HP reveals global job cut plans that will affect 4,000 to 6,000 employees
Nov 24, 2022 08:59 am UTC| Business Economy
Hewlett Packard Inc. revealed this week that it would have to lay off thousands of employees over the next three years. The tech company said that these job cuts will affect 4,000 to 6,000 people in its offices and...
Samsung to supply chips to IBM, Nvidia, Qualcomm, and Baidu with the aim of surpassing TSMC
Nov 24, 2022 08:13 am UTC| Business Economy
Samsung Electronics has struck a deal with Nvidia, IBM, Qualcomm, and Baidu for the supply of semiconductors. The South Korean memory chipmaker will be producing 3-nanometer process nodes for them. With the new deals...
GM Korea closing its production plant after 60 years
Nov 24, 2022 07:26 am UTC| Business Economy
General Motors Korea is shutting down its vehicle production plant in the country after 60 years of operation. The company said that it made the decision to focus on building compact sports utility vehicles and electric...
Judge orders Amazon to refrain from retaliating against union organizers
Nov 23, 2022 23:17 pm UTC| Law Economy Business
A US federal judge has issued a cease-and-desist order directing Amazon to not retaliate against employees involved in workplace activism, in a case seeking the reinstatement of a fired employee. US District Judge Diane...
Honda to begin selling ZR-V SUV in April 2023
Nov 23, 2022 23:17 pm UTC| Life Economy Business
Honda Motor Co Ltd will begin selling the ZR-V, on April 21, 2023, at dealerships across Japan. The ZR-V combines practicality, reliability, distinctive design, and a comfortable driving experience, all on a high...
LG Chem to build $3 billion cathode plant in Tennessee
Nov 23, 2022 23:17 pm UTC| Business Economy Nature
LG Chem Ltd. will spend at least $3 billion to build its first US cathode plant in Tennessee in response to the growing demand for electric vehicle (EV) components. The cathode manufacturing facility will be capable of...
Apple agrees to voluntarily correct unfair app policy on S. Korean developers
Nov 23, 2022 23:16 pm UTC| Technology Economy Business Law
Apple Inc. agreed to voluntarily correct its commission policy of charging local app developers more after the Fair Trade Commission (FTC) launched a probe into the US tech giant. There is widespread criticism that...
Putin’s Russia: first arrests under new anti-LGBT laws mark new era of repression
Canada needs a national strategy for homeless refugee claimants