POSCO International assigns new CEO to lead the company

Dec 29, 2022 08:14 am UTC| Business Economy

POSCO International announced its appointment of a new chief executive officer this week. The South Korean trade firm named Jeong Tak as the leader and he is set to start working under his new title on Jan. 2. Along...

AMC chief Adam Aron asks board to freeze his 2023 salary as shares plummet

Dec 29, 2022 08:13 am UTC| Business Economy

AMC Entertainment Holdings chief executive officer, Adam Aron, made a request from the companys board this week. He asked the group to freeze his salary for 2023 and cited the sharp drop in share price as the...

United Airlines checking market demand before adding flights to China

Dec 28, 2022 22:45 pm UTC| Economy Business Life

United Airlines is evaluating the market demand and operating environment to determine when to resume additional flights to mainland China. China will stop requiring inbound travelers to go into quarantine beginning...

Japan retail sales boosted by tourism, up for 9th month

Dec 28, 2022 22:38 pm UTC| Economy Business Life

Japanese retail sales rose for a ninth straight month year-on-year in November as the lifting of Covid-19 border controls and the governments domestic travel subsidy helped consumer demand. But sales fell from October,...

Toyota's global production hits record high in November as supply crunch eases

Dec 28, 2022 22:13 pm UTC| Business Economy

Toyota Motor Corps global production for November rose 1.5 percent from a year earlier to a record high of 833,104 vehicles for that month marking an increase for the fourth straight month as the supply issue had...

US govt to probe Southwest Airlines over 'unacceptable' flight cancellations, delays

Dec 28, 2022 22:02 pm UTC| Business Economy Law

The US Transportation Department would investigate Southwest Airlines over a large number of canceled and delayed flights to determine if the airline had control over the situation. On Monday, Southwest canceled 2,886...

US FDA to weigh safety of cannabis compound CBD in food, supplements

Dec 28, 2022 21:57 pm UTC| Law Health Economy Business

The US Food and Drug Administration (FDA) is planning to regulate the use of the cannabis compound CBD in food and supplements after weighing the evidence on the compounds safety. The FDA will decide whether regulating...