Aug 23, 2022 09:22 am UTC| Business Economy
Adidas made a surprising announcement that its chief executive officer, Kasper Rorsted, is set to step down from his role next year. The German footwear and sports apparel manufacturer said on Monday, Aug. 22, that the...
McDonald’s announces new board of directors and departure of long-time director
Aug 23, 2022 09:17 am UTC| Business Economy
McDonalds has made big changes in its Board of Directors after adding three new members, and this was confirmed this week. The fast-food chain also mentioned that with the arrival of new ones, it would also be losing one...
Elon Musk announces 25% price hike for Tesla’s Full Self-Driving system
Aug 23, 2022 09:07 am UTC| Business Economy
Elon Musk said that the price of its Full Self Driving system would become more expensive as they are imposing a 25% hike in September. This means that the FSD driver assistance software will now cost $15,000 starting next...
Samsung Electronics is expanding its Bespoke business in Europe
Aug 23, 2022 08:15 am UTC| Business Economy
Samsung Electronics announced on Monday, Aug. 22, that it will be boosting the presence of its Bespoke home appliances lineup in the European market. The company will do this by expanding this line of business through...
Hyundai Motor, LG Energy JV secure $710M investment for EV battery plant in Indonesia
Aug 23, 2022 07:24 am UTC| Business Economy
Hyundai Motor and LG Energy Solution Ltd. have a joint venture for the production of lithium-ion battery cells. For this project, the companies are building a plant in Indonesia and raising funds for its...
S. Korean foreign minister expresses concerns over US EV tax incentives
Aug 22, 2022 23:47 pm UTC| Technology Economy Business
South Korean Foreign Minister Park Jin conveyed his concerns over a new US law excluding electric vehicles built outside North America from tax breaks during a phone conversation with US Secretary of State Antony...
MGM China to inject $594 million into Macau unit to re-tender for casino license
Aug 22, 2022 23:47 pm UTC| Life Economy Business
Casino operator MGM China Holding will inject 4.8 billion patacas ($594 million) into its MGM Grande Paradise unit as it eyes to resume operating its gaming business in Macau. According to the terms of a revised gaming...
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
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects