Biden addressing computer chip shortage via executive order
Feb 24, 2021 23:37 pm UTC| Economy Politics
US President Joe Biden will sign an executive order addressing a global semiconductor chip shortage that has forced US automakers and other manufacturers to cut production. Biden will also discuss the chip shortage...
Best Buy is giving bonuses to employees amid impending layoffs
Feb 24, 2021 09:24 am UTC| Business Economy
Best Buy will be giving out bonuses or extra pay to its workers, and this was revealed this week. The American multinational consumer electronics retailer will pay pandemic-related benefits to employees with hourly...
Facebook restoring Australian news pages after scrapping the ban following an amicable agreement
Feb 24, 2021 08:17 am UTC| Business Economy
Facebook announced it would be restoring the Australian news pages that it blocked on Monday, Feb.22. The decision resulted from the talks between Mark Zuckerberg and the Australian officials. Australians revised the...
Toshiba to collaborate with GE in producing wind power equipment
Feb 24, 2021 00:53 am UTC| Economy Technology
Toshiba Corp is in talks with US-based General Electric Co to jointly produce offshore wind power generation equipment, with a tie-up expected to be reached next month. The negotiations focused on the joint production...
Samsung Heavy agrees to $149 million settlement in Brazil over bribery probe
Feb 24, 2021 00:37 am UTC| Economy Technology
Samsung Heavy Industries Co. has agreed to pay US$149 million in a leniency settlement with Brazilian state prosecutors and auditors over a graft probe surrounding the companys drillship orders. The company settled with...
LG: Vingroup failed to acquire LG mobile's business as talks crumbled
Feb 23, 2021 07:59 am UTC| Business Economy
LG Electronics was trying to sell its smartphone plants to Vingroup, a Vietnamese conglomerate, but the talks failed. It was reported that the main reason for the collapse of the negotiations was the price. LG and...
Boeing 777 barred from entering the UK airspace
Feb 23, 2021 07:38 am UTC| Business Economy
Britain barred Boeing 777s from entering the UK airspace following the aircraft models accident in Denver, Colorado. Last weekend, United Airlines flight UA328 was heading to Honolulu, Hawaii, when the planes engine caught...
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