American tech firms banned from building factories in China
Sep 08, 2022 09:21 am UTC| Business Economy
The United States has reportedly ordered major American tech firms not to build advanced technology plants in China. Companies that were granted federal funding are barred from setting up their tech facilities for 10...
Hanwha Solutions injects $549.6M for its solar energy business, to establish JV with GS Energy
Sep 08, 2022 08:42 am UTC| Business Economy
Hanwha Solutions Corporation is spending more than KRW760 billion or about $549.6 million for its solar energy unit. This will be the companys latest investment as one of the key energy units of the Hanhwa Group. Hanwha...
Domino's offers special discount deal to customers as inflation bites
Sep 08, 2022 08:41 am UTC| Business Economy
Dominos Pizza announces its newest offering as people are struggling to cope with surging prices and high inflation. The pizza chain launched its Inflation Relief Deal to offer customers a 20% discount for all online...
Kirin Beverage ordered to ensure correct labeling
Sep 07, 2022 23:42 pm UTC| Law Economy Business Life Health
Japans Consumer Affairs Agency ordered Kirin Beverage to prevent a recurrence of deceptive packaging for its juice product. Although its Tropicana melon taste juice product was labeled as 100 percent melon by Kirin...
California governor signs landmark law boosting benefits for fast food workers
Sep 07, 2022 23:42 pm UTC| Law Economy Business
California Gov. Gavin Newsom signed a measure giving over a half-million fast food workers more benefits, including a higher minimum wage of $22 per hour despite warnings from restaurant operators that it would drive up...
4 S. Korean firms collaborate to produce ammonia-based clean hydrogen
Sep 07, 2022 23:42 pm UTC| Nature Economy Business
LG Chem Ltd., Samsung CT Corp., Namhae Chemical Corp., and Doosan Enerbility Co. have signed a memorandum of understanding to cooperate in ammonia-based clean hydrogen production and usage. LG Chem intends to use clean...
Hyundai, Mercedes poised to lose top sales performance in Korea to Kia, BMW
Sep 07, 2022 23:41 pm UTC| Business Economy
Top domestic and imported automakers Hyundai Motor and Mercedes-Benz may give way to other competitors in sales performance in South Korea this year. According to industry tracker CarIsYou Data Research Center, Kia...
‘We have thousands of Modis’: the secret behind the BJP’s enduring success in India