Ben & Jerry's, Unilever conflict intensifies after freezing salaries of directors
Aug 04, 2022 07:56 am UTC| Business Economy
Ben Jerrys, the American company that manufactures ice cream, frozen yoghurt, and sorbet, is in conflict with its parent company, Unilever, over the sale of its business in Israel. It was reported that the dispute...
Walmart announces job cuts for corporate staff after lowering profit forecast
Aug 04, 2022 07:32 am UTC| Business Economy
Walmart Inc. is set to lay off some of its corporate employees, and this will affect around 200 people. The announcement comes not long after the company issued a profit warning by lowering its earnings...
Inflation isn't the 6.1% they say it is – for many of us, it is much lower
Aug 04, 2022 04:46 am UTC| Economy
We learnt last week inflation is officially 6.1% way above the average over the past 20 years of 2.5%. This is right in the middle of the Reserve Banks 2-3% target band. But although the rate is now 6.1%, not everybody...
SK Bioscience seeks approval for its SKY Covione COVID vaccine in Europe
Aug 03, 2022 11:23 am UTC| Health Economy Business
SK Bioscience has applied for conditional approval for the use of SKY Covione, a COVID-19 vaccine, with the European Medicines Agency (EMA). SKY Covione, developed jointly by the biotech affiliate of SK Group and the...
Asahi Beer abolishes 'image girl' spokesmodel position
Aug 03, 2022 11:03 am UTC| Life Economy Business
Asahi abolished the image girl spokesmodel position, which formed part of its marketing strategy, without clarifying the reasons. In 2021, when the pandemic protocols and social distancing recommendations were making...
Estee Lauder reportedly in talks to acquire Tom Ford for $3B or more
Aug 03, 2022 10:07 am UTC| Business Economy
Estee Lauder is said to be in discussion to buy Tom Ford, a luxury fashion house founded by designer Tom Ford in 2005. The deal could be worth $3 billion or more, according to people who are familiar with the...
Innoviz announces securing new Volkswagen contract worth $4B
Aug 03, 2022 10:03 am UTC| Business Economy
Innoviz Technologies Inc., an Israeli lidar maker, revealed on Tuesday, Aug. 2, that it was able to secure a $4 billion contract with Volkswagens autonomous driving unit. The deal makes Innoviz as the supplier of lidar...
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