KT acquired 11.4 percent of Team Fresh for 55.3 billion won ($43.1 million), the telecom company said Monday. Through the strategic investment, KT became the second-largest shareholder of the local cold-chain logistics company. KT aims to beef up its logistics business using Team Fresh’s cold-chain logistics centers and other capabilities related to fresh food delivery. Team Fresh will adopt KT’s digital logistics technologies and services in managing its logistics centers. Founded in 2018, Team Fresh is a Seoul-based logistics company specializing in cold-chain food delivery. KT established its Lolab logistics subsidiary last year amid the accelerated digital transformation in the industry, branching out to non-telecommunication businesses to diversify its portfolio outside traditional network subscriptions. Lolab began to offer Brokarry, a digital logistics service, in May. Team Fresh owns a 20 percent share of Lolab as the second-biggest shareholder, with KT holding … [Read more...] about KT buys 11.4 percent of Team Fresh, a logistics company
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Click here to read the full article. Andrew Lloyd Webber and Antonio Banderas are teaming up to create joint production company Amigos Para Siempre (APS), aimed at producing musicals, stage plays and live entertainment for major markets in the Spanish-speaking world, including the Latino U.S. market. Upcoming productions will include Spanish-language makeovers of Lloyd Webber classics, such as “The Phantom of the Opera,” “Sunset Boulevard,” “Starlight Express,” “Jesus Christ Superstar,” “Evita,” “Cinderella,” “Joseph and the Amazing Technicolor Dreamcoat” and “School of Rock.” More from Variety Andrew Lloyd Webber's Cinderella, Carrie Hope Fletcher, Set for New Role in 'The Caucasian Chalk Circle' 'We Wrote a $500 Million Film': Tarantino's 'Crazy' Django/Zorro Film Hooked Antonio Banderas Andrew Lloyd Webber Says 'Costly Mistake' Comments About 'Cinderella' Were Misunderstood Spanish-language adaptation rights to these works will be ceded to the … [Read more...] about Andrew Lloyd Webber, Antonio Banderas Set Up Production Company Amigos Para Siempre
Price rise is bad. It pinches you where it hurts the most. You have to rethink and regroup your life and plans. However, when premium rates are raised, as in many things in insurance, it is not exactly what it seems to be. An increase in premium is an indication of something good because it is still a promise that your increasing losses will be reimbursed. Increasing claims When insurance companies increase premium rates, they are catching up with increasing claims. The way it works in the real world, they rarely are ahead of that race. There may be a higher number of claims (as during COVID-19 or a natural disaster), claims of higher value (due to rising cost of healthcare or car repairs or whatever) or a combination of both. Price rises as well as unforeseen events can through the economics of insurance into disarray. Add to this the complications of investment returns with interest rate drops and tanking stock markets. Higher claims logically lead to less profits or … [Read more...] about An insurance premium rate increase isn’t always bad!
The story so far: The World Gold Council accorded India as the fourth largest recycler of gold, having recycled 75 tonnes of the valuable yellow metal in the previous year. As per the report titled ‘Gold refining and recycling’, India’s gold refining landscape has changed ‘notably’ in the past decade with formal operations increasing from less than 5 in 2013 to 33 in 2021. The import duty differential that gold doré has enjoyed over refined bullion has particularly accelerated the growth of organised refining in India. Helped by these tax incentives, about half of India’s new refining capacity opened up in Excise Free Zones (EFZs) in Uttarakhand since 2014. China topped the list having recycled about 168 million tonnes of gold in 2021. Italy stood second having recycled 80 million tonnes of gold in 2021, followed by the United States (78 million tonnes). For perspective, gold dorés are metal bars with high gold content. They are composed of a mixture of precious metals but … [Read more...] about Explained | What is gold recycling?
On June 26, telecommunications company Slovak Telekom became the target of a large-scale cyber attack. The overall impact of the attack is currently being analysed, the company announced on its official Facebook page (in Slovak). Skryť Remove ad Article continues after video advertisement Skryť Remove ad Article continues after video advertisement Activities to restore internal systems are underway. Related article Related article Slovakia's defence department faced a large-scale cyber attack Read more At the moment, internal IT systems, without which neither the company website nor its Telekom app can function, are inoperative. Also, contacting customer service help desk lines is limited, as is the service provided at stores. The company expects the restoration of internal systems will be ongoing and will inform customers of progress. … [Read more...] about Slovak Telekom targeted in huge cyber attack
This is a carousel. Use Next and Previous buttons to navigate 3 SLOVIANSK, Ukraine (AP) — Russia was mounting an all-out assault on the last Ukrainian stronghold in the eastern Luhansk region, “pouring fire" on the city of Lysychansk from the ground and air, the local governor said Monday, as Western leaders met to discuss ways of bolstering support for Kyiv. Luhansk Gov. Serhiy Haidai said Russian forces were pummeling Lysychansk after capturing the neighboring city of Sievierodonetsk in recent days. It's part of a stepped-up Russian offensive to wrest the broader Donbas region from Ukrainian government control in what Western experts say has become the new main goal of President Vladimir Putin's war in Ukraine, now in its fifth month. “They’re pouring fire on the city both from the air and from the ground. After the takeover of Sievierodonetsk, the enemy army has concentrated all its forces on capturing (our) last stronghold in the Luhansk … [Read more...] about Russia ‘pouring fire’ on Ukrainian city as offensive mounts
House Republicans have geared up for the first public impeachment hearings in the Ukraine scandal, set to take place this week, by having GOP staffers send a memo to lawmakers that outlines the strategy to best defend President Donald Trump. But flaws remain within their arguments, which fail to address some of the damning allegations that Democrats will focus their questions on. The 18-page document details four main points of evidence that Republicans believe "are fatal to the Democrats' allegations" that Trump made an effort to force his Ukrainian counterpart to investigate Democrats and 2016 election interference by withholding foreign military aid. "The July 25 call summary—the best evidence of the conversation—shows no conditionality or evidence of pressure." "President Zelensky and President Trump have both said there was no pressure on the call." In his now-infamous call with Ukraine President Volodymyr Zelenskiy, Trump said he "would like you to do us a favor, … [Read more...] about House Republicans’ defense strategy for impeachment hearings reveals flaws: Analysis
A groom-to-be was left fuming after discovering the time-off request for his wedding day was rejected at work. The man shared his frustration to Reddit 's Antiwork forum, under username Acidalia-planitia, captioning the post: "PTO [paid time off] for my wedding week declined." He raged: "I'm getting married July 22 (very excited!!!!!!) and I saw last week my PTO for the week of was rejected . "Thought maybe it was an error, but I checked the schedule and I'm put on to work the 21st and 22nd, the actual f****** day of my wedding . Hope they figure something out cause I ain't going lmao." The post has amassed more than 27,000 upvotes since being shared on Sunday, and can be read here , as people were outraged on his behalf. Many People Outraged Reasonable-Bag1459 stated: "PTO stands for Prepare The Others, because you sure won't be there! Have a wonderful wedding!" HungrySummer admitted: "Yeah I don't work places where PTO has to be approved. PTO means I'm telling … [Read more...] about Groom fumes time-off request for his wedding day was rejected: “Error”
Nearly a month after objecting to electoral votes cast for President Biden, Rep. Mike Garcia wanted to clear the air. In a lengthy Jan. 30 op-ed in a local newspaper, the Santa Clarita Republican and former Navy fighter jet pilot denounced the blowback on social media that branded him “a seditionist, a traitor, or even worse.” Roughly 150 miles to the north, Rep. David Valadao also had some explaining to do after voting to impeach President Trump for his part in inciting the deadly riot at the U.S. Capitol. He, like Garcia, was disparaged by some constituents as a traitor. Two votes in Congress in successive weeks — one to certify Biden’s election and another to impeach the president — snared the two California Republicans into the pitched battle over the future of their party: whether the GOP will demand allegiance to Trump or break from his influence. On one side sits Garcia and the majority of House Republicans, who on Jan. 6 aligned with Trump in rejecting the will of the … [Read more...] about For two California Republicans, diverging approaches to Trump lead to the same place: Backlash
Over the last two decades, the attention devoted to the role of the judiciary has increased almost exponentially. It is rare for a day to pass without at least a couple of front page stories in our national dailies devoted to what transpired in the constitutional courts. Even as I write this, the cameras are slowly turning towards the Supreme Court to see how the Maharashtra imbroglio will play out. It is not surprising, therefore, that the events at court invite opinions and views, many of them from those who ply their trade within those hallowed portals (which includes this writer). Most of these pieces are devoted to specific judgments and ephemeral events, but ever so often, we see one that deals with institutional issues — larger malaises that need to be addressed — and then, we consider those suggestions through a wider lens. One of these is Sriram Panchu’s article ‘ A wish list for reform in India’s higher judiciary ’ (published in The Hindu on June 22, 2022). There are, … [Read more...] about Misdirected ideas can harm the judiciary