Peloton preparing to construct its first US factory
May 25, 2021 08:51 am UTC| Business Economy
Peloton, the leading exercise equipment company, revealed its decision to build its first factory in the U.S. Based on the report, it will be investing around $400 million for its construction and it will rise in...
Converse: An intern applicant accused the sneaker-maker of stealing her designs
May 25, 2021 07:51 am UTC| Business Economy
Converse is in the midst of controversy after a 22-year-old woman released a video where she accused the American shoe company of using her designs without her knowledge. The video was posted on TikTok and it has over nine...
Amazon reportedly close to sealing $9 billion acquisition deal for MGM Studios
May 25, 2021 07:23 am UTC| Business Economy
Amazon is reportedly very close to sealing a deal for the acquisition of MGM Studios. It was reported that the tech and e-commerce company would be paying a hefty $8.5 to $9 billion if the media company agrees to the terms...
Hyundai is suspending operations in its plant in India as COVID-19 spreads
May 25, 2021 06:59 am UTC| Business Economy
Hyundai Motor Co. announced on Tuesday, May 25, that it will be halting operations in its plant in India. The South Korean carmaker cited the rapid spread of the COVID-19 infection as the reason for its decision. As per...
SK E&C starting over with new identity ‘SK ecoplant’
May 25, 2021 06:45 am UTC| Business Economy
SK EC is transitioning to become an eco-friendly company and to start anew with this goal; it has also changed its name. From today, the firm will now be called SK ecoplant. SK Engineering Construction, a Korean...
Hilton Seoul likely to be converted into office building
May 25, 2021 04:08 am UTC| Business Economy
Millennium Hilton Seoul will likely be redeveloped as an office building after Seoul-based IGIS Asset Management Co. acquires the property from Singapore-listed City Developments Limited (CDL) for around 1 trillion...
Other foreign EV brands boost sales as Tesla suffers slump
May 25, 2021 02:56 am UTC| Business Economy
Foreign carmakers in South Korea excluding Chevrolet and Tesla sold 5.5 times more vehicles so far this year at 1,043 cars from last years 189. Meanwhile, Teslas sales dwindled by 18.8 percent to 3,308 cars from last...
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