Twitter reportedly asks terminated employees to return to the office
Nov 09, 2022 07:30 am UTC| Business Economy
Twitter Inc. terminated thousands of employees late last week, and now it was reported that the company wants some of them back. Following the takeover of Elon Musk, about 3.500 staff were said to have been terminated on...
Negative equity is looming for some home owners – but you only need to worry if you need to sell
Nov 09, 2022 03:41 am UTC| Economy Real Estate
It feels like a perfect storm is building. The rising cost of living and higher interest rates are putting household budgets under stress, and falling house prices could push some home owners into negative equity. On...
Luxury kimchi from hotels gains popularity in S. Korea despite high prices
Nov 08, 2022 23:43 pm UTC| Life Economy Business
Kimchi made by luxury hotels, such as Josun Hotels and Walkerhill Hotels, is gaining popularity despite its exorbitant prices. Josun Hotels Resorts, which sells 22 kinds of kimchi, enjoyed a 59 percent jump in kimchi...
Japanese fund secures ¥1 trillion to buy Toshiba
Nov 08, 2022 23:38 pm UTC| Investing Economy Business
Investment fund Japan Industrial Partners Inc. has secured about 1 trillion yen offered by a group of more than 10 Japanese companies, to acquire Toshiba Corp However, Japan Industrial Partners Inc. failed to meet...
Arne Freundt starts work immediately as Puma CEO
Nov 08, 2022 23:20 pm UTC| Sports Economy Business
Arne Freundt took over as Puma CEO effective immediately to replace Bjorn Gulden who relinquished the post to head rival Adidas. Pumas appointment of Freundt as chief executive with immediate effect on Tuesday came...
NBA creates private equity division to increase investments in sports startups
Nov 08, 2022 23:16 pm UTC| Sports Economy Business
The NBA has created a new private equity division primarily focused on early-stage funding rounds in equipment, media, fan engagement, betting, and fantasy sports. The division could also look to invest in later-stage...
Walgreens VillageMD unit is acquiring Summit Health for $9B
Nov 08, 2022 09:55 am UTC| Business Economy
Walgreens Boots Alliances unit, VillageMD, is buying Summit Health-CityMD for a reported $9 billion deal. The acquisition that was announced on Monday will create one of the largest healthcare providers in the United...
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects