
BMW, Volkswagen, Audi fined $1B by EU over emissions cartel
Jul 09, 2021 05:59 am UTC| Business Economy
BMW and Volkswagen are said to have been fined by the European Commission for conspiring to stop using the emissions cleaning technology they developed. Based on the reports, the German automakers had to pay $1 billion or...

Burger King president leaves as company lags behind rivals
Jul 09, 2021 01:06 am UTC| Business Economy
Burger King was belatedly reported to have lost its president, Chris Finazzo. He was said to have left the company a while ago. The departure of Burger King Americas president was only revealed through a federal filing...

Japan's Z Holdings to pay $1.6 billion for Yahoo brand
Jul 08, 2021 23:52 pm UTC| Economy Business
Z Holdings Inc agreed to buy the rights to the Yahoo name in Japan $1.6 billion to replace an existing licensing agreement. The deal follows the $5 billion sales of Verizon Communications Inc.s media division, which...

S. Korea's blockchain companies urged to develop attractive services to lure customers
Jul 08, 2021 23:49 pm UTC| Economy Digital Currency Business
Blockchain companies were urged by a Busan bank official to develop attractive services to lure South Korean customers who are so used to using credit cards that they tend to ignore blockchain-based services. The urging...

S. Korean authorities uncover illegal 'kimchi premium' cryptocurrency transactions
Jul 08, 2021 23:47 pm UTC| Economy Digital Currency
Seoul Main Customs discovered unlawful foreign exchange dealings involving dozens of people taking advantage of the kimchi premium, a gap in domestic exchanges for cryptocurrency prices compared to foreign...

S. Korean President Moon, Dutch PM Rutte vow to bolster collaboration on chip production
Jul 08, 2021 23:45 pm UTC| Economy Business
South Korean President Moon Jae-in and Dutch Prime Minister Mark Rutte pledged to bolster cooperation on semiconductor production during a virtual summit. The two nations celebrate the 60th anniversary of bilateral ties...

UK probes takeover of its biggest chip plant by Chinese-owned firm
Jul 08, 2021 23:42 pm UTC| Economy Business
The UK national security advisor will examine Chinese-owned Nexperia NVs takeover of Welsh-based Newport Wafer Fab after lawmakers said it could threaten the countrys high-tech future. Newport Wafer Fab, the countrys...