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Mercedes F1 signs extends $75 million per year Petronas deal

Sep 29, 2022 05:57 am UTC| Sports Economy Business

The Mercedes Formula One team and Petronas have extended their multi-year title sponsorship deal worth US$75 million per year, taking the contract past its current 2026 expiration. As part of the early renewal deal, the...

NBA’s overhauls global app into one-stop shop

Sep 28, 2022 21:27 pm UTC| Sports Economy Business Technology

The NBA has revamped its global app to become a one-stop shop for basketball fans around the world, The NBA App combines a wide range of original material, alternative broadcasts, and archived content with the existing...

NFL taps up IG as presenting partner for London games

Sep 28, 2022 21:26 pm UTC| Sports Economy Business

The National Football League (NFL) has tapped online trading and investments firm IG as its presenting partner for three regular-season games in London. The deal also includes the designation of IG as NFL UKs lead...

Premier League’s $427 million NFT deal hit by crypto crash

Sep 28, 2022 21:22 pm UTC| Sports Technology Economy Business

The Premier Leagues plans to launch non-fungible tokens (NFTs) have reportedly been derailed by the cryptocurrency crash, threatening a potential new revenue stream worth over US$427 million. Earlier this year, it was...

AC Milan taps MonkeyLeague as NFT gaming partner

Sep 28, 2022 21:16 pm UTC| Sports Technology Economy Business

AC Milan has signed a new partnership deal designating the MonkeyLeague, a Web 3.0 soccer title, as their non-fungible token (NFT) gaming partner. MonkeyLeague, a platform built on the Solana blockchain, enables users...

NFL strikes $50 million a year Super Bowl halftime sponsorship deal with Apple

Sep 24, 2022 23:58 pm UTC| Sports Economy Business

The National Football League inked a five-year deal worth $50 million annually with Apple as its new sponsor for its Super Bowl halftime show, to be billed as the Apple Music Super Bowl Halftime Show. The deal will kick...

Amazon founder Jeff Bezos, ex-Disney CEO Bob Iger interested in acquiring Phoenix Suns

Sep 23, 2022 23:58 pm UTC| Sports Economy Business

Amazon founder Jeff Bezos, ex-Disney CEO Bob Iger, Oracle co-founder Larry Ellison, and Steve Jobss widow Laurene Powell Jobs have been named as parties interested in acquiring the Phoenix franchises after majority owner...

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Economy

Tesla announces the addition of Airbnb's Joseph Gebbia to its Board.

Tesla Inc. announced on Wednesday, Sept. 28, that Joseph Gebbia had joined the companys board. The newcomer is the co-founder of Airbnb vacation rental firm based in San Francisco, California. As per Reuters, Gebbias...

Lotte Chemical finally decided to buy Iljin Materials to expand in the global EV sector.

Lotte Chemicals is buying Iljin Materials copper foil company for KRW2.7 trillion or around $1.9 billion. This is a strategic acquisition deal as the Songpa-gu, Seoul-headquartered chemical company is aiming to become a...

Biogen is ending its kickback lawsuit with a settlement that will cost the company $900 million.

Biogen is set to pay a total of $900 million to settle a long-running lawsuit related to allegations of illegal payments to doctors. The biotech company based in Cambridge, Massachusetts, was said to have paid physicians...

Hertz, BP oil company sign a deal for the installation of EV chargers around the U.S.

Hertz car rental firm based in Estero, Florida, has teamed up with BP plc oil company to build electric vehicle charging stations across the United States. The plan is to install thousands of chargers as the number of EVs...

Samsung launches its credit cards in India with the aim of encouraging repeat purchases and increase sales.

Samsung Electronics introduced two new credit cards in India even when this line of business is already crowded in the country. It was reported that the South Korean conglomerate has entered the credit card scene in the...

Politics

Opposition leader Keir Starmer calls for the government to recall parliament and scrap plans for tax breaks.

The British opposition Labor Party leader Keir Starmer has called for the government to recall parliament and scrap plans to cut taxes and increase borrowing. Starmer said that the government should recall parliament...

The White House announced during its summit on hunger, nutrition, and health that the private sector has made $8 billion in pledges to combat the issue.

US President Joe Biden announced this week that the private sector had pledged $8 billion to fight hunger in the country. Hundreds of millions of dollars would be spent on ensuring meals after lawmakers failed to extend...

US-based Iranian journalist Masih Alinejad said the ongoing protests are a "result of 40 years of women fighting back."

Protests continue in Iran following the death of 22-year-old Mahsa Amini in the custody of the countrys Morality Police. A US-based Iranian journalist said Aminis death marks a tipping point for Iran. Speaking with...

The acting Afghan commerce and industry minister said Russia will supply Afghanistan with gasoline, gas, diesel, and wheat as part of its provisional deal.

Afghanistans acting Commerce and Industry Minister said the insurgent group has signed a provisional deal with Russia to supply gas, diesel, and wheat. This comes as the ministry is looking to diversify its trading...

Science

Celltrion will receive US$10 million in milestone payments after successfully passing key stages of the development and approval cycle.

South Koreas Celltrion Inc. will jointly develop and work on the market release with Abpro Corp. of the US on a breast cancer treatment candidate ABP 10 Under the deal, Celltrion will receive US$10 million in milestone...

Current Canadian and American management efforts do not go far enough to decrease entanglement hazards and encourage the recovery of the North Atlantic right whale.

The Monterey Bay Aquariums Seafood Watch program added the American red lobster, caught in both US and Canada to its red list. Other species also added to the list are the snow crab, Atlantic rock crab, and others that...

The microscope unit, which also manufactures industrial endoscopes and x-ray analyzers, will be transferred to Bain on January 4, subject to antitrust regulatory approvals in Japan and elsewhere.

Olympus had agreed to sell its microscope unit to private equity firm Bain Capital for $3.1 billion as it speeds up the overhaul of its business portfolio to focus solely on medical technology The microscope unit, which...

The research team discovered that steamed mealworms emit a strong, corn-like odor, and when grilled or fried, they gave off a shrimp and frying oil-like scent.

South Korean researchers from Wonkwang University have developed a new process that uses edible insects to create meat-flavored seasoning. The research team came up with 98 volatile compounds with varying amounts of...

The resulting thermoplastic resin could be purified through a distillation process to make food-grade potassium lactate.

Wind turbine blades could eventually be recycled into gummies according to a Michigan State University professor, This was discussed during the American Chemical Societys fall conference, which kicked off in Chicago...

Technology

Samsung could be removing the camera bump on all Galaxy S23 models

Samsung is still a few months away from launching its next lineup of flagship Galaxy phones. But it is not too early for Galaxy S23 leaks to start appearing online. A series of image renders were released recently,...

Ubisoft delays ‘Skull and Bones’ launch to March 2023

The saga of Skull and Bones getting delayed continues even though Ubisoft said its development is already completed. Instead of launching this year, the pirate game will now arrive in early 2023. Ubisoft ended the Skull...

CD Projekt Red announced it had already sold 20 million copies of ‘Cyberpunk 2077’

The string of good news for the developers of Cyberpunk 2077 continues as CD Projekt Red announced a major milestone on Wednesday. In under two years, 20 million copies of the game had been sold worldwide. Over 20...

Amazon launches Kindle Scribe, its first e-reader with reading and writing functionality

Amazon held its fall product launch event on Wednesday, where the company announced its first e-reader with notetaking functionality. Aptly named Kindle Scribe, the device will also ship with a stylus pen that never needs...

Netflix subscribers can now set up a unique username for their games

Netflix Games gained a new feature on Wednesday that allows subscribers to create a unique username that will be displayed in their games. The streaming giant also appears to be adding social features to multiplayer games...
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