JD Sports fashion brand acquired by Frasers Group for over $57M
Dec 19, 2022 07:41 am UTC| Business Economy
JD Sports, the leading trainer and sports fashion retailer in the United Kingdom, has sold shares of its premium fashion brands to the Frasers Group. The sale will add Liam Gallaghers fashion label, Pretty Green, to the...
McDonald's to use 100% solar power for US supply chain
Dec 19, 2022 06:42 am UTC| Nature Economy Business Life
McDonalds will purchase 470,000 megawatt hours of renewable energy every year from Enel North Americas Blue Jay solar project in Texas to support all of the energy needs of its US logistics supply chain. The fast-food...
IKEA Korea's sales drop 9% to suffer first decline since entering S. Korean market
Dec 18, 2022 09:26 am UTC| Economy Business Life
IKEA Koreas sales plunged 9 percent to US$475 million for its fiscal year 2022, suffering its first sales after eight years of continuous growth in its South Korean operations.. The South Korean arm of the Swedish...
White Castle gives $25,00 in NFT sales proceeds to employee fund
Dec 18, 2022 09:11 am UTC| Economy Business Life Digital Currency
White Castle is turning $25,000 from the sale of NFTs into employee aid through its Team Member Relief Fund. The 350-unit fast-food chain has been selling 5,001 unique digital images for a year for its 100th...
Indonesia’s GoTo to sell stake in retailer Alfamart to focus on profitability
Dec 17, 2022 14:36 pm UTC| Business Economy Life
Indonesias PT GoTo Gojek Tokopedia has sold its stake in local retailer Alfamart worth US$96.03 million to focus on profitability. GoTo shares are trading at record-low levels. After pre-IPO owners elected to...
Manchester United launches Tezos-powered NFT
Dec 17, 2022 07:39 am UTC| Sports Digital Currency Economy Business
Manchester United has introduced its first proof-of-stake blockchain Tezos-powered NFT in the form of a key that grants access to exclusive features. Fans of Manchester United, one of the worlds biggest soccer clubs,...
SPC Group’s chairman Hur Young In charged with breach of trust
Dec 17, 2022 04:51 am UTC| Business Economy
SPC Groups chairman Hur Young In has been indicted for underselling stocks owned by the group affiliates. This move is said to be a suspected attempt to avoid gift tax thus, he was charged with breach of trust. SPC...
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