Apple beats Saudi Aramco to become the world's most profitable company
Aug 03, 2021 07:30 am UTC| Business Economy
Apple recorded an increase in its total profit, and with this, it has become the most profitable company in the world. Based on Fortune Global 500 list for the 2020 fiscal year, the iPhone makers revenue increased 3.9...
Abbott Labs paying $160M to settle kickbacks and false diabetes claims
Aug 03, 2021 05:21 am UTC| Business Economy
Abbott Laboratories is settling the case involving its two units, Arriva Medical LLC and its parent company Alere Inc. The American medical devices and health care company headquartered in Illinois will be paying $160...
Generac recalls generators after grisly reports of finger amputations
Aug 03, 2021 05:07 am UTC| Business Economy
Generac Power Systems, the maker of portable generators, announced a recall for some of its models after receiving reports of accidents involving fingers being amputated after using the machines. There have been...
S. Korea to release 80,000 tons of reserved rice in Aug. to address supply shortages
Aug 03, 2021 03:56 am UTC| Economy Business
South Korea will release 80,000 tons of rice into the market this month to deal with supply shortages and stabilize prices. The move brings the amount of reserved rice released into the market since January to 370,000...
S. Korean businesses wary of double taxation due to EU, US carbon border taxes
Aug 02, 2021 23:58 pm UTC| Economy Business
South Koreas businesses complained that the EUs carbon border tax would lead to unfair double taxation as the country has already adopted its cap-and-trade system. The Federation of Korean Industries (FKI), which...
Facebook set to release Ray-Ban smart glasses
Aug 02, 2021 10:04 am UTC| Business Economy
Facebook revealed it will be releasing its Ray-Ban smart glasses, and this is part of the tech firms preparation for the metaverse, a collective virtual shared space including the entire internet and virtual worlds that...
Pizza Hut enters the fashion business with its streetwear collection
Aug 02, 2021 09:45 am UTC| Business Economy
Pizza Hut is getting into fashion, and as a start, it already released its new streetwear collection last week. The American pizza chain is selling clothing items and merchandise under the label called the Pizza Hut...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects