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7-Eleven operator to close more supermarkets, exit apparel business to focus on convenience store biz

Mar 12, 2023 07:09 am UTC| Economy Business Life

Seven i Holdings Co, which operates the 7-Eleven convenience stores, will close an additional 14 Ito-Yokado supermarket stores in Japan and fully exit from the apparel business to focus on its convenience store business...

Burger King, PepsiCo collaborate to launch Doritos Whopper tortilla chips

Mar 10, 2023 06:48 am UTC| Business Life

Burger King UK and PepsiCo have joined forces to create a new variant of the latters popular Doritos tortilla chips snack. The companies announced the release of Doritos Flame Grilled Whooper this week. The new product...

Starbucks to open 100 new UK stores this year buoyed by robust 2022 sales

Mar 09, 2023 23:59 pm UTC| Economy Business Life

Starbucks is opening 100 new stores while investing millions of pounds in upgrading existing ones across the UK this year due to a big jump in sales in 2022. Starbucks, which launched in the UK in 1998, has over 1,000...

New Balance triggers outrage by dumping new sneakers in rubbish cart

Mar 09, 2023 23:58 pm UTC| Economy Business Life

Disposing of hundreds of unused New Balance trainers in a rubbish cart outside the brands closed shop in the UK has caused outrage for being horrendously wasteful. The discarded sneakers were strewn across the pavement...

Bud Light Seltzer to launch new campaign to clear misconceptions and prove it is beer-free

Mar 09, 2023 07:06 am UTC| Business Life

Bud Light Seltzer is launching a new campaign to resolve some issues related to misconceptions about the product. Most people think that this drink contains beer thus, some people avoid it. In truth, Bud Light Seltzer...

McDonald’s Japan celebrates spring with exclusive Teritama burger-based menu

Mar 08, 2023 23:22 pm UTC| Life Economy Business

McDonalds Japan will celebrate the springs arrival with three variants of a burger called the Teritama, an amalgamation of the words teriyaki and tamago. There are a total of three Teritama burgers on the menu this...

New York’s Black Tap Craft Burgers & Shakes opens first Malaysian store

Mar 08, 2023 23:17 pm UTC| Life Economy Business

New York-based Black Tap Craft Burgers Shakes restaurant has opened its first store in Malaysia, at Sunway City in Kuala Lumpur. Malaysia was a natural next destination for us within the region and the rich food...

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Economy

Dollar Eases as Middle East Conflict, Fed Outlook and Japan Pension Policy Drive FX Markets

The U.S. dollar gave up early gains on Monday as investors weighed escalating conflict in the Middle East against shifting expectations for Federal Reserve policy, while the Japanese yen weakened after a Reuters report...

European Stocks Slip as Middle East Tensions and Hormuz Threat Rattle Markets

European stock markets opened lower on Monday as escalating conflict in the Middle East fueled a broad risk-off sentiment, while Irans announcement that it had closed the Strait of Hormuz heightened fears of global energy...

South Korea’s KOSPI Triggers Trading Curb as AI Chip Stock Selloff Deepens

South Koreas benchmark KOSPI index briefly triggered a trading curb on Monday after tumbling more than 5%, as heavy selling in major technology and semiconductor stocks rattled Asian markets. The sharp decline reflected...

Iraq PM Visits Washington as U.S. Oil, Gas Deals Take Center Stage

Iraqs Prime Minister Ali al-Zaidi is set to visit Washington on Monday as Baghdad and the United States seek to strengthen their strategic partnership through new energy, trade and investment agreements. The visit is...

Asian Currencies Weaken as Stronger Dollar Weighs, Yen Supported by GPIF Repatriation Hopes

Most Asian currencies traded lower on Monday as a stronger U.S. dollar and rising Treasury yields pressured regional foreign exchange markets, while the Japanese yen drew support from renewed speculation that Japans...

Politics

UK Sanctions 24 Russian-Linked Targets Over Cyberattacks and Election Interference

The United Kingdom on Monday imposed sanctions on 24 individuals and entities linked to Russia over alleged cyberattacks, election interference, and the spread of anti-Ukraine disinformation across Europe. The move marks...

EU to Propose New Rules Limiting Children's Access to Social Media

The European Commission is preparing to introduce new rules aimed at limiting childrens access to social media platforms, with a formal proposal expected after the summer break, European Commission President Ursula von der...

HHS Watchdog Reports $5.56 Billion in Healthcare Fraud Recoveries as Enforcement Actions Decline

The U.S. Department of Health and Human Services (HHS) Office of Inspector General (OIG) reported $5.56 billion in expected recoveries and projected savings during the six months from October through March, while excluding...

Western Allies Push for More Air Defenses for Ukraine at Paris Summit

Western leaders are set to seek additional air defense commitments for Ukraine during a high-level meeting in Paris on Monday, as Kyiv faces growing challenges intercepting Russian ballistic missile attacks despite recent...

Zelenskiy Plans Ukraine Government Shake-Up as Prime Minister Svyrydenko Set to Step Down

Ukrainian President Volodymyr Zelenskiy announced plans to replace Prime Minister Yulia Svyrydenko after just one year in office, setting the stage for a broader government reshuffle as Kyiv seeks to implement a new...

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

TSMC Q2 Revenue Surges 36% as AI Chip Demand Powers Growth Ahead of Earnings

Taiwan Semiconductor Manufacturing Co. (TSMC), the worlds largest contract chipmaker, posted strong second-quarter revenue growth as robust demand for artificial intelligence (AI) chips continued to drive business across...

Samsung to Launch First Yongin Chip Plant by 2029 as South Korea Speeds Up Semiconductor Hub

Samsung Electronics is set to begin operations at its first semiconductor fabrication plant in the Yongin chip cluster in 2029, marking a faster-than-expected rollout of one of South Koreas most significant chip...

Morgan Stanley Says China’s Reusable Rocket Progress Poses Long-Term Challenge to SpaceX

Morgan Stanley believes Chinas rapidly advancing reusable rocket program represents the biggest long-term competitive threat to SpaceX, following the countrys first successful recovery of an orbital-class rocket booster....

SK Hynix Shares Drop After Strong Nasdaq Debut Despite $26 Billion ADR Listing

SK Hynix shares fell as much as 4.4% in early trading on Monday, even after the South Korean memory chip giant posted a strong debut on the Nasdaq following one of the largest U.S. listings by an Asian technology company....

Apple Sues OpenAI, Former Employees Over Alleged Trade Secret Theft

Apple has filed a lawsuit against OpenAI and two former Apple employees, accusing them of misappropriating confidential company information and trade secrets tied to its hardware development efforts. The lawsuit, filed...