Number of embezzlement cases related to crypto investment growing in S. Korea
Jun 07, 2022 23:20 pm UTC| Law Digital Currency Economy Business
Cases of employees in South Korea exploiting company funds to invest in cryptocurrencies have continued to pop up over the past couple of years. An unidentified accountant at a fashion manufacturing firm was sentenced...
Nike founder Phil Knight offers to buy Portland Trail Blazers for over $2 billion
Jun 07, 2022 23:12 pm UTC| Sports Economy Business
Nike founder Phil Knight has offered over US$2 billion to Paul Allen Trust for the purchase of the Portland Trail Blazers basketball team, according to a report by ESPN. The Portland-born billionaire stepped down as...
Netflix joins NBC, Amazon among suitors for F1’s US TV rights
Jun 07, 2022 23:07 pm UTC| Sports Economy Business
Netflix joined NBC and Amazon among bidders seeking to become Formula Ones US broadcast partner as the contract for the TV rights of global motorsport series with Disney-owned ESPN approaches its renewal date. ESPN,...
Peloton appoints former Amazon exec as its new CFO
Jun 07, 2022 10:15 am UTC| Business Economy
Peloton Interactive has appointed a new executive to be its chief financial officer. It was revealed that the exercise equipment and media firm hired the former executive at Amazon Web Services. According to CNBC,...
Newly-appointed GM Korea chief confronted with various company issues after taking over
Jun 07, 2022 10:06 am UTC| Business Economy
GM Korea appointed a new chief executive officer last month, and now he is facing various problems within the company, such as declining sales and labor disputes. The Korean unit of the Detroit, Michigan-headquartered...
Popeyes announces its return to S. Korea
Jun 07, 2022 09:39 am UTC| Business Economy
Popeyes fried chicken fast-food chain is returning to South Korea after its business was pulled out in the country in December 2020. Its parent company and operator, Restaurant Brands International (RBI), confirmed this...
Elon Musk halts Twitter buyout, threatens to abandon the deal
Jun 07, 2022 09:02 am UTC| Business Economy
Elon Musk has been pushing for the takeover of Twitter, but now it was reported that the deal is on hold. The 51-year-old billionaire was said to have suspended the deal and reportedly made a threat to cancel the purchase...
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