BUSINESS | Japan Nike Ad On Bullying, Racism Sparks Hot Online Response

MILAN – A video ad from Nike Japan against bullying and racism that features biracial athletes and other minorities, such as those of Korean descent, has prompted a sharp online response including calls to boycott the company. Japan has traditionally prided itself on being racially homogenous, although successful mixed – race athletes such as tennis … Continue reading BUSINESS | Japan Nike Ad On Bullying, Racism Sparks Hot Online Response

BUSINESS | Volkswagen Plans Small Electric Car For The Masses

MILAN - - Volkswagen is bringing forward the development of a small electric car for the mass market in anticipation of tougher climate regulations, according to plans seen by Reuters, as it seeks to boost sales in a new green era. Under the project dubbed 'Small BEV' (Battery Electric Vehicle)', engineers are racing to develop … Continue reading BUSINESS | Volkswagen Plans Small Electric Car For The Masses

BUSINESS | Twitter Release Plans To Relaunch New Verification Program Early Newt Year

Twitter Inc. on Tuesday released plans for its new policy on how people are 'Verified' on the site, an area the company has long promised to revamp to address confusion and criticism over the blue check-mark badges it uses to authenticate the identity of prominent accounts. The social media company said in a blog post … Continue reading BUSINESS | Twitter Release Plans To Relaunch New Verification Program Early Newt Year

BUSINESS | Facebook Cryptocurrency Libra To Launch As Early As January But Scaled Back

MILAN - - Facebook’s Libra cryptocurrency is readying to launch as early as January, the Financial Times reported on Friday, citing three unidentified people involved in the project. The Geneva – based Libra Association that will issue and govern Libras plans to launch a single digital coin backed by the dollar, the FT said, citing … Continue reading BUSINESS | Facebook Cryptocurrency Libra To Launch As Early As January But Scaled Back

BUSINESS | OPEC+ Panel To Hold Informal Online Talks On Saturday

A panel of OPEC+, a group of leading oil producing countries, will hold informal online talks on Saturday prior to meetings scheduled for next week, a letter seen by Reuters showed and source with knowledge of the matter said. OPEC+ is debating whether to ease oil output cuts from Jan.1, as it previously agreed, or … Continue reading BUSINESS | OPEC+ Panel To Hold Informal Online Talks On Saturday

BUSINESS | Maserati To Electrify Entire Line-Up In Next Five Years: CEO

All vehicles of Fiat Chrysler's premium brand Maserati will be electrifies, either hybrid or full-electric, in the next five years, the unit's chief executive said on Thursday. Maserati's new SUV Grande, to be released next year, will be initially offered both in a combustion-engine and in a hybrid version, Davide Grasson said during a fashion … Continue reading BUSINESS | Maserati To Electrify Entire Line-Up In Next Five Years: CEO

BUSINESS | Oil Tanker Hit By Blast At Saudi Terminal, Saudi Arabia Confirms

An explosion damaged a Greek-managed tanker at a Saudi Arabian terminal on the Red Sea just north of the Yemeni border, the ship's manager said on Wednesday, in an attack confirmed by Saudi Arabia. In a statement published by state media, the Saudi-led coalition fighting the Houthis in Yemen said a commercial vessel suffered minor  … Continue reading BUSINESS | Oil Tanker Hit By Blast At Saudi Terminal, Saudi Arabia Confirms

BUSINESS | Oil Closes At Highest Level Since March

NEW YORK - - Oil rose about 4% on Tuesday to couch high not seen since March as a third promising coronavirus vaccine raised hope for fuel - demand recovery and U.S. President - elect Joseph Biden began his transition to the White House. Brent crude settled at $47.86 a barrel, gaining $1.80, or 3.9%. … Continue reading BUSINESS | Oil Closes At Highest Level Since March

BREAKING NEWS | Saudis Tells U.N. That Houthis To Blame For Aramco Attack

NEW YORK – Saudi Arabia told the U.N. Security Council that Yemen’s Houthi group were to blame for a missile attack on a petroleum products distribution plant in Jeddah in Monday, urging the 15-member body to ‘stop the threat’ to global energy security, Yemen’s political process and regional security. ‘It has been identified that the … Continue reading BREAKING NEWS | Saudis Tells U.N. That Houthis To Blame For Aramco Attack

ECONOMY | Saudi Arabia Could Review VAT Hike After Pandemic Ends, Says Minister

Saudi Arabia’s acting information minister on Thursday said the kingdom could review its VAT increase after the novel coronavirus pandemic ends, a move which may spur economic recovery after the tax increase boosted inflammation. Saudi Arabia tripled value – added tax to 15 percent in July to offset the impact of lower oil revenue on … Continue reading ECONOMY | Saudi Arabia Could Review VAT Hike After Pandemic Ends, Says Minister