Cryptocurrencies help NBA gain US$1.64 billion in annual sponsorship fees for 2021/22
Jun 02, 2022 22:45 pm UTC| Sports Economy Business
Cryptocurrency brands helped the National Basketball Association (NBA) rake in US$1.64 billion in annual sponsorship fees for the 2021/22 season, a 12.5 percent, on-year increase, according to sponsorship consultancy...
SK materials officially changes name to SK Specialty
Jun 02, 2022 10:32 am UTC| Business Economy
SK materials announced this week that it had renamed the company, and it is now doing business as SK Specialty. The South Korean chemicals firm said that it made this move to underscore its new material business. SK...
Apple reportedly moving its gadget production line from China to Vietnam
Jun 02, 2022 09:37 am UTC| Business Economy
Apple is moving out of China but not entirely, as it is only transferring part of its manufacturing for iPad components. The tech company will move the said production to Vietnam. Nikkei Asia reported that this is the...
Deutsche Bank's DWS chief resigns after company raids for alleged 'greenwashing'
Jun 02, 2022 09:26 am UTC| Business Economy
DWS Group, a German asset management company, confirmed on Wednesday, June 1, that its chief executive officer, Asoka Woehrmann, is stepping down from his post. The announcement of his departure comes a day after...
Rimac raised €500M to expand production capacity, Porsche participates in the funding round
Jun 02, 2022 07:56 am UTC| Business Economy
Rimac Automobili, a Croatian car manufacturer headquartered in Sveta Nedelja, Croatia, that develops and produces electric sports cars, announced on Wednesday, June 1, that it was able to secure new funds and raised 500...
Elon Musk tells Tesla executive staff to return to the office or be fired
Jun 02, 2022 07:34 am UTC| Business Economy
Elon Musk reportedly demanded that Tesla executives to return and work at the office. The billionaire was said to have sent out an email on Tuesday, May 31, telling staff to be in the office for a specific minimum time...
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