UK’s Next to acquire collapsed Made.com furniture retailer, over 400 jobs are at risk
Nov 10, 2022 08:46 am UTC| Business Economy
Next Plc is buying the Made.com furniture, and home accessories retailer brand for 3.4 million or about $3.8 million after the latter fell into administration with more than 400 employees losing their jobs. As Made.com...
Nov 10, 2022 08:36 am UTC| Business Economy
Essilor International, the French ophthalmic optics company that designs, manufactures and distributes lenses, was fined by the French Competition Authority (FCA). The company will have to shell out 81 million to settle...
AMC Theatres partners with Zoom to launch the ‘Zoom Room’ in its US cinemas
Nov 10, 2022 08:02 am UTC| Business Economy
AMC Theatres made an unexpected partnership announcement earlier this week. The movie theater chain said it had signed a deal with Zoom to open Zoom Room in 17 theater locations in the United States. AMC Theaters said...
S. Korean carmakers focus on selling high-end vehicles with higher margins
Nov 09, 2022 23:56 pm UTC| Life Economy Business
South Korean carmakers Hyundai and GM Korea are focusing on selling high-end vehicles to better cope with a possible car sales decline due to the global economic slump. The sales of SUVs among Hyundai Motor Co.s...
LBRY violated law by using digital assets as unregistered securities: US judge
Nov 09, 2022 23:56 pm UTC| Digital Currency Economy Business
A US judge ruled that blockchain-based publishing company LBRY Inc offered its digital assets as securities without registering them. The US Securities and Exchange Commission (SEC) sued LBRY last year for violating a...
Ford, Mercedes lead camper van manufacturers supporting van life
Nov 09, 2022 23:56 pm UTC| Life Economy Business
Ford and Mercedes are targeting a random niche customer base of camper vans, with Ford already taking orders for its 2023 Transit Trail Van, and Mercedes-Benz is teasing the Concept EQT Marco Polo camper van....
Nintendo's profit surges on Switch, software sales
Nov 09, 2022 23:55 pm UTC| Life Economy Business Technology
Nintendo Co recorded a 34 percent profit surge in the first half of the fiscal year on strong sales of its Switch console. That prompted the Japanese video game maker to raise its profit forecast for the April-March...
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects