S. Korean businesses wary of double taxation due to EU, US carbon border taxes
Aug 02, 2021 23:58 pm UTC| Economy Business
South Koreas businesses complained that the EUs carbon border tax would lead to unfair double taxation as the country has already adopted its cap-and-trade system. The Federation of Korean Industries (FKI), which...
Facebook set to release Ray-Ban smart glasses
Aug 02, 2021 10:04 am UTC| Business Economy
Facebook revealed it will be releasing its Ray-Ban smart glasses, and this is part of the tech firms preparation for the metaverse, a collective virtual shared space including the entire internet and virtual worlds that...
Pizza Hut enters the fashion business with its streetwear collection
Aug 02, 2021 09:45 am UTC| Business Economy
Pizza Hut is getting into fashion, and as a start, it already released its new streetwear collection last week. The American pizza chain is selling clothing items and merchandise under the label called the Pizza Hut...
Namyang lambaste for takeover delay; Hahn & Co. may sue the company for postponing acquisition deal
Aug 02, 2021 06:36 am UTC| Business Economy
Namyang Dairy Products is being criticized again and this time, for delaying the takeover of the company. The companys largest shareholder and owner, Hong Won Sik, and his family were slammed for suddenly attempting to...
Animal welfare law expected to cut California's pork supply, increase its bacon prices
Jul 31, 2021 23:57 pm UTC| Law Economy
Only four percent of US hog producers say they can comply with an animal welfare law to be enforced by California in 2022 that requires more space for breeding pigs, potentially cutting off the states pork supply. If...
Amazon sales growth falls short of analysts' forecast as Bezos exits as CEO
Jul 31, 2021 23:57 pm UTC| Economy Business
Amazon posted $113.1 billion in revenue during the three months ended June 30, falling short of the $115.2 billion analysts had expected. While figures for the second quarter, the final with Jeff Bezos as CEO, is a 27...
Amazon fined record-breaking $887 million by EU over privacy law breach
Jul 31, 2021 23:56 pm UTC| Law Economy
Amazon faces a record-breaking $887 million (746 million) fine for violating the EUs signature privacy law, known as General Data Protection Regulation (GDPR), in an advertising-related decision. The fine was the...
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