
Ford, Rivian scrap plans for joint electric vehicle development
Nov 22, 2021 09:43 am UTC| Business Economy
Ford and Rivian were previously reported to have joined forces and agreed to develop electric vehicles together. However, this will not push through anymore after scrapping the plan late last week. It was reported that...

CJ ENM buying stake in 'La La Land' production Hollywood company Endeavor Content
Nov 22, 2021 06:53 am UTC| Business Economy
CJ ENM, a Korean entertainment company, is acquiring a controlling stake in Endeavor Content, the production company behind the popular musical film La La Land as well as Manchester by the Sea and The Night Manager. The...

A Twosome Place Korean coffee chain acquired by Carlyle Group
Nov 22, 2021 05:34 am UTC| Business Economy
A Twosome Place, a coffee house chain based in South Korea, has been purchased by Carlyle Asia Partners V, the buyout and strategic investment unit of The Carlyle Group. The deal involves 100% acquisition of Koreas...

Atlanta Hawks' Trae Young keeps Adidas shoes flying off shelves with new snakeskin colorway
Nov 21, 2021 22:07 pm UTC| Sports Economy Business
Atlanta Hawks guard Trae Young debuted the Snakeskin colorway of the Adidas Trae Young 1 in a game against the Charlotte Hornets last Saturday. The slippery colorway was first seen online a few weeks ago. So far,...

Adidas collaborates anew with The Simpsons for 'pet cat' shoe
Nov 21, 2021 21:47 pm UTC| Life Economy Business
Adidas is again collaborating with The Simpsons for a new sneaker dubbed upcoming Snowball Superstar, inspired by the cartoon familys pet cat. Based on official Adidas product images, the shoe doesnt stray far from the...

California man sentenced to 3 years for operating unlicensed bitcoin exchange biz
Nov 21, 2021 21:03 pm UTC| Law Digital Currency Economy
Hugo Sergio Mejia of California has been sentenced to three years in federal prison for operating an unlicensed cryptocurrency exchange business that transacted $13 million worth of bitcoin and cash, often for drug...

Canadian teen arrested for allegedly stealing crypto worth $36 million
Nov 21, 2021 20:41 pm UTC| Digital Currency Law Economy
A teenager from Hamilton, Ontario has been arrested in Canada for allegedly stealing $36 million dollars worth of cryptocurrency, described as the largest crypto theft by a single person. The Canadian committed the...