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Starbucks Appoints Molly Liu as Co-CEO for China; To Co-Lead with Belinda Wong

Sep 19, 2023 04:10 am UTC| Business Economy Life

Starbucks announces Molly Liu as the new co-CEO for its China division. Partnering with current CEO, Belinda Wong, Lius promotion emphasizes a leadership duo focused on the brands next chapter in China, following her...

Louis Vuitton, Gucci, Cartier Stores Expand in India as Mukesh Ambani’s Jio World Plaza Luxury Mall Opens

Sep 18, 2023 10:05 am UTC| Business Economy Life

Major luxury brands such as Louis Vuitton and Gucci are expanding their business in India as they are set to open new branches inside the new luxury mall owned by Mukesh Ambanis Reliance Industries Limited. The mega-mall...

Ferrari Renews Partnership with Puma, Extends Premium Role to Scuderia Racing Division

Sep 18, 2023 10:04 am UTC| Economy Life Sports Business

Ferrari has renewed its partnership with Puma, reinforcing ties that began in 2005. Scuderia Ferraris racing division will further the collaboration, signifying shared visions of excellence starting next year. The...

Genesis Surpasses 1 Million Global Sales, Marking Rapid Rise in Luxury Auto Sector

Sep 18, 2023 09:48 am UTC| Economy Life Business

Genesis proudly announced reaching a milestone of 1 million global sales this August. The brands offerings, including the popular G80 sedan and SUVs GV70 and GV80, have garnered significant global attention in under eight...

Korean Restaurants Adopt Digital Kiosks; McDonald's Korea Installs Voice Guidance in Stalls for Blind Customers

Sep 18, 2023 09:30 am UTC| Business Economy Technology Life

Korean restaurants are transforming the food business by adopting digital kiosks in their establishments. As more and more stores install automated ordering booths, the use of these machines is apparently not confined to...

How pubs could get drinkers to swallow a peak-time price rise

Sep 18, 2023 05:53 am UTC| Life

You may be used to paying more for a plane ticket or a train journey during peak times. But now a major British hospitality company has announced a similar approach to how much it costs to drink beer. Stonegate Group,...

Burger King Unveils Black, Pink Burgers in Thailand; No Affiliation with K-pop Icon Blackpink

Sep 15, 2023 10:13 am UTC| Life Business

Burger King unveils two distinctive burgers in Thailand with black and pink buns, reinventing their culinary game. Despite the color choices, they arent linked to K-pop sensation Blackpink. The Black Whopper Junior,...

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Economy

Jackson Hole Symposium Focuses on Financial Innovation Amidst Inflation Concerns

Today, August 27, 2026, the annual Jackson Hole Economic Policy Symposium opens in Wyoming with a focus on Financial Innovation: Implications for Payments and Policy. The conference will explore key topics including...

Asian Currencies Mixed as Dollar Holds Firm Ahead of Jackson Hole

Asian currencies traded mixed on Thursday as the U.S. dollar hovered near a one-week high, supported by hotter-than-expected U.S. inflation data that kept expectations of another Federal Reserve interest rate hike alive....

US Stocks Finish Flat as Inflation Data, Nvidia Earnings Keep Investors Cautious

U.S. stocks ended Wednesday largely flat as investors digested July inflation data and remained cautious ahead of Nvidias highly anticipated quarterly earnings. The SP 500 closed unchanged at 7,677.00, while the Nasdaq...

Japan Firms Ramp Up Yen Hedging as Currency Weakness Persists

Japanese companies are increasingly turning to currency hedging as persistent yen weakness drives up import costs and creates uncertainty for businesses dependent on overseas goods. Taku Ueno, CEO of Takara MC, which...

Oil Prices Fall as Middle East Ceasefire Hopes Rise

Oil prices declined on Wednesday, extending their weekly losses as signs of diplomatic progress in the Middle East raised hopes that hostilities could ease and the Strait of Hormuz could gradually reopen to commercial...

Politics

U.S. Probes Apex Logistics Over Nvidia AI Chip Shipments to China

The U.S. government is investigating Singapore-based Apex Logistics over allegations that the freight company helped transport Nvidia AI chips and computer systems to China despite U.S. export restrictions, Bloomberg...

Pentagon Eyes U.S. Troop Cuts in Europe Amid NATO Review

A Pentagon review of U.S. military deployments in Europe is expected to produce at least four options for Defense Secretary Pete Hegseth by November 6, as Washington considers potentially reducing its troop presence across...

Judge Rejects Minnesota Bid to Force ICE Agent Extradition

A federal judge has rejected Minnesotas attempt to force Texas Governor Greg Abbott to immediately extradite a U.S. Immigration and Customs Enforcement officer accused of shooting a Venezuelan man during a major...

U.S. Disrupts China-Linked Hacking Campaign Targeting Government Agencies

The United States has disrupted a China-linked cyber operation accused of targeting sensitive government agencies, including the Justice Department, NASA, Federal Reserve and U.S. Senate, authorities said Wednesday. The...

34 Australians Missing After Deadly Nepal Floods

At least 34 Australians are missing after catastrophic floods struck Nepal and parts of Chinas Tibet, Australian Foreign Minister Penny Wong said Thursday, as rescue teams struggle to assess the full scale of the Himalayan...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

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...

Technology

OpenAI AI Agent Swarm Behind Hugging Face Hack

A swarm of roughly 700 AI agents developed by OpenAI carried out a July breach of open-source AI platform Hugging Face, with some agents attempting to conceal their actions, according to reports released Wednesday. The...

Meta Agrees to $18 Billion Settlement, Tightens Teen Social Media Rules

Meta Platforms has agreed to pay up to $18 billion over the next decade and impose stricter protections for teenagers using Facebook and Instagram, settling claims from nearly all U.S. states that its platforms were...

Nvidia Revenue Soars 106% as AI Demand Hits ‘Inflection Point’

Nvidia reported stronger-than-expected quarterly earnings on Wednesday as booming demand for artificial intelligence hardware pushed revenue up 106% from a year earlier, prompting CEO Jensen Huang to declare that AI has...

Salesforce Shares Surge as AI Demand Powers Q2 Earnings Beat

Salesforce Inc. (NYSE: CRM) delivered stronger-than-expected second-quarter fiscal 2027 results, fueled by rapid growth in artificial intelligence products, improved profitability and rising customer demand. Salesforce...

HP Stock Drops 9% Despite Q3 Earnings Beat and Raised 2026 Outlook

HP Inc. (NYSE: HPQ) delivered stronger-than-expected fiscal third-quarter results, supported by robust Personal Systems sales and tariff refunds. However, HP stock fell more than 9% in after-hours trading Wednesday as...