Namyang lambaste for takeover delay; Hahn & Co. may sue the company for postponing acquisition deal
Aug 02, 2021 06:36 am UTC| Business Economy
Namyang Dairy Products is being criticized again and this time, for delaying the takeover of the company. The companys largest shareholder and owner, Hong Won Sik, and his family were slammed for suddenly attempting to...
Animal welfare law expected to cut California's pork supply, increase its bacon prices
Jul 31, 2021 23:57 pm UTC| Law Economy
Only four percent of US hog producers say they can comply with an animal welfare law to be enforced by California in 2022 that requires more space for breeding pigs, potentially cutting off the states pork supply. If...
Amazon sales growth falls short of analysts' forecast as Bezos exits as CEO
Jul 31, 2021 23:57 pm UTC| Economy Business
Amazon posted $113.1 billion in revenue during the three months ended June 30, falling short of the $115.2 billion analysts had expected. While figures for the second quarter, the final with Jeff Bezos as CEO, is a 27...
Amazon fined record-breaking $887 million by EU over privacy law breach
Jul 31, 2021 23:56 pm UTC| Law Economy
Amazon faces a record-breaking $887 million (746 million) fine for violating the EUs signature privacy law, known as General Data Protection Regulation (GDPR), in an advertising-related decision. The fine was the...
Olympic merchandise selling briskly in Japan amid risks of COVID infections
Jul 31, 2021 23:56 pm UTC| Sports Economy
Sales of official Tokyo Olympics merchandise such as badges and keyrings have been surging as Japans medal haul grows, with fans taking risks against COVID-19 infections by queuing outside stores. The traffic surge even...
UAE's plan to burn 2/3 of trash seen negating carbon neutrality goals
Jul 31, 2021 23:55 pm UTC| Nature Economy
The UAE is constructing a $1.1 billion waste-to-energy facility in Dubai that will help burn up to two-thirds of the countrys trash to deal with a growing refuse problem. The facility is part of a series of waste...
Nine firms submit letters of intent to acquire SsangYong Motor
Jul 31, 2021 23:55 pm UTC| Economy Business
Nine companies have submitted letters of intent to acquire SsangYong Motor Co., which reportedly include US-based Cardinal One Motors, SM Group, and Edison Motors Co. SsangYong did not divulge the names of the nine...
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