Hershey to expand BFY offering with acquisition of Lily's confectionery brand
May 20, 2021 01:02 am UTC| Economy Business
The Hershey Company is acquiring confectionery brand Lilys to add to its better-for-you (BFY) portfolio. Hersheys will finance the acquisition with cash on hand and short-term borrowings. Chuck Raup, President US...
E-mart is selling its retail store in Vietnam
May 19, 2021 10:30 am UTC| Business Economy
E-mart is reportedly giving up its business in Vietnam and in fact, it is already selling its retail store in the region. It was said that there is a prospective buyer now and it is a local company. Why E-mart was put...
Hyundai Motor: Workers' union slammed the carmaker for its investment plans in the U.S.
May 19, 2021 08:59 am UTC| Business Economy
Hyundai Motor recently revealed its plans to invest in the U.S. for the production of electric vehicles. The company said it would put in a $7.4 billion investment for the construction of a new facility so it can focus on...
IBM buys Waeg Salesforce Platinum Partner
May 19, 2021 08:28 am UTC| Business Economy
IBM made an announcement this week and it was related to its acquisition of Waeg, a leading Salesforce Platinum Consulting Partner that has offices around Europe. With the deal, the computer hardware company will be...
Lamborghini is shifting to electric motors, and every model will have this by 2024
May 19, 2021 07:32 am UTC| Business Economy
Lamborghini supercars will never be the same by the end of 2024 as the carmaker said that by that time, all of its vehicle models would have been fitted with electric motors. The Italian brand and manufacturer of luxury...
LG investing $100M for advanced AI research and development
May 19, 2021 06:59 am UTC| Business Economy
LG Group announced its plans for a new investment scheme earlier this week. The company stated that it will be putting in $100 million or around ₩120 billion over the next three years for the construction of advanced...
Hyundai Motor's EV ambitions plagued by parts shortage, union opposition
May 19, 2021 06:38 am UTC| Economy Business
Hyundai Motor Co.s ambitious plan of catching up with Tesla in electric vehicles could fizzle out this year due to delayed production, drying-up state subsidies, and a labor unions opposition to its massive investment in...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
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