Netflix terminates 150 employees as it deals with huge subscriber losses
May 19, 2022 07:36 am UTC| Business Economy
Netflix is cutting jobs, and about 150 staff are affected by the decision that was confirmed on Tuesday, May 17. The company is getting rid of positions that are equivalent to less than two percent of its 11,000...
NATO branded beer launched by Finnish brewery as Finland seeks to join the treaty organization
May 19, 2022 07:13 am UTC| Business Economy
A Finnish brewery called Olaf Brewing launched a NATO branded beer, and this comes at a time when Finland is seeking to join the North Atlantic Treaty Organization. Over the weekend, the Savonlinna-based brewery decided to...
Allianz admits to defrauding teachers, clergy, bus drivers; Ordered to pay $6B
May 19, 2022 05:46 am UTC| Business Economy
Allianz SE, a German multinational financial services company headquartered in Munich, has agreed to pay around $6 billion to resolve its securities fraud charges in the United States. Also included in the charge sheet...
Nestle to supply baby formula from Europe to US due to shortage
May 19, 2022 05:34 am UTC| Business Economy
Nestle SA said it would be delivering baby formula to the United States from its plants in Switzerland and the Netherlands to help ease up the shortage in U.S. markets. The company announced on Tuesday, May 17, that it...
Smart basketball creator SIQ raises US$3 million to expand reach in delivering player analytics
May 18, 2022 22:50 pm UTC| Sports Business Economy
SIQ Basketball has raised US$3 million in additional funding to accelerate its ambition of delivering personalized analytics to every player in the world. The investment was led by KB Partners, a Chicago-based venture...
Bundesliga signs OneFootball, Sorare and Topps to create stickers, trading cards, NFTs
May 18, 2022 22:50 pm UTC| Sports Economy Business Digital Currency
The German Football League (DFL) has awarded licenses worth over US$179 million for stickers, trading cards, and non-fungible tokens (NFTs) to OneFootball, Sorare and Topps. The deals were a 280 percent increase from...
Skittles, Starbursts, Life Savers products recalled due to metal fragments
May 18, 2022 22:50 pm UTC| Life Health Economy Business
Mars Wrigley issued a voluntary recall of gummies released under the Skittles, Starburst, and Life Savers brand names due to the potential presence of metal fragments. There have been no recalls of traditional Skittles,...
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
Why Germany ditched nuclear before coal – and why it won’t go back
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