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Speedo ditches Olympic champion for attending Putin rally

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Olympic champion Evgeny Rylov has lost a speedo deal after attending a rally in Moscow hosted by Putin

 

As the war in Ukraine continues, Russian athletes are being dropped from their respective sports. Some are banned for simply being Russian but others are dropped because they outrightly support Vladimir Putin.

Prominent Swimwear brand Speedo has immediately terminated its sponsorship deal with 25-year-old Evgeny Rylov, a two-time Olympic gold medalist.


According to a Russian Newspaper, Novaya Gazeta, Rylov stood alongside seven other Russian athletes to commemorate Russia’s annexation of Crimea.

In February and March 2014, Russia invaded and annexed the Crimean Peninsula from Ukraine. The invasion took place in the aftermath of the Revolution of Dignity and is part of the wider Russian-Ukrainian conflict.

This day is seen as illegal by the Ukrainian Government and condemned by the west.

Speedo says they stand in solidarity with Ukraine and will not support Russian agression.

The prominent brand says further sponsorship fees will be given to the UN commissioner for refugees.

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The EV transformation expands to legacy vehicles

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This week witnessed another milestone in the automotive industry as the legendary Mercedes-Benz G-Wagen embarked on its electric journey, aligning with global sustainability efforts.

Simultaneously, Toyota and Mazda debuted EV offerings tailored for the booming Chinese market, signalling a strategic shift towards collaboration with advanced Chinese partners.

While the electric G-Wagen promises both eco-friendliness and off-road prowess with its innovative design, questions arise about Japanese automakers’ perceived lag in EV development, countered by the strategic imperative to tap into the rapidly growing Chinese EV market. As automotive icons embrace electrification and traditional players adapt through partnerships, it’s clear that collaboration and innovation will drive the future of mobility.

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The degree dilemma, income shifts, debt, and dream homes

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As individuals face the daunting choice between paying off student debt, saving for a first home deposit, or exploring alternative options like rentvesting, careful consideration of various factors becomes imperative.

 

In the midst of these challenges, a couple in the inner north ingeniously employed a strategy to realise their dream of a larger home while managing HECS debt and affordability hurdles.

Rentvesting emerges as a viable solution for individuals grappling with the burdens of high HECS debt and property affordability issues.

Moreover, the decreasing income premium tied to a university degree is closely intertwined with changing economic dynamics and shifts in the job market, underscoring the need for innovative approaches to education and financial planning in today’s society.

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President Biden signs TikTok bill – what’s next?

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TikTok users could soon find that the popular social media service is either under new ownership or could be outright banned in the United States.

President Joe Biden signed a bill into law that requires TikTok to find a new owner—or face a ban in the United States.

Over the past several months, Washington D.C. has been under pressure to ban the popular Chinese-owned social media app.

Lawmakers and security experts have long raised concerns that the Chinese government could tap TikTok’s trove of personal data about millions of U.S. users.

TikTok’s CEO said the bill is disappointing and reiterated that the company has committed to challenge it.

David Zhang from China Insider. joins Veronica Dudo to discuss

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