Samsung teaming up with rival LG for TV production
Dec 28, 2021 09:20 am UTC| Business Economy
Samsung Electronics has always been rivals with LG Electronics, whether it is for smartphones or home appliances. The Lee Byung Chul-founded electronics company headquartered in the Yeongtong District of Suwon is...
Hotel Lotte is acquiring Kimpton Hotel Monaco Chicago in the US
Dec 28, 2021 08:36 am UTC| Business Economy
Hotel Lotte, the luxury hotel unit of the Lotte Group, a South Korean retail company, is buying the Kimpton Hotel Chicago, a 4-star hotel in the U.S., to expand its hotel network in America. It also seeks to acquire this...
Apple shuts stores in New York City stores due to COVID cases surge
Dec 28, 2021 08:11 am UTC| Business Economy
Apple announced on Monday, Dec. 27, that it has ordered the closure of its retail stores in New York as the number of COVID cases continues to rise. Then again, customers who purchased items online are allowed to pick...
Edison Motors may complete SsangYong merger and acquisition deal this week: Report
Dec 28, 2021 06:00 am UTC| Business Economy
Edison Motors is acquiring SsangYong Motor, the South Korea-based automobile manufacturer that has gone bankrupt, and it was reported that the deal may be completed this week. Sources stated that the merger is likely to be...
Binance fined $750K in Turkey for failure to comply with anti-money laundering policies
Dec 28, 2021 05:29 am UTC| Business Economy
The Turkey unit of Binance was slapped with a hefty fine after the countrys Financial Crimes Investigation Board (MASAK) found it guilty of violating the AML Law or the Prevention of Laundering Proceeds of Crime...
Russia fines Google $98 million while penalizing Facebook $27 million
Dec 27, 2021 23:18 pm UTC| Law Technology Economy
A Russian court fined Google nearly $$98.4 million while also slapping Facebooks parent company Meta with a $27.2 million fine for failing to delete content banned by local law. The Tagansky District Court said that...
Coca-Cola renews partnership with Plastic Bank in collecting ocean-bound plastic waste
Dec 27, 2021 23:18 pm UTC| Nature Economy Business
Coca-Cola and Plastic Bank have renewed their partnership that started in September 2020 that has collected 102,604 kilos of ocean-bound plastic. Plastic Bank has diverted the collected plastic to better use through...
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