May 24, 2023 12:25 pm UTC| Market Roundups Economy
Market Roundup UK Apr CPI (MoM) 1.2%,0.8% forecast,0.8%previous UK Apr CPI, n.s.a 130.40, 128.90 previous UK Apr Core RPI (MoM) 1.4%,2.1% forecast,0.7% previous UK Apr RPI (YoY) 11.4%,11.2% forecast,13.5%...
Virgin Orbit Closes After Bankruptcy Declaration, Sells Remaining Assets
May 24, 2023 10:03 am UTC| Business Economy
Virgin Orbit, the spin-off of Richard Bransons Virgin Galactic space tourism business, filed for bankruptcy last month, and now the company is completely shutting down. Before the closure, the company that makes and...
Apple Reveals Broadcom Deal to Develop 5G Components
May 24, 2023 08:44 am UTC| Business Economy Technology
Apple Inc. revealed it has teamed up with Broadcom Inc. for the development of 5G radio frequency parts in the United States. The companies signed a multi-billion deal for the partnership. With the cooperation between...
DSME to Start Afresh as Hanwha Ocean After Completion of Takeover Deal
May 24, 2023 07:40 am UTC| Business Economy
DSME or Daewoo Shipbuilding Marine Engineering Co., Ltd has been sold, and it is now owned by the Hanhwa Group. The acquisition deal has been completed this month, and now the shipbuilding company was rebranded with a...
Naver Reportedly Blocked in China
May 24, 2023 07:16 am UTC| Business Economy
Naver is a leading online platform in South Korea, and it is accessible in other countries too. However, in a recent report, it was said that the web portal was suddenly blocked in China. In response to the news, the...
Coca-Cola Launches Enigmatic Soda Brand OOHA in Thailand
May 23, 2023 23:45 pm UTC| Life Economy Business
Coca-Cola is launching a new drink with an undefined flavor, dubbed OOHA, in Thailand. OOHA promises an explosion of two flavors, such as lychee and yogurt, lemon and salt, and peach and oolong tea, with every...
Barry Callebaut and Maersk To Build Cocoa Bean Warehouse in Malaysia
May 23, 2023 23:43 pm UTC| Economy Business
Barry Callebaut has broken ground on a new cocoa bean warehousing and dispatching facility in Malaysia, in a partnership with Maersk, which will help build and operate it. The warehouse will support Barry Callebauts...
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