Norwegian Cruise Line ordered to pay $110 million in damages for using Cuban port
Dec 31, 2022 22:47 pm UTC| Law Economy Business
Norwegian Cruise Line had been asked by US District Judge Beth Bloom to pay 109,848,747.87 in damages plus $3 million in legal fees and costs to Havana Docks Corporation for using a Cuban port. Judge Blooms decision...
Volvo Cars now fully owns software development subsidiary Zenseact
Dec 31, 2022 22:34 pm UTC| Economy Business
Volvo Car AB had acquired 13.5 percent of its autonomous driving (AD) software development subsidiary Zenseact from ECARX, to make it the AD software company a fully owned subsidiary of the Swedish automaker. According...
Hong Kong’s Link to acquire Singapore real estate assets
Dec 31, 2022 21:11 pm UTC| Life Economy Business
Hong Kong real estate giant Link Reit is acquiring two Singaporean retail developments, Jurong Point and Swing By @ Thomson Plaza, for US$1.6 billion. Upon the transactions completion with the seller, Mercatus...
McDonald’s shutting in Bosnia and Herzegovina due to license woes
Dec 31, 2022 21:09 pm UTC| Economy Business Life
McDonalds stopped operating in Bosnia and Herzegovina last night and will keep its restaurants in the country closed until further notice due to license issues. The global fast food chain had its three restaurants in...
McDonald’s update on antibiotics policy hit as weaker approach
Dec 31, 2022 21:03 pm UTC| Health Economy Business
McDonalds Corp. has finally updated its antibiotics policy that calls for reduced antibiotic usage after a two-year delay. The fast-food giants new policy revealed in Decemebr follows guidelines set out by the World...
KOSPI down 24.9% in 2022 amid monetary policy tightening, recession
Dec 31, 2022 19:01 pm UTC| Economy Business
South Korean stocks ended the year 2022 down 24.9 percent to mark its first annual loss in four years due to global monetary tightening and economic recession woes. The benchmark Korea Composite Stock Price Index...
LG developing appliances using sleep analytics technology
Dec 31, 2022 18:13 pm UTC| Health Technology Economy Business
LG Electronics Inc. has collaborated with sleep-tracking software startup, Asleep, to develop smart home appliances that utilize sleep analytics technology. Under its memorandum of understanding with Asleep, LG will...
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