Samsung Biologics refutes reports of Pfizer vaccine production
May 13, 2021 09:12 am UTC| Business Economy
Samsung Biologics contradicted reports that it will be producing Pfizers coronavirus vaccine. There were news going around saying the South Korean biotechnology company headquartered in Incheon is set to start the...
Xiaomi removed from US government blacklist
May 13, 2021 07:47 am UTC| Business Economy
Xiaomi was included in the U.S. governments blacklist last year during Donald Trumps leadership. The Chinese electronics company suffered big losses after it was banned in the country. Trumps administration cited...
Amazon takes the win in its $303M legal battle in EU tax case
May 13, 2021 06:46 am UTC| Business Economy
Amazon was declared the winner in a tax legal battle where the EU ordered it to pay Luxembourg the amount of 250 million or around $303 million in back taxes. The win for the American retail giant is said to be a big blow...
MGM Resorts to open casinos at full capacity without any restrictions
May 13, 2021 06:16 am UTC| Business Economy
MGM Resorts is set to resume full operations of its casinos in most of the properties it owned. The company will open at full occupancy and without any social distancing inhibitions. Fox Business reported that this is...
Starbucks: PETA protests coffee chain’s vegan surcharge
May 13, 2021 06:02 am UTC| Business Economy
Starbucks started offering beverages with milk alternatives to accommodate vegan customers preferences. Another reason for having animal-friendly milk in the store is that the coffee chain wants to contribute to making the...
Ex-Kumho Asiana chairman placed on pre-trial detention over inter-affiliate transactions
May 12, 2021 20:00 pm UTC| Economy Business
The Seoul Central District Court approved the prosecutions request to put the former chairman of Kumho Asiana Group, Park Sam-koo under pre-trial detention after questioning him on charges of masterminding unfair financial...
S. Korea inks free trade agreement with Israel with cars; auto parts mainly benefitted
May 12, 2021 19:53 pm UTC| Economy Business
South Korea and Israel signed a free trade agreement (FTA) on broadening economic ties, which could help Asias No. 4 economy hasten exports of cars and auto parts. The pact was signed by South Korea Trade Minister Yoo...
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