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Lawsuit Accuses Hermès of Unfair Practices in Birkin Handbag Sales

Mar 21, 2024 03:16 am UTC| Business

A new class action lawsuit in California targets luxury brand Hermès, alleging antitrust violations in its exclusive Birkin handbag sales practices. The lawsuit claims that Hermès restricts the iconic...

Chipotle Stock Reaches Record High with 50-for-1 Split Approval

Mar 21, 2024 03:01 am UTC| Business

Chipotle Mexican Grills stock surged past the $3,000 mark, marking a significant milestone for the company. The burrito chains board approved a 50-for-1 stock split to attract investors concerned about the high per-share...

Apple CEO Tim Cook Says China Supply Chain Vital, No Match Found Worldwide

Mar 20, 2024 14:24 pm UTC| Technology Business

In the most recent interview with Tim Cook, the companys CEO emphasized the importance of Chinas supply chain to Apple, implying that both will continue to collaborate in the foreseeable future despite the US governments...

CJ OliveNetworks, Addverb Join Forces for Smart Logistics Business

Mar 20, 2024 10:23 am UTC| Business

CJ OliveNetworks Co., Ltd and Addverb Technologies have signed a strategic partnership deal to create smart manufacturing logistics solutions. The companies agreed to integrate the formers expertise in system-building with...

Macy's in Talks for Potential Takeover Amidst Competition

Mar 20, 2024 09:59 am UTC| Business

Macys Inc. has agreed to open its books to Arkhouse and Brigade Capital, potentially advancing the investment firms $6.6 billion bid to acquire the U.S. department store giant. After rejecting previous acquisition...

Sephora Ends Operations in South Korea; LVMH Beauty Company to Leave in May

Mar 20, 2024 09:35 am UTC| Business

Sephora, a French personal care and beauty products company owned by LVMH Mot Hennessy Louis Vuitton, is withdrawing its business in South Korea. The company is set to leave the Korean market in May. Failure to Topple...

Gucci Expects 20% Sales Decline Mainly Due to Asian Market Challenges

Mar 20, 2024 08:59 am UTC| Business

Shares of Kering are set to drop as Gucci predicts a 20% sales decline in the first quarter, mainly due to Asian market challenges. The luxury fashion house Kering anticipates a setback in its performance, primarily...

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Economy

Ukraine Secures $8.2 Billion IMF Loan as Tax Conditions Are Eased

Ukraines government has reached a revised agreement with the International Monetary Fund (IMF) on a new $8.2 billion lending program, easing several previously proposed conditions, including politically sensitive tax...

BOJ Governor Ueda Meets PM Takaichi as Markets Eye Possible Rate Hike

Bank of Japan Governor Kazuo Ueda and Prime Minister Sanae Takaichi are set to hold their first bilateral meeting on Monday since the ruling partys landslide election victory, a discussion that could shape expectations for...

Yen Pulls Back After Rally as Fed Rate Cut Bets Support Dollar Stability

The Japanese yen began the week slightly weaker against the U.S. dollar after posting its strongest weekly gain in more than a year. The currency eased 0.2% to 153.07 per dollar in early Monday trading, following a nearly...

Japan Coalition Urges BOJ Independence as Sales Tax Cut Plan Advances

Japans ruling coalition is signaling a clear stance on monetary policy independence while advancing plans for fiscal stimulus to strengthen the economy. Hirofumi Yoshimura, leader of the Japan Innovation Party (Ishin) and...

Oil Prices Steady as Iran-U.S. Nuclear Talks and OPEC+ Output Plans Shape Market Outlook

Oil prices traded in a narrow range on Monday as investors closely monitored upcoming Iran-U.S. nuclear talks and weighed the potential impact on global crude supply. Concerns that escalating tensions between Washington...

Politics

Anthropic’s Claude AI Reportedly Used in U.S. Operation to Capture Nicolas Maduro

Anthropics artificial intelligence model, Claude, was reportedly used in a U.S. military operation that led to the capture of former Venezuelan President Nicolas Maduro, according to a Wall Street Journal report citing...

Europe Rethinks NATO as U.S. Policy Shifts Shake Transatlantic Alliance

European leaders signaled a turning point in transatlantic relations at the Munich Security Conference, as European Commission President Ursula von der Leyen warned that some lines have been crossed that cannot be...

North Korea’s Ninth Party Congress to Spotlight New Weapons Goals and Military Modernization

North Korea is preparing to unveil fresh weapons development objectives at its Ninth Party Congress, as analysts assess that Pyongyang has only partially achieved the ambitious military targets outlined by leader Kim Jong...

Anduril Industries Seeks $8 Billion Funding at $60 Billion Valuation

U.S. defense tech startup Anduril Industries is reportedly in discussions to raise up to $8 billion in a new funding round that could value the company at no less than $60 billion, according to Bloomberg News, citing...

Democrats Pledge Major Spending on Virginia Redistricting Ahead of Midterm Elections

House Minority Leader Hakeem Jeffries said Democrats are prepared to spend tens of millions of dollars to support a Virginia redistricting initiative that could potentially secure four additional U.S. House seats for the...

Science

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...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Technology

OpenAI Hires OpenClaw Creator Peter Steinberger to Advance Next-Generation AI Agents

OpenAI has hired Peter Steinberger, the creator of the open-source artificial intelligence agent OpenClaw, according to CEO Sam Altmans announcement on social media Sunday. The move follows OpenClaws recent surge in...

Vietnam Approves SpaceX Starlink Satellite Internet Service Amid U.S. Trade Talks

Vietnam has officially granted SpaceX permission to deploy its Starlink satellite internet service in the country, marking a significant step in expanding high-speed connectivity across Southeast Asia. According to state...

Anduril Eyes $60 Billion Valuation in New Funding Round to Expand Defense Manufacturing and Autonomous Fighter Jet Development

U.S. defense technology firm Anduril Industries is reportedly in discussions to raise billions of dollars in fresh funding at a valuation of at least $60 billion, according to a recent report by The Information citing...

Grok AI Market Share Surges as xAI Faces Scrutiny Over Image Generation Controversy

Elon Musks AI chatbot Grok is rapidly gaining traction in the U.S., even as it faces mounting global criticism over the generation of non-consensual and sexualized AI images. According to data from app intelligence firm...

Lockheed Martin Secures $101M in U.S. Defense Contracts for AEGIS, F-35, and Missile Systems

Lockheed Martin has been awarded three U.S. Department of Defense contracts worth approximately $101 million, reinforcing its role as a leading defense contractor in advanced military systems, fighter jet support, and...