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Tue, Apr 30, 2024 04:49 PM All times are UTC

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Reports that Beyoncé and Adidas call it quits trigger speculation of Puma deal

Mar 24, 2023 23:30 pm UTC| Sports Life Economy Business

Adidas has reportedly terminated its partnership with Beyoncé as its recent financial reports shared alarming numbers regarding its IVY PARK deal. There are speculations that the American icon could strike up a...

Foot Locker to exit Hong Kong, Macau while restructuring SE Asia presence

Mar 23, 2023 10:33 am UTC| Sports Economy Business Life

US footwear retailer Foot Locker will withdraw from Hong Kong and Macau while letting its distributor in Indonesia and the Philippines, MAP Active, take over its operations in Singapore and Malaysia The footwear giant...

NBA's LA Clippers taps Taiwan's Starlux as official airline partner

Mar 21, 2023 23:07 pm UTC| Sports Economy Business Life

The NBAs Los Angeles Clippers have signed a multi-year partnership that makes brand-new Taiwanese airline Starlux its official international airline partner. The deal gives Starlux activate in-flight branding,...

Michael Jordan in talks to sell majority stake in Charlotte Hornets

Mar 21, 2023 23:01 pm UTC| Sports Economy Business

Michael Jordan is negotiating to sell a majority stake in the Charlotte Hornets to a group led by the franchises minority owner Gabe Plotkin and Atlanta Hawks investor Rick Schnall. In 2010, Jordan paid $275 million...

S. Korea’s Balansa and Puma collaborate on running shoes, apparel

Mar 16, 2023 03:57 am UTC| Life Economy Business Sports

Busan-based Balansa, a vintage clothing store and sound shop, is collaborating with Puma on four new running shoe colorways and accompanying garments to launch on March 17. The upcoming series consists of the Puma...

Nike follows Puma’s suit to stop using kangaroo leather for soccer boots

Mar 15, 2023 23:18 pm UTC| Sports Life Economy Business

Nike announced it would stop using kangaroo leather for its Tiempo soccer boot line two weeks after PUMA said it would stop producing football boots with such material this year. According to Nike, it will replace the...

LeBron James ties up perpetually with Fenway Sports Group with increased stake acquisition

Mar 14, 2023 23:45 pm UTC| Sports Economy Business

LeBron James has secured additional equity in Fenway Sports Group (FSG) as part of a lifetime deal between Fenway Sports Management (FSM) and his LRMR Ventures investment firm. The deal ensures that FSM will be able to...

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Economy

Beyond the spin, beyond the handouts, here’s how to get a handle on what’s really happening on budget night

Three weeks from now, some of us will be presented with a mountain of budget papers, and just about all of us will get to hear about them on radio, TV or news websites on budget night. The quickest way to find out what...

Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility

Ivan Vladislavić is Johannesburgs literary linkman. He tells us, in the first pages of his new book, The Near North, that before cities were lit, first by gaslight and later electricity, people of means paid torchbearers...

Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget

With Jim Chalmerss third budget on May 14, Australians will be looking for some more cost-of-living relief beyond the tax cuts although they have been warned extra measures will be modest. As this weeks consumer price...

Inflation is slowly falling, while student debt is climbing: 6 graphs that explain today’s CPI

Australias inflation rate has fallen for the fifth successive quarter, and its now less than half of what it was back in late 2022. The annual rate peaked at 7.8% in the December quarter of 2022 and is now just 3.6%, in...

Why is the London Stock Exchange losing out to the US

London Stock Exchange (LSE), which can trace its heritage to the coffee houses of the 17th century, is failing. The volume of shares traded is sharply declining, and some UK companies are swiftly moving to the US...

Politics

Labour can afford to be far more ambitious with its economic policies – voters are on board

To say that the Labour party is flying high in the polls is something of an understatement. But despite its consistent lead against the Tories, the opposition finds itself in a rather odd position: on the cusp of power but...

History for sale: what does South Africa’s struggle heritage mean after 30 years of democracy?

One of my favourite statues is the one of Nelson Mandela at the Sandton City shopping centre in Johannesburg. Larger than life, its oversized bronze shoes shimmer in the evening light, polished by the hands of many...

Sudan: civil war stretches into a second year with no end in sight

In the early hours of April 15 2023, the Rapid Support Forces (RSF) a Sudanese paramilitary force attacked the military airstrip in the town of Merowe and deployed troops across strategic locations in Sudans capital,...

Military conscription is returning to Europe, but is it really a more equal way of mobilising? What history tells us

The idea that conscription, defined as the compulsory enlistment of citizens for military service, can increase equality and instil a sense of solidarity that transcends traditional societal divides has echoed throughout...

Joe Biden Proposes Record 44.6% Capital Gains Tax in Latest Budget Plan That May Favor Cryptocurrencies

President Joe Biden has proposed raising the capital gains tax to an unprecedented 44.6% in a bold fiscal move, targeting the wealthiest Americans. This hike is part of his 2025 budget proposal to reduce income...

Science

A Nasa rover has reached a promising place to search for fossilised life on Mars

While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is trundling around Mars looking for fossils. Unlike its predecessor Curiosity, Nasas Perseverance rover is explicitly intended to...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Peter Higgs was one of the greats of particle physics. He transformed what we know about the building blocks of the universe

Peter Higgs, who gave his name to the subatomic particle known as the Higgs boson, has died aged 94. He was always a modest man, especially when considering that he was one of the greats of particle physics the area of...

Could a telescope ever see the beginning of time? An astronomer explains

The James Webb Space Telescope, or JWST for short, is one of the most advanced telescopes ever built. Planning for JWST began over 25 years ago, and construction efforts spanned over a decade. It was launched into space on...

US media coverage of new science less likely to mention researchers with African and East Asian names

When one Chinese national recently petitioned the U.S. Citizenship and Immigration Services to become a permanent resident, he thought his chances were pretty good. As an accomplished biologist, he figured that news...

Technology

Apple Escalates AI Talent War, Poaches 36 Google Experts for Zurich Initiative

Stepping up its AI game, Apples Zurich lab has successfully attracted 36 experts from Google, marking a significant expansion in its artificial intelligence (AI) operations. Apples Aggressive AI Talent...

Binance's CZ Partners with OpenAI's Altman on AI Investment Venture

Changpeng Zhao, the former CEO of Binance, is engaging in strategic talks with OpenAI CEO Sam Altman to explore potential investments in artificial intelligence. This collaboration comes as Zhao faces significant legal...

Hong Kong's First ETFs Underperform Expectations as Bitcoin Falls Below $62K

In a disappointing debut, Hong Kongs inaugural Bitcoin and Ether ETFs attracted minimal trading volume, contributing to a sharp 2% drop in Bitcoin prices to just under $62,000 and a 2.8% decline in Ether, as investors...

Intel, Naver, and KAIST to Jointly Open an AI R&D in South Korea

Intel Corporation, Naver Corp., and the Korea Advanced Institute of Science and Technology (KAIST) have partnered to open a new artificial intelligence center in South Korea. KAIST said on Tuesday, April 30, that they will...

Tesla Faces Stiff Competition in China’s Self-Driving Race

Teslas ambition to dominate Chinas self-driving market faces significant challenges as local rivals like BYD and Huawei rapidly advance in autonomous technology. During his recent visit to Beijing, Elon Musk discussed...