Nestlé acquires Orgain to expand its plant-based portfolio
Feb 07, 2022 14:06 pm UTC| Business Economy
Nestle has a newly-acquired company, and it is the protein shake maker, Orgain. The latter produces plant-based bars, shakes, and protein powders, and the Swiss multinational food and drink processing company headquartered...
Ford Motor suspends, reduces production at 8 factories over chip shortage
Feb 07, 2022 10:09 am UTC| Business Economy
Ford Motor Company is planning to temporarily stop or reduce production in eight of its plants located in the United States, Canada, and Mexico. The suspensions will run throughout next week, and the automaker cited chip...
Burger King scraps Ibersol contract for brand development in Portugal
Feb 07, 2022 09:54 am UTC| Business Economy
Burger King Portugal has ended its BK brand development in the country by terminating its contract with Ibersol SGPS SA, a Portugal-based firm that is mainly engaged in the operation of restaurants. The contract has...
Nike, Hermès sued retailers for trademark infringement on images used in NFTs
Feb 07, 2022 09:18 am UTC| Business Economy
Nike and Hermès have filed a case against retailers for the use of their images without permission. The companies have brought online sneaker reseller StockX and Mason Rothschild, respectively, to the court for...
Nike, Amazon considering bids for Peloton acquisition
Feb 07, 2022 07:46 am UTC| Business Economy
Nike and Amazon may place bids for the acquisition of Peloton Interactive. The two major American companies are potential buyers for the troubled exercise equipment company. An insider stated that Jeff Bezos Amazon...
Burger King Spain try a new kind of business not related to fast-food
Feb 07, 2022 06:58 am UTC| Business Economy
Burger King Spain is trying something new, and it is not related to fast-food at all. The brand is known for its flame-grilled burgers and sides, but its new business is completely different. El Caso reported that...
Nexon stake purchased by Saudi Arabian sovereign wealth fund for $883 million
Feb 07, 2022 05:53 am UTC| Business Economy
Nexon Co., the South Korean video game company, reached a deal with Saudi Arabias Public Investment Fund (PIF) for the purchase of a five percent stake. The sovereign wealth fund invested $883 million for the stake...
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