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Business

El Niño Sparks Panama Canal Cuts: What It Means for Americans

The Panama Canal sees about 40 percent of all U.S. container traffic, and a reduction in traffic could translate to higher costs.

  • El Niño is expected to reduce Panama Canal ship traffic starting September 3.
  • Reduction will decrease daily ship count from 36 to 32, gradually.
  • Impact on U.S. consumers anticipated to be minimal.

Business

LG Household & Health Care Shifts North America

LG Household & Health Care North America said on Aug. 24 that it had signed a stock purchase agreement to sell a 100% stake in its subsidiary The Avon Company to Stratford Worldwide.Stratford…

  • LG Household & Health Care sells Avon to Stratford Worldwide for $12.4 billion.
  • Company shifts focus to retail and digital channels in North America.
  • LG aims to boost competitiveness of Dr.GROOT, belif, and CNP brands.

Finance & Markets

[Closing Market] KOSPI Plunges 3.12% to Break the 6,700 Level

The domestic stock market drew a steep downward curve on Aug. 24 as external negative factors, namely the surge in U.S. Treasury yields and the intensification of the tariff war, hit simultaneously.

  • KOSPI stock market plunges 3.12%, breaking 6,700 level
  • External factors: rising U.S. Treasury yields, trade tensions
  • KOSDAQ index closes higher due to rebounding secondary battery stocks

Culture

Gaining Ground

The first time I saw this place, I knew I had come home. I do not mean I knew it in a peaceful, comforting sort of way, the way one recognizes an old friend; that first time it was like

Finance & Markets

KPF’s Al-Rawda exposure raises fresh questions over RM119.38 million

KOPERASI Permodalan FELDA (KPF) is facing fresh questions over its financial dealings with an Arab Saudi company also linked to the losses suffered by Tabung Haji (TH).

  • KPF's exposure to Al-Rawda Investment grew from RM9.86 million in 2015 to RM40.45 million in 2016
  • Current book value of RM119.38 million raises questions about KPF's ability to recover funds
  • Ridhuan Esa urges members to assess KPF's financial health and governance at next AGM

Culture

Emirati women play key role in preserving UAE’s cultural heritage

Emirati women continue to play an important role in preserving the UAE’s cultural heritage and sharing the country’s history with younger generations, according to two Emirati women working at Al Ain…

  • Emirati women vital in preserving UAE's cultural heritage
  • Al Ain Museum offers platform to convey community's story
  • Women's active participation empowers cultural narratives

Health & Medicine

South Africa: The First Generic Weight Loss Drug Hit South Africa In August - With Many Expected To Follow. Will It Be Enough To Kill The Black Market?

[Bhekisisa] The first generic weight loss drug hit SA in August -- with many expected to follow. Will it be enough to kill the black market?

  • First generic semaglutide injection launched in South Africa in August
  • Additional generics expected soon, lowering drug prices
  • Success uncertain in eliminating black market and benefiting public patients

Tech

Apollo discloses data breach

Apollo Global Management has disclosed a data breach after hackers gained unauthorised access to some of the asset manager's cloud systems and obtained personal information, according to a report by Reuters.

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