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Adidas' profit warning leads to Moody's credit rating cut to A3

Feb 19, 2023 23:47 pm UTC| Sports Life Economy Business

Moodys dowgraded Adidas long-term issuer rating from A2 to A3 due to the companys recent profit warning. Theres a possibility of a further downgrade as it maintained a negative outlook on the sportswear maker. On...

McDonald’s, Wendy’s spat over Daytona 500

Feb 18, 2023 23:10 pm UTC| Economy Business Sports

After McDonalds stamped its golden arches logo on the hood of 23XI Racing driver Bubba Wallaces No. 23 Toyota, Wendys countered with a picture of a super-sized beefy cheeseburger with the slogan The Beef emblazoned on Noah...

Coca-Cola struggles to complement Powerade with BodyArmor in competing with Gatorade

Feb 18, 2023 22:59 pm UTC| Economy Business Sports Health

Coca-Cola has struggled to integrate its $5.6 billion purchase of BodyArmor with Powerade, which led to more disruption in the short-term than expected, according to CEO James Quincey. Body Armors sales declined in the...

S. Koreans buy over 1 million copies of Japanese comic series ‘Slam Dunk’

Feb 15, 2023 23:21 pm UTC| Life Sports Economy Business

Manga basketball comic book series Slam Dunk has sold over 1 million copies in South Korea, after a resurgence in sales since Jan. 4, when the animated film adaptation The First Slam Dunk hit local screens. The local...

NBC to bid on NBA's media rights package

Feb 15, 2023 23:04 pm UTC| Sports Economy Business

NBC is bidding on an NBA package that would include playoff games to air on its broadcast network more than 20 years after it lost its rights to ESPN and Turner. The broadcasting firm is also seeking to air some regular...

The Super Bowl — what we love but mostly hate about it

Feb 14, 2023 13:17 pm UTC| Sports

This weekend, millions of North American (and worldwide) eyeballs will be glued to their TVs, beer and chicken wings in hand, to celebrate perhaps the last truly bipartisan national holiday that America has left: the Super...

PUMA joins Zero100 to cut supply chain carbon emissions

Feb 13, 2023 22:48 pm UTC| Economy Business Nature Sports

PUMA has joined Zero100 to take the next step after the company announced significant carbon emission cuts last year. Zero100 is a community of industry leaders which aims reduce carbon emissions from the supply chain...

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Economy

Morgan Stanley Warns Against Overestimating EV Demand Boost from Rising Oil Prices

Morgan Stanley is urging caution among investors who believe that surging oil prices will automatically trigger a rapid recovery for South Korean battery manufacturers. While recent headlines have painted an optimistic...

Iran Closes Strait of Hormuz Again After Brief Reopening, Rattling Global Energy Markets

Hopes for a restoration of normal energy shipping through the Strait of Hormuz collapsed within hours on Saturday after Iran reimposed tight restrictions on the vital maritime corridor, just a day after declaring it open....

Uranium Bull Market Gains Momentum Amid Supply Deficits and Geopolitical Tensions

The uranium market is entering a powerful new phase, with structural supply shortfalls and rising energy security concerns driving long-term bullish momentum. A recent special report from BCA Research confirms that the...

Energy Price Spike Won't Trigger Lasting Inflation, Analysts Say

A new report from BCA Research suggests that the recent surge in energy prices, driven by ongoing Middle East tensions, is unlikely to spark a prolonged period of runaway inflation in major global economies. According to...

Australia Extends Fuel Sulphur Relaxation Amid Iran War Supply Disruptions

Australia has extended its temporary easing of fuel-quality standards through September, as ongoing disruptions from the Iran war continue to strain the countrys fuel supply chains. Energy Minister Chris Bowen confirmed...

Politics

Iran's Internal Power Struggle Threatens Strait of Hormuz Stability

Geopolitical tensions in the Middle East have intensified after Irans Islamic Revolutionary Guard Corps (IRGC) overturned a government decision to reopen the Strait of Hormuz, one of the worlds most critical energy...

North Korea Fires Multiple Ballistic Missiles Amid Growing Nuclear Ambitions

North Korea launched several ballistic missiles toward the sea off its eastern coast on Sunday, according to South Korea and Japan, marking Pyongyangs seventh ballistic missile test this year and its fourth in April alone....

North Korea Fires Ballistic Missile Eastward Amid Rising Global Tensions

South Koreas Yonhap news agency reported on Saturday that North Korea launched an unidentified ballistic missile in an easterly direction. Military officials in Seoul are still analyzing the missiles type and flight...

U.S.-Iran Tensions Escalate as Hormuz Crisis Deepens Amid Ceasefire Strains

Fragile ceasefire negotiations between the United States and Iran are facing serious pressure after a dramatic weekend of escalating confrontations in and around the Strait of Hormuz. New reporting from the Wall Street...

Brazil, Spain, and Mexico Unite to Support Cuba Amid U.S. Blockade

During a high-profile international summit held in Barcelona, the leaders of Brazil, Spain, and Mexico came together to announce a strengthened commitment to providing coordinated humanitarian aid to Cuba. The meeting,...

Science

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

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...

Technology

NVIDIA Acquisition Rumors Dismissed by Morgan Stanley as Strategically Flawed

Morgan Stanley analysts have moved to cool speculation that NVIDIA Corporation (NASDAQ: NVDA) is plotting a major acquisition of a U.S. PC original equipment manufacturer (OEM). According to the investment bank, such a...

Iran’s AI memes are reaching people who don’t follow the news – and winning the propaganda war

A Lego-style Iranian military commander raps over a gangster beat: Our inbox is flooded with Americans saying they dont watch the news. They listen to our songs instead since your media is full of shit. This is the opening...

OpenAI's $20 Billion Cerebras Deal Signals Massive AI Infrastructure Push

OpenAI is reportedly set to spend over $20 billion with AI chip startup Cerebras over the next three years, marking a significant expansion of an already substantial computing partnership. According to The Information, the...

Tesla's Terafab: AI Chip Factory Eyes Taiwan's Semiconductor Talent

Tesla is actively recruiting semiconductor engineers in Taiwan for its ambitious Terafab project a fully vertically integrated AI chip manufacturing facility that aims to consolidate logic, memory, packaging, testing, and...

Japan to Subsidize Sony's Image Sensor Plant in Kumamoto with $380 Million

The Japanese government has announced plans to provide Sony with subsidies of up to 60 billion yen, equivalent to approximately $380 million, to support the construction of an image sensor manufacturing facility in...