T-Mobile starts investigation for 100 million customers' data breach claims
Aug 16, 2021 09:27 am UTC| Business Economy
T-Mobile, the mobile communication brand of the German telecommunications company Deutsche Telekom AG, is reportedly investigating an alleged customer data breach within the company. According to Reuters, it has come to...
Hyatt Hotels is acquiring Apple Leisure Group for $2.7 billion
Aug 16, 2021 09:25 am UTC| Business Economy
Hyatt Hotels is reportedly acquiring Apple Leisure Group that is owned by KKR Co. and KSL Capital Partners for $2.7 billion. It was announced that the hotel chain and hospitality company will be paying in cash for the...
Nongshim instant noodles sold in Europe found with cancer-causing carcinogens
Aug 16, 2021 08:37 am UTC| Business Economy
Nongshim instant noodles or ramyun are popular not just in South Korea but it has gained strong followers overseas as well. It is one of the most popular noodle brands in the country and is exported to many parts of the...
Kia, Hyundai recalling 600,000 vehicle units for issues with trunk latch
Aug 16, 2021 07:50 am UTC| Business Economy
Kia and Hyundai recall almost 600,000 vehicle units after finding a defect on the trunk latch. It was said that the recent recall affects the 2016 to 2018 Kia Forte and 2018 to 2019 Kia Rio and Forte Koup models. Fox...
MBK Partners sells Doosan Machine Tools to DTR Automotive for $2.05 billion
Aug 16, 2021 07:17 am UTC| Business Economy
MBK Partners, a private equity fund (PEF) company, just sold its 100% stake in Doosan Machine Tools Co. Ltd. to DTR Automotive, a South Korean maker of batteries, tires, and other auto parts. DTR Automotive agreed to buy...
Delivery Hero’s Yogiyo sold to GS Retail-led consortium
Aug 16, 2021 07:15 am UTC| Business Economy
GS Retail-led consortium has acquired Delivery Heros Yogiyo, South Koreas no. 2 food delivery app. It was reported that the acquisition deal is worth ₩800 billion or around $684.3 million. According to Yonhap News...
Aug 16, 2021 04:58 am UTC| Economy
AUD/USD chart - Trading View Data released by the National Bureau of Statistics (NBS) earlier on Monday showed China economy is under pressure. Chinas factory output and retail sales growth slowed sharply and missed...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
Labour can afford to be far more ambitious with its economic policies – voters are on board
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects