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Coach Parent Tapestry Acquires Michael Kors, Versace, Jimmy Choo Owner Capri Holdings for $8.5B

Aug 11, 2023 07:25 am UTC| Business Economy

Tapestry, a New York-based house of luxury that has Coach, Kate Spade New York, and Stuart Weitzman in its portfolio, is expanding its business further by acquiring Capri Holdings Limited for $8.5 billion. This deal will...

FSS Raids Kakao Founder's Office Amid SM Entertainment Stock Manipulation Claims

Aug 11, 2023 06:37 am UTC| Business Economy

The Financial Supervisory Service (FSS) of South Korea raided the office of Kakao Corp. founder Kim Beom Soo amid allegations of manipulating SM Entertainments stock prices during a high-profile acquisition. Sources...

Disney Plus, Hulu Hike Ad-Free Prices Amid Slumping Sales; CEO Iger Remains Optimistic for Growth

Aug 11, 2023 06:09 am UTC| Business Economy

Walt Disney Company is raising the prices of its streaming services as sales are declining. The company is implementing a price hike to increase the businesss profitability. Associated Press News reported that Walt...

Digital Currency Revolution

Leonardo da Vinci's $450M 'Salvator Mundi' Reimagined as NFT by ElmonX, Bridgeman Images

Aug 10, 2023 10:17 am UTC| Business Digital Currency Investing

Leonardo da Vincis world-record painting, Salvator Mundi, embarks on a digital voyage, minted as an NFT by ElmonX in collaboration with Bridgeman Images. The iconic piece sees blockchain immersion in two exclusive versions...

Ralph Lauren, Tommy Hilfiger Ban Korean Customers from Their Home Websites - Here’s Why

Aug 10, 2023 09:51 am UTC| Business Economy

Polo Ralph Lauren and Tommy Hilfiger have reportedly blocked the IP addresses of their Korean customers to stop them from visiting their home web page. The fashion brands are said to have made the move to make Koreans buy...

WeWork Casts Doubt on Survival in Recent SEC Filing Amid Declining Membership

Aug 10, 2023 09:43 am UTC| Economy Investing Business

WeWork has sounded the alarm over its ability to continue operating following its recent SEC filing that reveals deep financial struggles, plummeting memberships, and pressing cash requirements. The company, once valued at...

Target to Launch Starbucks Curbside Pickup in 1,700+ US Stores

Aug 10, 2023 09:16 am UTC| Business Economy

Target Corporation expands its innovative offerings by introducing Starbucks curbside pickup in over 1,700 U.S. stores. Following a successful trial, the retail juggernaut takes a caffeinated step towards boosting sales...

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Economy

Rising Jet Fuel Costs from Iran Conflict Push Airfare Higher Across Europe

Disruptions to global oil supplies linked to the Iran conflict are driving a sharp increase in jet fuel prices, adding significant costs to air travel across Europe. According to analysis from campaign group Transport ...

UK Wage Growth Slows to 3.6% as Inflation Pressures Complicate Bank of England Outlook

British wage growth showed signs of cooling, though not as sharply as analysts had anticipated, according to the latest data from the Office for National Statistics (ONS). Regular pay, which excludes bonuses, rose by 3.6%...

US-Iran Peace Talks Fuel Market Optimism Amid Ongoing Tensions

The United States has expressed renewed confidence that peace talks with Iran could resume soon in Pakistan, raising hopes of easing geopolitical tensions that have disrupted global energy markets. A senior Iranian...

Asian Currencies Stay Range-Bound as Dollar Holds Steady Ahead of Fed Nominee Hearing

Asian currencies traded within a narrow range on Tuesday as geopolitical uncertainty surrounding potential U.S.-Iran peace talks kept investors cautious. With a temporary ceasefire set to expire later this week, traders...

Gold Prices Slip Amid Iran Tensions and Fed Chair Uncertainty

Gold prices edged lower during Asian trading on Tuesday as investors weighed geopolitical risks and monetary policy uncertainty. The precious metal remains range-bound, with traders closely monitoring developments...

Politics

Pakistan Halts $1.5 Billion Sudan Arms Deal After Saudi Arabia Withdraws Support

Pakistan has reportedly paused a $1.5 billion defense deal to supply weapons and fighter jets to Sudan after Saudi Arabia withdrew financial backing and urged Islamabad to abandon the agreement. According to Pakistani...

UN Secretary-General Race 2027: Key Candidates Competing to Replace Antonio Guterres

The race to select the next United Nations Secretary-General is gaining momentum as global leaders position themselves for the top diplomatic role. The 10th UN chief will assume office on January 1, 2027, for a five-year...

Philippines Says U.S. Access to EDCA Bases Limited by Land Issues and Delays

Philippine Defense Secretary Gilberto Teodoro has revealed that the use of military bases accessible to the United States under the Enhanced Defense Cooperation Agreement (EDCA) remains limited, citing unresolved land...

Trump Maintains Iran Naval Blockade as Ceasefire Deadline Nears

U.S. President Donald Trump announced that the naval blockade against Iran will remain in force until a formal agreement is reached with Tehran, adding uncertainty ahead of a looming ceasefire deadline later this week. In...

Gaza Violence Continues Despite Ceasefire as Israeli Strikes and Clashes Escalate

Israeli airstrikes in the Gaza Strip killed at least five Palestinians on Monday, according to Palestinian health officials, highlighting ongoing violence despite a fragile ceasefire agreement. The incidents occurred in...

Science

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

Technology

SpaceX President Gwynne Shotwell Earns $85.8M as IPO Buzz Grows

SpaceX President and Chief Operating Officer Gwynne Shotwell earned $85.8 million in total compensation last year, according to details from the companys S-1 filing, positioning her among the highest-paid executives in the...

John Ternus Signals Apple’s Future with Product-First AI Strategy

Apples incoming CEO John Ternus is already shaping expectations for the companys future, and his stance on artificial intelligence reveals a clear direction. Unlike competitors such as Microsoft and Google, which are...

Jeff Bezos Eyes $10 Billion Funding Round for AI Venture Project Prometheus

Jeff Bezos is reportedly closing in on a massive fundraising deal for his artificial intelligence startup, signaling a major move in the rapidly expanding AI industry. According to a Financial Times report citing sources...

Apple Stock Dips as Tim Cook Steps Down, John Ternus Named Next CEO

Apple (NASDAQ: AAPL) shares slipped more than 1% in after-hours trading Monday following a surprising leadership transition announcement. The tech giant revealed that longtime CEO Tim Cook will move into the role of...

Amazon Expands AI Bet with Up to $25 Billion Investment in Anthropic

Amazon is significantly deepening its artificial intelligence strategy by announcing a new investment of $5 billion in AI firm Anthropic, with the potential to reach up to $25 billion based on performance milestones. This...