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Critics Burn Nike For Selling 'Menacing' Balaclava

There has been severe criticism of Nike after the sport apparel maker sold a balaclava which has been alleged to is related to stereotypes of black youths who are related to gang violence according to critics.   At the center of the controversy is the Nike x MMW balaclava which is a full...

Japan's Daikin eyes Africa after establishing itself in Asia and India

Africa is the new frontier for the largest manufacturer of air conditioning equipment - Daikin Industries. The company has been successful in the Asia in its efforts for a decade since it took the risk of sharing the technological expertise it possessed with a Chinese company.   It was about...

Israeli Firm Sodastream To Be Bought By Pepsi For $3.2 Billion

In an effort to seek avenues of moving into low sugar beverages, Pepsi has decided to buy one of the better-known brands of sparkling water.   SodaStream which is an Israeli firm that offers do-it-yourself seltzer makers is to be bought over by the soft drink giant for $3.2 billion, Pepsi...

Tesla To Face SEC Probe Even As Goldman Indicates Its Advisory Role

Subpoenas have bene sent to Tesla Inc. by the U.S. Securities and Exchange Commission in relation to the plans of the company’s Chief Executive Elon Musk to privatize the company and in relation to the statement issued by Tusk where he had claimed that finding for the plan had been “secured,”...

$1.4bn Loss Reported By News Corp Worldwide But Notes Increase In Paid Subscriptions

An upbeat assessment for the digital news and real estate assets of Rupert Murdoch’s News Corp was used by the company to waive off the latest annual loss that the firm has incurred.   A net loss of $1.4 billion for fiscal year 2017/18 was reported by the worldwide publishing group which was...

Going-Private Proposal Tweet By Tesla’s Musk Taken To Court By Investors

Investors of Tesla Inc sued the company and its Chief Executive Elon Musk twice on Friday alleging that both the company and the CEO had wrongfully constructed a scheme to put pressure on short-sellers which included the tweet by Musk where he proposed taking the company private.   It was...

Ikea Launches Its First Retail Outlet In India

It has been a long wait – for years, for the Swedish furniture company Ikea, to enter one of the largest consumer markets in the world – India   The first retail store was launched by the Swedish furniture company in the Southern city of Hyderabad for Indian consumers and the company is...

Controversial Redesign Blamed For First Quarterly Drop In Daily Users For Snapchat

The first decline in the number of active daily uses in Snapchat after the company introduced a controversial redesign was announced by Snap, the parent firm of the social media platform.   Despite this the analysts were presently satisfied with the revenue figures reported by the company...

New Business Growth Areas Like A.I. And 5G Would See $22 Billion Investment From Samsung

Plans of investments worth 25 trillion Korean won ($22 billion) is being planned by South Korea’s largest conglomerate Samsung Group. Primarily led by investments by sister company Samsung Electronics, this huge amount of investments would be made over a period of three years into a number of new...

Tesla Could Be Taken Private, Tweets Elon Musk, Shares Rise

Tesla shares spiked following a tweeter comment by its CEO Elon Musk that he is contemplating taking the company private.    The out-of-the blue announcement by Musk was in keeping with the unorthodox style followed my Musk and in keeping with his trend of surprising the markets and...

Chinese State Media: Google Welcome In China If It Follows Laws

An opinion piece published in the state-backed newspaper People's Daily welcomes Google into China provided that the US tech giant follows the law. This piece was published after there were reports that Google is contemplating launching of censored model of its search engine in the country.  ...

Domino's Pizza Shares Fall, Company Reports Discouraging Profits Due To Rising Overseas Costs

Shares of Domino’s Pizza Group dropped to a eleven month low after the company reported an almost 10 per cent fall in pre-tax profit for the first half of the current fiscal year primarily because of increasing costs of overseas operations particularly in Norway, despite the firm reporting an...
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