Business News

Business

Malaysia Establishes National AI Office to Lead Regional Development

Malaysia launched a national AI office to shape policies and address regulatory issues, aiming to become a regional AI hub. The office will focus on strategic planning, R&D, and re...

Business

CEA Considers Minimum Transaction Requirement for Property Agents

The Council for Estate Agencies (CEA) in Singapore is considering a new rule that would require property agents to facilitate a minimum number of transactions to maintain their reg...

Business

Zalando's Billion-Dollar Acquisition of About You: A Strategic Move for Expansion

Zalando SE has announced a definitive business combination agreement to acquire About You SE & Co. KG for €1.2 billion, offering €6.5 per share. This deal represents a 12% premium ...

Business

Nissan's Bold Leadership Reshuffle: A Strategic Move for Global Domination

Nissan Motor Co., Ltd. announces a reshuffling of its management team to restructure operations, improve production, and respond more quickly to issues. Stephen Ma is appointed Cha...

Business

Instagram Introduces Trial Reels: A Safe Space for Content Experimentation

Meta Platforms Inc. introduces Instagram's Trial Reels, allowing users to test content with non-followers before deciding to share it with their own followers, with an option to ma...

Business

Supermicro CEO Assures No Delisting Despite Deadline Extension

Supermicro CEO Charles Liang is confident the company will avoid delisting from Nasdaq. The tech company received a deadline extension for submitting overdue financial statements, ...

Business

GameStop's Q3 Financial Performance: A Deep Dive into Net Sales and Earnings

GameStop Corp. reports a 20.2% drop in net sales for Q3 fiscal 2024, totaling $860 million. Despite this, net income improved to $17.4 million, and diluted earnings per share reach...

Business

Kroger-Albertsons Merger Blocked: Impact on Grocery Industry and Consumers

A US court has blocked the $24.6 billion Kroger-Albertsons merger, citing concerns over reduced competition and higher consumer prices. The Federal Trade Commission had also sued t...