Starbucks recruits former McDonald’s exec, contemplates tech changes to its mobile app, drive-thrus
Apr 25, 2022 09:55 am UTC| Business Economy
Starbucks revealed it has recruited a new chief technology officer to manage tech under the leadership of returning chief executive officer, Howard Schultz. The coffee chain company hired a former McDonalds executive to...
Reliance cancels $3.4 billion deal with India's Future Group
Apr 25, 2022 09:29 am UTC| Business Economy
Reliance Industries announced last weekend that its deal with Future Group has been canceled. In an exchange filing, the Indian multinational conglomerate company headquartered in Mumbai said on Saturday that the deal...
AT&T promotes and appoints Jeff McElfresh as new chief operating officer
Apr 25, 2022 09:02 am UTC| Business Economy
ATT Inc. announced late last week that it has appointed Jeff McElfresh as its new chief operating officer. He has been promoted and previously led the companys biggest business division which is ATT Communications. As...
Naver gives up plans to acquire SM Entertainment
Apr 25, 2022 08:37 am UTC| Business Economy
Naver is no longer interested in the acquisition of SM Entertainment and officially backed out of the race. The company will not participate in the bidding race and leave it to other competitors. According to The Korea...
Indonesia’s palm oil export ban spells bad news for Korean ramyun, snack manufacturing firms
Apr 25, 2022 08:25 am UTC| Business Economy
Indonesia is currently the biggest producer of palm oil and supplying 59% of the entire worlds production as of last year. Now the country has made a startling announcement on April 22, saying it will prohibit exports of...
Elon Musk developing Tesla’s Optimus robot worth more than the EV business
Apr 25, 2022 08:00 am UTC| Business Economy Technology
Elon Musk stated during last weeks first-quarter earnings call for Tesla that its Optimus humanoid robot that is being developed is set to become the companys most valuable business. Teslas chief predicted that the...
CNN+ to shut down a month after launch, 350 may lose jobs
Apr 25, 2022 07:55 am UTC| Business Economy
CNN Plus is a digital video streaming service and a subsidiary of CNN cable television news network. It was launched only on March 29, 2022, but late last week, its abrupt closure was announced. The CNN+ streaming...
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