KakaoBank’s rapid growth threatening traditional banks in S. Korea: Moody’s
Jul 12, 2021 23:49 pm UTC| Economy Business
KakaoBanks rapid growth is threatening traditional banks in South Korea, who now have to strengthen their online platforms, according to Moodys Investors Service. Moodys noted that the internet-only bank now has the...
Bitcoin sinks below $34,000 as other cryptos lose steam due to clampdown
Jul 12, 2021 23:45 pm UTC| Economy Digital Currency
Bitcoin dropped 0.4 percent to $33,708 after rising 2.7 percent to $34,340 due to reports that former bitcoin and ethereum miners in China have been dumping graphics processing units, which digitally renders cryptos in...
Frito-Lay workers go on strike for better pay, working conditions
Jul 12, 2021 23:35 pm UTC| Economy Business
Around 600 employees or about 80 percent of the full-time workforce at the Frito-Lay plant in Topeka, Kansas went on strike for better pay and working conditions, including less mandatory overtime. The plant is among...
General Motors announces recall of 400,000 vehicles for defective airbags
Jul 12, 2021 10:11 am UTC| Business Economy
General Motors revealed last weekend that it had recalled 410,019 vehicles, and these are the 2015 and 2016 Chevrolet Silverado and GMC Sierra pickup truck model units. The American automaker cited the airbags as the...
Jul 12, 2021 09:48 am UTC| Business Economy
Tyson Foods issued a recall on its pre-cooked chicken products earlier this month, and the company cited possible listeria contamination as the reason. At that time, the recall affected 8.5 million pounds of its packed...
TSMC, Foxconn reportedly teaming up for BioNTech COVID-19 vaccines
Jul 12, 2021 09:32 am UTC| Business Economy
Taiwanese companies, TSMC and Foxconn, are said to be signing a partnership deal for the purchase of COVID-19 vaccines from BioNTech SE, a German biotechnology company. The two are said to be close to completing the...
Apple threatens to leave UK over patent legal dispute
Jul 12, 2021 09:23 am UTC| Business Economy
Apple issued a warning that it will leave the U.K. market if it will be forced to pay an unacceptable fee over a patent case. Through its lawyer, the American tech company said it will just quit if the court obliged it to...
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