Starbucks leaving Russia for good, 130 cafes set to officially shut
May 24, 2022 08:34 am UTC| Business Economy
Starbucks Corp. announced on Monday, May 23, that it is officially leaving Russia after suspending its business in March due to the ongoing war in Ukraine that was started by Russia. The coffee chain will be closing its...
Nestle acquires Brazilian Puravida health food brand
May 24, 2022 08:06 am UTC| Business Economy
Nestle SA announced on Monday, May 23, that its Nestle Health Science division has acquired Puravida, an organic, natural, plant-based food manufacturer based in Brazil. The Swiss food company said that its NHSc unit...
Adidas, Balenciaga confirm partnership for 2023 Spring fashion collection
May 24, 2022 07:12 am UTC| Business Economy
Adidas Originals and Balenciaga were previously rumored to be collaborating for a fashion collection, and now they are confirming their partnership. The companies have teamed up, and this also marked the formers venture...
Lotte to withdraw from China and redirect focus on Southeast Asian markets
May 24, 2022 06:25 am UTC| Business Economy
Lotte said it made the decision to pull out of China and will be focusing on the Southeast Asian markets from now on. The fifth-largest chaebol in South Korea cited continued retaliation against Korean companies and...
SK ecoplant acquires 30% stake in Malaysia’s Cenviro
May 24, 2022 06:12 am UTC| Business Economy
SK ecoplant, SK Groups engineering, and construction division, purchased a 30% stake in Cenviro, a Malaysian state-owned and operated waste management company, as part of its business strategy to expand its environmental...
Arby's finally putting a hamburger on its menu
May 24, 2022 00:27 am UTC| Life Economy Business
Arbys is finally adding a burger to the menu for the first time in their 58-year history, using Wagyu beef for a new limited-edition Wagyu Steakhouse Burger. While Arbys has sold plenty of premium Angus beef sandwiches,...
Nissan, Mitsubishi to release ultra-small EV
May 24, 2022 00:21 am UTC| Economy Business Life
Nissan Motor Co. and Mitsubishi Motors Corp. will release an ultra-small electric vehicle this summer, which can be as affordable as its gasoline-powered counterparts at 1.5 million yen. The metropolitan governments...
Gabon: post-coup dialogue has mapped out path to democracy – now military leaders must act
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects