Joseph Tsai to buy Brooklyn Nets for $2.35B in record deal

Joseph Tsai, the billionaire co-founder of e-commerce giant Alibaba, is close to signing a deal to buy the 51 percent of the Brooklyn Nets he does not already own from Russian billionaire Mikhail Prokhorov, sources told The Post. The deal is expected to be announced this week, sources said. The $2.35 billion

A Boom Time for the Bunker Business and Doomsday Capitalists

Kiki Bandilla, 52, a health insurance agent in Castle Rock, Colo., distanced herself from people she called “Chicken Littles,” who think “the sky is falling.” She characterized her membership at a survival community called Fortitude Ranch as a reasonable insurance policy. “I don’t like to be dependent on anything, be it

The Rise of the Virtual Restaurant

Many of the delivery-only operations are nascent, but their effect may be far-reaching, potentially accelerating people’s turn toward order-in food over restaurant visits and preparing home-cooked meals. Uber and other companies are driving the change. Since 2017, the ride-hailing company has helped start 4,000 virtual restaurants with restaurateurs like Mr. Lopez,

French competition authority approves Salto project; launch in Q1 2020

The French Competition Authority (l’Autorité de la Concurrence) has given the go-ahead for the Salto joint-venture SVOD service. Salto’s commercial offer is due to be launched in the first quarter of 2020. The Salto project, which consists in creating a common SVOD service between France Télévisions, TF1 and M6, was set up

Versace, Coach and Givenchy apologize to China for ‘Hong Kong’ T-shirts – “We love China and respect the sovereignty of China’s territorial state”

"We love China and respect the sovereignty of China's territorial state" The New York  Times reports that luxury brands Versace, Coach and Givenchy have apologized to China for ‘Hong Kong’ and ‘Macau’ clothes. Social media users in China had called for boycotts of the western brands after T-shirts showing Hong Kong and

Trade war-struck farmers resort to side jobs to make ends meet

China’s vow to stop buying U.S. agricultural goods comes at a dire time for farmers, who have been cutting costs and picking up side-hustles — like hosting pizza nights for agri-tourists — to make ends meet. Why it matters: Adverse weather conditions, slumping commodity prices and trade wars are threatening farmers'

THC Tall Cans? AriZona Beverage Company Joins the Weed Industry

AriZona’s green teas are available in practically every gas station and grocery store in the US. And we may soon see AriZona bringing another kind of green tea to the market — teas infused with the other green: marijuana. New York’s AriZona Beverage Company recently struck a partnership deal with Colorado’s Dixie