Adidas' next CEO has massive task of dealing with unsold shoes
Oct 23, 2022 22:39 pm UTC| Life Sports Economy Business
Adidas AG revealed that unsold goods are piling up as consumer demand weakens across China and western markets, sending the German sports apparel makers stock slumping as much as 10 percent. Its Adidas second profit...
Hormel in talks to acquire stake in GarudaFood
Oct 23, 2022 22:16 pm UTC| Economy Business
Hormel Foods Corp. is hammering out the details to acquire a minority stake in Indonesias top snack-food maker PT GarudaFood Putra Putri Jaya from private equity firm CVC Capital Partners for a few hundred million...
Casio to release flare red models for G-SHOCK 40th anniversary
Oct 21, 2022 23:59 pm UTC| Life Economy Business
Casio Computer Co., Ltd. will release two new additions to the G-SHOCK watches: the MTG-B3000FR and GWG-2040FR in the run-up to the 40th anniversary of the shock-resistant brand on April 2023. The two Flare Red...
Nestlé invests €2.3m in green thermal energy system at Spanish factory
Oct 21, 2022 23:59 pm UTC| Nature Economy Business
Nestlé has invested 2.3 million in an efficient thermal energy system at its chocolate factory in La Penilla de Cayón, Spain, which will save energy by almost 5 percent while reducing CO2 emissions by almost...
Coupang Play to exclusively stream La Liga in South Korea
Oct 21, 2022 23:59 pm UTC| Sports Economy Business
Coupang has signed a five-year agreement to take over the South Korean broadcast partnership for Spanish soccers La Liga. The deal kicks in from the start of the 2023/24 season. The South Korean e-commerce company,...
Lionel Messi sets up sports investment firm
Oct 21, 2022 23:58 pm UTC| Sports Economy Business
Soccer icon Lionel Messi has launched a California-based firm focusing on global investments in the sports, technology, and media spaces dubbed the Play Time Sports-Tech. The firm seeks to invest in stage agnostic...
NBA nets highest opening night TV audience in 5 years with 3.3 million viewers
Oct 21, 2022 23:58 pm UTC| Sports Economy Business
The NBA had an average audience of 3.3 million viewers for its opening night to record the highest TV audience in five years, with a 17 percent increase on the 2021/22 season, according to Sports Media Watch. The league...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects