New Executive Appointed To Oversee Metaverse Strategy Of Disney

Disney has selected a senior executive to oversee the company’s metaverse strategy. Mike White, an employee of the company for more than ten years, has been tasked to lead a group of top executives to develop the firm’s metaverse strategy. Chief executive Bob Chapek stated in a memo to colleagues published by the BBC that the metaverse…

Heineken To Hike Beer Prices Due To Rising Costs

Due to the effect of inflation, Heineken, the world’s second-largest brewer, has cautioned that the price of its drinks may rise. Rising costs for ingredients and energy were cited for the warning by the company, which distributes brands such as Strongbow cider, Amstel, and Europe’s best-selling lager, Heineken. This price hike warning comes after Cobra’s founder announced that…

Investors Concerned About How Long It Would Take Credit Suisse To Get Back On Track

Credit Suisse investors are concerned that the company will take a long time to get back on track to profitability. A series of scandals in recent months have not only tarnished the global bank’s reputation but have also resulted in billions of dollars in market value being lost — putting enormous pressure on the management.…

YouTube Is Considering The ‘Incredible Potential’ Of NFTs And Web3 In Its Future Offerings.

YouTube, the world’s largest video platform, is debating whether to incorporate non-fungible tokens (NFTs) and blockchain interfaces into the site. In a blog post, the video platform’s Chief Product Officer, Neal Mohan, outlined the company’s planned ambitions for new products and services in the coming year, which included a serious mention of NFTs. The CEO…

Kellogg’s Profit Forecast Beats Estimates Because Of Hike In Prices Of Its Products

Cereal maker Kellogg Co’s forecast for profit growth for the full year was higher than the expectations of the market. This upbeat forecast was driven by higher product prices which helped the company to offset disruptions because of labour strikes and increasing costs of input during the fourth quarter. Rise in freight charges as well…

Toyota Trims Production Output Target By Half A Million Additional Vehicles Due Ot Chip Shortage

Toyota Motor Corp. lowered its yearly production target by half a million vehicles on Wednesday due to a semiconductor shortage and Covid-19 sick leave. The world’s largest manufacturer said it will construct 8.5 million vehicles in the year to March 31, down from a previous estimate of 9 million, as it reported a 21 per…