TikTok steps up e-commerce biz with plans to open warehouses in the US
Oct 12, 2022 09:34 am UTC| Business Economy
TikTok is stepping up its game in the e-commerce market, and this was revealed after it posted a job recruitment announcement for a role that will support its new warehousing and logistics facilities in the United...
General Motors launches GM Energy to link homes, businesses with EV chargers and energy storage
Oct 12, 2022 09:12 am UTC| Business Economy
General Motors announced the launch of its new business, which it named GM Energy. The company created the new unit with the aim of connecting homes and businesses to EV chargers and energy storage. General Motors...
Intel to slash thousands of jobs as PC sales slowed down
Oct 12, 2022 08:08 am UTC| Business Economy
Intel Corporation is reportedly planning to lay off thousands of employees as sales of personal computers have significantly slowed down. The tech company headquartered in Santa Clara, California, may announce the job cuts...
Nissan withdraws from the Russian market as it decided to flee over the Ukraine invasion
Oct 12, 2022 07:01 am UTC| Business Economy
Nissan Motor Company Ltd. is leaving Russia, and this will mark the end of its business in the country. As the Japanese carmaker pulls out of the country, it will be selling all its assets to the state and is likely to...
Samsung Biologics inaugurates the largest biopharma CDMO plant in the world
Oct 12, 2022 06:49 am UTC| Business Economy
Samsung Biologics just opened the largest Contract Development and Manufacturing Organization (CDMO) plant in the world, and it is located in Incheon, South Korea. The biotech firm is now hoping that through its new...
Mercedes F1's profits increase by $61 million in 2021
Oct 11, 2022 23:39 pm UTC| Sports Economy Business
Mercedes Formula One team increased its profits by $61 million in 2021, based on its published accounts for the 2021 season. The Brackley-based team largely attributed the increase in turnover to higher sponsorship and...
Burger King in Germany found to have served out-of-date bacon, had mice infestations
Oct 11, 2022 23:38 pm UTC| Health Economy Business Life
Some Burger King restaurants in Germany have been shut down after they were found to have served out-of-date products, had mouse infestations, and cooked vegan patties in the same oil as chicken, according to a TV...
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