Reckitt Benckiser: Primavera Capital acquired Mead Johnson business in China for $2.2 billion
Jun 07, 2021 08:21 am UTC| Business Economy
Reckitt Benckiser announced last weekend that it is selling its Mead Johnson Nutrition company in China to Primavera Capital Group. The deal was said to be valued at $2.2 billion. As per Reuters, while Primavera Capital...
Verizon, AT&T offering free iPhones to long-term customers
Jun 07, 2021 07:49 am UTC| Business Economy
Verizon and ATT are expanding their offerings to loyal customers as part of a strategy for people to continue with their monthly plans. In part, this could also be a way to attract more subscribers since they can get...
Samsung heir Lee Jae Yong could be pardon as hinted by the Democratic Party head
Jun 07, 2021 05:59 am UTC| Business Economy
Lee Jae Yong, the Samsung heir, and head is currently in jail after being handed down a two-and-a-half-year imprisonment sentence for bribery. However, it seems that he will be getting out of prison very soon. Possible...
Coupang tests first overseas business in Japan
Jun 07, 2021 05:26 am UTC| Business Economy
Coupang, still fresh from its New York Stock Exchange listing in March, is planning a global expansion. To kick start its plans, it was revealed that the South Korean leading e-commerce player had picked Japan as its first...
China accuses H&M, Nike, Zara and 13 other brands of selling unsafe products
Jun 05, 2021 20:57 pm UTC| Economy Business
China has accused 16 companies, including HM, Nike, Zara, of selling unsafe or poor-quality childrens clothes and other goods. The customs agency came up with a list of products that should be returned or destroyed such...
Nissan postpones release of electric SUV due to chip shortage
Jun 05, 2021 19:18 pm UTC| Economy Business
Nissan Motor Co. postponed the release of its electric flagship model Ariya SUV due to the persisting semiconductor shortage. The Ariya SUV was set to go on sale in mid-2021 but Nissan changed plans and said a limited...
Corona named Most Valuable Beer Brand despite impact of name similarity to coronavirus
Jun 05, 2021 15:43 pm UTC| Economy Business
By aligning with vacation vibes such as being the cold beverage of choice during a hot day at the beach, Corona has become the most valuable beer brand according to a new list by Brand Finance. The annual report on the...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
Labour can afford to be far more ambitious with its economic policies – voters are on board
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects