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Business

US Sanctions Target Corruption: Former SriLankan Airlines CEO in the Spotlight

The US State Department has announced sanctions targeting individuals from multiple countries, including the former CEO of SriLankan Airlines, Kapila Chandrasena, over alleged brib...

Business

Bank of Korea Governor: Won's Past Exchange Rates Unlikely to Return

Bank of Korea Governor Rhee Chang-yong says it's challenging for the dollar-won exchange rate to return to past levels, amid market uncertainties and political turbulence affecting...

Business

Nippon Life's $8.2 Billion Acquisition: A Strategic Move in Global Insurance Market

Nippon Life Insurance plans to acquire U.S. life insurer Resolution Life Group Holdings for $8.2 billion, marking the largest acquisition by a Japanese insurer. The deal involves p...

Business

Disney CFO Forecasts Rising Streaming Service Prices

Disney CFO Hugh Johnston predicts an increase in streaming service pricing, highlighting Disney+'s transformation of the company from B2B to DTC. He also discusses ongoing cost-cut...

Business

Oracle's Q2 Revenue Surges to $14.1 Billion: A Closer Look

Oracle Corporation reported a 9% increase in Q2 revenue to $14.1 billion, with GAAP diluted earnings per share jumping 24% to $1.10. The company's net income rose 22% to $3.2 billi...

Business

EU Probes Google and Meta for Alleged Ad Deal Targeting Minors

The European Commission is investigating a secret advertising partnership between Google Inc. and Meta Platforms Inc. that may have violated Google's rules for protecting minors on...

Business

Elon Musk Advocates for Reevaluating Tax Benefits for NGOs: A Bold Proposal

Elon Musk recently suggested reconsidering tax benefits for nonprofit NGOs, responding to criticism of the sector's growth attributed to Reagan-era tax reforms. Musk's proposal to ...

Business

Stellantis and CATL Join Forces for a Massive Battery Plant in Spain

Stellantis NV and CATL announce a joint venture to build a lithium iron phosphate battery plant in Zaragoza, Spain, with an investment of up to €4.1 billion. The facility aims for ...