
Amazon setting up manufacturing line for devices in India
Feb 17, 2021 23:41 pm UTC| Business
Amazon will begin operating its first manufacturing line in India later this year by producing Amazon Devices, including Fire TV sticks, in partnership with Foxconns subsidiary, Cloud Network Technology. Located in...

Coke to test first-ever paper bottle in Hungary
Feb 17, 2021 23:25 pm UTC| Business
The Coca-Cola Company will offer plant-based beverage AdeZ in 2,000 of its first-ever paper bottle prototype in Hungary via e-grocery retailer Kifli.hu. The paper bottle project is being co-developed by Coca‑Colas RD...

Nestle to roll out KitKat Vegan in the market
Feb 17, 2021 10:08 am UTC| Business
Nestle made an announcement early this week and revealed that it is releasing a new kind of treat to chocolate lovers. The Swiss company stated that it will roll out the newest KitKat version that will be...

TikTok: ByteDance reportedly drops plans to sell to Oracle and Walmart
Feb 17, 2021 10:02 am UTC| Business
TikTok was previously reported to have a deal with Walmart and Oracle for possible acquisition. The sale was supposed to happen soon, but President Joe Biden put the negotiations on hold. The new POTUS wants to review...

Adidas is getting rid of Reebok and starts sale process
Feb 17, 2021 09:45 am UTC| Business
Adidas is finally selling its Reebok brand as its sales has been sluggish in recent years. The German sportswear manufacturer also decided to give up its subsidiary so it can solely focus on its own brand and compete with...

Citigroup can’t get back $500 million it mistakenly sent to Revlon: US Judge
Feb 17, 2021 08:51 am UTC| Business
Citigroup Inc. will be losing money after a U.S. judge ruled that it cannot retrieve the remaining $500 million it sent to Revlon by mistake. This case is about the incorrect wire transfer where the investment bank wired...

McDonald’s gets sued by Black franchisee over racial discrimination
Feb 17, 2021 07:27 am UTC| Business
McDonalds was sued by a Black franchise owner after alleging that he was treated unfairly. Herbert Washington, a former MLB player, claimed that the fast-food chain giant denied him the opportunity to purchase stores in...