McDonald's Pulls Out of Sri Lanka: Closes All 12 Stores Following Contract TerminationA lawyer for McDonald’s Sri Lanka announced on the 24th (local time) that McDonald’s has terminated its contract with its regional partner in Sri Lanka and has closed all 12 of its stores in the country. Sanath Wijewardane, a spokesperson for McDonald’s, said, “McDonald’s has decided to terminate its contract with the franchisee due to […]
Federal Reserve Chair Powell Cautious on Long-Term Outlook Despite Interest Rate HikeFederal Reserve officials raised the long-term target interest rate on March 20th (local time). However, Jerome Powell stated that this does not necessarily signal a continuous rate increase. The current target rate is between 5.25% and 5.50%, with a forecasted rate cut of 0.75% this year. The administrators have raised the long-term forecast for the […]
Nvidia CEO Jensen Huang Gives Handwritten Approval to Samsung's HBM3E at GTC 2024Jensen Huang, CEO of Nvidia, visited Samsung Electronics’ booth at ‘GTC 2024’ and left a handwritten approval for their 5th generation high-bandwidth memory ‘HBM3E’ 12-layer product. Previously, Huang had announced through a global media briefing that he had tested Samsung’s HBM and had high expectations. This handwritten approval from CEO Huang is interpreted as an […]
Ruble Holds Steady: All Eyes on Interest Rate DecisionRussian Ruble. (Photo=Yonhap News) The Russian ruble is showing signs of stability. On the 21st (local time), the Russian ruble showed stability, boosted by high oil prices, ahead of the central bank meeting on Friday. The central bank is expected to maintain the interest rate at 16% for the second consecutive meeting. The ruble traded […]
Chevron Settles Record $13 Million Fine Over California Oil SpillsThe energy giant Chevron is to pay a fine in California. Chevron has agreed on the 21st (local time) to pay a fine of over $13 million for dozens of oil spill incidents in California in the past, marking the largest fine ever imposed on the company. David Shabazian, Director of the California Department of […]
Mondelez Resilient in Face of Price Hikes: Sales Stay StrongAmerican confectionery company Mondelez (MDLZ) continues to see steady sales despite price increases. Mondelez has implemented price hikes in key regions such as Europe and Latin America. However, the company is believed to be defending against a decrease in sales volume based on brand loyalty. “The company is proactively responding to offset the cost burden […]
Apple's CEO Tim Cook Hits the Ground in China: Here's WhyTim Cook of Apple has finally made a personal visit due to a slowdown in sales in China. Apple CEO Tim Cook met with suppliers, including Biel Crystal, on the 20th as sales in China decreased, emphasizing China’s importance in the supply chain. Cook revealed on his SNS post that he enjoyed a local breakfast […]
U.S. Ambassador to South Korea, 'MLB Seoul Series is Absolutely Fantastic'Philip Goldberg, the U.S. Ambassador to South Korea, attended the 2024 MLB Seoul Series opener at Seoul Gocheok Sky Dome. According to Yonhap News on the 20th, Ambassador Goldberg praised the MLB Seoul Series as “absolutely fantastic,” stating, “It’s very special for two American West teams with Korean and Japanese players to play their regular […]
BAE Systems Plans $4 Billion Bond Sale for Ball Aerospace AcquisitionBritish defense company BAE Systems is preparing to sell corporate bonds to finance the acquisition of Ball Aerospace. According to an insider, as of the 18th (local time), BAE Systems is recruiting investors to sell corporate bonds that could exceed $4 billion to refinance the bridge loan used to acquire Ball Aerospace. The final size […]
Jensen Huang Tests Samsung's HBM, Expresses High HopesJensen Huang, CEO of the American semiconductor company NVIDIA, tested Samsung’s HBM (High-Bandwidth Memory) and expressed high expectations at a global media roundtable on the 19th (local time). NVIDIA revealed that they had previously been supplied with HBM from SK Hynix and Micron but are now testing Samsung’s HBM. HBM is a high-performance product essential […]
NVIDIA Unveils Next-Generation AI-Enhanced Humanoid Robots [AlphaEconomy=(Chicago) Kim Jisun Correspondent] Nvidia has unveiled a humanoid robot with AI capabilities. Nvidia announced a hardware and software platform for building human-like robots, including generative AI capabilities...
AstraZeneca Bets on New Cancer Treatments By Acquiring Fusion Pharmaceuticals for $2 Billion [AlphaEconomy=(Chicago) Jisun Kim Correspondent] AstraZeneca is acquiring Fusion Pharmaceuticals, a clinical-stage biopharmaceutical company. AstraZeneca said on Nov. 18 (local time) that it is acquiring Fusion Pharmaceuticals for about $20 billion in cash as it bets on next-generation cancer treatments...
Starbucks Announces New Global Leadership TeamStarbucks has appointed new global executives. On the 18th (local time), Starbucks announced a new global leadership structure by appointing Michael Conway as the CEO of North America and Brady Brewer as the CEO of Starbucks International. Conway has been a Starbucks partner since 2013 and currently serves as a group representative of the international […]
Google's Gemini AI Engine May Soon Power Features on Apple's iPhone, Sources SayApple is in talks to integrate Google’s Gemini into the iPhone. Bloomberg reported on Monday, citing a source, that Apple is in discussions to incorporate Google’s Gemini AI engine into the iPhone, according to a report on the 18th. According to the source, the negotiations involve a Gemini license for some new features to be […]
Pfizer to Sell $2.5 Billion Worth of Haleon Shares, Focusing on Pharmaceutical InnovationPfizer has started to dispose of its stake in Haleon, as it previously expressed its desire to focus on pharmaceutical innovation. Pfizer plans to sell about 2 billion pounds ($2.5 billion) of Haleon stock, which is the first step in reducing the 32% stake held by Haleon’s largest shareholder. Pfizer has been stating for a […]
Peter Thiel Executes First Sale of Palantir (PLTR.N) Shares for $175 MillionPeter Thiel, a key figure at the software and analytics firm Palantir Technologies, has sold a portion of his shares in the company. Thiel announced on the 16th (local time) that, for the first time, he had sold a portion of his Palantir Technologies stake, worth about $3.4 billion, which he had held for over […]
Apple Foldable iPhone Launch Date Shifts From Late 2026 to Early 2027The release date for the anticipated foldable iPhone by Apple has been adjusted. On the 18th, a high-ranking official familiar with Apple’s internal affairs told Alpha Economy, “We plan to start selling the foldable iPhone a bit later than expected after making thorough preparations, including securing the supply of foldable displays.” The initial sales date […]
Ørsted Strikes Deal to Sell Stake in Four U.S. Wind Farms for $300 MillionDanish energy company Ørsted is selling its stake in U.S. wind farms. Ørsted announced on Wednesday that it had agreed to sell its stake in four U.S. onshore wind farms with a total capacity of 957 megawatts (MW) to investment group Stonepeak for approximately $300 million. Ørsted said, “Through this transaction, we have been able […]
AT&T Partners with Occidental's 1PointFive for Carbon Credit PurchaseAT&T, the largest telecommunications company in the United States, is set to contract carbon credits with 1PointFive, a carbon capture company of Occidental Petroleum. 1PointFive announced on the 13th that AT&T has agreed to purchase carbon credits as part of its goal to reduce and neutralize carbon emissions from global operations by 2035. 1PointFive is […]
Shell Slashes Trading Team: 20% Workforce Reduction Signals Cost-Cutting StrategyThe world’s second-largest oil company, Royal Dutch Shell of the United Kingdom, is laying off employees. According to an anonymous source on the 13th (local time), Shell plans to cut at least 20% of its trading team employees while restructuring its business units to save costs. The source revealed that Shell had informed hundreds of […]
McDonald's Pulls Out of Sri Lanka: Closes All 12 Stores Following Contract Termination A lawyer for McDonald’s Sri Lanka announced on the 24th (local time) that McDonald’s has terminated its contract with its regional partner in Sri Lanka and has closed all 12 of its stores in the country. Sanath Wijewardane, a spokesperson for McDonald’s, said, “McDonald’s has decided to terminate its contract with the franchisee due to […]
Federal Reserve Chair Powell Cautious on Long-Term Outlook Despite Interest Rate Hike Federal Reserve officials raised the long-term target interest rate on March 20th (local time). However, Jerome Powell stated that this does not necessarily signal a continuous rate increase. The current target rate is between 5.25% and 5.50%, with a forecasted rate cut of 0.75% this year. The administrators have raised the long-term forecast for the […]
Nvidia CEO Jensen Huang Gives Handwritten Approval to Samsung's HBM3E at GTC 2024 Jensen Huang, CEO of Nvidia, visited Samsung Electronics’ booth at ‘GTC 2024’ and left a handwritten approval for their 5th generation high-bandwidth memory ‘HBM3E’ 12-layer product. Previously, Huang had announced through a global media briefing that he had tested Samsung’s HBM and had high expectations. This handwritten approval from CEO Huang is interpreted as an […]
Ruble Holds Steady: All Eyes on Interest Rate Decision Russian Ruble. (Photo=Yonhap News) The Russian ruble is showing signs of stability. On the 21st (local time), the Russian ruble showed stability, boosted by high oil prices, ahead of the central bank meeting on Friday. The central bank is expected to maintain the interest rate at 16% for the second consecutive meeting. The ruble traded […]
Chevron Settles Record $13 Million Fine Over California Oil Spills The energy giant Chevron is to pay a fine in California. Chevron has agreed on the 21st (local time) to pay a fine of over $13 million for dozens of oil spill incidents in California in the past, marking the largest fine ever imposed on the company. David Shabazian, Director of the California Department of […]
Mondelez Resilient in Face of Price Hikes: Sales Stay Strong American confectionery company Mondelez (MDLZ) continues to see steady sales despite price increases. Mondelez has implemented price hikes in key regions such as Europe and Latin America. However, the company is believed to be defending against a decrease in sales volume based on brand loyalty. “The company is proactively responding to offset the cost burden […]
Apple's CEO Tim Cook Hits the Ground in China: Here's Why Tim Cook of Apple has finally made a personal visit due to a slowdown in sales in China. Apple CEO Tim Cook met with suppliers, including Biel Crystal, on the 20th as sales in China decreased, emphasizing China’s importance in the supply chain. Cook revealed on his SNS post that he enjoyed a local breakfast […]
U.S. Ambassador to South Korea, 'MLB Seoul Series is Absolutely Fantastic' Philip Goldberg, the U.S. Ambassador to South Korea, attended the 2024 MLB Seoul Series opener at Seoul Gocheok Sky Dome. According to Yonhap News on the 20th, Ambassador Goldberg praised the MLB Seoul Series as “absolutely fantastic,” stating, “It’s very special for two American West teams with Korean and Japanese players to play their regular […]
BAE Systems Plans $4 Billion Bond Sale for Ball Aerospace Acquisition British defense company BAE Systems is preparing to sell corporate bonds to finance the acquisition of Ball Aerospace. According to an insider, as of the 18th (local time), BAE Systems is recruiting investors to sell corporate bonds that could exceed $4 billion to refinance the bridge loan used to acquire Ball Aerospace. The final size […]
Jensen Huang Tests Samsung's HBM, Expresses High Hopes Jensen Huang, CEO of the American semiconductor company NVIDIA, tested Samsung’s HBM (High-Bandwidth Memory) and expressed high expectations at a global media roundtable on the 19th (local time). NVIDIA revealed that they had previously been supplied with HBM from SK Hynix and Micron but are now testing Samsung’s HBM. HBM is a high-performance product essential […]
NVIDIA Unveils Next-Generation AI-Enhanced Humanoid Robots [AlphaEconomy=(Chicago) Kim Jisun Correspondent] Nvidia has unveiled a humanoid robot with AI capabilities. Nvidia announced a hardware and software platform for building human-like robots, including generative AI capabilities...
AstraZeneca Bets on New Cancer Treatments By Acquiring Fusion Pharmaceuticals for $2 Billion [AlphaEconomy=(Chicago) Jisun Kim Correspondent] AstraZeneca is acquiring Fusion Pharmaceuticals, a clinical-stage biopharmaceutical company. AstraZeneca said on Nov. 18 (local time) that it is acquiring Fusion Pharmaceuticals for about $20 billion in cash as it bets on next-generation cancer treatments...
Starbucks Announces New Global Leadership Team Starbucks has appointed new global executives. On the 18th (local time), Starbucks announced a new global leadership structure by appointing Michael Conway as the CEO of North America and Brady Brewer as the CEO of Starbucks International. Conway has been a Starbucks partner since 2013 and currently serves as a group representative of the international […]
Google's Gemini AI Engine May Soon Power Features on Apple's iPhone, Sources Say Apple is in talks to integrate Google’s Gemini into the iPhone. Bloomberg reported on Monday, citing a source, that Apple is in discussions to incorporate Google’s Gemini AI engine into the iPhone, according to a report on the 18th. According to the source, the negotiations involve a Gemini license for some new features to be […]
Pfizer to Sell $2.5 Billion Worth of Haleon Shares, Focusing on Pharmaceutical Innovation Pfizer has started to dispose of its stake in Haleon, as it previously expressed its desire to focus on pharmaceutical innovation. Pfizer plans to sell about 2 billion pounds ($2.5 billion) of Haleon stock, which is the first step in reducing the 32% stake held by Haleon’s largest shareholder. Pfizer has been stating for a […]
Peter Thiel Executes First Sale of Palantir (PLTR.N) Shares for $175 Million Peter Thiel, a key figure at the software and analytics firm Palantir Technologies, has sold a portion of his shares in the company. Thiel announced on the 16th (local time) that, for the first time, he had sold a portion of his Palantir Technologies stake, worth about $3.4 billion, which he had held for over […]
Apple Foldable iPhone Launch Date Shifts From Late 2026 to Early 2027 The release date for the anticipated foldable iPhone by Apple has been adjusted. On the 18th, a high-ranking official familiar with Apple’s internal affairs told Alpha Economy, “We plan to start selling the foldable iPhone a bit later than expected after making thorough preparations, including securing the supply of foldable displays.” The initial sales date […]
Ørsted Strikes Deal to Sell Stake in Four U.S. Wind Farms for $300 Million Danish energy company Ørsted is selling its stake in U.S. wind farms. Ørsted announced on Wednesday that it had agreed to sell its stake in four U.S. onshore wind farms with a total capacity of 957 megawatts (MW) to investment group Stonepeak for approximately $300 million. Ørsted said, “Through this transaction, we have been able […]
AT&T Partners with Occidental's 1PointFive for Carbon Credit Purchase AT&T, the largest telecommunications company in the United States, is set to contract carbon credits with 1PointFive, a carbon capture company of Occidental Petroleum. 1PointFive announced on the 13th that AT&T has agreed to purchase carbon credits as part of its goal to reduce and neutralize carbon emissions from global operations by 2035. 1PointFive is […]
Shell Slashes Trading Team: 20% Workforce Reduction Signals Cost-Cutting Strategy The world’s second-largest oil company, Royal Dutch Shell of the United Kingdom, is laying off employees. According to an anonymous source on the 13th (local time), Shell plans to cut at least 20% of its trading team employees while restructuring its business units to save costs. The source revealed that Shell had informed hundreds of […]
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