
ESPN to Launch Its Own Standalone Streaming Service; Former Coach Nick Saban Joins the Company
Feb 08, 2024 03:49 am UTC| Business
ESPN is launching its own streaming service in the fall of 2025. This will be the cable sports channels flagship standalone platform. The cable firm said it will include all of its programming in its streaming service....

Disney, Epic Games Partner to Create New Games, Entertainment Universe
Feb 08, 2024 03:10 am UTC| Business
The Walt Disney Company announced investing $1.5 billion in an equity stake in Epic Games. This will allow mass media and entertainment firms to create new games with video game developers and publishers. Disney Bets...

Siemens Energy to Decide This Year When to Sell Revised Faulty Wind Turbine Models, CEO Says
Feb 07, 2024 09:55 am UTC| Business
According to CEO Christian Bruch, Siemens Energy, a leading global energy company, is set to decide on the timing of selling revised versions of its problematic 4X and 5X onshore wind turbine models. The company has faced...

Ryanair Wins Second Challenge Against 3.4 Billion Euro Dutch Bailout
Feb 07, 2024 09:55 am UTC| Business
Ryanair secured another legal triumph as Europes second top court ruled that EU competition regulators had failed to consider other beneficiaries within the Air France-KLM airline group. This decision comes after Ryanair...

LG Chem Secures $18.61 Billion Long-Term Supply Contract with General Motors
Feb 07, 2024 08:52 am UTC| Business
LG Chem, a leading battery materials supplier, has announced a significant long-term cathode material supply contract with General Motors (GM). Valued at 24.7 trillion won ($18.61 billion), this strategic partnership aims...

ByteDance Confirms Douyin Group CEO Zhang Nan Quits
Feb 07, 2024 08:49 am UTC| Business
ByteDance Ltd. reportedly confirmed that Zhang Nan, the chief executive officer of the Douyin Group, has resigned. The Chinese internet technology company shared the news on Wednesday, Feb. 7. According to Reuters,...

HK Stocks Slump After Record-highs, Traders Focus on Buybacks
Feb 07, 2024 08:09 am UTC| Business
Hong Kong stocks retreated after reaching a three-week high, with investors expressing caution regarding the sustainability of the weeks brief rally, which was driven by support from state funds. Market participants...