Marks & Spencer to exit Russia after 17 years
May 26, 2022 09:24 am UTC| Business Economy
Marks Spencer is another major brand that announced its intention to pull out of Russia. This is not a temporary suspension of business but an official exit from the Russian market. Marks Spencer also issued a warning...
Nike ends franchise contracts in Russia, prepares to exit
May 26, 2022 09:06 am UTC| Business Economy
Nike, the American sportswear and sneaker maker, has ended its resale contracts in Russia by not renewing its agreement with its largest local franchisee there. The move was first revealed on Wednesday, May...
Amazon may sublease warehouses as online shopping slows down
May 26, 2022 08:49 am UTC| Business Economy
Amazon is planning to sublease its warehouses as its online sales cooled down. It was reported that the e-commerce company is aiming to lease at least 10 million square feet of space in its facilities. The plan was...
Chanel may limit purchases to open private stores for top customers
May 26, 2022 06:59 am UTC| Business Economy
Chanel could limit customers purchases as the company heighten its grip on product distribution amid the strong demand. The French luxury fashion house said that for this, it may duplicate and apply the same purchase...
Uber signs deal with IT Taxi to expand business in Italy
May 26, 2022 06:25 am UTC| Business Economy
Uber has secured a deal with Italys largest taxi dispatch service to expand its business there. The American mobility as a service provider has teamed up with IT Taxi, and this partnership aims to boost the firms presence...
MLB holds talks with KBO over hosting international games
May 26, 2022 03:07 am UTC| Sports Economy Business
Major League Baseball (MLB) has been negotiating with the Korean Baseball Organization (KBO) over hosting fixtures in each others countries to globalize the sport. KBO commissioner Heo Koo-youn met with Jim Small, MLBs...
S. Korean scientists develop magnet-based soil purification tech
May 25, 2022 23:07 pm UTC| Science Economy Business
The Korea Atomic Energy Research Institute had developed a method for purifying radioactively contaminated soil by using magnets to separate radioactive cesium from the soil. Cesium is most frequently found in...
Gabon: post-coup dialogue has mapped out path to democracy – now military leaders must act
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects