Frito-Lay to spend $235 million for plant upgrade, mainly to boost Cheetos production
May 29, 2021 23:27 pm UTC| Economy Business
PepsiCos Frito-Lay division will spend $235 million to expand its manufacturing site in Killingly, Connecticut mainly of two Cheetos manufacturing lines that could create 120 jobs. Construction will begin in spring 2022...
S. Korea to collect 20% cryptocurrency transactions tax starting next year
May 29, 2021 15:59 pm UTC| Economy Business Digital Currency
South Korea plans to subject cryptocurrency transactions to a 20 percent income tax on capital gains beginning next year as planned, despite growing investor calls for delaying the plan. Gains from cryptocurrency...
Africa's free trade area offers great promise. But only if risks are managed with resolve
May 28, 2021 11:23 am UTC| Economy
For all its stutters and missteps, there can be little argument that the European Union (EU) has largely lived up to its ambitious billing: to create stability and growth on a continent that, for a period, was dangerously...
Biden’s budget: Why investing in innovation is crucial to reach US climate goals
May 28, 2021 11:17 am UTC| Politics Economy
President Joe Bidens first detailed federal budget is slated to be released on May 28, and it will include substantial increases in spending to fight climate change. An overview sent to Congress included US$10 billion...
A bounce-back in investment holds open the possibility of very good news
May 28, 2021 11:12 am UTC| Economy Investing
Private business investment is one of the key drivers of economic growth. Business investment in equipment (and even in buildings) drives productivity, which the Nobel Prize winning economist Paul Krugman famously...
Veterans took an especially bad hit during the pandemic
May 28, 2021 11:09 am UTC| Economy
As the nation takes a day to memorialize its military dead, living military veterans are facing a deadly risk that has nothing to do with war or conflict: the coronavirus. Different groups and communities have faced...
Costco bringing back its food sampling and food courts in June
May 28, 2021 10:10 am UTC| Business Economy
Costco is set to bring back its popular food courts and food sampling corners next month. With the new less restrictive safety COVID-19 protocols, the American membership-only retail giant decided it is time for the return...
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