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Australia's central bank saw upside risks to inflation at Oct policy meeting
Australia's central bank saw upside risks to inflation at Oct policy meeting
SYDNEY, Oct 17 Australia's central bank considered raising rates at its recent policy meeting but judged there was
2023-10-17 08:56
Japan's manufacturers' sentiment weighed by overseas risks - Reuters Tankan
Japan's manufacturers' sentiment weighed by overseas risks - Reuters Tankan
By Tetsushi Kajimoto TOKYO Business morale at large Japanese manufacturers was subdued in October, although the services-sector mood
2023-10-11 07:27
Bitcoin Surge Sparked by Optimism Over ETFs Pauses Around the $30,000 Level
Bitcoin Surge Sparked by Optimism Over ETFs Pauses Around the $30,000 Level
A Bitcoin rally paused around $30,000 as investors assessed a flurry of applications in the US to start
2023-06-22 10:28
How much money would KSI and Logan Paul lose if it was banned?
How much money would KSI and Logan Paul lose if it was banned?
Boxer and rapper KSI and YouTuber-turned-WWE-star Logan Paul sure have hit the jackpot with their drinks company Prime, to the extent it’s sold for ridiculous prices, made one shop in Wakefield go viral, and even been reviewed by foul-mouthed chef Gordon Ramsay. The collaboration between Paul and KSI (real name Olajide “JJ” Olatunji) was announced back in January last year, with the pair just recently touring Munich, Barcelona, Copenhagen and Oslo to promote the drink. Prime has even become the drinks partner for both Arsenal and Barcelona football clubs. However, such success has also caught the attention of legislators, with one US senator, Democrat Chuck Schumer, calling for the company to be investigated by the Food and Drugs Administration (FDA). In a letter to the regulator, Mr Schumer wrote: “A simple search on social media for Prime will generate an eye-popping amount of sponsored content, which is advertising. “This content and all the claims made should be investigated, along with the ingredients and the caffeine content in the Prime energy drink.” Sign up to our free Indy100 weekly newsletter While Prime Hydration is caffeine-free, the Prime Energy brand contains 200mg of caffeine per 12 ounces, which is about the same as six cans of Coca-Cola or almost two Red Bulls. On Twitter, Mr Schumer went further and claimed the drink contains so much of the stimulant that it “could endanger kids’ health”, but is being “marketed to kids” anyway. “Parents and paediatricians are worried. The FDA must investigate Prime for its absurd caffeine content and its marketing targeting kids on social media,” he wrote. Representatives for Prime, meanwhile, argue the product is clearly labelled as “not recommended for children under 18”. Although the FDA is yet to announce an investigation into the drinks brand, and therefore it’s not yet at risk of being banned in the US, how much money would KSI and Logan Paul stand to lose if such a decision was ever taken? Some insight into just how popular the brand is was given by Paul during an interview on the Australian radio show The Kyle and Jackie O Show in February, in which he said they had garnered “$250m in retail sales [and] $110m gross internally”. “In January of this year, we did $45m,” he added. But of course, Olatunji and Paul won’t see all of that money, with Prime being part of the Congo Brands company and the YouTuber duo reportedly having a combined share of 20 per cent in the brand. Although we don't have the exact estimations, but we imagine the answer to the big question is that the pair would certainly lose a lot of money if they were blocked from selling in a market as big as America. That’s yet to happen, though, and so instead, Prime looks to be getting more and more popular… Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-07-10 22:21
Elon Musk Arrives in Japan for First Visit in Nine Years
Elon Musk Arrives in Japan for First Visit in Nine Years
Elon Musk has arrived in Japan for his first known visit in nine years. The chief executive officer
2023-08-18 08:48
Judge rejects attempt to block new Washington state gun restrictions
Judge rejects attempt to block new Washington state gun restrictions
A federal judge has rejected a request to block a new Washington state law banning the sale of certain semi-automatic rifles
2023-06-07 04:51
Energix Renewables, First Solar Enter into Framework Agreement
Energix Renewables, First Solar Enter into Framework Agreement
TEMPE, Ariz.--(BUSINESS WIRE)--Jul 16, 2023--
2023-07-16 17:15
GM earnings soar
GM earnings soar
General Motors reported its second-quarter earnings surged 59%, and the company raised its full-year profit outlook.
2023-07-25 18:46
Oil Majors Keen to Expand at Colombia Gas Blocks, Ecopetrol Says
Oil Majors Keen to Expand at Colombia Gas Blocks, Ecopetrol Says
International oil majors are eager to expand at promising natural gas projects off of Colombia’s Caribbean coast, Ecopetrol
2023-09-12 08:20
Layover, cramped seating, security lines: A day with players on a WNBA commercial flight
Layover, cramped seating, security lines: A day with players on a WNBA commercial flight
The New York Liberty had a 13-hour travel day from Connecticut to Las Vegas during a recent three-game road trip
2023-07-05 21:16
UK Home Asking Prices Climb at Fastest Pace in a Year
UK Home Asking Prices Climb at Fastest Pace in a Year
The price of houses put up for sale in the UK climbed at the fastest pace in a
2023-05-22 15:17
Asian markets build on global rally as Fed pause hopes grow
Asian markets build on global rally as Fed pause hopes grow
Asia extended a global markets rally Wednesday on a growing belief the Federal Reserve is finished with its interest rate hiking cycle, while optimism was also boosted by a report that China is...
2023-10-11 10:48