America Movil SAB and Grupo Televisa SAB were ordered by Mexico’s government to share their infrastructure with competitors in a bid to cut the market share of the nation’s dominant phone and media companies.
Adidas AG forecast 2014 profit as much as 17 percent below analysts’ estimates as the weakness of currencies such as the Russian ruble and Argentine peso weighs on the world’s second-biggest sporting-goods maker.
A group representing European soccer clubs will meet with officials from the sport’s governing body to discuss switching the dates of the 2022 World Cup in Qatar to winter because of extreme heat in the emirate.
Adidas AG said Chief Executive Officer Herbert Hainer will remain at the helm through 2017, extending his contract by two years and giving the world’s second-largest sporting-goods maker time to find a new leader.
To many people, Brazil is the country of “Carnaval” and “futebol.” As the country prepares to host the World Cup this year, floats paying homage to two of its biggest soccer stars will parade through Rio de Janeiro and Sao Paulo.
The bankruptcy of a major Bitcoin exchange in Japan not only focused attention on the digital currency’s risks, it also rattled a still-newer market that regulators are just starting to monitor: Bitcoin derivatives.
When FIFA General Secretary Jerome Valcke arrived at the new stadium in Manaus, Brazil, to promote a program that taught the World Cup city’s taxi drivers English, his cab was decorated with black tape.