
Amazon petitioned for FTC Chairwoman Lina Kahn’s removal from the company’s antitrust cases
Jul 01, 2021 08:53 am UTC| Business Economy
Amazon wants the Federal Trade Commission Chairwoman Lina Khan removed from all of the antitrust cases that the company is facing. Jeff Bezos firm stated that it is making the request from the agency because the...

Shinsegae, Lotte abandon bids for Yogiyo acquisition
Jul 01, 2021 08:43 am UTC| Business Economy
Shinsegae is said to have withdrawn its bid to acquire Yogiyo. The bidding is already in the final stage, and the retailer giant backed out at the last minute. The bidding turned competition for PEFs With its...

Samsung, Deutsche Telekom join hands to make an ecologically sound 5G mobile phone
Jul 01, 2021 08:39 am UTC| Business Economy
Samsung Electronics and Deutsche Telekom AG, Germanys telecom giant, signed a deal to develop and establish an eco-friendly 5G mobile phone. It is another strategic team up for sustainability, and the agreement was...

Economy will be weak and in need of support after pandemic, top economists say
Jul 01, 2021 03:59 am UTC| Economy
Australias economy will limp along after recovering from the pandemic, failing to regain the growth it had either in the years leading up to the crisis or the much higher growth in the decades before. Thats the...

Yes, lockdowns are costly. But the alternatives are worse
Jul 01, 2021 03:41 am UTC| Economy
Lockdowns are costly. They damage businesses and livelihoods. Victorias recent lockdown cost about $100 million a day in lost economic activity, according to Victorian Treasury. NSWs current lockdown will cost about...

S. Korea, Saudi eye cooperation in hydrogen energy
Jun 30, 2021 23:21 pm UTC| Economy Business
South Korea and Saudi Arabia vowed to expand ties in the hydrogen energy sector as it aims to seek sustainable development through 2030. In a virtual meeting, South Koreas Industry Minister Moon Sung-wook opened up...

Southwest Airlines offers employees double pay to take extra shifts on Independence Day weekend
Jun 30, 2021 22:41 pm UTC| Economy Business
Southwest Airlines is offering employees higher overtime pay in early July to encourage them to pick up shifts to help avoid flight disruptions during an expected surge in Independence Day weekend travel. The...