Upon receiving an affogato order, the three-jointed arm of barista robot Porty readies the portafilter and locks it into the coffee grinder. After extracting a fresh shot from the espresso machine, Porty pours it over a cup of ice cream, prepared by fellow robot, Mixie. When there are no visitors, the duo reportedly spend their time dancing to the cafe's background music. Mixie and Porty are the only servers at Better Than Yours, a fully automated cafe in Seongsu, eastern Seoul. Together,

Unveiling the theme 'Investing in a Rapidly Transforming Region'- the invitation-only forum is set to welcome ministerial and business leaders from across the most powerful economies in the world MANAMA, Bahrain, Oct. 25, 2024 /PRNewswire/ -- Bahrain is gearing up to host the second edition of Gateway Gulf, which is scheduled for November 3 and November 4, 2024, at the Four Seasons Hotel, Bahrain Bay. Held under the timely and relevant theme of 'Investing in a Rapidly Transforming Region,' the

SK Innovation said Thursday that three of its key subsidiaries -- SK Energy, SK Geocentric and SK IE Technology -- have appointed new company heads with technological expertise to tackle business uncertainties and strengthen core competitiveness. The announcement comes eight days before the mega-merger of SK Innovation and SK E&S, two major energy affiliates of SK Group, which will create Korea’s largest energy giant with combined assets of 100 trillion won ($723.6 billion). The newly

Why have some countries grown rich and others not? The three winners of this year’s Nobel Prize in Economic Sciences -- Daron Acemoglu, Simon Johnson and James A. Robinson -- offer a simple answer: institutions. Countries with “inclusive” institutions -- which underpin an open society, accountable government, economic freedom and the rule of law -- do better than those with “extractive” institutions that reward those in power. The World Bank’s institutional qu

ULSAN -- The construction site of S-Oil’s Shaheen project at its Onsan plant in Ulsan showed little to no activity Tuesday afternoon. Although the day’s workflow had seemingly stopped due to heavy downpours in the morning, the officials from S-Oil and Hyundai Engineering & Construction said the building process of the Shaheen project had already reached 40 percent completion. “Four major construction firms -- Hyundai E&C, Hyundai Engineering, Lotte E&C and DL E&

The state-run Korea Electric Power Corporation decided Wednesday to raise industrial electricity rates by an average of 9.7 percent from Thursday, prompting immediate complaints among local businesses already reeling from rising costs and unfavorable foreign exchange rates. "The government and Kepco had no choice but to comprehensively consider the ongoing difficulties faced by the public and small business owners, as well as an economic situation in which consumer sentiment has not yet rec

Kavalan presents American ex-Bourbon and Spanish Oloroso Sherry from the 2009 vintage year. TAIPEI, Oct. 22, 2024 /PRNewswire/ -- Taiwan's premier distiller Kavalan is proud to announce the launch of its "15th Anniversary" Limited Edition Whisky Duo, the brand's oldest whiskies to date. Kavalan Unveils Limited ‘15th Anniversary’ Vintage Whisky Duo "In commemoration of this special anniversary, our team selected exceptional quality Spanish Oloroso Sherry and Ameri

HONG KONG, Oct. 22, 2024 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces today that Xijiang 30-2 Oilfield Xijiang 30-1 Block Development Project commenced production ahead of schedule. The project is located in eastern South China Sea, with an average water depth of about 98 meters. The main production facilities include a new drilling production platform, with 23 development wells planned to be commi

New data on OPTIMASH® F200 and OPTIMASH® AX highlights significant oil yield increase and low-carbon market potential NEW YORK, Oct. 21, 2024 /PRNewswire/ -- IFF (NYSE:IFF), an industry leader in food, beverage, health, biosciences, and scent, today announced the launch of its OPTIMASH® F200 and OPTIMASH® AX enzyme solutions in combination to maximize corn oil recovery at fuel ethanol plants. New IFF in-plant data shows that this combination can deliver up to 15 percent

BEIJING, Oct. 21, 2024 /PRNewswire/ -- As leaders of the BRICS members are about to gather in Russia's Kazan for the 16th BRICS Summit, one trend that has been under spotlight and expected to be of a key agenda during the summit is the growing waitlist to join BRICS. The BRICS, founded by China, Russia, India and Brazil, with South Africa joining in 2011, welcomed new members on January 1, 2024 in a historic expansion. According to media reports, dozens of countries have expressed

NANCHANG, China, Oct. 21, 2024 /PRNewswire/ -- A report from Jiangxi International Communication Center(JXICC): To celebrate the 50th anniversary of the establishment of diplomatic relations between China and Malaysia, enhance people-to-people friendly exchanges between the two countries, and jointly build the "Belt and Road" with high quality, the China Soong Ching Ling Foundation and the Malaysia-China Friendship Association jointly held China-Malaysia youth exchange activities

South Korea's state-run oil developer has selected US-based Schlumberger as a service provider to analyze the rock and gas composition of a potential gas field in the East Sea, a document showed Sunday. Schlumberger will conduct the "mud logging" operation for an excavation project in the East Sea that could potentially uncover between 3.5 billion and 14 billion barrels of gas and oil, according to Rep. Kim Won-i of the main opposition Democratic Party, who cited data from Korea N

Participating from October 19-23 in Paris to expand exports in the global market Showcasing K-Food, including kimchi, street food, and soups to attract local visitors and global buyers 'KOOSSI-BANGA green leaf cabbage kimchi' wins Grand Prix in the convenience food category, vying for the top prize as the sole Korean contender Seoul, South Korea, Oct. 18, 2024 /PRNewswire/ -- OURHOME, a global foodcare and catering company based in Korea, announced on October 18th that i

PORT VILA, Vanuatu, Oct. 18, 2024 /PRNewswire/ -- Vantage Markets (or "Vantage") is pleased to announce the launch of the Vantage First Class Promo, an exclusive event marking 15 years of successful trading with traders in selected regions. This promotion serves as a gesture of appreciation to Vantage's traders, offering premium gifts and highlighting the company's ongoing commitment to fostering growth in these fast-developing markets. With prizes valued up to USD 111,000, the initi

JAKARTA, Indonesia, Oct. 18, 2024 /PRNewswire/ -- Musim Mas Group, the Livelihoods Fund for Family Farming (L3F), SNV Indonesia, and World Agroforestry (ICRAF) are collaborating to improve the knowledge and capacity of independent oil palm smallholders through the Biodiverse & Inclusive Palm Oil Supply Chain (BIPOSC) project. The project began in 2021 and takes a long-term approach to sustain a deforestation-free supply chain, regenerate degraded land, restore local biodiversity, and impro