Korea’s GS Caltex, IKEA sign a deal to open pickup service at gas stations
Oct 06, 2021 09:09 am UTC| Business Economy
GS Caltex, a South Korean oil refiner and energy company inked a deal with the Korean unit of IKEA, a furniture retail chain, to launch a pickup service at gas stations. For starters, it was mentioned that the first...
Volvo recalls over 460,000 vehicles worldwide due to defective airbags
Oct 06, 2021 08:58 am UTC| Business Economy
Volvo recalls its older car units around the world, and this was said to be due to the faulty airbags that could burst into metal fragments. About 460,769 models are affected by this new recall as the issue could be deadly...
Target announces plans to pay additional $2 an hour to employees this holiday season
Oct 06, 2021 08:17 am UTC| Business Economy
Target announces some good news for its employees this week. The Minneapolis, Minnesota headquartered retail chain said on Tuesday, Oct. 5, that it will be paying an extra $2 an hour to staff who will work on peak day...
GM to invest and open battery development facility, the Wallace Battery Cell Innovation Center
Oct 06, 2021 08:09 am UTC| Business Economy
General Motors, an American automaker, announced this week that it is investing in opening a battery cell development center. It is currently being built in Michigan and the main goal for the new facility is to help lower...
Canadian bitcoin miner slapped with $7 million fine for setting up unauthorized power plants
Oct 05, 2021 23:59 pm UTC| Digital Currency Economy
Canadian bitcoin mining operator Link Global is facing a fine of up to $7 million for installing several power plants to run its miners without government permission. Link Global started operating in Alberta with four...
S. Korea's shopping centers lure pet lovers with pet lifestyle shops
Oct 05, 2021 23:59 pm UTC| Economy Life
South Koreas department stores and shopping malls are offering pet lifestyle shops to attract the so-called pet-fams or families with pets. Among them is Cocco Square, a 4-floor lifestyle shop for pets, which opened at...
S. Korean's purchases of imported luxury bags surge to 174.1 billion won amid pandemic
Oct 05, 2021 23:58 pm UTC| Economy Life
South Koreans purchased luxury bags worth 174.1 billion won last year, up 38.1 percent on-year, according to the National Tax Service and the Korea Customs Service. Based on the 10 percent value-added tax and the...
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