Will Jim Chalmers' budget drive up inflation? Not likely – and here's why
May 23, 2023 15:03 pm UTC| Economy
The proposition that cutting prices will stoke inflation is a hard one to get your head around, even if you are an economist. Yet it has been seriously put forward as a critique of this months budget; the one in which...
May 23, 2023 14:09 pm UTC| Market Roundups Economy
Market Roundup UK Apr Public Sector Net Cash Requirement 13.667B,-0.572B forecast,18.886B previous UK Apr Public Sector Net Borrowing 24.74B ,17.50B forecast,20.71B previous French May Services PMI ...
Kakao Mobility Signs Partnership Deal With UK’s Vertical Aerospace for UAM Business
May 23, 2023 09:58 am UTC| Business Economy Technology
Kakao Mobility recently signed an agreement with England-based aircraft manufacturer Vertical Aerospace. They have agreed to offer commercial urban air mobility (UAM) services in South Korea and other territories. As...
Paramount+ to Merge With Showtime Next Month, Raises Subscription Prices
May 23, 2023 09:31 am UTC| Business Economy
Paramount Plus, an American subscription video-on-demand service, is set to merge with Showtime, and the date for the consolidation was confirmed to be on June 27. Paramount Global will combine its flagship streaming...
Samsung to Retain Google as Default Search Engine for Its Smartphones
May 23, 2023 08:43 am UTC| Business Economy Technology
Samsung Electronics Co. Ltd. decided to keep Google as the default search engine of its Galaxy smartphones. The news comes after it was reported last month that the company is considering a shift to Microsofts...
CJ CheilJedang Completes Construction of the World's Largest Frozen Pizza Factory in the US
May 23, 2023 08:26 am UTC| Business Economy
CJ CheilJedang finished the construction of its frozen pizza production plant in the United States. The facility has been described as the largest manufacturing facility for frozen pizza in the world. As per The Korea...
Tesla’s Decision to Ditch India Facility Plans Boosts Hope for Investment in S. Korea
May 23, 2023 08:19 am UTC| Business Economy
Tesla Inc. recently revealed it had scrapped its plans to build a gigafactory for electric vehicle production in India. The Austin, Texas-headquartered EV maker canceled the plans due to a year-long conflict with the local...
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