S. Korean tax agency ordered to refund ₩11.3 billion to Samsung over Microsoft patent deal

Mar 21, 2022 17:01 pm UTC| Law Business Economy

South Koreas Supreme Court has ordered tax authorities to refund Samsung Electronics Co. 11.3 billion won in undue corporate taxes from a former patent deal with Microsoft Corp. South Korean tax officials purported that...

Debt repayment in roubles, a possible economic counterattack for Russia?

Mar 21, 2022 15:25 pm UTC| Economy

The Russian response to Western sanctions took a rather original form on Monday 7 March: to draw up a list of hostile countries and to authorise Russian individuals and companies to repay their debts in roubles, despite...

Battered but not broken: how global trade is responding to Russia’s invasion of Ukraine

Mar 21, 2022 15:20 pm UTC| Economy

Russias first McDonalds store in opened in 1990, just months after the fall of the Berlin Wall. It was a potent symbol that the Cold War was ending and a great ideological wound healing. Now every McDonalds in Russia is...

The West thinks that Russians, suffering from sanctions, will end up abandoning Putin – but history indicates they won't

Mar 21, 2022 15:16 pm UTC| Economy

While Russia is leading a merciless war in Ukraine that has resulted in millions of Ukrainian refugees fleeing to neighboring countries, Western brands are on the exodus from Russia. The closure of over 800 McDonalds...

Russia's energy clout doesn't just come from oil and gas – it's also a key nuclear supplier

Mar 21, 2022 15:16 pm UTC| Economy

As Western nations look for ways to reduce their reliance on Russian oil and gas, another aspect of the Ukraine crisis has received less attention: Most of the 32 countries that use nuclear power rely on Russia for some...

McDonald's to bring back its Szechuan sauce beginning March 31

Mar 21, 2022 12:44 pm UTC| Economy Business Life

McDonalds is bringing back its fan-favorite condiment Szechuan sauce starting March 31 exclusively through its app for a limited time. Fans will be able to select it to accompany their Chicken McNuggets or purchase up...

Energy bills are spiking after the Russian invasion. We should have doubled-down on renewables years ago

Mar 21, 2022 12:39 pm UTC| Economy

Russias invasion of Ukraine is happening half a planet away from Australia. But the ripple effects are plain to see at every petrol station and, potentially soon, your electricity bill. As a result of the invasion...