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South Korea: Online retail giant Coupang hit by massive data leak
Osmond ChiaBusiness reporter Getty Images E-commerce giant Coupang is often described as South Korea’s equivalent of Amazon.com South Korea’s largest online retailer, Coupang, has apologised for a massive data breach potentially involving nearly 34 million local customer accounts. The country’s internet authority said that it is investigating the breach and that details from the millions…
School uniform swap shop helps save money and tackles second hand clothes stigma
Almost half of parents said they’re worried about the cost of school uniforms, according to research by the charity Save the Children and the Baby Bank Alliance network. Elise, a mum of three, has just picked up a new uniform for her son Charlie. “It’s really expensive, I’ve got three kids you’ve got to get…
From oil giants to banks: The companies making billions from the Iran war
US giants ExxonMobil and Chevron saw their earnings fall compared with the same period last year, due to supply disruption from the Middle East, but both beat analysts’ forecasts and expect their profits to grow further as the year goes on, with the price of oil still significantly higher than when the war broke out.
Ticketmaster-owner Live Nation ran a monopoly and overcharged fans, jury finds
Morgan Harper, a director at the non-profit economic advocacy organisation American Economic Liberties Project, called the verdict against Live Nation “a historic victory for fans, artists, concert promoters and venue owners who have suffered for decades under the thumb of Ticketmaster’s monopoly”.
US long-term borrowing costs ease after government steps in
Long-term borrowing costs in the US eased on Wednesday after the Treasury department announced it would buy back more debt. The move came after the interest rate on 30-year bonds, which are a type of debt used to raise funds from investors, hit 5.34% on Tuesday – the highest level in almost 20 years. The…
