
S. Korea to import more eggs this month to stabilize prices
Apr 24, 2021 14:38 pm UTC| Economy Business
South Korea plans to import 40 million eggs in April, up from the initially planned imports of 25 million, to help stabilize rising egg prices caused by the bird flu outbreak. The Ministry of Economy and Finance said it...

Honda vows to exclusively make emissions-free vehicles by 2040
Apr 24, 2021 14:24 pm UTC| Business Economy
Honda vowed to exclusively sell battery-electric vehicles and fuel cell electric vehicles by 2040 in its three major markets of North America, China and Japan, said its CEO, Toshihiro Mibe. While the Japanese automaker...

ADM opens plant-based lab in Singapore
Apr 24, 2021 10:10 am UTC| Business Economy
ADM has opened a plant-based innovation lab in its Biopolis research hub in Singapore to develop plant-based products, tailor-made for the Asian consumer palate. It will be staffed by a combination of experts in...

S. Korean exporters warned of rising ocean freight rates
Apr 24, 2021 09:58 am UTC| Business
Export-reliant South Korean firms were warned to come up with diverse ways to cut down on their logistics costs as ocean freight charges continue to rise, warns the Institute for International Trade. The industry is...

Taco Bell is testing a new meat alternative
Apr 23, 2021 15:36 pm UTC| Business
Taco Bell is testing a meat alternative dubbed the Cravetarian Taco that includes a boldly seasoned protein made from peas and chickpeas. The taco chain is also set to launch new offerings featuring Beyond Meat. The...

Mattel posts record 47% quarterly sales jump as more parents buy Barbie dolls, Hot Wheels
Apr 23, 2021 15:26 pm UTC| Business Economy
Mattel Inc posted a record 47 percent jump in first quarterly sales to $874.2 million as Americans bought more Barbie dolls and Hot Wheels cars to keep kids entertained during the pandemic. Sales are usually slow during...

Nestlé pushes net sales up 7.7% amid robust coffee demand
Apr 23, 2021 12:05 pm UTC| Business
Nestlé posted a first-quarter net sales of CHF 21.09 billion, up 7.7 percent from CHF 20.8 billion ($22.7 billion)at the same time last year, driven by robust coffee sales and a gradual recovery in out-of-home...