Korea: Major city govt. to allow retail stores to open on weekends

Following Daegu Metropolitan City’s plans to allow big retail outlets to remain open during the weekends, the city governments of Gwangju and Daejeon are reportedly considering the same idea. The government is actively exploring optio....

U.S. chipmaker Micron cuts 10% staff as computer chip demand declines

Micron Technology, the leading memory chip manufacturer based in the United States, has reportedly estimated that the worst industry shortage in over a decade will make it challenging to return to a profitable business in 2023. The firm ....

Tesla CEO Musk sells stock worth $3.58B without disclosing the aim

Elon Musk, the American business magnate and the CEO of Tesla, has reportedly sold another $3.58 billion worth of Tesla shares this week without providing any details regarding the purpose of the move. The Tesla CEO sold the shares this wee....

Aster and Faruk Medical City ally to expand Iraq's healthcare services

Healthcare major Aster DM Healthcare has reportedly stated that it has inked a pact with Iraq's Faruk Medical City to develop healthcare services in the country. In a regulatory filing, Aster DM Healthcare said the firm had inked a cont....

China: Covid-19 curbs eased in Guangzhou and Chongqing amidst protests

Guangzhou and Chongqing cities of China have reportedly reduced COVID-19 curbs following the clash between police and demonstrators in southern Guangzhou, against the world's harshest coronavirus restrictions. The protests have grown....

Elon Musk’s Twitter plans: Major changes in app, hiring new employees

Elon Musk, CEO of Twitter, has reportedly added new features to the social networking platform, which are a part of his plans to revamp the microblogging site. Musk discussed important updates like audio and video calling and message encryp....

Incap Corporation: Incap UK invests in new production equipment

Incap UK, an electronics manufacturing service provider, is improving its machinery at its plant in Newcastle-under-Lyme by installing an automatic optical inspection device. This machine will have a larger maximum PCB load size, Z-axis, an....

Seed Group brings in Apeejay Education as a strategic partner

Seed Group and Apeejay Education, one of the world's leading educational groups and a part of The Apeejay Stya and Svran Group, have joined forces to enhance the quality of education and develop cutting-edge teaching strategies. Seed Gr....

US court rejects merger of publishing rivals Penguin, Simon & Schuster

A US court has rejected a $2.2 billion (£1.9 billion) merger between Penguin Random House, one of the largest book publishers in the world and Simon & Schuster, a reputed publishing rival. Earlier this week, US District Judge F....

Canada to invest $708 Mn to develop new nuclear power technology

Canada would invest $708 million (CAD 970 million) for the development of a grid-scale small modular reactor (SMR), according to a recent announcement by the Minister of Natural Resources Jonathan Wilkinson. The SMR is a nove....

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