Aug 13, 2021 23:25 pm UTC| Economy Investing
Korea Investment Corp. divested its entire of 2.9 million shares worth $221.5 million in Alibaba Group Holding during the second quarter of this year. The sovereign wealth fund also had mixed positions toward US-listed...
Cryptocurrency thief returns $260 million worth of Binance, Ethereum, Polygon
Aug 13, 2021 23:24 pm UTC| Digital Currency Economy
The hacker behind one of the largest cryptocurrency robberies has returned $260 million of the $600 million stolen assets from blockchain platform company Poly Network. Before the moneys return, Poly Network asked the...
Coca-Cola shutting down its Detroit plant in October
Aug 13, 2021 09:54 am UTC| Business Economy
Coca-Cola is moving out of Detroit, and apparently, it will be shutting down its facilities there. It was revealed that the companys plant will be closed in October. According to the Detroit Free Press, Coca-Cola is...
SsangYong Motor reportedly wants SM Group to be its new owner
Aug 13, 2021 09:52 am UTC| Business Economy
SsangYong Motor has been put up for sale after struggling to keep the business going. It did not receive many bids at first, but now, many companies have entered the race for its acquisition. It was recently revealed...
NH NongHyup Bank launches branch office in the U.K.
Aug 13, 2021 09:33 am UTC| Business Economy
NH NongHyup Bank announced on Thursday, Aug. 12, that it has opened an office in the capital of England and the United Kingdom. The South Korean agricultural bank headquartered in Jung-gu, Seoul, launched a branch in...
Adidas sold Reebok to Authentic Brand Group for $2.5 billion
Aug 13, 2021 08:27 am UTC| Business Economy
Adidas will be unloading Reebok by selling it to Authentic Brands Groups. However, it will not be getting back the entire investment it used when it acquired the Boston, Massachusetts-headquartered footwear and sportswear...
Celltrion’s COVID-19 treatment approved for emergency use in Brazil
Aug 13, 2021 07:24 am UTC| Business Economy
Celltrion, a South Korean pharmaceutical company, revealed on Thursday, Aug. 12, that it has received emergency approval from the government of Brazil for its COVID-19 antibody treatment. According to The Korea Herald,...
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