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Walmart teams up with Salesforce to offer local fulfillment and delivery solutions to retailers

Jan 16, 2023 09:59 am UTC| Business Economy

Walmart and its GoLocal delivery subsidiary have teamed up with Salesforce software company to provide retailers easy access to delivery solutions and technologies for their fulfillment hubs. The companies announced their...

KFC Korea to be acquired by Orchestra PE for ₩60B

Jan 16, 2023 09:57 am UTC| Business Economy

KFC Korea is set to be acquired by Orchestra Private Equity for KRW60 billion or about $56 million. It was reported that Yum! Brands Inc. and the Korean PE firm have joined forces to buy the fried chicken chain. With...

Naver completes acquisition of Spain’s Wallapop with another $81M investment

Jan 16, 2023 09:26 am UTC| Business Economy

Naver Corp. has become the largest shareholder in Wallapop, the leading second-hand marketplace in Spain, after completing its buyout deal with a new investment of $80.7 million or about 75 million. According to Pulse...

Kakao Entertainment wins $963M investment from Saudi Arabia

Jan 16, 2023 09:23 am UTC| Business Economy

Kakao Entertainment gains new investment fund as Saudi Arabia is betting big on the Hallyu Wave. It has earned KRW1.2 trillion or about $963 million in state funds as the kingdom decided to double down on its venture into...

Subway contemplates sandwich chain sale

Jan 16, 2023 09:22 am UTC| Business Economy

Subway sandwich chain is reportedly looking to sell its business. It was reported that the company could be worth $10 billion, and since it is a known brand in many parts of the world, business experts believe it could...

Coca-Cola Korea announces the appointment of new CEO

Jan 16, 2023 06:32 am UTC| Business Economy

Coca-Cola Korea Company said on Thursday, Jan. 12, that it has appointed its new chief executive officer. The beverage company named Jung Ki Sung as its CEO. As per The Korea Herald, Jung was promoted to lead Coca-Cola...

PepsiCo's Starry to take on Coca-Cola's Sprite

Jan 15, 2023 23:23 pm UTC| Economy Business Life

PepsiCo has replaced Sierra Mist with the new lemon-lime flavored Starry, which it described as a crisp, clear, refreshing new caffeine-free soda made for a generation of irreverent optimists. According to Greg Lyons,...

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Economy

Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply

Canada has awarded C$7 million (approximately $4.93 million) in non-repayable funding to support the development of a major molybdenum mining project in Greenland, reinforcing Western efforts to secure critical mineral...

Asian Currencies Stay Range-Bound as Investors Eye China Data, RBNZ Outlook and U.S.-Iran Ceasefire

Asian currencies traded in tight ranges on Monday as investors balanced easing geopolitical tensions in the Middle East with a busy week of key economic releases across Asia. While the tentative ceasefire between the...

Japan Targets 1%+ Real Economic Growth With ¥370 Trillion Investment Plan

Japans government is preparing an ambitious long-term economic strategy aimed at achieving sustained annual real economic growth of more than 1%, according to a draft of its latest economic and fiscal policy framework. The...

China Factory PMI Seen Returning to Growth in June as AI Export Demand Supports Economy

Chinas manufacturing sector is expected to return to modest growth in June, supported by resilient exports tied to the booming global artificial intelligence (AI) industry. However, economists caution that the recovery...

US Stock Futures Rise as US-Iran Ceasefire Hopes Boost Market Sentiment

U.S. stock index futures moved higher late Sunday as investors reacted positively to reports that the United States and Iran had agreed to suspend recent military hostilities and resume diplomatic negotiations, easing...

Politics

Australia, Vanuatu Sign Security Pact Amid Pacific Influence Competition

Australia and Vanuatu have officially signed a long-awaited development and security agreement, reinforcing their strategic partnership while highlighting the growing geopolitical competition for influence in the Pacific...

Serbia Protests Continue as Thousands Rally Despite Vucic’s Resignation Plan

Thousands of demonstrators gathered in the central Serbian city of Kraljevo on Sunday, maintaining pressure on President Aleksandar Vucic just one day after he announced plans to resign within weeks and trigger early...

Iran Skips U.S. Technical Talks Over Unmet MoU Conditions and Frozen Funds Dispute

Iran did not participate in the technical talks scheduled for Sunday, citing recent military attacks on the country and unresolved conditions outlined in its memorandum of understanding (MoU) with the United States. The...

Trump Announces September Overhaul of Washington’s East Potomac Golf Links

U.S. President Donald Trump announced that a major renovation of Washingtons historic East Potomac Golf Links will begin on September 1, with plans to transform the century-old public golf course into what he described as...

Andy Burnham Sets Out Vision to Decentralize Britain as Labour Leadership Race Begins

Andy Burnham is set to outline his vision for the United Kingdom on Monday as the Labour politician positions himself to succeed Keir Starmer as the countrys next prime minister. Burnham is expected to focus on shifting...

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

Baige Online Shares Soar 333% in Hong Kong IPO Debut as AI Insurance Demand Lifts Chinese Listings

Chinese insurtech firm Baige Online Digital Technology Co. (HK:2672) delivered an impressive debut on the Hong Kong Stock Exchange on Monday, with its shares surging as much as 333% in early trading. The strong performance...

Baidu Shares Rally as Kunlunxin Eyes $50 Billion Hong Kong IPO

Baidu Inc. (HK:9888) shares climbed sharply on Monday after reports indicated that its artificial intelligence chip subsidiary, Kunlunxin, is aiming for a valuation of approximately $50 billion through a planned initial...

Open-Source AI Models Gain Ground as Enterprises Seek Lower-Cost Alternatives, Citi Says

Open-source artificial intelligence (AI) models are rapidly gaining traction as businesses search for cost-effective alternatives to proprietary AI systems, according to a new research note from Citi. The shift comes as...

Samsung, SK Hynix to Unveil $1.3 Trillion AI and Semiconductor Investment Plan

South Korean technology leaders Samsung Electronics and SK Hynix are reportedly preparing to announce investment plans worth a combined 2,000 trillion won (approximately $1.3 trillion) to strengthen the countrys...

UBS Raises TSMC Price Target to T$3,400 on Strong AI Chip Demand Outlook

Taiwan Semiconductor Manufacturing Company (TSMC) received a fresh vote of confidence from UBS after the investment bank raised its price target for the worlds largest contract chipmaker, citing robust artificial...