Tech News

Adidas names CEO of rival Puma as new boss

Adidas on Tuesday named Bjorn Gulden, chief of rival outfitter Puma, as its new CEO as the German sportswear giant seeks to emerge from months of turbulence.. Puma meanwhile announced that Arne Freundt, currently the company's chief commercial officer, would take over as CEO with immediate effect. 

Adidas names CEO of rival Puma as new boss

Adidas on Tuesday named Bjorn Gulden, chief of rival outfitter Puma, as its new CEO as the German sportswear giant seeks to emerge from months of turbulence.. Gulden, a Norwegian former professional football and handball player, will take on the role from January next year, replacing current CEO Kasper Rorsted, Adidas said. 

Resolution of N.Ireland trade row possible before year-end: Dublin

A deal between the EU and the UK on post-Brexit trading arrangements in Northern Ireland is possible before the end of the year, Ireland's foreign minister said on Tuesday.. Relations between EU member Ireland and the UK, which left the bloc in 2021, have been damaged by disagreements over the implementation of trade arrangements in UK-run Northern Ireland. 

S.Africa slams 'out of reach' climate aid for poorer nations

South Africa's president, whose coal-dependent country is among the world's biggest polluters, Tuesday criticised international funders for making it difficult for poorer nations to access aid to fight climate change.. South Africa, one of the world's top 12 polluters, last week revealed that it will require about $98 billion over the next five years to transition to net zero.

UAE, Egypt ink major wind energy deal on COP27 sidelines

The United Arab Emirates and Egypt agreed Tuesday to develop one of the world's largest wind farms in a deal struck on the sidelines of the UN's COP27 climate summit in Sharm el-Sheikh. . The UN's COP27 climate summit kicked off Sunday in Egypt with warnings against backsliding on efforts to cut emissions and calls for rich nations to compensate poor countries after a year of extreme weather disasters.  

Veteran French designer Philippe Starck now looks to space

Philippe Starck, the prolific French architect and designer who has made everything from lemon juicers to wind turbines, shows no sign of slowing down and is increasingly turning his eye to space.. But he also gave the world an uber-electic range of everyday items, from his futuristic lemon juicer to electric bikes, toothbrushes, water bottles -- and on to boats, wind turbines and control towers.

Weak yen helps Nintendo lift annual net profit forecast

Nintendo raised its full-year net profit forecast on Tuesday, with the weak yen and a solid performance by new games helping compensate for falling sales of its Switch console.. The firm left its full-year operating profit forecast unchanged at 500 billion yen.

Asian markets mixed ahead of US midterms

Asian markets were mixed on Tuesday following an upbeat session on Wall Street as investors look to crucial midterm elections that polls show could upend power in Washington.. Polls show Republicans are likely to win at least one house of Congress -- and some see the prospect of further Washington gridlock as a scenario that lessens the risk of policy uncertainty.

Nintendo lifts annual net profit forecast

Nintendo raised its full-year net profit forecast on Tuesday, with the weak yen and a solid performance by new games helping compensate for falling sales of its Switch console.. The Kyoto-based Japanese gaming giant estimated net profit for the year to March 2023 at 400 billion yen ($2.7 billion), up from a previous projection of 340 billion yen.

Renault reorganises towards electric future

French automaker Renault presented its green revamp to investors Tuesday, splitting its operations in two: a new electric vehicle unit and a subsidiary for thermal and hybrid assets that will pair up with China's Geely. . At an investor day in Paris on Tuesday, Renault outlined its green transformation.