Dunamu investing ₩500B to create 10,000 new jobs
Jul 14, 2022 10:07 am UTC| Business Economy
Dunamu, one of South Koreas leading fintech companies and operator Upbit crypto exchange, revealed it would be investing about ₩500 billion or $380 million in the next five years and generate 10,000 new jobs for the...
Victoria's Secret slashes 160 management jobs for restructuring
Jul 14, 2022 09:54 am UTC| Business Economy
Victorias Secret Co announced on Tuesday this week that it will slash management roles in the company, and around 160 workers are affected. This is said to be equivalent to five percent of the companys workers, including...
Lego shuts down business in Russia, 90 workers to lose jobs
Jul 14, 2022 09:47 am UTC| Business Economy
Lego, the maker of plastic construction toys headquartered in Denmark, has terminated its franchise contract with a local store operator in Russia as it announced it would be shutting its business there. According to...
PepsiCo may implement price hikes on its products as raw material costs soar
Jul 14, 2022 08:23 am UTC| Business Economy
PepsiCo said this week that it might impose higher prices for its snack and soda products. The beverage and snack maker revealed its products may get pricier because of the increasing cost of raw materials and steady...
Naver, Coupang under probe for suspected antitrust violations
Jul 14, 2022 07:56 am UTC| Business Economy
Naver and Coupang are two of the leading companies in South Korea, and it was revealed this week that they are under investigation. Based on the reports, the countrys Fair Trade Commission (FTC) launched a probe due to...
Burger King appoints new chief digital officer in US, Canada
Jul 14, 2022 07:46 am UTC| Business Economy
Burger King has a new chief digital officer after hiring Thibault Roux for the job. Starting July 18, he will be the fast-food chains CDO in the United States and Canada. As per Restaurant Dive, Roux will be joining...
Twitter sues Elon Musk to enforce $44 billion purchase deal
Jul 13, 2022 22:34 pm UTC| Law Economy Business
Twitter Inc sued Elon Musk for violating the $44 billion deal to buy the social media platform in a Delaware court, demanding that the worlds richest person complete the merger at the agreed $54.20 per Twitter...
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