Ghana and the IMF: debt restructuring must go hand-in-hand with managing finances better
Oct 11, 2022 04:28 am UTC| Economy
Ghana is struggling with managing its debt, 20-year high inflation, a weak currency, and rising inequality. For example, inflation rose to 33.9% in August 2022 from 9.7% a year earlier, while the cedi has depreciated by...
Oct 11, 2022 04:24 am UTC| Insights & Views Economy
Why have Diamond, Bernanke and Dybvig been awarded the prize? The works by Diamond and Dybvig essentially explained why banks exist and the role they play in the economy by channelling savings from individuals into...
Lotte Biologics allegedly stole Samsung’s trade secrets
Oct 10, 2022 10:04 am UTC| Business Economy
Lotte Biologics is reportedly accused of stealing the trade secrets of its rival, Samsung Biologics. A probe into the case was already launched by prosecutors, and officials will be especially checking into some of the...
Iwon Jeil Cha company that funded the construction of LEGOLAND Korea Resort declared bankruptcy
Oct 10, 2022 09:55 am UTC| Business Economy
Iwon Jeil Cha supported the development of Legoland Korea Resort by funding its construction. But unfortunately, now that the Disney attraction in South Korea is in operation, Iwon Jeil Cha was reported to have gone...
Rivian issues recall for almost all of its vehicle units over loose fastener
Oct 10, 2022 07:15 am UTC| Business Economy
Rivian, the Irvine, California-headquartered electric vehicle and automotive technology company, announced a recall for almost all of the pickup trucks it built. Based on the details that were posted by the U.S. National...
Oct 10, 2022 06:33 am UTC| Business Economy
Cathay Pacific Airways Ltd is the flag carrier of Hong Kong, and it is reportedly facing major staff shortages, which have never happened in a really long time. With the situation, the airline may not be able to handle the...
Elon Musk reveals PepsiCo is the first company to receive Tesla’s Semi trucks
Oct 10, 2022 06:19 am UTC| Business Economy
Teslas Semi Truck is ready to be delivered, and Elon Musk revealed that PepsiCo is the very first company to receive the long-delayed electric trucks. The beverage and snack manufacturer is set to get the very first batch...
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