Woori Bank to support several rising startups with its $7.7M investment scheme

Aug 08, 2022 08:56 am UTC| Business Economy

Woori Bank is reportedly investing in promising startup companies and will pick 10 through a competition. The South Korean banking company based in Seoul will be spending KRW10 billion or around $7.7 million to support...

Amazon acquires iRobot Roomba-maker for $1.7B

Aug 08, 2022 08:40 am UTC| Business Economy

Amazon Inc. is acquiring iRobot, an American technology company that designs and builds consumer robots. It was reported that the deal involves an all-cash agreement worth around $1.7 billion, and this was announced on...

Elon Musk: Twitter acquisition deal may proceed for this condition

Aug 08, 2022 08:36 am UTC| Business Economy

Elon Musk may proceed with the plan of buying Twitter, but he has a condition. Through social media posts, the 51-year-old billionaire said that if the San Francisco, California headquartered social networking company can...

Inflation: why it's happening and why interest rates are going up to combat it

Aug 08, 2022 05:46 am UTC| Economy

Soaring prices have forced central banks in many developed countries to raise their interest rates in recent weeks. These organisations are in charge of attempts to rein in rising costs that are threatening to wreak havoc...

Global Geopolitics Series

The US is revisiting its trade relations with African countries: key issues on the table

Aug 08, 2022 05:43 am UTC| Economy

Last year, the USs Biden administration announced plans to increase two-way trade and investment between the US and Africa. The starting point was a revamp of the Trump-era Prosper Africa initiative. As American secretary...

Kellogg's posts 8.7% net sales growth in Q2

Aug 07, 2022 23:58 pm UTC| Life Economy Business

Kellogg Company posted an 8.7 percent net sales growth to $3.86 billion in the second quarter, driven by positive price/mix and momentum in snacks, noodles, and cereal. The companys reported operating profit fell by...

Mercedes F1 eyes net zero CO2 emissions by 2030

Aug 07, 2022 23:49 pm UTC| Sports Nature Economy Business

The Mercedes Formula One team exceeded its goal to cut CO2 emissions by 50 percent over the last year and is on track to achieve a verified net zero by 2030. The targets are to achieve a 100 percent reduction in scope...