Philip Morris buying Swedish Match tobacco firm
May 12, 2022 08:04 am UTC| Business Economy
Philip Morris International, the maker of Marlboro cigarettes, is buying Swedish Match, a Swedish multinational tobacco company headquartered in Stockholm. The latters share price soared in mid-morning trade on Tuesday...
Mondelez ditching Trident, Dentyne gum brands to focus on Cadbury, Oreo, Toblerone
May 12, 2022 07:59 am UTC| Business Economy
Mondelez International Inc. is selling its gum brands, including Trident and Dentyne. The American multinational confectionery, food, beverage, and snack food company headquartered in Chicago, Illinois, revealed its plans...
New Balance to roll out KAWHI 2 "Ocean Blue" featuring nautical elements on May 13
May 11, 2022 23:51 pm UTC| Sports Economy Business
New Balance will roll out its KAWHI 2 Ocean Blue colorway, which channels the Clippers guard Kawhi Leonards go with the flow mentality that he displays both on and off the hardwood, on May 13. The different white...
S. Korea to accelerate transition to hydrogen economy under Yoon administration
May 11, 2022 23:48 pm UTC| Economy Nature Business
The Yoon Suk-yeol administration is expected to speed up its efforts for Koreas transition to a hydrogen economy, benefiting relevant companies such as Doosan Fuel Cell and Hyosung Advanced Materials. When the...
Mondelēz to focus on chocolates, biscuits, baked snacks; to sell Trident and Halls
May 11, 2022 23:44 pm UTC| Economy Business
Mondelēz International will reshape its brand portfolio by focusing on chocolates, biscuits, and baked snacks, aiming to generate 90 percent of its revenue from those categories, and would sell its chewing gum business in...
S. Korea's exports up 28.7% in first 10 days of May
May 11, 2022 23:40 pm UTC| Economy Business
South Koreas exports rose 28.7 percent on year in the first 10 days of May to $16.1 billion from $12.5 billion a year earlier on the back of demand for chips and petroleum products. However, the trade deficit widened...
Solar-powered drone completes round trip flight to Dokdo islets
May 11, 2022 23:00 pm UTC| Nature Economy Business
An unmanned solar-powered drone dubbed KAU-SPUAV-2019 developed by the Korea Aerospace University succeeded to fly from the mainland to the easternmost islets of Dokdo and back. The drone returned just in time to...
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
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight