Adidas to merge US, Canadian operations to boost efficiency
Jan 17, 2023 08:30 am UTC| Business Economy Sports
Adidas is consolidating its US and Canada operations as it considers ways to boost speed and cohesion, according to the brands spokesperson. The implementation of the changes will conclude by the spring, with business...
DAZN delays IPO as losses reach $1.35 billion
Jan 14, 2023 23:34 pm UTC| Sports Economy Business
DAZN is suspending initial public offering (IPO) plans due to $1.35 billion in losses caused by soaring broadcast rights costs The global sports streaming service had been eyeing a floatation following a restructuring...
WWE sale heats up with Saudi group, Comcast, Endeavor expected to bid
Jan 11, 2023 22:51 pm UTC| Sports Economy Business
The sale of the World Wrestling Entertainment (WWE) has kicked into top gear with former CEO Vince McMahon overseeing the deal. McMahon intends to return to the company to fully capitalize on upcoming media rights talks...
Toyota to test liquid hydrogen car in 2023 endurance races
Jan 10, 2023 21:55 pm UTC| Nature Sports Economy Business
Toyota Motor Corp plans to enter a liquid hydrogen-powered car in the 2023 endurance race events to make environmentally-friendly vehicles commercially viable. On top of developing electric vehicles to achieve...
Majority of F1 teams against grid's expansion, questions Cadillac's intentions of joining
Jan 09, 2023 22:07 pm UTC| Sports Economy Business
A strong majority of the Formula 1 grid is against adding new teams as it would reduce revenues for existing members. Furthermore, Cadillacs intention of not bringing a full-manufacturer commitment to Formula 1, with...
Golden State Warriors owner Joe Lacob expresses interest in acquiring LA Angels
Jan 09, 2023 21:45 pm UTC| Sports Economy Business
Golden State Warriors majority owner Joe Lacob expressed interest in acquiring Major League Baseballs (MLB) Los Angeles Angels. Lacob, who bought the NBAs Warriors in 2010 for US$450 million, confirmed he is looking at...
Argentina FA now in Upland’s metaverse after World Cup win
Jan 05, 2023 23:13 pm UTC| Technology Sports Economy Business
Uplands metaverse has included the Argentinian Football Association (AFA), offering fans the opportunity to acquire NFTs and access a Buenos Aires-based environment. Through its partnership with the AFA, Upland will...
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
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