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☆ Japan or China — which is the world’s top car exporter?
▼ + stars: | 2024-02-02 | by ( Laura He | Himari Semans | ) edition.cnn.com time to read: +2 min

Hong Kong/Tokyo CNN —Did China just pull ahead of Japan to become the world’s top car exporter? “It is a certainty that China has become the world’s largest exporter,” the China Passenger Car Association (CPCA) said last month. And the picture is further clouded if you consider industry association data. One trend is clear though: China has been closing the gap with the world’s top car exporting nations over the past two years. In 2023, China’s passenger car exports rose 62% from 2022, according to data published by the CPCA last month.

Persons: BYD, Tesla, Elon Organizations: Tokyo CNN —, China Passenger Car Association, Japan Automobile Manufacturers Association, China Auto Manufacturing Association, Elon Musk’s Locations: China, Hong Kong, Tokyo, Japan, Beijing, South Korea, Germany, Russia, Moscow, Ukraine, Europe, Australia, Southeast Asia, Shenzhen

FORT LAUDERDALE, Fla. (AP) — Inter Miami played six preseason matches last season. It's basically an around-the-world, big-crowd, big-money, bright-spotlight batch of preseason games for Inter Miami, which instantly became a global brand when Messi announced last summer that he was joining the Major League Soccer club. Political Cartoons View All 253 Images“It’s incredible,” said DeAndre Yedlin, the Inter Miami defender who was captain until Messi arrived. But Inter Miami not only understands the value of having Messi, it welcomed this massive preseason stretch in advance of an MLS season that starts Feb. 21. “You have to see how many times these people are going to have this possibility.”The financial benefit of Inter Miami and Messi playing in Saudi Arabia hasn't been revealed.

Persons: Lionel Messi's, Al Nassr, Messi, Cristiano Ronaldo, ”, DeAndre Yedlin, it’s, Leo, he’s, what's, Ballon, Messi —, Germain, Gerardo “ Tata ” Martino, Saudi Arabia hasn't, Sergio Busquets, Jordi Alba, Luis Suarez, LIV Golf, hasn't, ” Messi, Drake Callender, “ Organizations: — Inter Miami, Inter Miami, Al, Dallas, Cotton, Major League Soccer, ” Inter Miami, Argentina, MLS, Inter Miami —, Paris Saint, “, Messi, Saudi, Florida International University, it's, Ronaldo Locations: FORT LAUDERDALE, Fla, Florida, Saudi Arabia, Hilal, Portugal, El Salvador, Hong Kong, Japan, Saudi, Spanish, Riyadh, “

☆ China’s largest oil supplier in 2023 was Russia
▼ + stars: | 2024-01-22 | by ( Laura He | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Russia surpassed Saudi Arabia to become China’s largest oil supplier in 2023, according to the latest Chinese customs data. That helped Russia overtake Saudi Arabia as China’s largest crude oil supplier for the year. The Middle East country shipped 85.96 million metric tons of crude oil to China in 2023, down 2% from 2022. Russia now accounts for 19% of China’s oil imports, while Saudi Arabia makes up 15%. Russia became China’s largest oil supplier eight years ago, but it fell behind Saudi Arabia between 2019 and 2021, when the Gulf nation boosted its energy trade with Beijing.

Persons: ”, Vandana Hari, Hari, That’s, Xi Jinping, Mikhail Mishustin, ” Xi, Xi Organizations: Hong Kong CNN —, China’s, Administration, Customs, West, Vanda Insights, Saudi, Moscow, Russian, Xinhua Locations: Hong Kong, Hong Kong CNN — Russia, Saudi Arabia, Ukraine, China, Russia, Gulf, Beijing, Moscow, India, Singapore, Iraq, leapfrog, The, Saudi

☆ The Olympics tap its first-ever beer sponsor
▼ + stars: | 2024-01-12 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Bud Light brewer Anheuser-Busch InBev is becoming the first-ever beer sponsor for the next three Olympics and Paralympic Games — with a non-alcoholic brand taking the torch. The deal will cover the upcoming Summer Games in Paris, the Milan Winter Games in 2026, and the 2028 Summer Games in Los Angeles, which will be the first Summer Olympics to be held in the US in about three decades. Prior to this, the Olympics never had a global beer sponsorship, but local organizing committees had enlisted beer brands in the past. “Beer and sports are better together, so we are proud to be the first beer sponsor for the Olympics at the Worldwide Olympic Partner level,” said AB InBev CEO Michel Doukeris in a statement. Global sales of non-alcoholic beer have been soaring in recent years as drinkers embrace moderation with alcohol.

Persons: Bud, Corona, “, ”, Michel Doukeris, isn’t, Marcel Marcondes, ” Doukeris, CNN’s George Ramsay Organizations: New, New York CNN, Bud Light, Anheuser, Busch InBev, Paralympic, InBev, Olympic, Milan Winter Games, Asahi Breweries, Olympics, Corona Cero, Modelo, Constellation Brands, Corona, ”, CNN, Team USA, Budweiser Locations: New York, Paris, Los Angeles, Tokyo, Spain, Germany, Europe, Mexico

☆ Tiger Woods and Nike’s ‘seismic’ partnership is over. Where do they go from here?
▼ + stars: | 2024-01-10 | by ( Jack Bantock | ) edition.cnn.com time to read: +10 min

After 27 years, 15 major championships, 82 PGA Tour wins and hundreds of millions of dollars in endorsement contracts, Tiger Woods and Nike announced the end of their collaboration on Monday. With Woods marking the sportswear company’s “significant entry” into golf, the partnership – and its impact – was “seismic,” explained Ben Peppi, sports commercial expert at JMW Solicitors. “For a long time post-Michael Jordan’s retirement, pre-Cristiano Ronaldo, Tiger Woods was Nike,” Peppi told CNN Sport. He transcends his sport – he wasn’t just a golf ambassador, he was a Nike icon.”As Woods became synonymous with golf, Nike became synonymous with Woods. Woods and Knight at the Tiger Woods Foundation's 20th Anniversary Celebration, held at the New York Public Library in 2016.

Persons: Tiger Woods, Woods, –, J.D, ”, Ben Peppi, Michael Jordan’s, Cristiano Ronaldo, ” Peppi, “, Tiger, Tiger …, David Cannon, Arnold Palmer, Bob Dorfman, ” Nike, Phil Knight, Knight, Gustavo Caballero, Peppi, “ There’s, Jason Day, Roger Federer, Federer, Yoshikazu, Michael Jordan, David Beckham, Usain Bolt, Puma, “ They’re, that’s, ’, it’s Organizations: CNN, Nike, Stanford University, Pumpkin, JMW Solicitors, “, CNN Sport, Augusta National, Gatorade, Accenture, Arnold Palmer Invitational, Baker, New York Public Library, Adidas, PGA, & $ Locations: golf’s, Cornelius , Oregon, Woods, ’, Japan

☆ Notable investor says ‘the top of growth stocks is coming.’ Here is where he sees opportunity
▼ + stars: | 2023-11-29 | by ( ) www.cnbc.com time to read: +2 min

It's time to look at value stocks as growth names will have a difficult 2024, according to Ariel Investments' John Rogers. "I think the top of growth stocks is coming," Rogers told CNBC's Scott Wapner at the CNBC CFO Council Summit in Washington, D.C. "I really, really do." Instead, the investor is bullish on value names as the gap in performance between growth and value widens. The value manager said growth stocks could continue to outperform in a falling interest rate environment. The investor is bullish on stocks tied to the housing sector.

Persons: Ariel, John Rogers, Rogers, CNBC's Scott Wapner Organizations: Ariel Investments, CNBC, Summit, Russell, Mohawk Industries, Paramount Global, Paramount, Garden Entertainment, CNBC PRO Locations: Washington ,, Madison, Caribbean

☆ Foxconn is still running with difficult status quo
▼ + stars: | 2023-11-27 | by ( Chan Ka Sing | ) www.reuters.com time to read: +3 min

HONG KONG, Nov 27 (Reuters Breakingviews) - Terry Gou is not running for Taiwan’s presidency after all. Nonetheless, the $45 billion Apple (AAPL.O) supplier’s continuing push to move production outside of China leaves it firmly on frontlines of rising cross-strait tensions. Foxconn grew into the biggest employer in China, with more than 1 million workers at its peak and a top contract manufacturer for global brands. Foxconn is out of the election spotlight but it still has to grapple with an awkward status quo. CONTEXT NEWSTerry Gou, the billionaire founder of electronics maker Foxconn, announced on Nov. 24 that he will be withdrawing from Taiwan’s presidential election next month.

Persons: Terry Gou, Critics, Foxconn, Una Galani, Thomas Shum Organizations: Reuters, Apple, Democratic Progressive Party, DPP, KMT, Hai Precision Industry, World Trade Organization, Reuters Graphics, China -, Foxconn, Taipei Times, Thomson Locations: HONG KONG, China, Washington, Beijing, Taiwan, Kuomintang, Taipei

☆ I'm a Ukrainian CEO who's expanded my bridal business despite the war. Here's how I did it.
▼ + stars: | 2023-11-26 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +5 min

Ulyana Kyrychuk is the CEO of Milla Nova, a bridal company in Lviv, Ukraine. AdvertisementThis as-told-to essay is based on a conversation with Ulyana Kyrychuk, the CEO of Milla Nova, a bridal brand in Lviv, Ukraine. I'm the CEO of Milla Nova, a female-led bridal company in Lviv with 500 employees that makes dresses for brides around the world. Milla Nova employees sewing dresses in the factory in Lviv, Ukraine. AdvertisementMilla Nova employees sewing dresses at the factory in Lviv, Ukraine.

Persons: Milla Nova, Kyrychuk, —, Ulyana Kyrychuk, It's, I've, I'd, weren't, Milla Organizations: Harvard, Service, Harvard Business School, DHL, LinkedIn Locations: Lviv, Ukraine, Ukrainian, Australia, DHL Ukraine

☆ Meet the Thai celebrities — and ‘boys love’ stars — becoming fashion’s newest power players
▼ + stars: | 2023-11-21 | by ( Tiffany Ap | ) edition.cnn.com time to read: +10 min

(CNN) — Back in February, Nattawin Wattanagitiphat’s fans spared no expense in marking the Thai actor’s 29th birthday. Local media reported his birthday haul totaled 50 million Thai baht, or around $1.4 million. But more often than not, the Thai stars who are able to build international fan bases tend to be actors. “K-pop stars dedicated their lives training (from a young age) to be idols,” but Thai stars, she said, can be more relaxed. We don’t really keep the talent in a box like Korean companies do.”Another advantage some Thai celebrities have is their ability to resonate among Chinese audiences.

Persons: Nattawin, Christian Dior, Lefty.io, Karla Otto, TikTok, Kylie Jenner, Zendaya, Pascal Le Segretain, Dior, Tontawan Tantivejakul, Lalisa Manobal, Lisa, Celine, There’s, Pharrell Williams, Louis Vuitton, Davika Hoorne, Urassaya Sperbund, ‘, Calvin Klein, Bright’s, Metawin, ’, Nichapat, Sumettikul, “ KinnPorsche ”, Ralph Lauren, Kanawut, Suphap, It’s, “, ”, ” Suphap, Blackpink, Jisoo, Jennie, Rose, Evan Agostini, Dior womenswear, Jennifer Lawrence, Robert Pattinson, Fatti, ” Laleh, ” Davika Hoorne, Michael Kors, Jamie McCarthy, Traipipattanapong, Gucci, Justin Shin, Krisda Witthayakhajorndet, Thais Organizations: The, Fashion, CNN, Thai, Rolex, Vogue, Mastercard, Bain & Company, American Vogue, Burberry, Prada, Venture Management, Gucci, MTV, Apo, South Locations: ’, Asia, India, Instagram, Thailand, North, South Asia, Thai, Southeast Asia, Pacific, Bangkok, Pee Mak, Norwegian, American, Vogue Thailand, Newark , New Jersey, Launchmetrics, Paris, Blackpink, Brooklyn , New York, Seoul, South Korea

ET: Bank of America upgrades Penn Entertainment to buy Shares of Penn Entertainment could take off with the company's new initiative, according to Bank of America. ET: Deutsche Bank upgrades Boeing, says free cash flow will boost shares Deutsche Bank thinks there's a bright future ahead for Boeing . And if that's correct, then the momentum on deliveries should carry through to a positive inflection in FCF revisions," wrote analyst Scott Deuschle. Bank of America analyst Alex Vrabel downgraded the electric vehicle charging firm to neutral from buy. "FUN management has achieved more consistent execution, which should translate well to SIX rich asset based structure," wrote analyst David Katz.

Persons: Shaun Kelley, Kelley, Lisa Kailai Han, Scott Deuschle, Deuschle, — Lisa Kailai Han, Caio Ribeiro, Riveiro, Alex Vrabel, Wolfe, Shreyas Patil, Vrabel, Wolfe Research's Patil, Jefferies, David Katz, John Ivankoe, Krispy, Fred Imbert Organizations: CNBC, Deutsche Bank, Boeing, JPMorgan, Bros, Bank of America, Penn Entertainment, ESPN Bet, Atlantic City, PENN, Vale, VALE, Wolfe Research Bank of America, Wolfe Research, ChargePoint, Jefferies, Six Flags, Cedar, Flags, Fair, North, Dutch Bros Locations: Chicago, Tunica, Atlantic, PENN, Bank, North America

Canada Goose parkas, which can cost upwards of $1,900, are sported by Oscar winners, Olympians and Arctic explorers. "When you buy a Canada Goose jacket, you're buying a piece of Canada. Here's how Canada Goose began, grew to billion-dollar status and plans to survive consumer uncertainty. Canada Goose jackets, with their iconic shoulder patches, are such a status symbol that people who wear them are sometimes the target of robberies. "We realized that we could make jackets that are just as good without fur as with fur," Reiss says.

Persons: Dani Reiss, Oscar, Reiss, Goose, Sam Tick, Bean, Eddie Bauer, Reiss's, David Reiss, Canada Goose Organizations: Canada, CNBC, Metro Sportswear Ltd, Antarctica's, Lacoste, University of Toronto, Conservation Alliance, Bain Capital, New York Stock Exchange, People, Animals Locations: Wells, Canada, Poland, Snow, Europe, Asia, paychecks, Toronto, New York

☆ Qatar Airways' new CEO — whose predecessor once said a woman couldn't do his job — wants to bring a culture of 'trust and empowerment' to the airline
▼ + stars: | 2023-11-10 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Qatar Airways has a new CEO after Akbar Al Baker was in charge for 27 years. Badr Mohammed Al-Meer wants "a culture of trust and empowerment" plus sustainable solutions. That could mark a change in tack from Al Baker, who often courted controversy. AdvertisementAdvertisementBadr Mohammed Al-Meer, Qatar Airways CEO. Al-Meer was previously the chief operating officer of Hamad International Airport in Doha, which is Qatar Airways' main base.

Persons: Akbar Al Baker, Badr Mohammed Al, Meer, Al Baker, — Organizations: Qatar Airways, Service, Hamad International Airport Locations: Al, Meer, Doha

[1/5] Garment workers come out of a factory during lunch hours at the Ashulia area, outskirts of Dhaka, Bangladesh, November 8, 2023. A panel of factory owners, union leaders and officials agreed to the increase unanimously, said Siddiqur Rahman, the owners' representative. "We continue to recommend that the government of Bangladesh adopt an annual minimum wage review mechanism to keep up with changing macroeconomic factors," the letter said. In addition to the wage increase, the government has said that workers would be given a 5% annual increment. Babul Akter, president of the Bangladesh Garment and Industrial Workers Federation, urged global brands to pay more, saying: "There could be some problems for the owners to cope with the increased salaries."

Persons: Mohammad Ponir Hossain, Siddiqur Rahman, Rahman, Inditex, Hugo Boss, Fazlul Hoque, Hoque, Levi Strauss, Armour, Sheikh Hasina, Akter, Abdus Salam Murshedy, Murshedy, Krishna N, Ruma Paul, Miral Organizations: REUTERS, Rights DHAKA, Reuters, Inc, Knitwear Manufacturers, Association, Labour, Abercrombie & Fitch, Adidas, Puma, Bangladesh Garment and Industrial Workers Federation, Envoy Group, Walmart, Hasina's Awami League, Das, Thomson Locations: Dhaka, Bangladesh, DELHI, China, Zara, Ukraine, New Delhi

DHAKA, Bangladesh (AP) — Authorities in Bangladesh announced a new salary structure on Tuesday for protesting garment factory workers with a 56% increase in the monthly minimum wage to $113 from the previous $75, a decision rejected by some workers' groups as too small. The decision came after weeks of violent protests by workers demanding a $208 monthly minimum wage. The protests began after the Bangladesh Garment Manufacturers and Exporters Association offered to increase the monthly minimum wage by 25% to $90. Political Cartoons View All 1234 ImagesThe last increase in the minimum wage was announced in 2018. It says factory owners are under pressure because global brands in Western countries are offering less than before.

Persons: Monnujan Sufian, Kalpona Akter, Akter, ” Organizations: —, State, Labor, Workers, Bangladesh Garment Manufacturers, Bangladesh Garment and Industrial Workers Federation, Owners, Bangladesh Locations: DHAKA, Bangladesh, China, United States, Europe, Japan, India

☆ Turkish parliament dumps Coke, Nestle from menus over alleged Israel support
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +3 min

Turkish President Tayyip Erdogan greets lawmakers of his AK Party in the Turkish parliament in Ankara, Turkey, October 25, 2023. "The products of companies that support Israel will not be sold in restaurants, cafeterias and tea houses in the parliament campus," Turkey's Grand National Assembly said, without identifying the companies. Neither the parliament statement nor the source specified how Coca-Cola and Nestle supported Israel's war effort. Over the past month, Turkish President Tayyip Erdogan and his government have sharply criticised Israel's assault on Gaza and Western support for Jerusalem. Israel has bombarded Gaza since a Hamas raid on southern Israel a month ago, when its fighters killed 1,400 people and seized 240 hostages.

Persons: Tayyip Erdogan, Murat Cetinmuhurdar, Numan Kurtulmus, Nestle, Israel, Huseyin Hayatsever, Daren Butler, Alex Richardson, Jonathan Spicer Organizations: AK Party, REUTERS, Rights, Nestle, Israel, National Assembly, Cola, Palestinian, Hamas, stevedores, Ece, Thomson Locations: Turkish, Ankara, Turkey, Handout, Rights ANKARA, Gaza, Israel, Barcelona, Jerusalem

The Walt Disney Co. on Monday named 34-year PepsiCo veteran Hugh Johnston as its new chief financial officer. Johnston, who has been PepsiCo's CFO since 2010, will replace Kevin Lansberry effective Dec. 4. Johnston has served a variety of roles at PepsiCo beginning in 1987. Johnston will report to Disney CEO Bob Iger, who returned to the Burbank, California entertainment giant just less than a year ago. Ron DeSantis of Florida, where Disney runs the giant Walt Disney World theme park resort.

Persons: Hugh Johnston, Johnston, Kevin Lansberry, Lansberry, Bob Iger, ” Iger, Iger, Bob Chapek, Chapek, Ron DeSantis, “, ” Organizations: Walt Disney Co, PepsiCo, Merck & Co, Microsoft, HCA Healthcare, Disney, Gov, Walt Disney Locations: , New York, Burbank , California, America, Florida

☆ King Charles’ state visit strategy is changing Britain’s global brand
▼ + stars: | 2023-11-03 | by ( Max Foster | Lauren Said-Moorhouse | ) edition.cnn.com time to read: +5 min

Mombasa, Kenya CNN —A small moment during King Charles’ state visit to Kenya may have defined it. An elderly war veteran was waiting in a wheelchair for his turn to meet the British monarch at the Commonwealth War Graves Commission’s Kariokor cemetery in Nairobi on Wednesday morning. Because anyone back then who had supported the British colonial power became a target for the Mau Mau resistance who were on their own campaign to seize their country back. Some of the 6,000 Africans rounded up in Nairobi by police searching for Mau Mau rebels in April 1953. King Charles’ moves are a progression from the way his mother operated.

Persons: King Charles ’, Graves, Samwel Nthigai Mburia, Charles ’, Elizabeth II, Mburia, King Charles, Queen Camilla, Charles, Samir Hussein, “, ” Mburia, Evelyn Kimathi, Dedan Kimathi, she’d, Evelyn, ” he’d, Mau, Queen Elizabeth II Organizations: CNN’s Royal, Kenya CNN, Commonwealth, Guinness World Records, Royals, “, Uhuru Gardens, Keystone, Hulton, European Union Locations: Mombasa, Kenya, British, Kariokor, Nairobi, Cpl, Ethiopia, Egypt, Myanmar, United Kingdom, ”, Mau Mau, Germany, France

☆ The Adidas team working with Kanye West was given subscriptions to a meditation app and regularly had group-therapy-like sessions to deal with the stress
▼ + stars: | 2023-10-27 | by ( Alex Bitter | Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

Kanye West was reportedly so difficult to deal with that it took a toll on the Adidas team working with him. A New York Times investigation found that the team had to have group therapy-like sessions to deal with the stress. AdvertisementAdvertisementMembers of the Adidas team working with Kanye West were given a subscription to a meditation app and regularly had group therapy-like sessions to deal with the stress of working with the rapper, a New York Times investigation found. They were also given a subscription to a meditation app and regularly held group therapy-like sessions, the outlet reported. In 2013, the year that Adidas and Ye unveiled their partnership, the brand's sales in North America were down 1%.

Persons: Kanye, —, Ye, Hitler, Eric Liedtke, Liedtke Organizations: Adidas, New York Times, West, Service, Kanye, Times, TMZ Locations: North America

☆ Why food giants are rushing into a world of mustard Skittles and caviar-topped Pringles
▼ + stars: | 2023-10-27 | by ( Laura Petrecca | ) www.cnbc.com time to read: +2 min

A "crisps and caviar" snack kit from Pringles and The Caviar Co. While brand partnerships are a tried-and-true tactic to get attention, the marketing mashups of 2023 take it to a whole new level. Waning consumer attention spans and the escalating number of marketing messages have forced companies to find novel ways to break through. Beanstalk put together the partnership between Kellogg's Pringles brand and The Caviar Co. after noticing a trend on TikTok where users added a dollop of caviar on the chip. The three caviar kits, priced at $49, $110, and $140 — which include separate containers of Pringles and caviar — went viral on social media, with users posting videos of the kits and doing taste tests.

Persons: Tiffany, Burger King, Daniel Anderson, Allison Ames Organizations: Nike, Revlon, Stone Creamery, Kellogg's, Housewives, New Locations: New York

☆ Foxconn founder Terry Gou lies low in Taiwan election as China tax probe reverberates
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +6 min

[1/2] Terry Gou, founder of Taiwan's Foxconn poses for pictures while saluting during a news conference in Taoyuan, Taiwan April 5, 2023. But three months out from the election, Gou, whose net worth is estimated by Forbes at $6.7 billion, has gone to ground. China claims Taiwan as its own and believes Lai, who leads opinion polls, is a separatist bent on a formal declaration of independence. Since the Global Times report came out, Gou's team has declined to comment, referring questions to Foxconn itself. Gou remains a lauded figure at Foxconn after stepping down as chairman in 2019, referred to reverentially as "the founder".

Persons: Terry Gou, Taiwan's, Carlos Garcia Rawlins, Taiwan's Terry Gou, Gou, Lai Ching, Lai, Steve Jobs, Foxconn, Democratic Progressive Party's, reverentially, Xi Jinping, Ben Blanchard, Sonali Paul Organizations: REUTERS, Rights, Apple, Forbes, Global Times, Taiwan, Democratic Progressive, DPP, Taiwan People's Party, Hai Precision Industry Co Ltd, Chicago, Atari, Dell, Sony Corp, Nintendo Co, Microsoft Corp, Communists, Communist Party's, Thomson Locations: Taoyuan, Taiwan, Rights TAIPEI, China, Foxconn, Beijing, Kuomintang, People's Republic of China

☆ He knew 'nothing' about selling alcohol when he launched Patrón—then he sold it for $5.1 billion
▼ + stars: | 2023-10-25 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

When John Paul DeJoria first started selling tequila, he knew plenty about business — but "nothing whatsoever" about the liquor industry, he says. He was convinced he had a product superior to anything else on the market, and he knew he could sell it. Today, Patrón is one of the top-selling tequila brands in the world, selling roughly 3 million cases each year. Forbes currently estimates his net worth at roughly $3 billion. We knew nothing about the business, but we knew it was the best tequila in the world.

Persons: John Paul DeJoria, He'd, DeJoria —, —, hairstylist Paul Mitchell, John Paul Mitchell, DeJoria's, Martin Crowley, DeJoria, Francisco Alcaraz, Clint Eastwood Organizations: CNBC, John Paul Mitchell Systems, Bacardi Limited, Forbes Locations: Mexico, Mexican, Los Angeles, Patrón

NEW YORK (AP) — Bud Light is set to return as the official beer of the UFC in the U.S. next year as the brand tries to recover from a conservative backlash to a promotion with a transgender influencer. Under a new multiyear marketing deal between the promoter of mixed martial arts fights and Bud Light maker Anheuser-Busch, the brewer will become the UFC's “Official Beer Partner” in the U.S. starting Jan. 1, the two companies announced. Bud Light has also faced backlash from Mulvaney’s supporters and LGBTQ+ rights groups, who say the company didn’t do enough to support her. In June, Bud Light lost its place as America’s best-selling beer after more than two decades, slipping into second place behind Mexican lager Modelo Especial. As Bud Light sales plunged, Anheuser-Busch InBev reported a 10.5% fall in U.S. revenue for this year's second quarter.

Persons: Bud Light, Dana White, influencer Dylan Mulvaney, Bud, Stella Artois, Corona Organizations: UFC, Anheuser, Busch, InBev, Bloomberg, Crypto.com, Modelo Especial, Constellation Brands, Busch InBev, Bud Light Locations: U.S

☆ China's Singles Day sales festival wraps up with e-commerce giants reporting sales growth
▼ + stars: | 2023-10-21 | by ( Casey Hall | Thomson Reuters | Casey Has Reported On China'S Consumer Culture Her Base In Shanghai For More Than A Decade | ) www.reuters.com time to read: +3 min

SHANGHAI, Nov 12 (Reuters) - Alibaba Group (9988.HK) reported that its Chinese e-commerce platforms Tmall and Taobao recorded "positive" year-on-year growth over this year's Singles Day sales period, which wrapped up at midnight on Saturday. Meanwhile competitor JD.com (9618.HK) said its festival GMV (gross merchandising volume) hit a "record high" over the sales period. A Bain and Company report released last week found that 77% of the 3,000 consumers it surveyed had planned to spend less or the same on Singles Day compared with last year. Though several consultancies were predicting Singles Day GMV growth across platforms would reach anywhere from 14% to 18% - returning to double-digit growth for the first time since the pandemic - the final sales picture will take longer to energe. Colour cosmetics, traditionally a strong performer throughout the Singles Day sales period, were expected to struggle this year as make-up demand remains low almost a year after China lifted strict COVID-19 restrictions.

Persons: Taobao, JD.com, Alibaba, Bain, Casey Hall, Simon Cameron, Moore Organizations: Alibaba, HK, PDD Holdings, Company, Nike, Thomson Locations: SHANGHAI, China

☆ This faux-leather jacket is made by bacteria
▼ + stars: | 2023-10-19 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +7 min

“A yellow leather jacket” might not be your first answer, but it’s exactly what came out of a collaboration between Danish fashion brand Ganni and Mexican biomaterials company Polybion. “We were impressed by the fact that a lot of people love the jacket because the material did not resemble leather,” said Alexis Gómez-Ortigoza, Polybion’s co-founder. “We isolated our first bacteria from that drink.”Kombucha is an increasingly popular fermented tea drink, and the bacterial biomass used to make the jacket, called Celium, comes from that jar. “We feed the bacteria with fruit waste, which is extremely abundant here in central Mexico,” said Gómez-Ortigoza. Although it shares some similarities with leather, Celium is an organic material that's meant to have its own look and feel.

Persons: ”, Alexis Gómez, Polybion’s, “, Axel, Bárbara González, Gómez, Polybion, Ortigoza, Lauren Bartley, Ganni, Michelle Obama, Bartley, Kate Goldsworthy, who’s, Kate Fletcher Organizations: CNN, Ganni’s Sustainability, University of the Arts London, Royal Danish Academy, Copenhagen, Oslo Metropolitan University Locations: Mexican, Mexico, Celium, France, Norway

☆ Annette Bening Knows a Thing or Two About Difficult Women
▼ + stars: | 2023-10-19 | by ( Ligaya Mishan | ) www.nytimes.com time to read: +111 min

© TriStar/Everett Collection Bening and Warren Beatty in “Bugsy.” Everett Collection Bening in “American Beauty” (1999). © DreamWorks/courtesy of Everett Collection Bening and Jeremy Irons in “Being Julia” (2004). © Sony Pictures Classics/Everett Collection Bening and Julianne Moore in “The Kids Are All Right” (2010). Suzanne Tenner/© Focus Features, via Everett Collection Bening and Billy Crudup in “20th Century Women” (2016). Firstview (8); courtesy of Prada PRADA STILL resides in the Milanese apartment where she and her two older siblings, Marina and Alberto, grew up.

Persons: Queen Latifah Annette Bening Henry Taylor Miuccia Prada, I’m, Queen Latifah, Henry Taylor, D’Angelo Lovell Williams, Miuccia Prada, Collier Schorr, Annette Bening, Katy Grannan, Delphine Danhier, Rob Talty, Sara Tagaloa, Rahim Fortune, Ian Bradley, Iasia Merriweather, Raisa, Prada, you’ve, YANAGIHARA, ANNETTE BENING, Diana Nyad, “ Nyad, ”, Bening’s, Jimmy Chin, Elizabeth Chai Vasarhelyi, Alex Honnold’s, ” Chin, “, Nyad, Bening, —, Rada Owen, Owen “, Ralph Lauren, Carrie Fisher’s, Julia ”, Robert Caro, ” Bening, that’s, Delphine Danhier Gabriela Hearst poncho, Dianne Feinstein, She’s, Austin Butler, Elvis, manqué, “ It’s, Mike Mills, Nyad ”, Diana, he’s, Cillian Murphy, “ Oppenheimer, Kurt Collins, BENING, Tina, Tony, Pierre Choderlos, didn’t, Marquise de Merteuil, Milos Forman’s “, Glenn Close, Valmont, she’s, Lisa Cholodenko, Meryl Streep, Alexander McQueen, Forman, Stephen Frears, Myra Langtry, Langtry, Bugsy ”, she’d, Warren Beatty, moll Virginia Hill, Reagan, “ I’ve, 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