Ferrari announces $550M investment for R&D in Italy and generates 250 jobs
Mar 23, 2022 07:38 am UTC| Business Economy
Ferrari revealed on Tuesday, March 22, it will be investing 500 million or around $550 million in its Italian plants located in the city of Maranello and Modena. The luxury sports car manufacturer is putting in funds to...
Exxon Mobil hires former GM president to head its Low Carbon Solutions business
Mar 23, 2022 06:41 am UTC| Business Economy
Exxon Mobil Corp. announced on Tuesday, March 22, that it has hired former General Motors president, Dan Ammann, to be the chief of its energy transition business. The new appointment signals the shift for the oil and gas...
FanCraze raises US$100 million in funding round involving soccer star Cristiano Ronaldo
Mar 22, 2022 23:52 pm UTC| Sports Economy Digital Currency Investing
FanCraze has raised US$100 million in a Series A funding round that included the participation of soccer star Cristiano Ronaldo and venture capital firms B Capital Group and Insight Partners. The round, yet to be...
Naomi Osaka gets equity stake, payments in digital currency as part of FTX ambassador deal
Mar 22, 2022 23:49 pm UTC| Digital Currency Investing Sports Economy
Japanese tennis star Naomi Osaka will get an equity stake and some payments in digital currency after agreeing to be a global ambassador in the cryptocurrency exchange platform FTX. Osakas playing apparel during...
Porsche names Emma Raducanu as brand ambassador
Mar 22, 2022 23:45 pm UTC| Economy Sports Business
British tennis star Emma Raducanu has been named brand ambassador of Porsche, joining her German rival Angelique Kerber, and ensuring her participation at the WTA Tours Porsche Tennis Grand Prix event. The deal also...
LG Electronics selling its in-vehicle wireless charging biz to Apple and Samsung's supplier
Mar 22, 2022 10:07 am UTC| Business Economy
LG Electronics is selling another one of its businesses, and this time, it is its in-vehicle wireless charging unit. It was reported that the South Korean electronics company is in talks with Apples supplier, BH Co., for a...
Kao USA recalls Jergens lotion over bacterial infection
Mar 22, 2022 10:02 am UTC| Business Economy
Jergens, a brand known for its skincare line, has issued a voluntary recall on some of its products because of possible bacteria contamination. The U.S. Food and Drug Administration also released a notice for the...
Labour can afford to be far more ambitious with its economic policies – voters are on board
Elon Musk vs Australia: global content take-down orders can harm the internet if adopted widely