Millennium Hilton Seoul to close after 40 years of operations

Dec 30, 2022 23:07 pm UTC| Life Economy Business

The Millennium Hilton Seoul hotel will permanently close Saturday after 40 years since it opened. In a notice on its official website, the hotel chain said it will close down all operations by the last day of 2022 and...

S. Korean scientists develop environment-friendly technology to produce hydrogen peroxide with solar energy

Dec 30, 2022 23:04 pm UTC| Science Nature Economy Business

The Korea Institute of Science and Technology has developed a technology that uses photovoltaic energy for producing hydrogen peroxide, replacing a thermochemical process that requires high energy and creates environmental...

Earth Island Institute appealing greenwashing case won by Coca-Cola

Dec 30, 2022 23:00 pm UTC| Law Nature Economy Business

Earth Island Institute is appealing the Superior Court for the District of Columbias decision that Coca-Colas environmental statements werent misleading to consumers. The lawsuit took issue with the beverage giants...

MBK acquires Medit digital dental solution firm in a $2B deal

Dec 30, 2022 11:20 am UTC| Business Economy

MBK Partners finally signed the deal for the acquisition of Medit Corp., a South Korean dental scanner manufacturer and solutions company. The agreement is valued at $2 billion. This will be MBK Partners first massive...

McDonald's, Beyond Meat collaborate to launch Double McPlant in fulfillment of high customers demand

Dec 30, 2022 11:07 am UTC| Business Economy

McDonalds and Beyond Meat have teamed up again to rollout Double McPlant in the United Kingdom and Ireland. The fast-food chain introduced the McPlant burger with a single patty, and they are widely available in the said...

Open banking is coming to New Zealand – here’s what we can learn from countries already doing it

Dec 30, 2022 10:24 am UTC| Business

Traditional banks in New Zealand have long served as gatekeepers of customers data. This is about to change with the arrival of whats called open banking, set to arrive in New Zealand by 2024. In essence, open banking...

Digital Currency Revolution

Cryptocurrency: Kraken crypto exchange shuts down operations in Japan

Dec 30, 2022 08:27 am UTC| Business Digital Currency Investing

Kraken announced it would halt its operations in Japan following global layoffs. The US-based digital currency exchange cited the current Japanese market conditions and the frail crypto market around the world as the main...