Intel to slash thousands of jobs as PC sales slowed down
Oct 12, 2022 08:08 am UTC| Business Economy
Intel Corporation is reportedly planning to lay off thousands of employees as sales of personal computers have significantly slowed down. The tech company headquartered in Santa Clara, California, may announce the job cuts...
Nissan withdraws from the Russian market as it decided to flee over the Ukraine invasion
Oct 12, 2022 07:01 am UTC| Business Economy
Nissan Motor Company Ltd. is leaving Russia, and this will mark the end of its business in the country. As the Japanese carmaker pulls out of the country, it will be selling all its assets to the state and is likely to...
Samsung Biologics inaugurates the largest biopharma CDMO plant in the world
Oct 12, 2022 06:49 am UTC| Business Economy
Samsung Biologics just opened the largest Contract Development and Manufacturing Organization (CDMO) plant in the world, and it is located in Incheon, South Korea. The biotech firm is now hoping that through its new...
Mercedes F1's profits increase by $61 million in 2021
Oct 11, 2022 23:39 pm UTC| Sports Economy Business
Mercedes Formula One team increased its profits by $61 million in 2021, based on its published accounts for the 2021 season. The Brackley-based team largely attributed the increase in turnover to higher sponsorship and...
Burger King in Germany found to have served out-of-date bacon, had mice infestations
Oct 11, 2022 23:38 pm UTC| Health Economy Business Life
Some Burger King restaurants in Germany have been shut down after they were found to have served out-of-date products, had mouse infestations, and cooked vegan patties in the same oil as chicken, according to a TV...
PepsiCo to make Cheetos, Lay's chips using green electricity
Oct 11, 2022 23:38 pm UTC| Nature Economy Business
PepsiCo will phase out the use of natural gas at a factory in the Netherlands and adopt a system based on renewable electricity to make its deep-fried snacks. The plan is an industry first that Pepsi says could become a...
Bronny James, son of LeBron, signs an endorsement deal with Nike
Oct 11, 2022 23:38 pm UTC| Sports Economy Business
Nike has signed LeBron James son, Bronny, to a name-image-likeness endorsement deal. The Sierra Canyon High School guard recently started his senior year and has already begun visiting colleges. Now that the top...
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
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight