Red Bull's deal with Porsche faltering, making Honda a possible alternative
Aug 30, 2022 15:15 pm UTC| Sports Economy Business
The deal for Porsche to take over fifty percent of Red Bull Technology in its entry into Formula 1 has stalled, making it possible for Honda to hook up with the racing team. Honda is reportedly considering a possible...
South Korea’s Baedal Minjok to trial reusable food containers for delivery
Aug 30, 2022 10:06 am UTC| Business Economy
Baedal Minjok, one of the leading food delivery services in South Korea, is testing reusable food containers in response to the citys call to minimize the use of plastic and disposable food packaging. Baedal Minjoks...
Walmart offers to acquire the entire Massmart retail firm for $377M
Aug 30, 2022 09:54 am UTC| Business Economy
Walmart reportedly offered to buy the rest of the shares in the South African retail company Massmart. The American leading retail chain is bidding $377 million for the acquisition. Walmarts multi-million offer is to...
FedEx sever ties with some delivery contractors as partners threaten to suspend holiday deliveries
Aug 30, 2022 09:44 am UTC| Business Economy
FedEx Corporation, a leading transport and delivery company in the United States, cut ties with one of its largest delivery partners. The break-up is effective immediately. According to Fox Business, FedEx has ended its...
Hanwha reveals leadership reshuffle, promotes CEO’s son to vice chairman role
Aug 30, 2022 09:43 am UTC| Business Economy
Hanwha Group announced a major executive reshuffle and promoted the company presidents eldest son, Kim Dong Kwan, to vice chairmanship post. His promotion is expected to accelerate the conglomerates management transition...
Sony acquires Savage Game Studios to expand beyond gaming consoles
Aug 30, 2022 08:38 am UTC| Business Economy
Sony Group Corporation announced on Monday, Aug. 29, that has acquired the Finland and German-based mobile game developer called Savage Game Studios. The gaming console maker did not disclose the value of the deal. As...
Honda Motor, LG Energy form JV for electric vehicle battery production in the US
Aug 30, 2022 08:22 am UTC| Business Economy
Honda Motor and LG Energy Solution have formed a joint venture for the production of electric vehicle batteries in the United States. The companies are investing in building their plant for the JV in Ohio. Honda Motor...
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