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Mon, Feb 16, 2026 06:24 AM All times are UTC

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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...

Chipotle Mexican Grill Announces Historic Stock Split

Mar 20, 2024 08:52 am UTC| Business

Chipotle Mexican Grill, Inc. has unveiled plans for a significant stock split, marking a monumental milestone in the companys history. The Board of Directors has approved a 50-for-one split of its common stock, set to...

Microsoft Recruits Google DeepMind Co-Founder Mustafa Suleyman to Lead AI Unit as CEO

Mar 20, 2024 08:25 am UTC| Business Technology

Microsoft Corporation said on Tuesday, March 19, that it hired the co-founder of DeepMind Technologies Limited, Mustafa Suleyman, to be the chief executive officer of its new artificial intelligence (AI) business unit. The...

PepsiCo to Stop Linear TV Advertising to Focus on Digital Marketing

Mar 20, 2024 08:21 am UTC| Business

PepsiCo has decided to completely redirect its advertising spend away from linear TV to digital platforms. This shift, as communicated by PepsiCo ANZ marketing head Vandita Pandey to BT, is aimed at aligning with its...

Boeing Prompted to Address Safety Culture Before Boosting 737 MAX Production

Mar 20, 2024 08:18 am UTC| Business

The head of the Federal Aviation Administration emphasized that Boeing must enhance its safety culture and resolve quality issues before receiving approval to increase 737 MAX production. The FAAs decision follows a...

Unilever to Lay Off 7,500 Employees Amid Spinoff of Ice Cream Unit

Mar 20, 2024 07:16 am UTC| Business

Unilever PLC reveals its plans to reduce its workforce across its global operations. The British fast-moving consumer goods firm will also spin off its ice cream business unit, including the famous Ben Jerrys frozen...

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Economy

Asian Currencies Trade in Tight Range as Dollar Steadies; Yen Slips on Weak Japan GDP

Asian currencies moved within a narrow range on Monday as thin holiday trading and steady U.S. dollar performance limited major price swings. Market closures in China, Taiwan, and South Korea reduced regional liquidity,...

Asian Stock Markets Trade in Narrow Range as Japan GDP Misses Forecasts, Hang Seng Gains

Asian stock markets traded in a tight range on Monday as a week-long Lunar New Year holiday in China reduced regional trading volumes, while weak Japanese GDP data pressured Tokyo equities. Market participation was further...

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...

Politics

Zelenskiy Urges Stronger Sanctions as U.S.-Brokered Ukraine-Russia Peace Talks Near

Ukrainian President Volodymyr Zelenskiy expressed cautious optimism ahead of U.S.-brokered peace talks between Ukraine and Russia scheduled in Geneva next week. Speaking at the Munich Security Conference, Zelenskiy said he...

Rubio Reaffirms Transatlantic Alliance at Munich Security Conference Amid Ukraine and Russia Tensions

U.S. Secretary of State Marco Rubio described the United States as a child of Europe during a closely watched speech at the Munich Security Conference, aiming to reinforce transatlantic unity after a turbulent year in...

EU Divided on Setting 2027 Timeline for Ukraine Membership Amid Ongoing War

European Union foreign policy chief Kaja Kallas has indicated that EU member states are not prepared to offer Ukraine a concrete timeline for joining the bloc, despite renewed calls from Ukrainian President Volodymyr...

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...

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

Disney Issues Cease-and-Desist to ByteDance Over Alleged AI Copyright Infringement

Disney has sent a cease-and-desist letter to ByteDance, accusing the Chinese tech giant of using copyrighted Disney characters to train and power its Seedance 2.0 AI video generator without authorization, according to a...

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...