Ozy Media announced company shutdown amid misconduct and disinformation controversies
Oct 04, 2021 08:31 am UTC| Business Economy
Ozy Media is closing down, and this was announced by its chief executive officer, Carlos Watson. It was reported that he informed the staff last weekend that through voting, the board decided to shut down the...
Facebook whistleblower’s identity revealed on ‘60 Minutes’
Oct 04, 2021 05:45 am UTC| Business Economy
The former Facebook employee who dropped a bomb on the social media giant by releasing documents including internal research has finally been identified. She revealed herself through the American TV show 60 Minutes last...
Lemon-flavored alcoholic drinks taking a bigger slice of Japan's beverage market
Oct 02, 2021 23:50 pm UTC| Life Economy
Beverage makers such as Coca-Cola and Suntory are racing to pitch lemon-based alcoholic drinks to address the market for younger consumers who have diminished their thirst for beer. In June, Coca-Cola (Japan) Co....
US to collaborate with 30 countries in stopping illicit cryptocurrency use
Oct 02, 2021 23:50 pm UTC| Digital Currency Economy
The US will bring together 30 countries, including those from NATO allies and G7 partners, to stop the illicit use of cryptocurrency, according to President Joe Biden. The Biden administration has been intensifying its...
IMF warns against crypto's impact on monetary policy and financial stability
Oct 02, 2021 23:49 pm UTC| Digital Currency Economy
The International Monetary Fund (IMF) warns that the widespread and rapid adoption of cryptocurrencies reduces the ability of central banks to effectively implement monetary policy and causes financial instability. A...
S. Korean embassies criticized for using foreign cars as diplomatic vehicles
Oct 02, 2021 23:49 pm UTC| Politics Economy
South Korean diplomatic officials are facing criticism for extravagantly spending taxpayers money on luxury foreign car brands, which account for 20 percent of diplomatic vehicles at embassies overseas. Of the 681...
S. Korea's sports industry suffers 44.8 trillion won in damages due to coronavirus
Oct 02, 2021 23:48 pm UTC| Sports Economy
South Koreas sporting business sector suffered a 44.8 trillion-won drop in consumer spending from January 2020-June 2021 due to the COVID-19 pandemic, according to the Ministry of Culture, Sports and Tourism. Overall,...
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