Growth in advanced economies is forecast to decelerate from 5 percent in 2021 to 3.8 percent in 2022 as the unwinding of pent-up demand only partly cushions a pronounced withdrawal of fiscal policy support.
Business
Hyundai downs internal combustion engine development
Hyundai announced that it is shutting down its internal combustion engine development team as the automaker focuses on electric cars. For 40 years the Korean automaker has been developing internal combustion engines to use in its vehicle lineup, but no… Read More ›
Sierra Leone cement factory ownership changes hands
HeidelbergCement has signed an agreement to sell its subsidiary Sierra Leone Cement Corporation Ltd. (Leocem) to the Diamond Cement Group. HeidelbergCement holds 50% of the shares in the company and has full management responsibility. The sale includes a cement grinding… Read More ›
Scientists convert plastic waste into vanilla flavoring
In the future, your vanilla ice cream may be made from plastic bottles.
Mattress Manufacturer to Open Another South Carolina Factory
MLILY USA told the Rock Hill Herald that it anticipates opening a 300,000-square-foot facility by late June. The company expects to hire 150 workers in the Charlotte, North Carolina, suburb. MLILY officials said in an announcement that the Rock Hill expansion would help… Read More ›
Coca-Cola Creates Buzz With Drone Delivery of Coke-coffee Crossover
Coca-Cola has teamed up with Walmart and drone flight services provider DroneUp to deliver its new Coca-Cola with Coffee and its zero-sugar variant to customers in Coffee County, Georgia.
Future, Rick Ross & More Attend Pharrell’s South Beach Miami Hotel Launch
Hollywood’s biggest names flew out to help Pharrell and his business partner David Grutman officially launch the Goodtime Hotel.
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