Business

Sorenson, CEO of Marriott, dies after battling cancer

[ad_1] REUTERS: Marriott International CEO Arne Sorenson, who was undergoing treatment for pancreatic cancer, has died, the company said Tuesday. The first family member to head the hotel chain, Sorenson, 62, had left his full-time position earlier this month to treat cancer that was diagnosed in 2019. Commercial Commercial Marriott …

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Adidas plans to sell struggling Reebok brand

[ad_1] BERLIN: German sportswear manufacturer Adidas plans to sell or spin-off its underperforming Reebok brand, 15 years after it bought the American fitness brand to help compete with archrival Nike. Adidas said Tuesday that it had decided to begin a formal process aimed at selling Reebok as part of a …

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Singapore’s economy will grow between 4% and 6% this year; The 2020 contraction slowed to 5.4%, Economy News & Top Stories

[ad_1] SINGAPORE – Singapore maintained its forecast that the economy will grow gradually this year out of its worst recession, noting continued support for the unemployed and vulnerable sectors of the population. The economy will grow between 4.0% and 6.0% this year, the Ministry of Commerce and Industry (MTI) said …

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