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Foot Locker to focus more on tripling sales of Adidas products as Nike lowers presence

May 07, 2022 23:41 pm UTC| Sports Economy Business

Foot Locker Inc is aiming to triple its sales of Adidas sneakers and other items at its stores to counter Nike Incs shrinking presence. Nikes direct-to-consumer (DTC) business will account for roughly 60% of total...

Coca-Cola targeting to use 50% recycled glass by 2030

May 07, 2022 23:41 pm UTC| Nature Economy Business

The Coca-Cola Bottling Co. United is aiming to use 50 percent recycled material in its glass bottles by 2030, through a partnership with Perrysburg, Ohio-based O-I Glass. Corey Tucker, warehouse and logistics manager...

Kevin Durant’s Thirty Five Ventures invests in Gotham FC

May 06, 2022 23:09 pm UTC| Sports Economy Business

Thirty Five Ventures, the investment vehicle co-founded by NBA star Kevin Durant and his manager Rich Kleiman, is now part of the ownership group of NJ/NY Gotham FC. The deal sees Thirty Five Ventures becomes the third...

Starbucks to launch NFT collection

May 06, 2022 23:09 pm UTC| Digital Currency Economy Business

Starbucks has confirmed that it will launch its first NFT (non-fungible token) collection later this year and that it will be based on the brands coffee art and storytelling. The Seattle-based coffee giant noted in a...

Seoul to host Formula E races in August

May 06, 2022 23:09 pm UTC| Sports Economy Business

Formula E Korea will host the Seoul E-Prix, the final Formula E competition of the 2021-2022 season, in Jamsil on August 13-14. Mercedes-Benz, Porsche, and BMW are expected to form teams to compete in the Seoul E-Prix...

GSK Consumer Healthcare Korea assigns new company chief

May 06, 2022 12:19 pm UTC| Business Economy

GSK Consumer Healthcare Korea was revealed to have appointed a new chief executive officer, and it was revealed to be Shin Dong Woo, a former CEO of the companys branch in Hong Kong. According to The Korea Times, GSK...

Digital Currency Revolution

Cryptocurrency: Gucci to accept crypto payments in its stores

May 06, 2022 09:59 am UTC| Business Digital Currency Investing

Gucci has dived into non-fungible tokens (NFTs) and the metaverse, and these efforts in the digital space have now evolved deeper as it becomes the latest luxury brand to accept cryptocurrency as payments. According to...

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Economy

Oil Prices Steady as Iran Strait of Hormuz Drills Heighten Supply Concerns Ahead of U.S. Nuclear Talks

Oil prices remained steady on Tuesday as investors monitored rising geopolitical tensions following Irans naval drills near the Strait of Hormuz, a critical global oil transit route. The military exercises took place just...

Dollar Holds Firm as Fed Rate Cut Expectations and Global Data Drive Currency Markets

The U.S. dollar held onto recent gains Tuesday as investors looked ahead to key signals from the Federal Reserve that could clarify the timing of anticipated interest rate cuts. Currency markets remained relatively quiet...

U.S. Stock Futures Steady as Investors Await Fed Minutes and Key Economic Data

U.S. stock index futures traded little changed on Monday evening as investors prepared for a week packed with major economic data releases and Federal Reserve commentary that could shape the outlook for interest rates....

Gold and Silver Prices Slip Ahead of Key U.S. Economic Data and Fed Minutes

Gold and silver prices edged lower on Tuesday, extending losses from the previous session as investors turned cautious ahead of major U.S. economic data releases and the Federal Reserves January meeting minutes. Thin...

Asian Markets Cautious Amid Lunar New Year Closures as Oil Prices Rise on U.S.-Iran Talks

Asian financial markets moved cautiously on Tuesday in thin Lunar New Year trading, while oil prices climbed ahead of renewed U.S.-Iran nuclear negotiations in Geneva. Several major regional exchanges, including mainland...

Politics

Trump Signals Indirect Role in U.S.-Iran Nuclear Talks as Tensions Rise

U.S. President Donald Trump said he will be indirectly involved in high-stakes nuclear talks between the United States and Iran scheduled for Tuesday in Geneva, expressing cautious optimism that Tehran is ready to...

Trump Signals Indirect Role in U.S.-Iran Nuclear Talks as Tensions Rise

Ukraine-Russia Peace Talks in Geneva Focus on Land Disputes and Donetsk Control

Representatives from Ukraine and Russia are set to meet in Geneva on Tuesday and Wednesday for a new round of U.S.-mediated peace talks aimed at ending Europes largest conflict since World War II. The Kremlin has indicated...

Israel Approves West Bank Land Registration Plan, Palestinians Warn of ‘De-Facto Annexation’

Israels cabinet has approved new measures aimed at strengthening its control over the occupied West Bank, including a landmark decision to begin formal land registration in the territory for the first time since 1967. The...

Australia Refuses Repatriation of Citizens Held in Syrian ISIS Camp

Australian Prime Minister Anthony Albanese has confirmed that the government will not repatriate Australians currently detained in a Syrian camp housing families of suspected Islamic State (ISIS) militants. Speaking to ABC...

Science

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Technology

Ireland’s Data Protection Commission Launches GDPR Investigation Into X’s AI Chatbot Grok

Irelands Data Protection Commission (DPC) has opened a formal investigation into Xs AI chatbot, Grok, over concerns about personal data processing and the generation of harmful sexualised images, including manipulated...

Disney Issues Cease-and-Desist to ByteDance Over Alleged AI Copyright Infringement

Disney has sent a cease-and-desist letter to ByteDance, accusing the Chinese tech giant of using copyrighted Disney characters to train and power its Seedance 2.0 AI video generator without authorization, according to a...

Anthropic’s Claude AI Reportedly Used in U.S. Operation to Capture Nicolas Maduro

Anthropics artificial intelligence model, Claude, was reportedly used in a U.S. military operation that led to the capture of former Venezuelan President Nicolas Maduro, according to a Wall Street Journal report citing...

OpenAI Hires OpenClaw Creator Peter Steinberger to Advance Next-Generation AI Agents

OpenAI has hired Peter Steinberger, the creator of the open-source artificial intelligence agent OpenClaw, according to CEO Sam Altmans announcement on social media Sunday. The move follows OpenClaws recent surge in...

Vietnam Approves SpaceX Starlink Satellite Internet Service Amid U.S. Trade Talks

Vietnam has officially granted SpaceX permission to deploy its Starlink satellite internet service in the country, marking a significant step in expanding high-speed connectivity across Southeast Asia. According to state...