Samsung reports $360 billion losses due to Texas plant shutdown

Apr 30, 2021 08:22 am UTC| Business Economy

Samsung Electronics revealed on Thursday, April 29, that it lost a massive amount due to the temporary closure of its production plant in Austin, Texas. The South Korean company shared that its total losses incurred has...

India COVID crisis: four reasons it will derail the world economy

Apr 30, 2021 07:59 am UTC| Economy

The second wave of the pandemic has struck India with a devastating impact. With over 300,000 new cases and 3,000 deaths across the country each day at present, the total number of deaths has just passed the 200,000 mark ...

General Motors: GM's $1 billion investment for EV production in Mexico draws flak from UAW

Apr 30, 2021 07:44 am UTC| Business Economy

General Motors announced on Thursday, April 29, that it will be investing $1 billion to produce electric vehicles at a plant in Mexico. GM stated that it would build a new painting facility that is expected to start...

Vital Signs Series

3 economic facts point to a big-spending federal budget

Apr 30, 2021 07:08 am UTC| Economy

Its difficult to make predictions, the saying goes, especially about the future. The many predictions federal budgets make about the economy over the coming four years must therefore be taken with a large grain of...

McDonald’s expands loyalty rewards program for its effectiveness in increasing visits frequency

Apr 30, 2021 06:37 am UTC| Business Economy

McDonalds is expanding its loyalty rewards program as the company has seen its effectiveness in building customers frequency of visits. This marketing strategy will be developed further as summer time begins. Expansion...

Starbucks Korea opens reservation system as customers queue in long lines over new merchandise

Apr 30, 2021 05:56 am UTC| Business Economy

Starbucks Korea just launched its reservation system for its seasonal loyalty reward program. The coffee chain arranged for this setup as customers tend to wait for a long time when queuing to get their merchandise in...

Kraft Heinz post 3.9% net sales growth to beat expectations

Apr 30, 2021 05:02 am UTC| Economy Business

Kraft Heinzs net sales grew 3.9 percent to $6.39 billion in the first quarter from the significantly good $6.16 billion last year to beat estimates, as it sustains household penetration for its packaged goods. The...