- May 30th, 2025
In a dramatic effort to unlock shareholder value and ward off an aggressive $47 billion takeover bid from Canadian giant Alimentation Couche-Tard Inc., Seven & i Holdings Co., the Japanese retail conglomerate behind the global 7-Eleven chain, is reshaping its...
In a striking turnaround, Greece has sold off the majority of its holdings in the banking sector over the past year. This aggressive program, which has brought in €3.5 billion ($3.8 billion), is part of a broader movement across Europe,...
In a landmark report released on Tuesday, the International Monetary Fund (IMF) warned that the world’s total public debt is set to exceed $100 trillion for the first time in history this year, marking a significant shift in global financial...
The United States government is in the early stages of deliberating a significant shift in its export control policies, particularly focusing on limiting the sale of advanced artificial intelligence (AI) chips from companies like Nvidia to specific countries. According to...
The artificial intelligence (AI) industry, Microsoft has lost one of its top AI experts, Sebastian Bubeck, who has moved to OpenAI. Bubeck, previously serving as Microsoft's Vice President of Generative AI Research, is recognized as one of the leading minds...
The Pacific Islands, long seen as a diverse and dynamic region full of promise, face a troubling economic outlook in 2024. The World Bank's latest report highlights a sharp slowdown in growth, projecting a regional GDP increase of only 3.6%...
Iron ore prices experienced a decline as investors redirected their attention from China’s plans for economic stimulus toward global supply prospects. The shift comes amid a series of quarterly production reports from some of the world’s largest mining companies, including...
Asian stock markets largely trended higher on Tuesday, fueled by investor optimism stemming from a strong Wall Street rally and expectations for better-than-anticipated corporate earnings. Meanwhile, the U.S. dollar hovered near a two-month high, bolstered by growing speculation that the...
China’s cybersecurity agency once again refuted claims from the United States and Microsoft Corporation that Chinese state-sponsored hackers were behind a major cyberattack targeting critical American computer networks. Known as Volt Typhoon, the cyberattack has been a point of contention...
Chinese stocks exhibited a roller-coaster ride during early trading on Tuesday as growing uncertainty loomed over the durability of the current stimulus-fueled rally. The CSI 300 Index, which tracks the largest firms on the Shanghai and Shenzhen exchanges, fell by...
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