
Whitening products to alter branding strategy due to colorism issues
Jul 28, 2020 05:40 am UTC| Business
Cosmetics companies are shifting their branding strategy toward a more inclusive vision of beauty by removing words like white, light, and fair. Its among the series of changes due to Black Lives Matter protests that...

HHI fined 970-M won for stealing technology to force price reduction
Jul 27, 2020 09:55 am UTC| Business
South Korean shipbuilder Hyundai Heavy Industries Co. (HHI) was fined 970 million won for unfair trade with its subcontractors, the countrys Fair Trade Commission (FTC) announced. The FTC said that HHI stole...

Korean Air resumes flights to Tianjin
Jul 26, 2020 21:41 pm UTC| Business
Korean Air Lines Co. will resume flights to Tianjin, northeast China, Tuesday after five months of suspension due to the pandemic. The flights between Incheon and Tianjin will run every two weeks on Tuesdays in July and...

WTO: Global trade hampered by import restrictions
Jul 26, 2020 20:57 pm UTC| Business
World Trade Organization (WTO) members implemented 165 trade-restrictive measures out of the 363 new trade and trade-related measures between October 2019 and May 2020, accounting for 45 percent. The new restrictions...

The office is dead! Long live the office in a post-pandemic world
Jul 26, 2020 12:49 pm UTC| Business
Editors note: The future of the office has become an open question after the coronavirus lockdown forced tens of millions of Americans to work from home. Will office workers flock back to their cubicles and water coolers...

Korean airlines warned of engine shutdowns during flights in Boeing 737s
Jul 26, 2020 08:21 am UTC| Business
South Koreas transport ministry instructed local airlines to inspect their Boeing 737 jets following reports of engine shutdowns during flights. The Ministry of Land, Infrastructure and Transport said that Boeing 737...

Goldman to settle 1MBD scandal in Malaysia for $3.9-B
Jul 26, 2020 07:49 am UTC| Business
US investment bank Goldman Sachs will pay $3.9 billion to settle Malaysias criminal probe over its role in the multibillion-dollar 1Malaysia Development Bhd (1MDB) scandal. The deal consists of Goldmans $2.5 billion...
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