Hyatt buys Dream Hotel Group's hotel brands in multimillion deal
Dec 01, 2022 10:18 am UTC| Business Economy
Hyatt Hotels Corporation is acquiring Dream Hotel Groups lifestyle hotel brands and management platform. This will add the latters Dream Hotels, Unscripted Hotels, and Chatwal Hotels to the Illinois-headquartered...
AMC Networks announces the departure of its CEO less than three months into the job
Dec 01, 2022 09:33 am UTC| Business Economy
AMC Networks chief executive officer, Christina Spade, is leaving just three months after her assignment to the role. Her departure was confirmed by the company on Tuesday, Nov. 29, and she is stepping down amid its plans...
Apple Pay reportedly coming to South Korea soon
Dec 01, 2022 09:11 am UTC| Business Economy
Apple Pay is reportedly arriving in South Korea but the exact date of launch has been confusing. Based on the reports this week, some media outlets stated it will be activated in the country on Nov. 30 but others said it...
Disney acquires MLB's stake in BAMTech streaming unit for $900M
Dec 01, 2022 08:24 am UTC| Business Economy
Walt Disney Company acquires the remaining 15% stake owned by Major League Baseball (MLB) in its BAMTech streaming unit. The deal is said to be worth $900 million based on the filing with the U.S. Securities Exchange...
Primark investing over $100M in Spain to open new stores and hire 1,000 employees
Dec 01, 2022 07:23 am UTC| Business Economy
Primark fashion retailer revealed its plan to spend $103.5 million or 100 million to launch new stores in Spain, which is its second-largest market. The company said on Tuesday, Nov. 29, that it will open eight stores...
KT, Coway reveals tie-up for AI-based smart home appliances business
Dec 01, 2022 07:04 am UTC| Business Economy
KT Corp. and Coway Co. Ltd. agreed to team up and work together for the development and production of artificial intelligence (AI)-based home appliances. Their partnership deal was revealed on Wednesday, Nov. 30. KT...
MBK Partners to acquire Medit after replacing Carlyle consortium as preferred bidder
Dec 01, 2022 06:20 am UTC| Business Economy
MBK Partners has been tapped by Citigroup Global Markets Securities as the preferred bidder to buy Medit dental scanners and solutions firm. With this decision, the Carlyle-led consortium is now out of the bid race. MBK...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects