JAL to reassign 3,000 employees to low-cost carrier, non-core operations as air travel struggles
Jul 21, 2022 23:46 pm UTC| Business Economy Life
Japan Airlines Co will transfer around 3,000 employees to its low-cost carrier Zipair Tokyo Inc and other non-core operations as the COVID-19 pandemic continues to hit international and business travel. Employees that...
SK hynix withholds expansion plan amid economic uncertainty
Jul 21, 2022 23:45 pm UTC| Business Economy Technology
SK hynix Inc. suspended a factory expansion plan at its Cheongju campus due to global economic uncertainty that is squeezing consumers buying power for electronic devices. The worlds second-largest memory chip maker had...
Meat and dairy investors worried about the lag in climate change efforts
Jul 21, 2022 23:39 pm UTC| Nature Economy Business
Investors in meat and dairy companies are worried that theyre not doing enough to combat climate change, according to a new survey about attitudes toward greenhouse gas emissions. According to 82 percent of the...
ESPN+, Hulu help drive Disney to record $9 billion in upfront ad sales for 2022/23
Jul 21, 2022 23:36 pm UTC| Sports Economy Business
The ESPN+, Disney+, and Hulu streaming services brought in 40 percent of Disneys record US$9 billion in upfront advertisement sales for the 202223 financial year. Due to the strength of its rights portfolio and...
Vimeo lays off 6% of its workforce
Jul 21, 2022 10:26 am UTC| Business Economy
Vimeo has terminated some of its employees, which is equivalent to six percent of its total workforce. The company employs a total of 1,447 workers based on its LinkedIn profile. As per Fox Business, Vimeo had to reduce...
Jul 21, 2022 10:08 am UTC| Business Economy
Microsoft announced that it would slow down its hiring of new staff and cited the difficult economic condition as the reason. It was revealed that the companys share price also slid down by one percent in the extended...
Hyundai Motor to deliver its IONIQ 5 EVs to become taxis
Jul 21, 2022 09:56 am UTC| Business Economy
Hyundai Motor is sending its IONIQ 5 electric vehicle models to Japan as part of a deal with the local taxi operator, MK Taxi. The South Korean automaker will be delivering 50 EV units to the Kyoto-based firm, and 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