GS Retail ordered to pay $18.7M in fine for unfair business dealings
Aug 03, 2022 07:20 am UTC| Business Economy
GS Retail Co. has been fined KRW24.4 billion or around $18.7 million, due to unfair practices related to its business dealings with contractors. South Koreas Fair Trade Commission (FTC) revealed on Tuesday, Aug. 2, that it...
Aug 03, 2022 00:59 am UTC| Economy
Australias east coast gas crisis is set to sharply worsen. A new report from the Australian Competition and Consumer Commission (ACCC) notes supply conditions will deteriorate significantly in 2023 if no action is taken....
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...
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