Mercedes-Benz, Renault take flak for abandoning Busan Motor Show
May 30, 2022 23:39 pm UTC| Business Economy
Mercedes-Benz and Renault Motors have been criticized for not taking part in the 2022 Busan International Motor Show (BIMOS), prioritizing finances over participation as members of the nations automotive...
Delhi Capitals to launch NFTs with FanCraze
May 30, 2022 23:36 pm UTC| Sports Economy Business
The Indian Premier Leagues (IPL) Delhi Capitals has partnered with sports blockchain technology firm FanCraze for the launching of non-fungible tokens (NFTs) and Web 3.0 experiences. The Capitals would be the first team...
Fiba approves use of glass LED courts for elite tournaments like world Cup
May 30, 2022 23:31 pm UTC| Sports Economy Business
The International Basketball Federation (Fiba) has approved the use of LED glass courts in elite-level tournaments, allowing new broadcast experiences and sponsorships activations. The surface can be used in any number...
Warriors, 76ers, Devils, and Giants owners take part in US$30 million Gametime funding round
May 30, 2022 23:26 pm UTC| Sports Economy Business
Ticketing platform Gametime generated US$30 million in a funding round involving co-managing partner of the Philadelphia 76ers and New Jersey Devils David Blitzer, San Francisco Giants owner Jeff Mallet, and Golden State...
Ballooning inventories force US retailers Walmart, Costco, Gap, and Macy’s to discount goods
May 30, 2022 21:31 pm UTC| Business Economy
Major US retailers that recently scrambled to restock shelves amid product shortages, such as Walmart, Costco, Gap, and Macys are now packed with too much merchandise they are forced to discount unsold goods. During the...
60 UK companies to hold four-day workweek trials
May 30, 2022 20:57 pm UTC| Business Economy
Sixty UK companies will conduct a six-month trial of a four-day working week to help firms shorten their working hours without cutting salaries or sacrificing revenues. Such trials have been conducted in Spain, Iceland,...
Samsung Display to close LCD business due to competition from Chinese, Taiwanese brands
May 30, 2022 20:50 pm UTC| Business Economy
Samsung Display will close its liquid-crystal display (LCD) business in June due to a declining global competitive edge because of cheaper products made by its Chinese and Taiwanese counterparts. The decision by Samsung...
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’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects