LS Electric acquires Nokia’s ALO power facility asset
Jun 09, 2022 10:20 am UTC| Business Economy
LS Electric Co. Ltd, a South Korean automation solutions firm, has acquired Nokias asset lifecycle optimization (ALO) software, and this was announced on Wednesday, June 8. The company made the purchase to fulfill its goal...
SKC sells its profitable film business to Hahn & Co to focus on other businesses
Jun 09, 2022 10:07 am UTC| Business Economy
SKC is a South Korean firm that has led the countrys material industry for more than four decades in the film and chemical markets. It is now transforming itself to become a high-value-added materials provider that will...
Samsung secures multi-billion-dollar Tesla deal for supply of camera modules
Jun 09, 2022 09:28 am UTC| Business Economy
Samsung Electro-Mechanics has won a deal to supply camera modules to Tesla. The said item is a key part of the production of the EV makers electric trucks. Samsung Electro-Mechanics is a subsidiary of the Samsung Group,...
Microsoft withdraws operations in Russa citing Ukraine invasion
Jun 09, 2022 07:54 am UTC| Business Economy
Microsoft Corp. is the next US-based company to announce its withdrawal from Russia. The tech firm is canceling its business in the said country in response to the Vladimir Putin-led invasion of Ukraine. Microsoft Corps...
KFC Australia replaces lettuce with cabbage due to shortage
Jun 09, 2022 06:57 am UTC| Business Economy
KFC Australia was forced to serve food items with cabbage instead of the usual lettuce because of the unexpected shortage of the said leafy vegetable. Lettuce has always been a key ingredient in most of the menu, but the...
New Balance sues Steve Madden over “deliberate knock-offs”
Jun 08, 2022 22:25 pm UTC| Business Law Sports Economy Life
New Balance is suing Steve Madden for deliberately copying its patent-protected 327 model sneaker in an attempt to piggyback on the commercial and critical success of the 327 design. The US District Court for the...
Phil Mickelson commits to Saudi-backed LIV Golf
Jun 08, 2022 22:25 pm UTC| Sports Business Economy
Phil Mickelson has confirmed his commitment to Saudi Arabias Public Investment Fund (PIF) backed controversial LIV Golf Invitational Series set to get underway in England. Mickelson, 54, is being paid up to $200 million...
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