
NetEase Cloud Music takes legal action against Tencent Music for alleged unfair competition
Apr 28, 2022 06:14 am UTC| Business Economy
NetEase Cloud Music accused Tencent Music Entertainment of plagiarizing its mobile app design and unfair competition practice; thus, it has filed a suit to make things right. The legal battle has further intensified the...

Chipotle overcomes labor shortage as staffing is back at pre-pandemic levels
Apr 28, 2022 05:55 am UTC| Business Economy
Chipotle Mexican Grill revealed that its staffing is back to the level before the COVID-19 pandemic hit. The companys chief executive officer and chairman, Brian Niccol, announced this development during the earnings call...

General Motors’ Chevrolet Corvette to go fully electric
Apr 28, 2022 05:44 am UTC| Business Economy
General Motors revealed this week that it would be producing a fully electric version of its Chevrolet Corvette luxury sports car model. The companys president, Mark Reuss, announced this plan through a post on...

Lotte Chemical to invest $200 million in JV to make EV batteries
Apr 28, 2022 01:06 am UTC| Business Economy
Lotte Chemical Corp. will invest US$200 million in the joint venture with US startup Soelect Inc., a North Carolina-based battery component maker, to produce lithium-metal anodes for electric vehicles in the US by...

POSCO to spend ₩70 billion on expanding industrial gas storage capacity
Apr 28, 2022 00:53 am UTC| Business Economy
POSCO will spend 70 billion won to expand its storage capacity of oxygen and nitrogen gas to 60,000 tons and 46,000 tons, respectively, from the current 49,000 tons and 36,000 tons. The firm operates industrial gas...

PepsiCo raises revenue outlook as earnings beat estimates
Apr 27, 2022 23:44 pm UTC| Business Economy
PepsiCo reported quarterly earnings and revenue that topped analyst expectations, as consumers paid more for their Gatorade, Doritos, and Quaker oatmeal. On the heels of its strong performance, the company raised its...

WHO strongly recommends Pfizer's COVID pill
Apr 27, 2022 23:43 pm UTC| Health Economy Business
The World Health Organization is strongly recommending Pfizers COVID-19 antiviral pill Paxlovid for patients with milder forms of the disease who were still at a high risk of hospitalization. The WHOs experts declared...