Morrisons UK supermarket chain’s long-term COO gives up job post to leave the company
Sep 28, 2022 09:28 am UTC| Business Economy
Morrisons supermarket chain in the United Kingdom is set to lose its chief operating officer after informing the board about his plans to step down. Trevor Strain resigned at a time when the company also lost its position...
Macy's plans to hire 41,000 workers ahead of the holiday shopping season
Sep 28, 2022 09:27 am UTC| Business Economy
Macys Inc. announced this week that it is planning to hire additional workers as the holiday shopping season is approaching fast. The American high-end department store chain said its target is to recruit more than 41,000...
Metaverse: Walmart partners with Roblox to launch Walmart Land virtual world
Sep 28, 2022 09:27 am UTC| Business Digital Currency Economy
Walmart has partnered with Roblox online gaming platform to enter the metaverse. The collaboration also allowed the retail chain to launch Walmart Land and Walmarts Universe of Play. On Monday, Sept. 26, Walmart...
AMC Theatres files to sell 425 million APE shares
Sep 28, 2022 08:34 am UTC| Business Economy
AMC Theatres is selling up to 425 million APE preferred shares to raise money and pay its debts. APE is a new type of preferred equity unit that was issued by AMC Entertainment last month, and its trading commenced on Aug....
TikTok facing possible £27M fine over its failure to protect children’s privacy
Sep 28, 2022 08:07 am UTC| Business Economy
TikTok is a Chinese short video hosting platform owned by ByteDance. It is also locally known as Douyin, and it was reported that it is facing a hefty 27m fine in the United Kingdom for failing to protect the privacy of...
Alipay+ to help bring GCash, Touch’n Go to South Korea for cashless travel
Sep 28, 2022 07:46 am UTC| Business Economy
Ant Groups Alipay+ has teamed up with several e-wallet brands in Asia to help them expand to South Korea. The company also wants to promote cashless travel in the country, and this is another reason for the...
Hanwha Group acquires Daewoo Shipbuilding for $1.39B
Sep 28, 2022 07:42 am UTC| Business Economy
Hanhwa Group is taking over Daewoo Shipbuilding and Marine Engineering (DSME) and has already signed a conditional memorandum of understanding (MOU) to acquire a controlling stake. The multi-profile business conglomerate...
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