China Resources Beer unit to acquire baijiu maker for $1.7 billion
Oct 27, 2022 22:18 pm UTC| Life Economy Business
A China Resources Beer unit will acquire a 55.19 percent stake in Guizhou Jinsha Jiaojiu Winery Industry for (approx. $1.7 billion). Guizhou Jinsha Winery produces and distributes baijiu products under the brands...
Visa’s spending growth slows to 10.5% as consumers hit by inflation
Oct 26, 2022 23:48 pm UTC| Economy Business Life
Visa Inc. saw spending growth rise 10.5 percent to $2.93 trillion in the fiscal fourth quarter, the slowest since the depths of the pandemic Visa posted less than 5 percent for the first fiscal quarter of 2021. Shares...
McDonald’s to bring back McRib for ‘Farewell Tour’
Oct 26, 2022 23:48 pm UTC| Life Economy Business
McDonalds is bringing back its McRib sandwich for a limited time from October 31 through November 20. Since it was taken off the menu in 2005, the fast-food chain had intermittently brought back the iconic...
Philip Morris Korea to launch 'healthier' next-generation e-cigarette
Oct 26, 2022 23:46 pm UTC| Health Economy Business Life
Philip Morris Korea will launch a next-generation e-cigarette, which is less harmful and equipped with a new type of tobacco heating system, the IQOS ILUMA, next month. Paik Young-jae, managing director of Philip Morris...
N. Korean department store selling counterfeit Chanel, Burberry, Dior
Oct 26, 2022 23:34 pm UTC| Life Economy Business
The Pyongyang Department Store No. 1 in North Korea was reported to be openly selling counterfeit foreign luxury items, according to the DPRK Today, a Chinese-based North Korean propaganda outlet. Found displayed at a...
Hyundai mulls raising speed limit of autonomous driving sedan
Oct 26, 2022 23:28 pm UTC| Business Economy Life
Hyundai Motor Group is considering raising the speed limit imposed on its first Level 3 self-driving G90 sedan under the independent Genesis brand, set to be released soon, from 60 kilometers per hour to 80. Raising the...
Burger King Israel serves Israeli-made vegan burgers, nuggets
Oct 25, 2022 23:24 pm UTC| Life Economy Business
Burger Kings Israel is serving plant-based Whopper and vegetarian chicken nuggets developed specifically for them by the Israeli startup, Meat. The End (MTE) starting this week at its Tel-Aviv pop-up branch. The startup...
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