TikTok Faces U.S. Ban as Justice Department Pushes for Divestment
The Justice Department urges a U.S. appeals court to reject TikTok's bid to block a law forcing ByteDance to divest the app by January 19 or face a ban, citing national security co...
Business News
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...
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...
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 ...
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...
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...
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, ...
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...
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