Adidas reveals final bidders for Reebok acquisition
Jul 02, 2021 08:16 am UTC| Business Economy
Adidas is drawing up a list of final bidders for the sale of Reebok, a brand that it acquired but failed to deliver the companys expectations. Now it has put it up for sale and is hoping to get a good deal for it. The...
Toyota is America’s best-selling vehicle after it tops GM sales in the U.S.
Jul 02, 2021 07:10 am UTC| Business Economy
Toyota Motor outdid General Motors in terms of sales to become the best-selling carmaker in the U.S. It was reported that this happened for the first time ever. Toyota beats analysts expectations According to CNBC,...
Nissan is building EV battery gigafactory and expanding electric car biz in the UK
Jul 02, 2021 06:16 am UTC| Business Economy
Nissan is investing $1.38 billion or 1 billion for its plans to construct a gigafactory in Sunderland, U.K. This was announced by the Japanese automaker on Thursday, July 1. The massive plant will not only be beneficial...
PepsiCo pledges to lower sugar levels of sodas and introduce healthier snacks in EU by 2025
Jul 02, 2021 06:03 am UTC| Business Economy
PepsiCo announced on Thursday, July 1, that it would be reducing the sugar content of its iced teas and soda drinks. The American multinational food, snack, and beverage corporation headquartered in New York said it is...
S. Korea's E-Mart 24 to open more semi-unmanned stores
Jul 02, 2021 01:45 am UTC| Economy Business
E-Mart 24 will increase the number of hybrid stores operated by employees in the daytime but function without workers late at night. The initiative boosts revenue at stores that are usually closed from 11 pm to 6 am,...
STX Offshore wins orders for 12 ships from Oceanian companies
Jul 01, 2021 23:15 pm UTC| Economy Business
STX Offshore Shipbuilding Co. won deals to build 12 ships for Oceanian companies, consisting of four 115,000-ton oil tankers, six 50,000-ton petrochemical carriers (PCs), and two 10,000-ton PCs. The deal for four oil...
Ghana sees less secondhand vehicle importations with the launching of Toyota assembly plant
Jul 01, 2021 22:56 pm UTC| Economy Business
Ghana President Nana Akuffo-Addo expects Toyotas newly-launched $7 million assembly plant with an annual production capacity of around 1,330 units in the country to help reduce its secondhand vehicle importations and boost...
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
Why Germany ditched nuclear before coal – and why it won’t go back
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