Aug 15, 2022 17:39 pm UTC| Insights & Views Economy
British households are bracing for a winter of massive energy price increases. The average annual bill is forecast to rise above 4,000, which is more than three times what Britons were paying just 12 months ago. French...
From mutual interest to mutual understanding: evolving the South Korea-Africa narrative
Aug 15, 2022 17:05 pm UTC| Economy
Africa and South Korea share strong diplomatic relationships with budding economic ties requiring a catalyst to bloom. There is much more work to be done to attract Korean investors to the region, which holds a wealth of...
Peloton slashes 780 jobs, shut down stores and imposes price hikes
Aug 15, 2022 09:41 am UTC| Business Economy
Peloton Interactive, Inc., an American exercise equipment and media firm headquartered in New York City, reportedly announced late last week that it would be cutting jobs and closing down stores while also raising the...
Aug 15, 2022 09:10 am UTC| Business Economy
Lotte Groups chairman Shin Dong Bin is one of the people that has been granted clemency by President Yoon Suk Yeol. After getting the privilege, the chief immediately pledged to invest in the biotech and hydrogen energy...
Naver’s HQ raided over alleged Fair Trade Law violation in South Korea
Aug 15, 2022 09:03 am UTC| Business Economy
Naver, a South Korean online platform, was accused of abusing market dominance in dealing with its former real estate market information partner. For this, it was reported that the prosecutors launched a raid at the...
Porsche builds real-life version of Disney’s ‘Cars’ Sally Carrera for a cause
Aug 15, 2022 08:49 am UTC| Business Economy
Porsche and Pixar Animation Studios teamed up to build a car inspired by one of Disneys Cars movies popular characters - Sally. In the animated film franchise, she is a 2022 Porsche 911 Carerra in blue color. According...
Johnson & Johnson discontinues sale of talc-based baby powder worldwide
Aug 15, 2022 08:05 am UTC| Business Economy
Johnson Johnson announced it would stop selling its talc-based baby powder around the world starting next year. The New Jersey-based pharmaceutical industry company further revealed that it would be replacing the...
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