Wholesale inflation in August increased by 0.7%, surpassing expectations
In August, the producer price index surged by a seasonally adjusted 0.7%, surpassing the anticipated 0.4% increase and marking the most significant monthly rise since [more…]
The U.S. is imposing sanctions on five Turkey-based firms as part of a broader action against over 100 targets accused of supporting Russia
On Thursday, a senior Treasury official said, the Biden administration plans to enact sanctions against five Turkish companies and an individual of Turkish nationality, alleging [more…]
Taiwan’s defence ministry alerts 68 Chinese military aircraft in its Air Defense Zone, and 10 Navy vessels
Taiwan reports 68 Chinese military aircraft and 10 navy vessels near the self-ruled island in a possible continuation of Shandong aircraft carrier-led training exercises. On [more…]
The BOJ faces a fresh challenge as Japan’s machinery orders remain lackluster, accompanied by another round of soft economic data
In July, Japan’s core machinery orders declined beyond initial expectations, reflecting the hesitation of manufacturers in the world’s third-largest economy to make new investments due [more…]
Howard Schultz, former Starbucks CEO, steps down from company’s board of directors
On Wednesday, Starbucks disclosed that Howard Schultz, its former long-serving CEO, will be stepping down from his board member position, yet he will continue to [more…]
MGM Resorts faces major disruption as cyberattack strikes multiple locations
A cyberattack has successfully penetrated the computer system of MGM Resorts, compelling the company to halt operations at approximately a dozen renowned casino hotels in [more…]
Flooding in Libya has caused the deaths of over 2,000 people, with another 10,000 feared missing
On Tuesday, Libya faced the grim prospect of approximately 10,000 individuals missing due to floods triggered by a massive storm, which led to dam breaches, [more…]
TKO Group emerges as WWE and UFC officially merge, commences market listing, and targets sports demand in debut
The merger between UFC and WWE is finalized as Endeavor and WWE confirm the establishment of TKO Group Holdings, bringing together the wrestling entertainment giant [more…]
Jelly giant Smucker has reached an agreement to acquire Hostess Brands, the maker of Twinkies, for $5.6 billion.
JM Smucker, the 126-year-old company known for products like fruit spreads, Jif peanut butter, and Folgers coffee, has announced its acquisition of Hostess Brands, the [more…]
Alibaba’s stock drops by over 3% as the former CEO’s unexpected departure from the cloud business impacts the company’s shares.
Chinese tech giant Alibaba witnessed a 3.5% decline in its shares on Monday after it made a surprising announcement that outgoing CEO Daniel Zhang would [more…]