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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

Morgan Stanley Sees Fed Holding Rates as U.S. Inflation Cools

U.S. inflation showed further signs of easing in July, strengthening expectations that the Federal Reserve could keep interest rates unchanged through the end of the year. Morgan Stanley believes the latest inflation data...

Oil Prices Steady as Strait of Hormuz Traffic Slows Amid US-Iran Conflict

Oil prices were little changed in early Monday trading as shipping activity through the Strait of Hormuz slowed sharply over the weekend, while the ongoing conflict between the United States and Iran showed no signs of...

Yen Edges Higher as Weak US Data Dampens Fed Rate Hike Expectations

The Japanese yen strengthened modestly against the U.S. dollar on Monday, as traders largely overlooked weaker-than-expected Japan GDP data while reassessing the outlook for Federal Reserve interest rates. The yen gained...

Japan Economy Grows 1.1% in Q2 as Consumer Spending Stalls

Japans economy expanded for a third consecutive quarter in April-June, but growth came in weaker than expected as sluggish consumer spending and declining business investment weighed on domestic demand. Gross domestic...

Barclays Warns U.S. Stock Rally May Be Detached From Fundamentals

U.S. equities have delivered strong gains in 2026, but Barclays analysts warn that the stock market rally may be increasingly disconnected from underlying fundamentals as investors continue chasing higher prices. The SP...

Politics

Lula Targets Brazil’s Gig Workers as Reelection Battle Takes Shape

Brazilian President Luiz Inácio Lula da Silva launched his final reelection campaign on Sunday in Sao Bernardo do Campo, returning to the stadium where his rise as a labor leader began nearly five decades ago....

Trump Envoys Hold Gaza Peace Talks in Cairo as Israeli Strikes Continue

U.S. President Donald Trumps envoys held talks with Egyptian, Qatari and Turkish mediators in Cairo on Sunday as diplomatic efforts intensified to advance Washingtons Gaza peace plan while Israeli airstrikes continued...

Migrants in Spain’s Ceuta Protest for Asylum, Refuse Return to Morocco

Hundreds of migrants in Spains North African enclave of Ceuta gathered on a popular urban beach on Sunday, calling on Spanish authorities to grant them asylum rather than return them to Morocco. The protesters are among an...

US Weighs New Sanctions Against Brazil Supreme Court Justice Alexandre de Moraes

The U.S. government has discussed imposing new sanctions on Brazilian Supreme Court Justice Alexandre de Moraes, according to a Financial Times report published Sunday, adding another potential source of tension between...

Trump Orders Reduction in U.S.-South Korea Military Drills, Citing Kim Jong Un Ties

U.S. President Donald Trump on Sunday ordered the Pentagon to significantly reduce joint military exercises with South Korea, pointing to the financial cost of the drills and his relationship with North Korean leader Kim...

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

Nvidia’s $500 Billion AI Infrastructure Push Wins Morgan Stanley Support

Nvidia is doubling down on the artificial intelligence infrastructure boom with a plan to help mobilize as much as $500 billion in third-party capital, drawing participation from major financial firms including Apollo,...

Alphabet Shifts AI Strategy Toward Commercial Growth, Goldman Sachs Says

Alphabet is increasingly shifting its artificial intelligence strategy toward commercialization, scale and long-term revenue growth, according to Goldman Sachs analysts. The investment bank said recent management changes,...

Nvidia Eyes $3 Billion Investment in SoftBank-Backed AI Data Center

Nvidia is reportedly in discussions to invest up to $3 billion in SB Energy, a SoftBank Group-backed company developing a major AI data center campus in Ohio for OpenAI. According to a report by The Information, the...

U.S. Pressures Nations to Choose Sides in AI Race

The United States is preparing to pressure dozens of countries to choose between joining a U.S.-led artificial intelligence alliance or supporting Chinas competing AI framework, according to a U.S. official and an internal...

Alphabet’s SpaceX Investment Soars 100-Fold to $94 Billion

Alphabets early investment in SpaceX has delivered extraordinary returns, with the Google parents stake valued at roughly $94.2 billion at the end of June. The company originally invested $900 million in Elon Musks rocket...