KT Telecom, Turk Telekom to collaborate in media content via partnership deal
Aug 08, 2022 09:33 am UTC| Business Economy
KT Telecom and Turk Telekom, a Turkish company, signed a partnership deal to work together in the area of media content. They are looking to foster collaboration for the said field through a private fifth-generation...
Eli Lilly pharma company to expand its HQ outside of Indiana due to abortion law
Aug 08, 2022 09:12 am UTC| Business Economy
Eli Lilly, the American pharmaceutical company headquartered in Indianapolis, Indiana, said it would expand its headquarters outside of its home state. The decision was mainly due to the abortion law that was recently...
Woori Bank to support several rising startups with its $7.7M investment scheme
Aug 08, 2022 08:56 am UTC| Business Economy
Woori Bank is reportedly investing in promising startup companies and will pick 10 through a competition. The South Korean banking company based in Seoul will be spending KRW10 billion or around $7.7 million to support...
Amazon acquires iRobot Roomba-maker for $1.7B
Aug 08, 2022 08:40 am UTC| Business Economy
Amazon Inc. is acquiring iRobot, an American technology company that designs and builds consumer robots. It was reported that the deal involves an all-cash agreement worth around $1.7 billion, and this was announced on...
Elon Musk: Twitter acquisition deal may proceed for this condition
Aug 08, 2022 08:36 am UTC| Business Economy
Elon Musk may proceed with the plan of buying Twitter, but he has a condition. Through social media posts, the 51-year-old billionaire said that if the San Francisco, California headquartered social networking company can...
Inflation: why it's happening and why interest rates are going up to combat it
Aug 08, 2022 05:46 am UTC| Economy
Soaring prices have forced central banks in many developed countries to raise their interest rates in recent weeks. These organisations are in charge of attempts to rein in rising costs that are threatening to wreak havoc...
The US is revisiting its trade relations with African countries: key issues on the table
Aug 08, 2022 05:43 am UTC| Economy
Last year, the USs Biden administration announced plans to increase two-way trade and investment between the US and Africa. The starting point was a revamp of the Trump-era Prosper Africa initiative. As American secretary...
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