Com2uS buys stake in SM Entertainment worth $47M
Nov 03, 2022 06:55 am UTC| Business Economy
Com2uS Studios acquires a 4.2% stake in SM Entertainment, and this is said to be equivalent to 990,000 shares. The South Korean mobile and online game developer and publisher is reportedly investing a total of $47 million...
Penguin Random House, Simon & Schuster $2B merger blocked by US court
Nov 03, 2022 06:27 am UTC| Business Economy
Penguin Random House and Simon Schusters $2 billion merger deal is officially not happening after the federal judge in the United States did not approve the tie-up of two of the most well-known book publishers in the...
Nov 03, 2022 06:19 am UTC| Business Economy
Amazon Music announced it has expanded its Prime benefit for members. The music streaming platform and online music store operated by Amazon said on Tuesday, Nov. 1, that all Prime members will now be able to enjoy more...
Lotte Shopping partners with UK’s Ocado Group to expand its online grocery store
Nov 03, 2022 05:37 am UTC| Business Economy
Lotte Shopping recently signed a deal with the UK-based Ocado Group Plc for the expansion of its online grocery store. Their new partnership was announced on Tuesday, Nov. 1. South Koreas Lotte Shopping retail company...
Johnson & Johnson buys Abiomed medical device company for $16.6 billion
Nov 03, 2022 05:17 am UTC| Business Economy
Johnson Johnson acquires Abiomed medical device technology company that develops and manufactures temporary external and implantable mechanical circulatory support devices such as the heart pump. The company invested...
Frito-Lay introduces bite-sized versions of Doritos, Cheetos, and SunChips
Nov 02, 2022 22:50 pm UTC| Life Economy Business
Frito-Lay introduced its bite-sized classic flavors of Doritos, Cheetos, and SunChips, packaged in convenient canisters dubbed Frito-Lay Minis. According to Stacy Taffet, senior vice president of marketing at Frito-Lay...
Panasonic to start building EV battery factory in US to supply Tesla
Nov 02, 2022 22:49 pm UTC| Nature Economy Business
Panasonic will begin constructing a $4 billion plant this month to produce batteries for electric vehicles in Kansas, USA, widely seen for supplying to Tesla. According to Panasonic Energy President Kazuo Tadanobu, they...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
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Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight