Questions and Answers about
Business
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in BusinessWho owns the Gucci fashion label?
Answer: French-based multinational luxury goods corporation Kering owns fashion labels Gucci, Yves Saint Laurent, Alexander McQueen, and Bottega Veneta. More answers inside!
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in BusinessGeneral Electric is splitting into three companies. In which fields?
Answer: On Tuesday, Nov. 9, 2021, General Electric announced that it would divide itself into three public companies focused on aviation, health care, and energy.
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in BusinessWhich California law did Kanye West’s Yeezy Apparel break that cost it $950,000 to settle?
Answer: Yeezy Apparel, the company founded by the artist formerly known as Kanye West (who now goes by Ye), will pay $950,000 to settle a lawsuit brought by the Los Angeles County district attorney’s office over shipping delays. The California state law requires online shopping items to be delivered within 30 days.
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in BusinessBitcoin is the biggest cryptocurrency by market value. What is the second?
Answer: Ether, the second-biggest cryptocurrency by market value, hit $4,842 on Tuesday, Nov. 9, 2021, while Bitcoin rose as high as $68,564. Since June, both have more than doubled and added nearly 70% against the dollar since the start of Oct. 2021.
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in BusinessIn which European country has Google News been unavailable since 2014?
Google News closed in Spain in late 2014 in response to legislation that forced it to pay a collective licensing fee to republish headlines or snippets of news._x000D_
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in BusinessWhat year saw Tesla break the $1 trillion market worth barrier?
Tesla became the sixth company in US history worth $1 trillion on Oct. 25, 2021. It’s also the second-fastest to achieve that milestone after Facebook. The newly-named Meta Platforms first passed the $1 trillion barrier on June 28, 2021._x000D_
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in BusinessChina Telecom serves more than 335 million subscribers worldwide. How many are in the US?
The US government said on April 2020 that China Telecom is targeting its mobile virtual network to more than 4 million Chinese Americans. That’s in addition to 2 million Chinese tourists a year visiting the United States, 300,000 Chinese students at American colleges, and the more than 1,500 Chinese businesses in America.
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in BusinessWhat’s McPlant?
The McPlant is McDonald’s plant-based burger co-developed with Beyond Meat, which includes a plant-based patty, vegan cheese, and vegan sandwich sauce. It is cooked separately from other McDonald’s burgers and sandwiches using dedicated utensils._x000D_
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in BusinessWhat are the Pandora Papers?
The Pandora Papers (not to be confused with the Malta Files, China Cables, or the Global tobacco industry ICIJ investigation) is a global investigation on how the rich and powerful hide their investments published by ICIJ – The International Consortium of Investigative Journalists – on Sunday, Oct. 3, 2021. The Pandora Papers include more than…
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in BusinessWhat’s China’s stand on cryptocurrency in 2021?
On Friday, Sept. 24, 2021, the Chinese government vowed to root out “illegal” cryptocurrency activities. Beijing’s new blanket ban on all cryptocurrency trading and mining is the broadest yet by a major economy. China is, however, developing an official digital currency of its own.
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in BusinessWhich cities are available at launch on Apple’s iPhone’s new IOS 15 3D Maps?
Upon the release of Apple IOS 15 on Sept. 20, 2021, Apple Maps rolled out a new extra-detailed 3D map. San Francisco, Los Angeles, New York, and London are the only cities available on the new service at launch._x000D_
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in BusinessWhat is Apple’s ProMotion?
According to Apple, ProMotion is a technology that supports an adaptive refresh rate from 10Hz to 120Hz, enhancing scrolling and responsiveness while preserving battery life. The new iPhone 13 Pro models feature the ProMotion technology.
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in BusinessWhich company owns TMZ?
Fox Corp. has completed its acquisition of TMZ, the company behind the daily syndicated TV shows “TMZ” and “TMZ Live,” from WarnerMedia at a price tag estimated at around $50 million. The deal includes TMZ’s assets, including the TMZ Sports digital site and its TooFab celebrity unit that houses the hugely popular TMZ.com.
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in BusinessWhich food products were in short supply in the UK in 2021?
Brexit and the coronavirus pandemic sparked a supply chain crisis in the United Kingdom during 2021, leading to scarcities of goods, including McDonald’s milkshakes, Nando’s chicken, and the Marmite breakfast spread._x000D_
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in BusinessWhat is Nifty?
Nifty is the name of the Indian stock market index (Nifty 50). It’s also a Japanese internet service provider but perhaps best known worldwide as the prenatal DNA test of women and fetuses made in China. The test is sold in at least 52 countries. It screens for Down’s syndrome and more than 80 other…
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in BusinessHow is the Chinese government limiting online gaming for children?
According to a notice from the Chinese National Press and Publication Administration, China’s continuing crackdown on tech companies.
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in BusinessWho was the first person in history to take off in his own spaceship?
On Sunday, July 11, 2021, billionaire Richard Branson became the first person to blast off in his own spaceship, V.S.S. Unity, beating Jeff Bezos, the richest person on the planet, by nine days._x000D_
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in BusinessHow much does a ticket to space cost on Virgin Galactic?
With tickets initially costing $250,000 apiece, Virgin Galactic already has more than 600 reservations from would-be space tourists.
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in BusinessWith which company does billionaire Elon Musk plan to take his first space trip?
Virgin Galactic told the Wall Street Journal Elon Musk had bought a ticket for his own space ride with Richard Branson’s space-tourism company. It is unclear how far up the waiting list Musk is for a seat. In a preflight interview by London’s Sunday Times, Branson said: “Elon’s a friend, and maybe I’ll travel on…
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in BusinessWhat is the Pegasus software?
Pegasus is spyware developed by the Israeli NSO Group that can be covertly installed on mobile phones (and other devices). Officially, it’s intended for use against criminals and terrorists and made available to only military, law enforcement, and intelligence agencies from countries with good human-rights records._x000D_