Two economists forecast what's ahead in 2023
Dec 19, 2022 16:23 pm UTC| Economy
With the current U.S. inflation rate at 7.1%, interest rates rising and housing costs up, many Americans are wondering if a recession is looming. Two economists discussed that and more in a recent wide-ranging and...
Cosmetics companies in South Korea struggling to contain trademark infringements in China
Dec 19, 2022 10:10 am UTC| Business Economy
Cosmetics and beauty companies in South Korea are said to be struggling to deal with the growing trademark infringements in China. The Korea Intellectual Property Protection Agency (KIPO) said on Sunday, Dec. 18, that...
F1 team Red Bull to end Tezos sponsorship deal
Dec 19, 2022 09:58 am UTC| Sports Economy Business Technology
Formula One team Red Bull Racing will terminate a multi-year sponsorship deal with blockchain collectibles platform Tezos. Red Bull tapped Tezos services in May 2021 to help create bespoke NFTs available on its...
McDonald’s to adopt automatic payment system for drive-thru in S. Korea
Dec 19, 2022 09:35 am UTC| Economy Business Technology Life
McDonalds Korea will adopt an automatic tolling system dubbed Hi-Pass allows drivers to pay tolls without having to stop at toll booths on major expressways for its drive-thru (DT) service. The South Korean unit of...
KB Kookmin Bank, GLN signed MOU to build a global payment network
Dec 19, 2022 09:31 am UTC| Business Economy
KB Kookmin Bank and GLN International have agreed to collaborate to work together on setting up a global payment network. The companies signed a memorandum of understanding (MOU) for this project late last week. GLN...
Samsung, BMW ramp up EV battery business partnership
Dec 19, 2022 09:29 am UTC| Business Economy
Samsung Electronics and BMW have strengthened their partnership in the electric vehicle battery business. The chairman of the South Korean electronics firm, Lee Jae Yong, recently met up with the German luxury automakers...
Ford Motor hikes up the cheapest price of its F-150 electric pickup
Dec 19, 2022 07:56 am UTC| Business Economy
Ford Motor Co. raised the price of its F-150 Lightning electric pickup once again. The price increase was applied to the cheapest rate or starting price of the said model. As a result, the price of the F-150 electric...
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