IKEA issues price increase as predicaments on supply chain continues
Dec 31, 2021 08:39 am UTC| Business Economy
IKEA, the global furniture retailer, has raised its prices due to the increasing cost of raw materials and transport. The company is imposing an average price increase of nine percent and this was announced on Thursday,...
McDonald's Singapore launches Peri Peri Mcshaker fries
Dec 31, 2021 08:09 am UTC| Business Economy
McDonalds Singapore just introduced something new before the new year arrives. The fast-food chain offered the mala-flavored McShaker fries last year, and this year, it is bringing in a new fries flavor which is the Peri...
Apple gives out $180,000 bonuses to prevent engineers from being recruited by Meta
Dec 31, 2021 08:03 am UTC| Business Economy
Apple is said to be distributing huge bonus payouts to some of its top engineers in an effort to prevent them from leaving and jumping over to another tech company such as Meta. The iPhone makers valued engineers were said...
Tesla issues recall on 475,000 Model 4, Model S vehicles over safety issues
Dec 31, 2021 07:01 am UTC| Business Economy
Tesla is recalling around 475,000 electric vehicles and cited technical issues that may increase the risk of road accidents. It was reported that there are separate recalls for the Tesla Model 3 and Model S and they have...
Hyundai Oilbank to export 3.6 million barrels of gasoline and diesel per year to Hawaii
Dec 30, 2021 23:22 pm UTC| Economy Business
Hyundai Oilbank will export 3.6 million barrels of gasoline and diesel per year to Hawaii beginning next year under a long-term contract, which it expects to serve as a bridgehead for expanding its business in the US...
SK to expand AI semiconductor business under new business unit Sapeon Korea
Dec 30, 2021 23:22 pm UTC| Economy Business Technology
SK Telecom is now seeking to expand its AI semiconductor business by spinning off its business unit into a new entity named Sapeon Korea in January 2022. Sapeon Korea will coordinate with SK Hynix in memory-related...
LG Chem to put up ₩475 billion cathode materials plant in S. Korea
Dec 30, 2021 23:22 pm UTC| Economy Business
LG Chem Ltd. will invest 475.4 billion won in a plant to produce 60,000 tons a year of cathode materials and create 187 jobs for the next three years, according to the Ministry of Trade, Industry and Energy said in a...
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