Jul 13, 2021 08:29 am UTC| Business Economy
Tencent Music is reportedly facing a hefty fine and may lose its exclusive rights to its own music label. According to sources, Chinas anti-trust regulators are likely to order the company to release its rights to its...
Microsoft acquiring RiskIQ as threats on cybersecurity escalates
Jul 13, 2021 07:26 am UTC| Business Economy
Microsoft revealed on Monday, July 12, that it will acquire RiskIQ, a cyber security company based in San Francisco, California. The announcement comes as ransomware and cyber attacks have become rampant...
ByteDance reportedly drops IPO plans after meetings with Chinese regulators
Jul 13, 2021 06:09 am UTC| Business Economy
ByteDance Ltd., the parent company of TikTok, reportedly halted its plans to go public and list offshore. The Dow Jones reported that the plan was indefinitely scrapped earlier this year after the firm was told to tackle...
Hyundai, Kia to develop electrolysis system for green hydrogen production with Canadian firm
Jul 13, 2021 00:14 am UTC| Economy Nature
Hyundai Motor Co. and its affiliate Kia Corp. would jointly develop and commercialize a water electrolysis system for green hydrogen production with Canadian electrolyzers manufacturer Next Hydrogen Solutions Inc. Under...
Hyundai Steel, POSCO demand 64% price hike for ship steel plates
Jul 13, 2021 00:09 am UTC| Economy Business
South Koreas largest steelmakers, POSCO and Hyundai Steel Co. are demanding that the ship steel plate prices be increased to 1.15 million won per ton in the second half, up 64 percent from 700,000 won in the first...
Tokyo's Akasaka Excel Hotel apologizes for 'Japanese only' elevator sign
Jul 12, 2021 23:57 pm UTC| Economy Business
Akasaka Excel Hotel Tokyu in downtown Tokyo has apologized and removed signs reading Japanese only and foreigners only from elevators after it sparked outrage on social media ahead of the 2021 Summer Olympics. The signs...
SsangYong workers begin taking unpaid leave in self-rescue attempt
Jul 12, 2021 23:54 pm UTC| Economy Business
SsangYong Motor Co. employees have begun taking rotational unpaid leaves as part of self-help measures. The two-year rotational unpaid leave, which is an extension of a wage cut and suspended welfare benefits until June...
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