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Why Did Tony Tan Caktiong's Brother-in-Law Dump $232M in Jollibee Stocks?

Aug 05, 2024 22:37 pm UTC| Business Life

Antonio Chua Poe Eng, the brother-in-law of billionaire Tony Tan Caktiong, has divested a substantial portion of his holdings in Jollibee Foods Corp. (JFC). Acting through Honeyworth Corporation, Chua offloaded 200,000...

What's Really Inside Burger King’s Impossible Whopper? Unveiling the Plant-Based Secret

Aug 05, 2024 19:59 pm UTC| Life Business

In August 2019, Burger King made headlines by introducing the Impossible Whopper across the United States, catering to the growing demand for plant-based dining options. Marketed with the tagline 100% Whopper, 0% beef,...

McDonald's and Pokémon Join Forces for Epic Happy Meal Collaboration

Aug 05, 2024 19:54 pm UTC| Business Life

McDonalds Japan is collaborating with Pokémon to launch a new Happy Meal, delighting fans of the iconic franchise. This collaboration coincides with the first anniversary of Pokémon Horizons: The Series,...

Turkey's Instagram Ban Sparks High-Stakes Meeting with Social Media Giant, Minister Reveals

Aug 05, 2024 12:59 pm UTC| Technology Business

Turkeys Transport Minister Abdulkadir Uraloglu will meet Instagram executives on Monday to tackle last weeks access ban, focusing on platform compliance and economic repercussions. Turkey Voices Concerns About...

Logitech Co-Founder Sparks Drama: Calls for Immediate Removal of Board Chair Beckerz

Aug 05, 2024 12:44 pm UTC| Technology Business

Logitech co-founder Daniel Borel has ignited controversy by urging shareholders to immediately remove board chair Wendy Becker, highlighting pressing issues within the company. Borel Urges Immediate Action In a...

TikTok Withdraws 'Lite' Rewards in EU to Comply with Digital Services Act

Aug 05, 2024 12:07 pm UTC| Technology Business

TikTok has agreed to pull its Lite rewards program from the European Union, aligning with the Digital Services Act, according to the European Commission. Engagement Features of TikTok Lite Rewards According to a...

Burger King and McDonald's Slash Prices to Capture China’s Booming Fast-Food Market

Aug 05, 2024 11:17 am UTC| Business Life

U.S. fast food giant Burger King will kick off its 9.9-yuan ($1.37) era on Monday, introducing its cheapest-ever burger in China. This aggressive promotional activity aims to seize market share amid rising competition from...

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Economy

UK Economy Posts Surprise June Growth as World Cup and Hot Weather Lift Activity

Britains economy recorded stronger-than-expected growth in June 2026, supported by easing concerns over the Iran war, the mens soccer World Cup and hot weather, according to official figures released Thursday. UK gross...

US Dollar Holds Firm as Fed Outlook and Iran Tensions Keep Markets on Edge

The U.S. dollar remained steady on Thursday as investors assessed the Federal Reserves interest rate outlook following U.S. inflation data that matched expectations. Meanwhile, elevated oil prices and renewed U.S.-Iran...

European Stocks Rise as U.S. Inflation Data Eases Fed Rate Hike Fears

European stocks moved higher on Thursday as investors welcomed an in-line U.S. inflation report that reduced expectations for another Federal Reserve interest rate hike in September. The pan-European Stoxx Europe 600 Index...

Japan Government Backs Earlier BOJ Rate Hike as Inflation Pressures Build

Japans government is reportedly supportive of an earlier interest rate hike by the Bank of Japan (BOJ), with policymakers potentially moving as soon as September or October as inflationary pressures intensify. Bloomberg...

Asian Currencies Steady as Dollar Holds Firm After U.S. Inflation Data

Most Asian currencies traded in a narrow range on Thursday as investors assessed the Federal Reserves interest rate outlook following U.S. inflation data that largely matched market expectations. The U.S. Dollar Index was...

Politics

Iran Eyes New Development Bank Membership as BRICS Pushes Local Currency Trade

Iran is expected to join the New Development Bank (NDB), the multilateral lender established by BRICS nations, as Tehran seeks stronger financial ties with emerging economies and alternative channels outside the U.S....

Nigel Farage Faces Count Binface in Clacton Election Test

Voters in Clacton headed to the polls on Thursday in an unusual local English election that pits Reform UK leader Nigel Farage against more than 30 challengers, including comedian Count Binface. The election comes after...

Putin Visits Japan-Claimed Iturup Island, Drawing Strong Protest From Tokyo

Russian President Vladimir Putin visited Iturup, a disputed island claimed by Japan, on Thursday, prompting a strong protest from Tokyo as tensions remain elevated across Northeast Asia. Iturup, known as Etorofu in Japan,...

Meloni Loses Ground Among Young Italian Voters Ahead of 2027 Election

Italian Prime Minister Giorgia Meloni is losing support among young voters, potentially creating a major challenge for her right-wing coalition ahead of Italys 2027 national election. Polling by Youtrend shows Melonis...

US, Colombia Weigh Joint Strikes on Armed Groups in Expanded Anti-Drug Campaign

U.S. Defense Secretary Pete Hegseth has raised the possibility of joint U.S.-Colombia military strikes against armed groups as Washington expands its counter-narcotics campaign across Latin America. Speaking Wednesday at...

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

Google Pushes Gemini AI Overhaul as Sergey Brin Targets Model Supremacy

Google co-founder Sergey Brin has stepped up efforts to accelerate development of the companys Gemini AI models as Alphabet battles OpenAI and Anthropic for leadership in artificial intelligence. Brin has reportedly urged...

Lenovo Revenue Surges 43% as AI Demand Drives Record First-Quarter Growth

Lenovo Group reported record first-quarter revenue as booming demand for artificial intelligence infrastructure and AI-enabled devices fueled strong growth across its major businesses, pushing its Hong Kong-listed shares...

Cisco Forecasts Strong Fiscal 2027 Growth as AI Networking Demand Surges

Cisco Systems has issued a stronger-than-expected fiscal 2027 outlook, fueled by rising demand for networking equipment and artificial intelligence infrastructure from hyperscale customers. The networking technology giant...

Super Micro Stock Jumps 19% as AI Server Demand Drives Strong 2027 Outlook

Super Micro Computer (NASDAQ: SMCI) shares surged about 19% on Wednesday after the AI server maker issued fiscal 2027 guidance that significantly exceeded Wall Street expectations, easing concerns following its softer...

SpaceX Shares Surge as Wall Street Backs AI Growth Potential

SpaceX shares jumped 11% after Morgan Stanley highlighted the companys growing artificial intelligence business, fueling investor optimism around its expanding enterprise software strategy and upcoming Grok 4.7 AI model....