Rimac raised €500M to expand production capacity, Porsche participates in the funding round
Jun 02, 2022 07:56 am UTC| Business Economy
Rimac Automobili, a Croatian car manufacturer headquartered in Sveta Nedelja, Croatia, that develops and produces electric sports cars, announced on Wednesday, June 1, that it was able to secure new funds and raised 500...
Elon Musk tells Tesla executive staff to return to the office or be fired
Jun 02, 2022 07:34 am UTC| Business Economy
Elon Musk reportedly demanded that Tesla executives to return and work at the office. The billionaire was said to have sent out an email on Tuesday, May 31, telling staff to be in the office for a specific minimum time...
Jun 01, 2022 10:07 am UTC| Business Economy
Starlink, the satellite internet constellation operated by Elon Musks SpaceX company, has been approved by the Philippine government, and this was revealed by Musk himself late last week. With this development, Filipinos...
Jun 01, 2022 09:55 am UTC| Business Economy
The Target employees in Virginia reportedly filed a claim against the retail giant for alleged unfair labor practices that involved intimidation and spying. With the filing, the United States Department of Labor will be...
Vodafone partners with Hyundai Robotics to jointly develop and market service robots
Jun 01, 2022 09:30 am UTC| Business Economy
Vodafone, a leading technology communications company in Europe and Africa, has struck a deal with South Koreas Hyundai Robotics to develop service robots that can be sold in the European market. According to Aju...
Lotte Department Store in Busan temporarily closing due to conflict with the city government
Jun 01, 2022 09:10 am UTC| Business Economy
Lotte Department Store branch in Gwangbok, Busan, has been temporarily shut due to a conflict with the city government. It was revealed that the retail shopping chains permit expired on Tuesday, May 31, and the Busan...
Medipost acquires Canada’s OmniaBio to launch CDMO biz in North America
Jun 01, 2022 07:53 am UTC| Business Economy
Medipost Co. Ltd, a South Korean biotechnology company, purchased a stake in Canadas OmniaBio Inc., a subsidiary of the Centre for Commercialization of Regenerative Medicine (CCRM), as it is planning to launch its own...
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’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects