Uniqlo’s parent company Fast Retailing is launching its first GU brand store in US
Aug 05, 2022 08:02 am UTC| Business Economy
Fast Retailing, a public Japanese retail holding company that owns Uniqlo, J Brand and GU, revealed on Thursday, Aug. 4, that it would be opening the very first GU discount clothing store in the United States. It said that...
Intel expects to close $5B deal with Italy to build chip plant in the country
Aug 05, 2022 07:53 am UTC| Business Economy
Intel semiconductor company based in California, United States, is reportedly close to sealing a deal with Italy for the construction of a new chip plant in the country. The contract is said to be worth $5 billion as per...
Unilever unveils Web3 metaverse initiative
Aug 04, 2022 23:54 pm UTC| Business Economy Technology
Unilever is embracing web3 and the metaverse, creating a cross-functional Web3 collective across marketing, finance, legal, media, procurement, and licensing. A consumer goods company, Unilever owns a raft of household...
NBA teams up with Sportradar on AI virtual games for betting apps
Aug 04, 2022 23:50 pm UTC| Sports Economy Business Technology
Sportradar will offer 3,000 virtual National Basketball Association (NBA) games a day to its betting partners, allowing them to offer markets at times when little or no live events are taking place. Every virtual NBA...
Lotte’s exports ₩41.9 billion worth of flavored soju over past 6 years
Aug 04, 2022 23:47 pm UTC| Business Economy Life
Lotte Chilsung Co. exported 41.9 billion won (US$32 million) worth of Soonhari flavored soju between 2016 and 2021. Soonhari, which is available in eight distinct flavors like apple, strawberry, and peach, was exported...
Heineken sees beer sales impacted by pressure on consumer finances
Aug 04, 2022 23:40 pm UTC| Business Economy Life
Heineken warned that while consumer demand has been resilient in the first half, there is mounting pressure on consumer purchasing power that will affect beer consumption. The beermaker made the warning after posting...
Lindt’s new Nagano Purple Chocolat Drink features rare luxury Japanese grape variety
Aug 04, 2022 23:33 pm UTC| Life Economy Business
Swiss chocolatier Lindt is showcasing a Japanese specialty with their latest limited-time release, enticingly called the Nagano Purple Chocolat Drink. This drink stands out for its beautiful purple shade and the...
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