JPMorgan widens banking biz in South Korea by setting up new unit
Oct 15, 2021 07:07 am UTC| Business Economy
JPMorgan Chase is expanding its commercial banking business in South Korea with the launch of a new division for financing mid-capitalization (midcap) companies. The move was announced on Thursday, Oct. 14. JP Morgan...
Microsoft announces closure of LinkedIn in China
Oct 15, 2021 06:17 am UTC| Business Economy
Microsoft is set to shut down the Chinese version of LinkedIn. The Redmond, Washington, headquartered tech company made the announcement on Thursday, Oct. 14. Microsoft said it will be taking down LinkedIn in China but...
France probes Nestlé, 100 other firms over bisphenol-A use
Oct 14, 2021 23:53 pm UTC| Science Economy
The French government is investigating 101 companies, including Nestlé, for not disclosing their use of bisphenol-A in food packaging. In its statement of objections, Frances competition authority accused the 101...
Nippon Steel sues Toyota, Baoshan for $352 million for infringing steel sheet patents
Oct 14, 2021 23:53 pm UTC| Law Economy Business
Nippon Steel Corp. sued Toyota Motor Corp. and Baoshan Iron Steel Co. (Baosteel) for $352 million in damages for patent infringement at a Tokyo District Court. According to Nippon Steel, it is seeking $176 million in...
Chanel Korea limits purchases to one bag per year to curb resales
Oct 14, 2021 23:52 pm UTC| Life Economy Business
Chanel Korea has applied the one bag per person per year on its Timeless Classic flap bag, Coco Handle handbag, and small leather goods, mainly wallets, and pouches, to curb resales. The was an increasing number of...
F1 to develop new entertainment model for Chinese racing fans
Oct 14, 2021 23:51 pm UTC| Sports Business Economy
Formula One inked a multi-year partnership with marketing and advertising agency Virtual Real Management (VRM) to develop a new entertainment model for Chinese fans. The events they would offer will take place both and...
LA Lakers makes Germany's DWS its second global partner after S. Korea's Bibigo
Oct 14, 2021 23:16 pm UTC| Sports Business Economy
The NBAs Los Angeles Lakers have inked a second global sponsorship deal with German asset management company DWS after signing a five-year jersey patch deal with South Korean food company Bibigo. The multi-year...
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