Why does the RBA keep hiking interest rates? It's scared it can't contain inflation
Aug 03, 2022 00:55 am UTC| Economy Central Banks
There are signs inflation pressures are easing. Oil prices are down almost 20% on their peak in March. Theyve been falling consistently for a month. The average capital city unleaded price is down from A$2.11 per litre...
B&G Foods fortifies partnership with Mars in launching Snickers Shakers seasoning blend
Aug 02, 2022 23:58 pm UTC| Life Business Economy
BG Foods has unveiled a Snickers Shakers seasoning blend as part of its ongoing partnership with Mars Wrigley. The Snickers Shakers spice blend replicates the flavor of Snickers by mixing chocolate, peanut, and caramel...
Alfa Romeo continues F1 partnership with Sauber
Aug 02, 2022 23:55 pm UTC| Sports Economy Business
Alfa Romeo has renewed its partnership with Swiss-based Formula One outfit Sauber for the 2023 season, confirmed the automakers CEO, Jean-Philippe Imparato, ahead of the Hungarian GP. Sauber owns and runs the team under...
S. Korean tiremakers Hankook, Kumho set eyes on EVs
Aug 02, 2022 23:54 pm UTC| Business Economy
Hankook Tire and Technology Co. announced that it received almost half of its tire orders for electric vehicle-exclusive variants. The tiremaker has concluded contracts with 22 car makers for some 60 car models with the...
Starbucks is the most preferred coffee store among the Koreans
Aug 02, 2022 10:25 am UTC| Business Economy
Starbucks has emerged as the most preferred coffee chain in South Korea. The information was based on a recent survey that was carried out by the Korea Consumer Agency and was published on Monday, Aug. 1. According to...
Hyundai Oilbank, Lotte Confectionery team up to produce biodiesel from recycled oil
Aug 02, 2022 09:55 am UTC| Business Economy
Hyundai Oilbank and Lotte Confectionery have partnered to engage in the production of biodiesel using disposed oil products. The South Korean petroleum and refinery company based in Seosan, South Korea, announced its new...
PepsiCo signs deal with Celsius fitness energy drink via $550 million stake acquisition
Aug 02, 2022 09:04 am UTC| Business Economy
PepsiCo Inc. revealed on Monday, Aug. 1, that it had invested $550 million in Celsius Holdings Inc. for a long-term strategic distribution deal. The transaction also awarded the New York-headquartered snack and beverage...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight