
Walmart debuts its new content creator platform for social media influencers
Oct 20, 2022 09:42 am UTC| Business Economy
Walmart Inc. announces the launch of its content creator platform for social media influencers. The aim of the platform is to help vendors sell their wares - from food to clothes - to shoppers. According to Bloomberg,...

Nestle acquires Seattle’s Best Coffee from Starbucks
Oct 20, 2022 09:22 am UTC| Business Economy
Starbucks sold its Seattles Best Coffee brand to Nestle, but the financial terms of the deal were not disclosed. With the acquisition, the Swiss food and beverage firm is aiming to boost its North American coffee...

Uber adds an in-house advertising unit to launch its own targeted digital ads
Oct 20, 2022 09:20 am UTC| Business Economy
Uber is adding a new advertising unit to the company as it looks to develop another source of revenue. The division will allow marketers to pick out digital ads based on where the customers go. Uber introduced its...

Meta obeys UK regulator's order to sell Giphy
Oct 20, 2022 07:23 am UTC| Business Economy
Meta, the parent company of Facebook, has been ordered to sell Giphy by the regulators in the United Kingdom. It was revealed this week that the company would comply with the order. Metas decision is also seen as a...

Netflix overcomes losses after gaining 2.4M new subscribers
Oct 20, 2022 07:15 am UTC| Business Economy
Netflix is on a roll again after gaining over 2.4 million new subscribers recently. This development shows that the streaming service and production company is slowly recovering after experiencing a decline due to various...

LG collaborates with FASSTO to accelerate entry into logistics robot market
Oct 19, 2022 23:45 pm UTC| Business Economy Technology
LG Electronics Inc. signed a memorandum of understanding with artificial intelligence (AI) startup FASSTO to promote cooperation in the supply and system development of logistics robot solutions. According to the MOUs...

Marine sports equipment sales up in S. Korea due to popularity of surfing, yachting
Oct 19, 2022 23:45 pm UTC| Life Sports Economy Business
Marine sports such as surfing, scuba diving, yachting, and others have gained popularity in South Korea in recent years, according to data analyzed by KB Kookmin Card Co. The study showed a 140 percent increase in...