The popularity of non-fungible tokens (NFT) is steadily growing around the world.    The latest company to join the bandwagon is the social media platform Parler which has recently announced its decision to venture into NFTs marking the rapid pace of this digital asset into many...

US sportswear maker Nike posted a 16% year-on-year increase in net profit to $3.211 billion for the first half of its 2021-2022 financial year ended November 30, the company said in its financial statements. Diluted earnings per share rose to $1.98 in the reporting period from $1.73 a year earlier....

TikTok is set to enter a new market: the delivery of ready-to-eat meals in the US. The company has found a partner to create a network of 'dark kitchens' that will cook 'tiktok pasta', 'pasta chips' and other dishes popular on the social network. Video platform TikTok has agreed on a partnership...

Tesla investor David Wagner filed a lawsuit against eth US electric car maker Tesla Inc objecting to social media posts, including his poll posts on Twitter, made by Tesla CEO Elon Musk about whether he should be selling his stocks in the company. The law suit alleges that these social media posts...

The electric pickup truck maker Rivian Automotive Inc revealed the difficulties it will face in ramping up production to compete with the leader in the electric vehicle industry Tesla Inc. this was communicated by the company in its maiden earnings report as a public company. The production warning...

The Reddit forum has confidentially filed for an IPO. The site was valued at $10bn in the last round of investment. The site expects a valuation of $15bn as a result of the initial public offering, Reuters wrote. Internet forum Reddit has confidentially filed for an IPO, the company said in a blog...

Many European coffee brands, including Irish whiskey and Belgian chocolate, are struggling to comply with Chinese food and beverage regulations. They fear that their products will not be allowed to enter China's huge market due to a Jan. 1 deadline.   China's customs authorities published...

Chinese authorities have fined the country's second largest coal producer for exceeding mining limits and ignoring safety inspections after coal mines in many parts of the country have been forced to operate at full capacity since October to deal with the energy crisis, the Caixin business daily...

Shareholders of the oil company Shell supported the move of its headquarters from the Netherlands to London. The company's decision to change its shareholding structure was also unopposed. Shell is facing its biggest change since its formation in 2005. Shareholders in Royal Dutch Shell, one of the...