Tag Archive: business – expert

Netflix to double down on South Korea with $2.5B investment

netflix-7025347_1280

Vocabulary: I will read the words, meanings, and sample sentences. Then, repeat after me. establishment /ih-STAB-lish-muhnt/ [noun] – the process of starting or creating something, for example, an organization The establishment of a new business requires a lot of hard work and dedication from the founders. view /vyoo/ [verb] – to have a particular opinion or way of thinking about someone or something She is viewed as a strong queen, despite her origins. acknowledge /ak-NOL-ij/ [verb] – to accept, admit, or recognize something, or the truth or existence of something The government finally acknowledged the need for reform after a wave of protests across the country. crackdown /KRAK-doun/ [noun] –…
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Chinese budget electric vehicle outsells Tesla in China

hongguangEV

© Shunsuke Tabeta via Nikkei Asia Vocabulary: I will read the words, meanings, and sample sentences. Then, repeat after me. question /KWES-chuhn/ [verb] – to express doubts about the value or truth of something When he was questioned in front of the press, the minister retracted his allegations. subsidy /SUHB-si-dee / [noun] – money given as part of the cost of something, to help or encourage it to happen The farmers in the area are eligible for the government subsidy. revenue /REV-uhn-yoo/ [noun] – the income that a government or company receives regularly Their company’s revenue fell dramatically. combat /KOM-bat/ [verb] – to try to stop something unpleasant or harmful…
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Elon Musk becomes the richest person in the world

© Lucy Nicholson—Reuters via Time.com Vocabulary: I will read the words, meanings, and sample sentences. Then, repeat after me. surpass /ser-PAS/ [verb] – to do or be better than The success of the movie has surpassed everyone’s expectations. ranking /RANG-king/ [noun] – a rank or level, for example in a competition Their brand popularity rose from 25th to the 10th spot in ranking. surge / surj/ [verb] – to increase suddenly and strongly The company’s profits have surged. continuation /kuhn-tin-yoo-EY-shuhn/ [noun] – the fact of continuing or a thing that continues or follows from something else The continuation of the 2-part series will be posted later. firm /furm/ [noun] –…
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Millennials look for online reviews when shopping

Millenials only buy products with online reviews

Vocabulary: Generation X /jen-uh-REY-shuhn eks/ [noun] a way of referring to the group of people who were born in the 1960s and 1970s My parents are belong to the Generation X. Brit /brit/ [noun] a British person It’s easy to recognize a Brit based on his or her accent. back /bak/ [verb] to give support or help to a person, plan, or idea My theory is backed by years of careful research and accumulated data. costly /KAWST-lee/ [adjective] expensive Only members of the elite buy from this store because its products are too costly. time-consuming /TAHYM-kuhn-soo-ming/ [adjective] taking a lot of time to do or complete I have to start…
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Kimberly Clark to lay off 5,000 employees

Kimberly Clark to lay off 5,000 employees

By Stribrohorak (Own work) [CC BY-SA 3.0], via Wikimedia Commons Vocabulary: overhead expenses [OH-ver-HED ik-SPENS] (noun) ongoing expenses of a company The increase on their overhead expenses directly affected their income. corporate tax [KAWR-per-it taks] (noun) tax imposed on the net income of a company They rallied against the new corporate tax reform. restructure [ree-STRUHK-cher] (verb) to reorganize a company The bill restructured a complicated system of deductions. upheaval [uhp-HEE-vuhl] (noun) a sudden change The strike caused much political upheaval. par [pahr] (noun) an equality in value or standing Marketers need to promote products to be at par with competitors. Kimberly Clark is laying off 13% of its workforce. The…
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Saudi Arabia’s government adds 5% tax on some goods

Business - E

Vocabulary: incur – to lose money, owe money, or have to pay money as a result of doing something The company incurred huge losses over the past six years. defer – to delay something until a later time The board deferred its decision to sell the company until later this year. expatriate – someone who lives in a country that is not his/her own country The convicted murderer is an expatriate worker from Spain. reintroduction – the act of bringing something into use or existence again They were protesting against the reintroduction of the consumption tax. Saudi Arabia is one of the top oil exporters in the world. However, the country…
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Company introduces ‘snowflake test’ to eliminate whiny millennial applicants

Business - E

  The Silent Partner Marketing released a questionnaire for job applicants which has gone viral online. The questionnaire, also known as the snowflake test, is designed to eliminate applicants who would whine at work. CEO Kyle Reyes created the test to determine who will fit with his company’s and client’s creative culture. Mr. Reyes defines snowflakes as entitled, liberal millennials who would complain without a strong basis. The thirty-item questionnaire contains a candidate’s view on America, law enforcement, and criticism. Mr. Reyes made this test to see how responsible the candidate is. Other companies would like to adopt this test but was hesitant due to the negative feedback it might…
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Time Warner merges with AT&T

Business - E

  Shareholders of the parent company of CNN, HBO, TNT, and others namely as Time Warner casted their votes to approve merging with AT&T amounting to $84.5 billion. Although support from shareholders were highly expected, it would be more challenging to receive a green light from the government since US President Donald Trump criticized the deal when he was still running for the office. He believed that CNN distributes fake news. Randall Stephenson, CEO of AT&T, welcomed the criticism. He also stated that since they are a large company, they handle controversies from time to time as well as hundreds of consumers daily. He also believed that by combining Time…
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Foreign interns face tough road in Japan

Business - E

  Foreign interns in Japan hailing from neighboring countries find it exacting to adapt and keep their lifestyle. Most of them leave their home countries in hopes of living a better life abroad. Vietnam, one of the countries that contributes to Japan’s labor shortage, offers training about the country’s culture and language to their citizens who will be deployed as technical interns. Despite the project’s success, some trainees disappear in a sudden upon deployment. Problems with pay and inferior working conditions are deemed to be the cause of these disappearances. Some trainees start believing that their dream of living a better life is impossible due to the high cost of…
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E.U. fines three banks $520 million

Business - E

European Union authorities fined multinational banks JPMorgan Chase, Credit Agricole and HSBC for conspiracy over market manipulation. JPMorgan Chase was charged 337 million euros, Credit Agricole with 114 million euros, while HSBC based in London faced a fine of 33 million euros, with a sum amounting to $520 million. Mergrethe Vestager, the commissioner in charge of European competition policy, said that the financial institutions involved illicitly exchanged classified data to collectively bend interest rates with the intention of increasing their revenue. Barclays, Deutsche Bank, RBS and Societe Generale were charged three years ago for the same violation. Vocabulary: conspiracy – the activity of secretly planning with other people to do something…
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