Netflix Korea accused of tax evasion by a lawmaker
Oct 27, 2022 08:13 am UTC| Business Economy
Netflix Korea has been accused of possible tax evasion after it reported earnings of KRW1.23 trillion or around $836 million in sales for the last three years. The suspicion arose as the streaming service company only paid...
Adidas, Gap condemn hate speech, formally break up partnership with Kanye West
Oct 27, 2022 07:34 am UTC| Business Economy
Adidas AG has officially shunned Kanye West and announced it had terminated its partnership with him. The German sneakers and sports apparel brand said it does not tolerate or support hate speech. Adidas released a...
Visa’s spending growth slows to 10.5% as consumers hit by inflation
Oct 26, 2022 23:48 pm UTC| Economy Business Life
Visa Inc. saw spending growth rise 10.5 percent to $2.93 trillion in the fiscal fourth quarter, the slowest since the depths of the pandemic Visa posted less than 5 percent for the first fiscal quarter of 2021. Shares...
McDonald’s to bring back McRib for ‘Farewell Tour’
Oct 26, 2022 23:48 pm UTC| Life Economy Business
McDonalds is bringing back its McRib sandwich for a limited time from October 31 through November 20. Since it was taken off the menu in 2005, the fast-food chain had intermittently brought back the iconic...
LaMelo Ball’s PUMA MB.02 “Phoenix” coloray to be sold exclusively in China
Oct 26, 2022 23:47 pm UTC| Sports Economy Business
LaMelo Ball and German sportswear behemoth PUMA unveiled the PUMA MB.02 Phoenix colorway exclusive to China. Although Puma may drop LaMelos second basketball shoe outside of China, the decision to release the colorway...
More solar components to be 'Made in US' due to Climate Law
Oct 26, 2022 23:47 pm UTC| Nature Law Economy Business
Enphase Energy Inc. plans to open four to six manufacturing lines in the US following the passage of the countrys landmark legislation that provides funding for clean power projects. The company, which makes components...
Philip Morris Korea to launch 'healthier' next-generation e-cigarette
Oct 26, 2022 23:46 pm UTC| Health Economy Business Life
Philip Morris Korea will launch a next-generation e-cigarette, which is less harmful and equipped with a new type of tobacco heating system, the IQOS ILUMA, next month. Paik Young-jae, managing director of Philip Morris...
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects