Nike permanently ditches Kyrie Irving as it cut ties over antisemitic comments
Dec 06, 2022 10:04 am UTC| Business Economy
Nike Inc. announced on Monday, Dec. 5, it has finally made the decision to sever its ties with the 30-year-old National Basketball Association player Kyrie Irving of the Brooklyn Nets. This means his contract with the...
PepsiCo bares plans to layoff workers from its corporate unit
Dec 06, 2022 09:48 am UTC| Business Economy
PepsiCo Inc. is reportedly planning job cuts that will affect hundreds of corporate employees. It will be removing hundreds of staff from its headquarters in North America. The job terminations were first reported by...
Samsung Electronics welcomes the appointment of the first female president in the company
Dec 06, 2022 09:32 am UTC| Business Economy
Samsung Electronics announced the appointment of its very first female president, as its chairman Lee Jae Yong is, strongly intending to break the glass ceiling in the organization. The new female president was revealed...
Kimchi US exports hit a record high this year as the popularity of K-food spikes
Dec 06, 2022 09:21 am UTC| Business Economy
Kimchi, the favorite side dish of Koreans, is getting more popular as the interest in it continues to grow around the world. The popularity was also attributed to the boom in K-food, leading to the spike in demand in the...
POSCO Chemical signs six-year battery supply deal with GM-LG Ultium Cells joint venture
Dec 06, 2022 07:44 am UTC| Business Economy
POSCO Chemical inked a six-year deal with Ultium Cells LLC, the US-based company that was established via the joint venture between General Motors and LG Energy Solution. The contract is for the supply of synthetic...
Dec 06, 2022 07:30 am UTC| Business Economy
Apple, the maker of iPhones, is reportedly considering moving to either Vietnam or India as the workers protest in China continues to escalate. Riots broke out due to the zero-COVID policies at the iPhone factory in the...
AT&T agrees to $6M penalty for SEC lawsuit settlement over information disclosure to analysts
Dec 06, 2022 06:50 am UTC| Business Economy
ATT Inc. is set to pay a $6.25 million penalty to the U.S. Securities and Exchange Commission as it agreed to settle its lawsuit case over alleged selective leakage of financial information to analysts at Wall...
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