Airbnb has signed $500m deal to join an elite corporate list including Coca Cola, Alibaba, Toyota, supporting the Olympic Games until 2028. The deal covers five Olympic games including next year’s games in Tokyo and subsequent Winter an summer games in Beijing, Paris, Milan and Los Angeles. The five cities are among the Us Accommodation-booking…
SoftBank has backed Z Holdings owner of Yahoo Japan and will finally get to merge with messaging app line. An all-share deal with South Korea’s Naver, 75 per cent owner of Line, will create a mostly Japanese internet Behemoth worth $30bn (¥3.3.Tn). The deal with create a joint venture between two companie to own Line…
The world’s youngest self-made billionaire Kylie Jenner is selling 51 per cent of Kylie Cosmetics to US makeup group and fragrance giant Coty for $600m. The youngest of the five Kardashian-Jenner sisters, Jenner will still be the face of the brand and involved in creating new products. Kylie Jenner started the company in 2015 as…
Consort Medical, medical devices makers was snapped up today by a Swedish rival Recipharm for £505m, delivering a boost to City Investors. Consort Medical whose brands include Besapk Asthma inhalers. ASIC medicine making facility and disposable syringes has eight manufacturing sites across the UK and employs over 2000 staff. The bid is a 39 per…
Bejing-based, TikTok, the Chinese company behind the popular video app is set to go head-to-head with the likes of Spotify and Apple in the music streaming market with the launch of its rival service ByteDance, which is in talks with largest record companies with the largest record companies like Sony Music, Warner Music and Universal…
The Average price of a sponsored photo on Instagram has leaped from £104 ($134) t0 £1, 276 ($1, 6742 in 2019. Brands are willing to pay more to sponsor posts, videos, stories and blogs too. “Digital marketing is the equivalent of word of mouth but there will always be a mix between that and traditional…
The chilling conclusion to be drawn from reading Andy Greenberg’s new book Sandworm, on state-sponsored cyber-hacking as we are at war, but not as have known it but all big powers are involved and the potential for cataclysm is great as the hostilities are taking place in real time, undermining a system near you. Democracy…
Elon Musk announced that Tesla would build its first European production plant in Grünheide, a small town south-east of Berlin, near its new international airport, prompted Peter Altmaier, economics minister to say “further proof of how attractive Germany is as a place to make cars”, and was a “milestone” on Germany’s path towards electro-mobility. The…
Climate Change spoiled the production of onions, one of India’s most important vegetables, causing shortages and raised wholesale price rises up almost 500 per cent. Ever changing erratic weather with extreme heat followed by heavy excess rainfall from the annual monsoon season has led to a sharp fall in production in India’s rural key…
Travis Kalanick, Uber’s ousted co-founder, sold more than $500m of stock last week immediately after restrictions were lifted on early investors selling their shares. The Lock up prevents insiders from selling shares for six months after Uber’s initial public offering expired on Wednesday. Mr Kalanick who was forced out of Uber in 2017 after a…