Intel investing additional $600 million for its chip plant in Israel
May 03, 2021 08:39 am UTC| Business Economy
Intel Corp. revealed on Sunday, April 2, that it will be spending $600 million for its chip plant in Israel. The company is investing more as it would like to expand its research and development (RD) division in the said...
Verizon may sell assets including Yahoo to Apollo for $4 to $5 billion
May 03, 2021 07:35 am UTC| Business Economy
Verizon and Apollo Global Management are said to be close to sealing a deal for the sale of the formers media assets that include Yahoo and AOL. The deal may be worth $4 to $5 billion. Once it successfully sold its...
Apple to face Epic Games in court for one serious legal battle
May 03, 2021 06:37 am UTC| Business Economy
Apple will be in court to answer the charges leveled against it by Epic Games. The iPhone maker is facing one of its most serious legal battles in years, and the trial is starting now. The said court trial is said to be...
McDonald’s UK removing five items from the menu and replacing them with new ones
May 03, 2021 05:26 am UTC| Business Economy
McDonalds UK announced the addition of five new items to the menu, and these will be available starting next week. There will be big changes in the menu lineup this month, and customers will see new food items in...
Posco sets up new entity in Poland to recycle LG batteries
May 01, 2021 16:08 pm UTC| Economy Business
Steelmaker Posco has set up an entity in Poland and will launch another one in Gwangyang, South Jeolla Province in South Korea to recycle LG Energy Solutions electric vehicle batteries. The entity in Poland will collect...
S. Korea's restaurants more confident in business environment in Q1
Apr 30, 2021 15:25 pm UTC| Economy Business
South Korean restaurants business sentiment rebounded in the first quarter, scoring 67.26 in the business survey index (BSI), up 7.5 points from a year earlier, according to the Korea Agro-Fisheries Food Trade...
McDonald's revenue soars 9% in Q1 helped by drive-thru and delivery services
Apr 30, 2021 15:19 pm UTC| Business Economy
McDonalds revenue jumped 9 percent to $5.1 billion in the first quarter, surpassing 2019s first-quarter sales of $4.95 billion, long before the pandemic broadsided the country. A bounce back for McDonalds from the first...
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