Samsung Electronics, workers reach wage agreement for the first time in over five decades
Aug 09, 2022 10:23 am UTC| Business Economy
Samsung Electronics and its union workers have finally reached a deal concerning salaries. It was reported that this is the very first wage agreement between the two parties in 53 years. The companys union and Samsung...
Tata Motors signs a $91M deal to buy Ford Motor’s plant in India
Aug 09, 2022 10:07 am UTC| Business Economy
Tata Motors Ltd. confirmed last weekend that it will be buying Ford Motors manufacturing factory in India. The company will be paying $91.5 million or about 7.26 billion rupees for the property. The Indian...
Whirlpool buys InSinkErator waste disposal biz from Emerson Electric for $3B
Aug 09, 2022 10:06 am UTC| Business Economy
Whirlpool Corporation announced that it is buying the Insinkerator waste disposal business from Emerson Electric Company. The company is investing $3 billion in this acquisition deal. As per Reuters, Whirlpool said on...
Carlyle announces surprising resignation of its CEO
Aug 09, 2022 09:38 am UTC| Business Economy
The Carlyle Group financial services company announced last weekend that its chief executive officer, Kewsong Lee, has resigned. It was an unexpected move because his contract is to lead the company as its chief for five...
Pfizer acquires Global Blood Therapeutics for $5.4B
Aug 09, 2022 09:15 am UTC| Business Economy
Pfizer inc., an American pharmaceutical and biotechnology firm headquartered in Manhattan, New York City, has agreed to buy Global Blood Therapeutics biotech company for $5.4 billion. The drugmaker will be paying $68.50 a...
Outlandish ketchup, mayo, soy sauce-flavored ice cream released in London
Aug 09, 2022 09:14 am UTC| Business Economy
A new kind of ice cream has been unveiled and offered to some people in London. This is not the typical sweetened frozen food that everyone gets for snack or dessert because they were made featuring the flavors of popular...
Balenciaga launches the world’s most expensive ‘garbage’ bag sold for $1,790
Aug 08, 2022 10:13 am UTC| Business Economy
Balenciaga, one of the luxury fashion houses today, just debuted its newest fashion item, which has now been dubbed the most expensive garbage bag in the world. The company created a buzz online after unveiling its Trash...
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