Category: Business

WeWork, formerly valued at $47 billion, has initiated bankruptcy proceedings due to the accumulation of a substantial $2.9 billion debt. (Photo: Justin Sullivan | Getty Images)
Estimated read time 3 min read
Business U.S.

WeWork Files for Chapter 11 Bankruptcy, a spectacular $47 billion corporate collapse

  • Post Date 11/07/2023

WeWork, the once high-flying office-sharing company, has filed for Chapter 11 bankruptcy protection in New Jersey federal court. This development comes as the company grapples [more…]

Suntory Spirits, a premium Japanese whisky, has announced plans for capacity expansion to cater to the escalating worldwide demand, with expectations of increased output by 2027. (Photo: Suntory)
Estimated read time 4 min read
Business Japan

Suntory Spirits expands to meet soaring Global demand for Japanese whisky

  • Post Date 11/06/2023

In response to the surging international appetite for Japanese whisky, Suntory Spirits, one of the most esteemed premium Japanese whisky suppliers, has embarked on a [more…]

Klarna has initiated a process of legal entity reorganization to establish a new holding company in the United Kingdom, setting the stage for a forthcoming IPO.(Photo: Thiago Prudencio | Getty)
Estimated read time 4 min read
Business Sweden U.K.

Klarna moves to establish a holding company in the UK, setting stage for a potential IPO listing

  • Post Date 11/06/2023

Klarna, the renowned buy now, pay later firm, has recently undertaken a significant strategic step by establishing a holding company in the United Kingdom. This [more…]

Nov. 3, 2023 -Customers of Bank of America, JPMorgan Chase, Truist Financial, and U.S. Bancorp face deposit delays due to The Clearing House technical glitch. (Photo: Atmia)
Estimated read time 3 min read
Business U.S.

Technical glitch disrupts banking services for major US institutions

  • Post Date 11/03/2023

On a seemingly ordinary Friday, customers of several major US financial institutions found themselves facing an unexpected inconvenience as they attempted to deposit funds into [more…]

The Canada Energy Regulator (CER) directed the Trans Mountain oil pipeline expansion project to cease operations in a wetland area near Abbotsford, British Columbia. (Photo: Dennis Owen | Reuters)
Estimated read time 3 min read
Business Canada

Environmental concerns and costs plague Trans Mountain Oil pipeline expansion project

  • Post Date 11/03/2023

The Trans Mountain oil pipeline expansion project, a Canadian government-owned initiative, has once again encountered a roadblock as the Canada Energy Regulator (CER) issued an [more…]

Malaysia is poised to receive a substantial portion of DHL's €350 million five-year investment in its Southeast Asia supply chain business, making it a major focus for the global logistics company. (Photo: EBM)
Estimated read time 4 min read
Business Germany Malaysia

Malaysia’s Silicon Valley of the East attracts massive investment in supply chain infrastructure

  • Post Date 11/02/2023

Malaysia is set to become the epicenter of a significant investment from DHL, as the global logistics giant pours more than a third of its [more…]

Nov. 1, 2023 - Disney is set to take full ownership of Hulu by acquiring Comcast's NBCUniversal's remaining one-third stake in the streaming service. (Photo: Disney)
Estimated read time 3 min read
Business U.S.

Disney’s strategic move to acquire full control of Hulu from Comcast

  • Post Date 11/01/2023

In a groundbreaking announcement today, The Walt Disney Company (NYSE: DIS) revealed its intent to acquire the remaining 33% stake in Hulu, LLC, currently held [more…]