Alibaba abandons Cainiao IPO plans, offers $3.75 billion to buy remaining stake
Alibaba Group, in a surprising move, has decided to shelve the initial public offering (IPO) plans for its logistics arm, Cainiao, and instead is offering [more…]
Genesis debuts Neolun and GV60 Magma concepts, pioneering the future of luxury mobility
Genesis, a luxury brand under the Hyundai Motor Group, recently unveiled two striking concept vehicles, showcasing the brand’s innovative approach to design and performance. The [more…]
Korea’s major financial groups lead in specialized services to growing foreign residents
Banks in Korea are stepping up their game to cater to the growing foreign population, recognizing the importance of offering tailored services to this demographic. [more…]
Singapore’s factory output surges in February, defying expectations
Singapore’s factory output displayed resilience in February, defying expectations and expanding by 3.8 per cent year on year. This surpassed analysts’ forecasts, which had predicted [more…]
Controversy arises as Denmark misclassifies Taiwanese residents as Chinese on ID cards
In a bizarre misstep, Denmark has reportedly been changing the nationality of some Taiwanese residents to “Chinese” on their residence ID cards. The issue came [more…]
Visa and Mastercard agree to historic settlement, lowering credit card fees for U.S. merchants
In a surprising move, Visa and Mastercard have settled a two-decade-long legal battle by agreeing to lower credit card fees paid by merchants. The decision, [more…]
McDonald’s to serve up Krispy Kreme delights nationwide by 2026
In a sweet twist, McDonald’s is set to offer Krispy Kreme doughnuts at its restaurants across the United States by the end of 2026. The [more…]
Baltimore’s Francis Scott Key Bridge partially collapses following ship collision
The Francis Scott Key Bridge in Baltimore partially collapsed early Tuesday morning after a container ship collided with it, leading to multiple individuals believed to [more…]
Federal agents raid homes connected to hip-hop mogul Sean Combs
Federal agents conducted raids on Monday at homes in Los Angeles and Miami linked to Sean Combs, the influential hip-hop figure known as Puff Daddy [more…]
Neumann’s ambitious bid adds intrigue to WeWork’s bankruptcy saga
In a surprising turn of events, Adam Neumann, the ousted co-founder of WeWork, has submitted a bold bid exceeding $500 million to acquire the company [more…]