Tag Archive: business news – intermediate

Chinese budget electric vehicle outsells Tesla in China

hongguangEV

© Shunsuke Tabeta via Nikkei Asia Pre-reading questions: I will read each question. Then, please answer them. What kind of energy sources do you know? Are there many electric vehicles in your country? Vocabulary: I will read the words, meanings, and sample sentences. Then, repeat after me. automaker /AW-toh-mey-ker/ [noun] – a big company that makes car The country’s leading automaker set an all-time monthly sales record this month. outsell /out-SEL/ [verb] – (of a product) to be sold in greater numbers than another product MP3s soon began to outsell CDs. compare /kuhm-PAIR/ [verb] – to examine or look for the difference between two or more things This store’s prices…
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Elon Musk becomes the richest person in the world

© Lucy Nicholson—Reuters via Time.com Pre-reading questions: I will read each question. Then, please answer them. What do you want to do if you have a lot of money? Who is the richest person in your country? Vocabulary: I will read the words, meanings, and sample sentences. Then, repeat after me. spot /spot / [noun] – a particular place The number one spot for Billboard hot 100 music was occupied by Jason Derulo this week. wealthy /WEL-thee / [adjective] – rich The wealthy man dedicated his life in helping poor people in their area. intend /in-TEND/ [verb] – to have as a plan or purpose I’ve heard that he intends…
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Japan and China to increase the number of flights this year

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Pre-reading questions: Is it better to travel by plane or by car? Please explain your answer. Do you have plans to travel to other countries? If yes, where? If no, why not? Vocabulary: increase /in-KREES/ [verb] to become or make something larger or greater They increased the price of rice by $5 in every sack. progress /PROG-res/ [noun] movement toward an improved or more developed state, or to a forward position Mechanical progress has been very quick over the past few months. facility /fuh-SIL-i-tee/ [noun] something such as a place, building, or equipment used for a particular purpose or activity The medical facilities in the Philippines were supervised by the…
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Facebook chief wants more government regulation of internet

markz

Photo by © Getty via Evoke.ie Pre-reading questions: How can the internet help you learn English? Explain your answer. What do you think is the best thing about the internet? Why? Vocabulary: protection /pruh-TEK-shuhn/ [noun] the act of keeping someone or something safe from injury, damage, or loss Our country needs protection from the terrorists. adopt /uh-DOPT/ [verb] to accept or start to use something new We need to adopt more strategic ways to improve the economy from other countries. harmful /HAHRM-fuhl/ [adjective] causing harm Early use of mobile phones is harmful to children. significant /sig-NIF-i-kuhnt/ [adjective] important, large, or great, especially in leading to a different result or to…
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Millennials look for online reviews when shopping

Millenials only buy products with online reviews

Pre-reading questions: What are the common things that you can buy online? Do you buy products that your friends recommend? Please explain your answer. Vocabulary: preceding /pri-SEE-ding/ [adjective] existing or happening before someone or something This year’s party is way better than the preceding events. purchase /PUR-chuhs/ [noun] the act of buying something The purchase of unneeded materials made the accountant mad. respondent /ri-SPON-duhnt/ [noun] a person who answers a request for information The researchers did not use the respondent’s answers because she was lying. opt /opt/ [verb] to make a choice She opted for a fruit shake instead of a cola. factor /FAK-ter/ [noun] a fact or situation that…
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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 Pre-reading questions: What are some common reasons for firing employees? Why do employees quit their job? Vocabulary: lay off [ley awf] (phrasal verb) to end someone’s employment The firm had to lay off some of their workers. stiff competition [stif kom-pi-TISH-uhn] (noun) strong competition from rivals You’ll be facing a lot of stiff competition at the games. worldwide [WURLD-WAHYD] (adjective) happening all over the world Our company has 2,000 employees worldwide. birthrate [BURTH-reyt] (noun) the number of births in a year or place Low birthrate is a big problem for some countries. budget cut [BUHJ-it kuht] (noun) the act of…
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Unilever develops technology to prevent billions of plastic sachets from entering into oceans

Business - I

Pre-reading questions: Why is recycling important? Does recycling help the environment? Vocabulary: cosmetics– products that enhance beauty such as make-up Women love to go shop for cosmetics. packaging– material used to pack something Most companies use plastic packaging for their products. pollute– contaminate Materials such as plastic can pollute our surroundings. pilot– first I missed the pilot episode of my favorite show. effectivity– producing a desired effect My team has to test the effectivity of the product before releasing it to the market. Most products today such as food and cosmetics are packed in plastic so people tend to throw the packaging away upon consuming the product. Eventually, plastic packages…
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Saudi Arabia’s government adds 5% tax on some goods

Business - I

Pre-reading questions: Do you think it is useful to know a bit about the economic status of other countries? Why do you think some people find it difficult to discuss the economy? Vocabulary: exporter – someone who sells goods to another country India is a major exporter of rice. drastic – something that has a very big effect on another Our budget has been drastically reduced. impose – to force something to be accepted or to be done The chairman of the board imposed his decision on his team. adhere – to believe in and follow the practices of something It is our duty to adhere to the law. revoke – to…
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Company introduces ‘snowflake test’ to eliminate whiny millennial applicants

Business - I

  Pre-reading questions: How do you feel about taking tests? What do you think about millennials nowadays?   The Silent Partner Marketing released a so-called “snowflake test” to job applicants, with snowflakes being defined as easily offended individuals. Kyle Reyes, CEO of the Silent Partner Marketing, stated that the snowflake test is designed to eliminate applicants who will surely be unsuitable to his company’s culture. Questions include the applicant’s opinion on America, police, and guns. Mr. Reyes also stated that his snowflake test is effective as it successfully eliminated 60% of snowflake job candidates. Because of the test’s popularity and effectivity, other companies would also want to use the snowflake…
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Time Warner merges with AT&T

Business - I

  Pre-reading questions: Do you watch television news like CNN? Do you believe in fake news? Please explain your answer. Do you often use your smartphone?   The Time Warner Company and AT&T will merge after the approval of $85.4 billion proposal. Time Warner is the parent company of CNN, HBO, TNT, and others. According to Jeff Bewkes, CEO of Time Warner, 78% of their shareholders voted in the favor of the merger and 99% of the voters were in favor of the proposal. Although approval from the shareholders are expected; getting the government’s approval would be more challenging. It is stated that the US federal government will review the…
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