Bristol-Myers facing $6.4 billion lawsuit over cancer drug delays
Jun 04, 2021 07:08 am UTC| Business Economy
Bristol Myers Squibb has been sued for $6. 4 billion for allegedly delaying a cancer drug. In the new lawsuit, it was claimed that the American multinational pharmaceutical company headquartered in New York improperly held...
Walmart giving away Samsung smartphones to its 740,000 US storeworkers
Jun 04, 2021 06:36 am UTC| Business Economy
Walmart Inc. announced on Thursday, June 3, that it will be giving Samsung smartphone units to its employees and they are for free. Almost half of its total workers in the United States would be getting their free mobile...
Tesla recalls 734 Model 3 cars in China due to seat belt and tire problems
Jun 04, 2021 02:57 am UTC| Economy Business
Tesla is recalling 734 units of its 2019-manufactured Model 3 electric car imported to China due to seat belt or tire-related problems. The tire-related problem could increase the risk of collision, while the seat belt...
United Airlines to acquire 15 supersonic jets from start-up planemaker Boom
Jun 04, 2021 01:48 am UTC| Economy Business
United Airlines announced its buying 15 yet-to-be-built ultrafast planes from Boom Supersonic that would cut some flight times in half with the option to purchase 35 more at some point. Boom is building a plane that...
LV, Chanel, Hermes criticized in S. Korea for constant, massive price increases
Jun 03, 2021 11:13 am UTC| Economy Business
Luxury designer brands such as Louis Vuitton, Chanel, and Hermes have raised criticism in South Korea for the frequency and levels of their price increases. Since January 2020, Louis Vuitton had raised its prices seven...
LG Electronics expands overseas plants as it shifts on new growth drivers after exiting phone biz
Jun 03, 2021 10:43 am UTC| Economy Business
LG Electronics Inc. is expanding its production facilities in the US, Brazil, Vietnam, and Saudi Arabia to meet pent-up consumer demand as it shifts toward new growth drivers after dropping its mobile phone...
Tyson Foods CEO leaves post less than a year after assignment
Jun 03, 2021 10:04 am UTC| Business Economy
Tyson Foods assigned a new chief executive officer after Dean Banks announced he is leaving the company. He will be making his exit less than a year after being appointed as the firms head. Why Banks is giving up his...
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