Crocs announce acquisition of Hey Dude footwear for $2.5 billion
Dec 24, 2021 06:51 am UTC| Business Economy
Crocs Inc. revealed this week that it will acquire Hey Dude Shoes for $2.5 billion. Based on the report, the Broomfield, Colorado headquartered foam clogs maker is buying the shoe company as it wants to take advantage of...
Hyundai Oilbank to build eco-friendly power plant fueled by LNG, blue hydrogen for 400 billion won
Dec 23, 2021 23:55 pm UTC| Nature Economy Business
South Korean refiner Hyundai Oilbank Co. will invest 400 billion won to build an eco-friendly liquid natural gas (LNG) and blue hydrogen-fueled power plant in Daesan with the capacity of generating 230 tons of steam and...
SK Geocentric, Kolon commercially release plastic that decomposes in 6 months
Dec 23, 2021 23:55 pm UTC| Science Nature Economy Business
SK Geocentric Co. and textile and chemical materials maker Kolon Industries Inc. have commercially released a polybutylene adipate-co-terephthalate (PBAT)-based plastic that they developed jointly. PBAT is used...
NBA's Atlanta Hawks to be valued at $2 billion
Dec 23, 2021 23:54 pm UTC| Sports Economy Business
The National Basketball Associations (NBA) Atlanta Hawks are close to offloading a minority stake to US private equity firm Dyal HomeCourt Partners would value the team at around US$2 billion. It is unclear how big...
Coffee grounds to be used to eliminate stench at livestock farms
Dec 23, 2021 23:54 pm UTC| Economy Science
The Ministry of Environment signed an agreement with several entities to turn coffee grounds into deodorants using microorganism fermentation techniques to eliminate the stench at livestock farms. The other signatories...
Hyundai Engineering to produce clean hydrogen out of plastic wastes
Dec 23, 2021 23:54 pm UTC| Nature Economy Business Science
Hyundai Engineering Co. will build a 400 billion won plant in Dangjin that uses plastic wastes in producing high-purity clean hydrogen. The plant will process 100,000 tons of plastic wastes annually to produce 22,000...
McWin seeks growth and sustainability for Burger King Germany
Dec 23, 2021 23:05 pm UTC| Nature Economy Business
McWin Food Ecosystem Fund has become the majority shareholder of Burger King in Germany, where it seeks to grow significantly and innovate while supporting the companys efforts to achieve a more sustainable product...
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’
Labour can afford to be far more ambitious with its economic policies – voters are on board
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects