Many S. Koreans becoming superrich, with more owning stock investments of at least 10 billion won
Apr 12, 2021 10:06 am UTC| Economy Business
The number of South Koreans who hold stocks worth at least 10 billion won increased 27 percent from 2,200 in 2019 to 2,800 last year. According to the Korea Securities Depository, their combined stocks reached 241.5...
Red Gold dismissed reports of ketchup shortage in U.S. restaurants
Apr 12, 2021 10:04 am UTC| Business Economy
There is a ketchup shortage in the U.S., and this was reported last week. Based on the claim, restaurant owners in the region could not find enough ketchup supply for their business. They said that the situation has gotten...
Apple finally consented to testify on state hearing for app store antitrust issues
Apr 12, 2021 09:53 am UTC| Business Economy
Apple did not participate in the recent hearing in the U.S. Senate concerning anti-trust issues related to app stores. Major companies, including Google, had stated their intention to attend the inquiry when they were...
Microsoft reportedly in talks to acquire Nuance Communications
Apr 12, 2021 09:27 am UTC| Business Economy
Microsoft is said to be considering the acquisition of an AI company called Nuance Communications. Based on the report, the tech company is already in the advanced stage of negotiation to purchase the multinational...
Apr 12, 2021 09:16 am UTC| Business Economy
Amazon won when the workers in Alabama voted against the formation of the companys union. The company does not see the need to unionize, but there are some who want to set it up; thus, the workers were asked to vote to...
China's antitrust regulator adding manpower as it intensifies crackdown on big firms
Apr 12, 2021 09:12 am UTC| Business Economy
Chinas State Administration for Market Regulation (SAMR) is adding up to 30 antitrust staff from the 40 it has, and other resources as it cracks down on anti-competitive behavior, especially among powerful companies. On...
Alibaba: China fined Jack Ma’s company $2.8 billion for alleged anti-competitive behavior
Apr 12, 2021 08:08 am UTC| Business Economy
Alibaba has been slapped with $2.8 billion or 18.2 billion after the Chinese antitrust regulators found that Jack Mas company had been engaging in anti-competitive practices. This means that they think the e-commerce firm...
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