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[Misc] (HL-20190901~20190907) Weekly Headlines
ÃÖ°í°ü¸®ÀÚ  |  19-08-31 13:41


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(Mon) KFC to test Beyond Meat meatless nuggets, wings
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Beyond Meat may have a blockbuster partnership on its hands. Fast-food giant KFC will begin testing Beyond Meat's plant-based chicken nuggets and boneless wings at a location in Atlanta. KFC parent Yum Brands says it will use customer feedback to determine how it will roll out the meat alternative nationwide. Beyond Meat can already be found on menu boards at Dunkin Donuts, Subway and Tim Hortons, but a partnership with KFC would be first chicken alternative. There are more than 4,000 KFC restaurants in the U.S. alone and a successful team-up could eventually mean Beyond Meat's meat-free offerings show up at sister Yum Brand properties... think fake meat tacos at Taco Bell and on top of pizzas at Pizza Hut. A nationwide deal with Yum could rival Impossible Foods, which has the Impossible Whopper selling at Burger King. Beyond Meat and Impossible Foods are rapidly expanding in hopes of capitalizing on the fast-growing meat-free trend. Shares of Beyond Meat rallied as much as 5 percent on the news and have surged three-fold since the stock went public in May. 

(Tue) Amazon opens its biggest global campus in India
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Amazon launched its biggest campus in the world in the southern Indian city of Hyderabad on Wednesday. The move is part of its expansion plans in the country that's been one of its fastest growing overseas markets. The new campus in India is spread over 9.5 acres and has cost "hundreds of millions of dollars", the company said. "It can house 15,000 employees¡¦ you know Hyderabad is very exciting for us because already a third of our employee base is in this city and this campus will continue to allow us to grow." Amazon has 62,000 employees in India, roughly a third of whom are based in Hyderabad. The company says the new campus will host employees across divisions , including Amazon Web Services. India is considered the last major growth market for the e-commerce giant, but it faces increasing competition from local players. Founder Jeff Bezos has committed an investment of over 5 billion US dollars for India operations as the company seeks to fend off competition from Walmart's e-commerce unit Flipkart. 

(Wed) The 'robo-shorts' that could help you run
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A revolutionary pair of "robo-shorts" could help the wearer walk and run. Harvard's Wyss Institute have created a lightweight, portable exosuit, that could not only boost the performance of athletes , but actually help the elderly or infirm to walk. Although the shorts look pretty normal, the device has sensors that can tell if you're walking or running by identifying changes in leg and torso position. A motor on the back of the suit pulls on a cable before the foot touches the ground, which acts as an aid to the body's hip extensors - and reduces the amount energy used for the movement, making it easier. Research published in the journal Science, said the suit reduced the energy cost of walking by 9.3%, and running by 4%, when on an indoor treadmill. The exosuit weighs 5 kilograms, but the team hopes to reduce this, while also customizing the device to individuals , and making the shorts more user friendly.

(Thu) Recovery signs boost jeweller Pandora despite profit drop
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Smaller sales declines in key markets Britain and Italy and a step up in restructuring efforts helped to lift Danish jewelry maker Pandora's shares on Tuesday. The shares, which had fallen about 10% this month, were up almost 7% on Tuesday. That's despite a drop in second-quarter earnings. Pandora is best known for its customizable silver charm bracelets , but the business is struggling after new jewelry lines failed to entice shoppers. The company's buying back older ranges from franchises and slimming down collections to try to improve performance. Sales from stores open more than a year fell 10% in the second quarter from the same period last year - the same as in the first quarter. However, like-for-like sales in Britain and Italy have declined less sharply in the second quarter after an increase in marketing spending. 

(Fri) Estee Lauder bucks China worries
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Neither the protests in Hong Kong nor the trade tensions between the U.S. and China hurt Estee Lauder in the eyes of shareholders. Its stock jumped more than 10% in early trading Monday after the cosmetics maker surprised Wall Street with its bullish outlook for revenue and profit for the full year. That assuaged investors who were worried that the Hong Kong demonstrations and the slowing economy in China would crimp its growth. Quite the contrary. The owner of the M.A.C., Clinique and Estee Lauder brands managed to grow its Asia-Pacific sales 18% in the latest quarter. That more than made up for the slight decline in sales in the U.S. Affluent millennials, mainly in China, are spending more at beauty retailers and stocking up at duty-free stores at airports. Looking ahead, Estee Lauder said its investments in fiscal 2020 would include emerging markets, and it expects another year of strong sales growth and double-digit increase in earnings per share.

** Other Latest Headlines **

* SK Innovation to sue LG Chem over EV battery patent infringement

A dispute between major South Korean battery manufacturers was taken up a notch Friday with SK Innovation revealing counter lawsuits against LG Chem in the US over alleged violation of patents for electric vehicle battery technology. The move comes four months after LG Chem filed a lawsuit with the Delaware District Court in April, accusing SK Innovation in the US of making batteries by using technologies leaked from former LG Chem employees who were hired by SK. SK Innovation said in a statement that it would file a complaint with the US International Trade Commission and the federal court over alleged patent infringement by LG Chem, LG Electronics and its US subsidiary LG Chem Michigan. ¡°The complaint is a legitimate legal process,¡± said SK Innovation¡¯s battery business head Yoon Ye-sun in the statement Friday. ¡°For a productive competition, the executive board at SK refrained from legal action and agreed to seek for amicable settlement, but we had to change our stance to protect our core technologies and intellectual property,¡± he added. The company also said it would file a separate lawsuit against LG Electronics, claiming the LG Group unit illegally manufactured EV battery packs using SK Innovation¡¯s patented technologies without its approval. SK Innovation is a latecomer to the global battery industry following SK Group Chairman Chey Tae-won¡¯s vision to nurture its battery business unit as the group¡¯s sustainable growth engine. It claimed that LG units have earned unfair profits by infringing on SK¡¯s patent related to lithium-ion batteries.

* Naver hit for eavesdropping via AI voice assistant

Naver has been hit for letting its contractors listen to voice recordings from its Clova artificial intelligence (AI) voice assistant users in the name of improving the service quality. Against the backlash that this produced over the violation of users' privacy, Naver said Tuesday that every recording was conducted legally and there should be no concerns about the company invading privacy. "As we notified customers in the terms and conditions of Clova, we store data to verify and improve service quality and then destroy it," the company said in a statement. Amid the growing importance of internet of things (IoT) and AI technologies, Naver launched Clova in May 2017. Users can use the service on their smart devices or Clova-featured AI speakers. However, the company has recently been criticized for letting its contractors listen to recordings and convert audio into text for a quality review of its AI assistant. Naver said enabling its contractors to access the information was not the only case in Korea as Amazon, Google and Apple have done similar things to improve their AI voice assistant platforms. Apple and Amazon have been criticized for collecting voice recordings even though their users didn't activate their voice assistants. But Naver said it collected a small portion of voice recordings "when users summoned Clova." "Naver didn't collect any kind of conversations when users didn't summon the Clova voice assistant," the company said. Google and Apple said they suspended their practice of letting contractors listen to recordings of what people said to Google Assistant or Apple Siri. Amazon also enabled its Alexa voice assistant users to choose whether they allow Amazon employees to listen to recordings.