Vietnam’s Nike, Adidas shoemaker to cut 6,000 jobs due to poor demand
Feb 20, 2023 23:29 pm UTC| Economy Business Life Sports
PouYuen Vietnam will lay off 3,000 factory workers and not renew the 3,000 contracts due to very few production orders in 2023 caused by a sigificant drop in worldwide purchasing power, according to Vietnams labor...
Starbucks Korea to sell Americano at original price
Feb 20, 2023 23:23 pm UTC| Economy Business Life
Starbucks Korea will offer its signature product, the Americano, at its original price for a limited period to celebrate its growing customer loyalty program, which surpassed 10 million in January this year. Customers...
S. Korea's Bhc Chicken expands in North America
Feb 20, 2023 23:20 pm UTC| Economy Business Life
Bhc Group, South Koreas largest chicken franchise by sales, has opened its first restaurant in North America as part of its overseas expansion. Located on Fairfax Avenue in Los Angeles, the new Bhc Chicken restaurant...
Temu surpasses Amazon, Walmart, Target as most downloaded app in US
Feb 19, 2023 23:53 pm UTC| Technology Life Economy Business
Boston-based Temu, a new online retailer linked to Pinduoduo, has quickly surpassed Amazon and Walmart as the most downloaded app in the United States. Temu, which shares the same owner as Chinese social commerce giant...
Cuervo maker Becle expects more tequila sales in US, Canada this year
Feb 19, 2023 23:50 pm UTC| Economy Business Life
Mexican distiller Becle, Jose Cuervos parent company, forecasts further sales growth in 2023, with an expected increase by mid single-digit in the volume of spirits sold across North America. Total sales to grow by high...
Adidas' profit warning leads to Moody's credit rating cut to A3
Feb 19, 2023 23:47 pm UTC| Sports Life Economy Business
Moodys dowgraded Adidas long-term issuer rating from A2 to A3 due to the companys recent profit warning. Theres a possibility of a further downgrade as it maintained a negative outlook on the sportswear maker. On...
EU: Korean Air-Asiana deal may hurt competition
Feb 18, 2023 23:16 pm UTC| Economy Business Life
EU antitrust regulators are investigating Korean Air Lines bid for Asiana Airlines as it could reduce competition in passenger and air cargo transport services between Europe and South Korea. The two South Korean...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
Labour can afford to be far more ambitious with its economic policies – voters are on board
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects