SK ecoplant to develop technology in manufacturing hydrogen 20 times faster
Jul 29, 2022 22:55 pm UTC| Nature Science Economy Business
SK ecoplant Co. plans to develop a technology to produce hydrogen through a fermentation process where microorganisms eat and decompose organic matter in the absence of light When compared to the current approach of...
Rivian to lay off over 800 employees as inflation and high costs bite
Jul 29, 2022 09:57 am UTC| Business Economy
Rivian Automotive, the American electric vehicle manufacturer founded in 2009, is set to terminate 840 employees, which are said to be equivalent to six percent of the companys workforce. The companys chief said the move...
JetBlue Airways to acquire Spirit Airlines in a $3.8B deal
Jul 29, 2022 09:52 am UTC| Business Economy
JetBlue Airways has finally been announced as the buyer of Spirit Airlines after winning in the acquisition battle. The Long Island City-headquartered low-cost airline, which is also the seventh largest in North America...
SsangYong Motor submits final rehabilitation and M&A plan, but creditors reject scheme
Jul 29, 2022 09:49 am UTC| Business Economy
SsangYong Motor filed its restructuring plan with the Seoul court on Wednesday, July 27. The submission took place a month after the court approved a consortium as the final bidder for the acquisition of the South Korean...
Shinsegae Food debuts plant-based canned ham
Jul 29, 2022 09:36 am UTC| Business Economy
Shinsegae Food unveiled its newest product on Thursday, July 28, and this will be a stepping stone for the company as it plans to enter the global meat alternative market. The South Korean leader in the domestic meal...
Hyundai Card, Yanolja sign strategic partnership deal to issue PLCC
Jul 29, 2022 09:16 am UTC| Business Economy
Hyundai Card, a South Korean credit card company under Hyundai Motor Group, has signed a deal with Yanolja Co. Ltd. to engage in various business collaborations, including the release of private label credit cards or...
Nestle announces acquisition of Purina Petcare in India
Jul 29, 2022 08:18 am UTC| Business Economy
Nestle unit has acquired the Purina Petcare brand in the country for ₹125.3 crore. The Swiss multinational food company made the announcement of its new acquisition in India on Thursday, July 28. As per Business...
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’
Labour can afford to be far more ambitious with its economic policies – voters are on board
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects