
Shell selling its retail oil business to Lukoil as it exits Russia
May 13, 2022 09:41 am UTC| Business Economy
Shell oil giant is set to sell its retail business, including more than 400 petrol stations, as it moves to leave Russia. It was revealed that Lukoil Oil Company, a Russian multinational energy corporation headquartered in...

HBO, Paramount streaming platforms to launch in South Korea
May 13, 2022 08:45 am UTC| Business Economy
HBO Max and Paramount Plus are entering the Korean market to offer video streaming services via local OTT players. The US-based streaming platforms will team up with South Korean distributors as they move to do business in...

Adidas ad banned in the UK for exposed breasts
May 13, 2022 08:33 am UTC| Business Economy
Adidas released its advertisement for its new sports bra, and this was banned in the United Kingdom. The countrys Advertising Standards Agency said it has blocked the sports apparel brands ads for sports bras because they...

NFT: Pepsi, Billboard team up to offer first-ever live NFT minting experience at the 2022 BBMAs
May 13, 2022 08:27 am UTC| Business Digital Currency Investing
Pepsi and Billboard announced their collaboration along with MRC Live Alternative to drop the first-ever NFT live minting experience. With the partnership, the beverage brand is setting down a cutting-edge non-fungible...

Naomi Osaka launches own sports agency Evolve after IMG exit
May 12, 2022 22:59 pm UTC| Sports Economy Business
Four-time Grand Slam winner Naomi Osaka has started sports agency Evolve with her agent Stuart Duguid after the Endeavor-owned IMG refused to accommodate her requests for more flexibility in their contract...

Lordstown Motors closes $230 million acquisition deal with Foxconn
May 12, 2022 11:39 am UTC| Business Economy
Lordstown Motors announced that it has closed its asset purchase agreement deal with Foxconn, which is also known as Hon Hai Precision Industry Co., Ltd. The American electric vehicle automaker sold its Ohio plant to the...

Moderna’s CFO leaves company just two days after appointment
May 12, 2022 09:59 am UTC| Business Economy
Moderna appointed Jorge Gomez as its new chief financial officer in April, and it was revealed that he also left his position just two days into the role. The American pharmaceutical and biotechnology company based in...