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Kona EV owners lose compensation lawsuit vs Hyundai for battery fires

Feb 09, 2023 23:48 pm UTC| Economy Business Nature Law

The Seoul Central District Court has favored Hyundai against 173 Kona EV owners seeking compensation for their vehicles deteriorating reputation and devaluation due to fires caused by battery issues. Hyundai voluntarily...

Carlsberg to buy out partner in India and Nepal for breaches of shareholders’ agreement

Feb 09, 2023 23:47 pm UTC| Economy Business Law

Danish brewer Carlsberg Group is buying out the 33 percent shareholding in Carlsberg South Asia Pte Ltd (CSAPL) of its partner in India and Nepal, CSAPL Holdings Pte Ltd (CSAPLH), for $744 million. Carlsberg has had...

Coca-Cola to face lawsuit for portraying Minute Maid juices as healthy

Feb 08, 2023 23:27 pm UTC| Law Health Economy Business

The Coca-Cola Company is the target of a proposed class suit alleging that it deceptively portrays Minute Maid juice as a healthy alternative to fresh fruit despite the drinks containing high amounts of sugar, which...

Japan legalizes beer, cigarette sales at self-checkout registers

Feb 08, 2023 23:09 pm UTC| Law Economy Business Health

Convenience stores in Japan can start selling alcohol and tobacco products through self-checkout registers immediately, as long as theyre set up for compliance with the required regulations. Under Japanese law, a person...

Bacardi acquires majority interest in D’Usse Cognac following legal battle with Jay-Z

Feb 08, 2023 22:51 pm UTC| Law Economy Business

Bacardi subsidiary Empire Investments has now bought out the majority of SCLiquors stake in DUsse, leaving the spirits giant with 75.01 percent of the business. Jay-Zs company SCLiquor and a subsidiary of Bacardi...

Hermes pursues jury nod for trademark violation vs 'MetaBirkins' NFT creator

Feb 07, 2023 23:23 pm UTC| Law Technology Economy Business

French fashion house Hermes International SCA urged a US jury to find that Mason Rothschild, a creator of NFTs dubbed MetaBirkins, violated its trademark for Birkin bags, Rothschild lawyers argued that the MetaBirkins...

57 lawsuits against L'Oreal, other hair relaxer manufacturers consolidated in Illinois federal court

Feb 07, 2023 23:18 pm UTC| Law Economy Business Health

Fifty-seven lawsuits alleging that hair relaxer products sold by LOreal USA Inc and two India-based firms cause cancer and other health problems will be consolidated before US District Judge Mary Rowland in Chicago, The...

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Economy

For the next prime minister to solve the UK’s productivity problem, they must attract more foreign investment – here’s how

The British economy has a serious productivity problem that will have to be addressed by the next government. According to data from the OECD (the Organisation for Economic Co-operation and Development), productivity...

Brexit boredom is one thing – but there’s a real problem when Britain’s leaders won’t even talk about Europe anymore

British politics has, in recent years, been plagued by two competing forces when it comes to Europe. On one side, there is an understanding that the UK and the EU need to rub along, because of their proximity and...

Space arms race may be underway

As conflict rages on Earth, an arms race may be underway in outer space. On May 30, a US diplomat warned that Russia had launched a weapon into orbit, something Russias deputy foreign minister, Sergey Ryabkov, branded as...

Mauritius’ next growth phase: a new plan is needed as the tax haven era fades

Mauritians will head to the polls by November 2024 and politicians are considering the economic direction of the island country. For the last two decades, the countrys economic growth has depended heavily on its...

Canadians are feeling increasingly powerless amid economic struggles and rising inequality

If you feel like youre being pushed around in life, youre not alone. Our recent research has found that Canadians are increasingly feeling a sense of powerlessness in their lives. This sentiment has been steadily...

Politics

Microsoft-G42 Deal Forces Huawei Exit, White House Hails Move

The White House praised Microsofts $1.5 billion investment in G42, emphasizing the positive impact of ending relations with Huawei on AI security. White House Sees Positive Shift in UAE Tech Alliances According to...

Three ways politicians always promise to raise money without increasing taxes – and why they rarely deliver

After weeks of controversy over Labour and Conservative costings in which each side accused the other of dishonesty the manifestos show that both parties had wildly exaggerated their rivals plans. But there has been...

Election 2024: migrants aren’t to blame for Britain’s housing crisis

Migration has become the most toxic issue in British politics, driving intensely emotional debates that are often based on prejudice and misunderstanding. Similarly emotional is housing a finite resource in high demand at...

How Vladimir Putin projects his image as a modern-day Peter the Great

Russian energy giant Gazprom is reported to have been hit particularly hard by sanctions imposed as a result of the war with Ukraine. An internal report obtained and published by the Financial Times has forecast that the...

Another election, another round of Nigel Farage hype, with no lessons learned

Nigel Farage, a man who has never been elected to the House of Commons despite years of trying, has again been allowed to set the agenda in the UK. Ten years after Ukip won the European parliament elections, throwing...

Science

SpaceX to Help NASA Deorbit ISS; Starlink Lands Major Comcast Business Partnership

SpaceX will develop the U.S. Deorbit Vehicle so that NASA can safely deorbit the ISS by 2030. Meanwhile, SpaceX Starlink secures a significant partnership with Comcast Business to enhance rural connectivity. NASA Taps...

Japan Discovers 230 Million Ton Manganese Deposits, Boosting EV Battery Industry

Japan has discovered 230 million tonnes of manganese deposits near Minami-Torishima Island, potentially transforming its EV battery industry by significantly reducing reliance on imports and providing enough cobalt and...

Keeping astronauts healthy in space isn’t easy − new training programs will prepare students to perform medicine while thousands of miles away from Earth

In the coming decade, more people will go to space than ever before as human spaceflight enters a new era. NASA, the European Space Agency and other governmental agencies are partnering to develop crewed missions beyond...

Nations realise they need to take risks or lose the race to the Moon

The Nasa-led Artemis-3 mission will place the first human boots on the surface of the Moon since Apollo 17s Gene Cernan and Harrison Schmitt left the lunar surface in December 1972. The goal of the Artemis programme is...

Some of Earth’s most ancient lifeforms can live on hydrogen – and we can learn from their chemical powers

Three-quarters of all matter in the universe is made up of hydrogen. The young Earth was also rich in hydrogen, thanks to fierce geological and volcanic activity. Just as stars burn hydrogen to produce heat and light...

Technology

China’s SpaceX Falcon 9 Inspired Tianlong-3 Rocket Escapes Test Pad, Crashes

During a static fire test, Chinas Tianlong-3 rocket, developed by Space Pioneer, unexpectedly escaped its test stand and crashed 1.5 kilometers away. The incident, which was captured on social media, occurred in the final...

Carnival CEO Praises Starlink as a 'Game-Changer' for Cruise Connectivity

During the second-quarter earnings call, Carnival Corporation CEO Josh Weinstein recently lauded Starlinks high-speed internet connectivity. He emphasized that Starlink has significantly enhanced operational systems and...

Bitcoin Set for Strong July Recovery Despite Mt. Gox Repayment Concerns

Bitcoin is anticipated to exhibit strong performance in July following a nearly 7% decline in June. Despite concerns over Mt. Gox repayments, historical data shows an average 7.42% gain in July, hinting at a potential...

Apple to Begin Mass Production of AirPods with Cameras by 2026, Says Ming-Chi Kuo

According to analyst Ming-Chi Kuo, Apple plans to massively produce AirPods with camera modules by 2026. These AirPods will feature voice isolation and other advanced functionalities to enhance user experience. Apple to...

TSMC's Arizona Expansion to Boost Chip Production, Impact Local Economy

TSMCs expansion in Arizona is set to boost chip production and stimulate the local economy. Despite concerns over its impact on Taiwan, experts predict the new fabs will contribute less than 10% to TSMCs global...