Apple sued for antitrust violations over Apple Pay
Jul 18, 2022 23:34 pm UTC| Economy Business Technology
Payment card issuers sued Apple Inc in a proposed class action for allegedly abusing its market power in mobile devices to thwart competition for its Apple Pay mobile wallet. In contrast to manufacturers of...
Nike debuts new retail concept in Seoul
Jul 18, 2022 23:30 pm UTC| Economy Business Life Sports
Nike opened a new retail concept shop in Seoul, South Korea, showcasing the new Nike Style, which remixes sports retail culture expression that blurs the line between physical and digital experiences. Nike said this new...
S. Korea's CJ targets sales of 200 billion won in plant-based foods by 2025
Jul 18, 2022 23:23 pm UTC| Economy Business Health Nature
CJ Cheiljedang is targetting sales of 200 billion won in plant-based foods by 2025, setting it as the companys new growth engine. The South Korean food conglomerates main target is overseas markets where it aims to...
S. Korea's MZ generation increases purchases of luxury bingsu despite exorbitant prices
Jul 18, 2022 23:19 pm UTC| Economy Business Life
The apple mango bingsu served at luxury hotels in Seoul enjoyed robust sales this year despite recent price hikes, largely led by consumers from those aged between the late 10s and 30s, dubbed the MZ generation in South...
S. Korea's surging food delivery demand boosts supply of disposable cutlery
Jul 18, 2022 23:14 pm UTC| Nature Economy Business
The supply of disposable forks in South Korea jumped from 1,501 tons in 2019 to 2,611 tons in 2021, up by 73.9 percent, due to the surge in demand for delivery food amid the pandemic. The production and importation of...
Amazon to create additional 4,000 jobs in the UK this year
Jul 18, 2022 10:32 am UTC| Business Economy
Amazon revealed late last week that it is planning to add more than 4,000 new jobs in the United Kingdom, and the workers can apply for permanent positions. The American e-commerce retail company said that the hiring would...
Starbucks reportedly considering the sale of its UK business
Jul 18, 2022 10:17 am UTC| Business Economy
Starbucks Corp. is allegedly thinking of selling its business operations in the United Kingdom. The reason why the coffee company is exploring this move is that newer brands of coffee houses are coming into the market and...
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