo Shipbuilding
Sep 27, 2022 16:18 pm UTC| Business Economy
Hanwha Group signed a conditional memorandum of understanding to acquire a 49.3 percent stake and managerial control of Daewoo Shipbuilding Marine Engineering Co. (DSME) The acquisition of DSME, the worlds...