
Roche is buying GenMark Diagnostics for $1.8 billion
Mar 16, 2021 08:15 am UTC| Business
Roche is buying Genmark Diagnostics for $1.8 billion or 1.5 billion, and this was revealed on Monday, March 15. The price is for the full acquisition of the US-based molecular diagnostic tests maker. The numbers in...

Samsung, LG turned down by U.S. patent office for QNED trademark registration
Mar 16, 2021 07:10 am UTC| Business
Samsung and LG were not able to register the QNED trademark at the U.S. Patent and Trademark Office. Based on the documents, the South Korean electronics companies were both rejected by the patent office when they tried to...

Jeju Air: S. Korea's transport ministry investigating the airline for flying with a damaged aircraft
Mar 16, 2021 05:54 am UTC| Business
Jeju Air is being scrutinized after it was discovered that a plane was flown despite having a defect. The aircraft was said to have a damaged winglet, but the flight still proceeded. The probe on the flight almost...

Tesla under investigation for vicious Detroit car crash
Mar 16, 2021 05:19 am UTC| Business
Tesla is under probe after the National Highway Traffic Safety Administration (NHTSA) started checking on the serious car crash in Detroit last week. The accident involves a semi-truck and white Tesla car that was totally...

Japanese brewers bank on alcohol-free beer's popularity amid pandemic
Mar 15, 2021 23:58 pm UTC| Business
Japans Asahi Group Holdings forecasts a 20 percent increase in revenue for its non and low alcoholic beer this year while main rival Kirin Holdings expects its sales volumes in the segment to surge 23 percent this year...

Google Korea agrees to lower in-app commission rate
Mar 15, 2021 23:57 pm UTC| Business
Google Korea will cut its planned commission rate from 30 percent to 15 percent for app developers whose annual sales generated from its Play store are less than $1 million, amid complaints from software makers over steep...

Volkswagen to use one-size-fits-all battery to slash electric car prices
Mar 15, 2021 23:52 pm UTC| Business
Volkswagen will launch a one-size-fits-all battery cell design in 2023 to be installed in up to 80 percent of its electric vehicles to cut down battery system costs by up to 50 percent in entry-level models. The...