Fashion Brand, Express, Files for Bankruptcy and Reveals Plans for SaleExpress, a US-based apparel retailer, has commenced bankruptcy proceedings to facilitate its self-sale. In accordance with a statement released on the 22nd (local time), Express has received a proposal from brand manager WHP Global, in conjunction with mall operators Simon Property Group and Brookfield Property, to acquire the majority of the company’s operations and stores […]
A 'Kneaded' Revolution: Paris Baguette's Rapid Expansion in North AmericaTo secure 150 new franchise contracts with 100 new locations this year, targeting Puerto Rico and Mexico after the United States and Canada. Paris Baguette has been thriving since the start of this year after securing nearly 30 new franchise agreements in North America in the first quarter. This brings the company closer to its […]
Saudi Aramco's Top Boss Backs China in Energy Dumping ControversyThe world’s largest oil producer has stepped up to defend China against Western criticism that it dumps solar panels and electric vehicles at rock-bottom prices. According to the Financial Times (FT), Amin Nasser, CEO of Aramco, said at the World Energy Congress (WEC) held in Rotterdam, Netherlands, on the 22nd (local time), “China has greatly […]
North America Embraces Korean Rice: CJ's Bibigo Sticky Rice Sales SoarLast Year’s Cooked Sticky White Rice Sales Up 20.6% to 160 billion CJ CheilJedang’s Cooked Sticky White Rice is gaining significant popularity in North America. CJ CheilJedang announced on the 23rd that the sales of Cooked Sticky White Rice exported to North America last year increased by 20.6% compared to the same period of the […]
Healthcare Giant J&J Outperforms Market Predictions in Q1Johnson & Johnson’s (J&J) first-quarter net profit exceeded market consensus. J&J’s first-quarter revenue was $21.38 billion, a 2.3% increase from the previous year, slightly lower than market expectations. However, earnings per share rose 12% to $2.71, surpassing market forecasts. The pharmaceutical business, including the anticancer drugs Darzalex and Erleada, led revenue growth, while the medical […]
Tesla Slashes Prices on All Models in China Following U.S. ReductionsElectric car company Tesla lowered the sales prices of its three flagship models by $2,000 each in the U.S. market and then dropped the sales prices of all models in China. According to Tesla’s official Chinese website on the 21st, the Model 3 price was reduced from $39,000 to $36,800, a decrease of $2,200. The […]
PepsiCo Faces Allegations of Unfair Labor Practices from Teamsters UnionsTeamsters unions in three U.S. states have filed a complaint against PepsiCo. On the 19th (local time), the Teamsters union reported to the National Labor Relations Board that they had accused PepsiCo of unfair labor practices. According to the union, local workers from five Teamsters in Illinois, Indiana, and Iowa accused PepsiCo of unfair labor […]
SK On Doubles Down on Parental LeaveOn the 22nd, SK On announced that it will implement a parental leave system that extends the parental leave period up to two years. According to the Act on Equal Employment and Support for Work-Family Reconciliation, employees with children under eight can choose one year of parental leave followed by one year of reduced working […]
LG's AI Air Conditioners Change the GameLG Electronics announced on the 19th that they are leading the market as sales of air conditioners equipped with Affectionate Intelligence technology have significantly increased. LG Electronics explained that the domestic sales volume of the 2024 Whisen air conditioner model equipped with artificial intelligence (AI) features increased by about 30% in the first quarter compared […]
Apple's Big Move: $250 Million Investment in SingaporeTim Cook, currently touring Southeast Asia, also plans to invest in Singapore. According to an Apple statement on the 18th (local time), the company plans to invest more than $250 million to expand its local campus and operations in Ang Mo Kio, Singapore. Tim Cook, CEO of Apple, said, “Singapore is truly a unique place, […]
Major U.S. Bank Morgan Stanley Axes Dozens of Jobs in AsiaMorgan Stanley is laying off dozens of bankers in the Asia region. According to sources on the 17th (local time), Morgan Stanley is laying off at least 50 people in the Asia-Pacific region due to a slump in trading. This layoff represents about 13% of the 400 Wall Street bank employees working in the Asia […]
Meta Takes on Google with the Launch of Llama 3 AI ModelMeta Platforms, Inc. has unveiled a new version of its powerful Llama AI model to keep pace with similar technologies from companies like Alphabet Inc.’s Google. Meta revealed the upgraded model Llama 3 on the 18th (local time), an improvement on the AI model launched last summer. Meta operates its own in-app AI assistant, Meta […]
Intel's Bold Claim: We Can Beat TSMC in the Foundry GameIntel CEO Pat Gelsinger has emphasized that Intel is confident in its foundry business competitiveness and is capable of surpassing Samsung Electronics to become the world’s number-one company, overtaking Taiwan’s TSMC. According to the global news platform Semafor on the 18th, Gelsinger said, “TSMC has done an extraordinary job as a foundry, but Intel also […]
Kim Jong Un's Push for Economic Self-Sufficiency: What You Need to KnowNorth Korea’s Chief Secretary Kim Jong Un attended a groundbreaking ceremony for a local industrial factory in Sungcheon County. (Photo=Rodong Sinmun-News1) North Korea is currently developing local industrial factories in 20 cities and counties. According to North Korean media, these factories, including essential food, daily necessities, and clothing, are being constructed to align with each […]
Biden Takes Aim at China's Steel Industry: Proposes 25% Tariff for Unfair SubsidiesPresident Joe Biden sharply criticized the substantial subsidies received by Chinese steel companies as “cheating” on the 17th (local time). President Biden made these remarks during a speech in front of workers from the United Steelworkers (USW) union in Pittsburgh, Pennsylvania, a critical battleground state in the presidential election. At this event, he said, “China’s […]
China Slashes U.S. Treasury Holdings: Set to Fall Behind UKAs China cuts its holdings of U.S. Treasuries, it is expected to drop to the third-largest holder of U.S. Treasuries after the United Kingdom. According to United News on the 18th, the U.S. Treasury Department reported on the 17th (local time) that as of the end of last February, the Chinese government’s holdings of U.S. […]
North Korea's Education Reforms Under Kim Jong Un, Over 1500 Schools BuiltThe Pyongyang Teachers University is implementing comprehensive robotic teaching methods for elementary school students. [Photo – Chosun Shinbo] The Zainichi newspaper Chosun Shinbo reported on the 17th that in the Kim Jong Un era, the party and the state have taken numerous significant measures to improve education. Firstly, the newspaper reminded readers of Chairman Kim […]
SK Group Chairman Delivers on Investment Promise to President BidenChairman Chey Tae Won of SK Group emphasized that he kept his investment promise with U.S. President Joe Biden by establishing SK Hynix’s advanced packaging facilities. On the 17th, Chey posted on his LinkedIn, “SK Hynix announced on the 3rd that it will build an advanced packaging (post-processing) facility for HBM (High Bandwidth Memory) DRAM, […]
Tesla's Shocking Move: 10% of Employees FiredElectrek, a technical publication, reported on the 15th (local time) that Tesla is laying off more than 10% of its employees, citing an internal memo. According to insiders, Tesla has instructed managers to identify key team members while suspending some stock compensation and canceling some employees’ annual evaluations. It has also reduced production at the […]
Elon Musk's xAI Seeks $4 Billion to Rival OpenAI, Values Company at $18 BillionDistributes investment documents, competing with OpenAIValues xAI at $18 billion According to a Bloomberg report on the 12th (local time), Tesla CEO Elon Musk is seeking to raise $4 billion for his AI startup, xAI, to compete with OpenAI, the developer of ChatGPT. According to the report, citing documents Musk sent to investors, xAI plans […]
Fashion Brand, Express, Files for Bankruptcy and Reveals Plans for Sale Express, a US-based apparel retailer, has commenced bankruptcy proceedings to facilitate its self-sale. In accordance with a statement released on the 22nd (local time), Express has received a proposal from brand manager WHP Global, in conjunction with mall operators Simon Property Group and Brookfield Property, to acquire the majority of the company’s operations and stores […]
A 'Kneaded' Revolution: Paris Baguette's Rapid Expansion in North America To secure 150 new franchise contracts with 100 new locations this year, targeting Puerto Rico and Mexico after the United States and Canada. Paris Baguette has been thriving since the start of this year after securing nearly 30 new franchise agreements in North America in the first quarter. This brings the company closer to its […]
Saudi Aramco's Top Boss Backs China in Energy Dumping Controversy The world’s largest oil producer has stepped up to defend China against Western criticism that it dumps solar panels and electric vehicles at rock-bottom prices. According to the Financial Times (FT), Amin Nasser, CEO of Aramco, said at the World Energy Congress (WEC) held in Rotterdam, Netherlands, on the 22nd (local time), “China has greatly […]
North America Embraces Korean Rice: CJ's Bibigo Sticky Rice Sales Soar Last Year’s Cooked Sticky White Rice Sales Up 20.6% to 160 billion CJ CheilJedang’s Cooked Sticky White Rice is gaining significant popularity in North America. CJ CheilJedang announced on the 23rd that the sales of Cooked Sticky White Rice exported to North America last year increased by 20.6% compared to the same period of the […]
Healthcare Giant J&J Outperforms Market Predictions in Q1 Johnson & Johnson’s (J&J) first-quarter net profit exceeded market consensus. J&J’s first-quarter revenue was $21.38 billion, a 2.3% increase from the previous year, slightly lower than market expectations. However, earnings per share rose 12% to $2.71, surpassing market forecasts. The pharmaceutical business, including the anticancer drugs Darzalex and Erleada, led revenue growth, while the medical […]
Tesla Slashes Prices on All Models in China Following U.S. Reductions Electric car company Tesla lowered the sales prices of its three flagship models by $2,000 each in the U.S. market and then dropped the sales prices of all models in China. According to Tesla’s official Chinese website on the 21st, the Model 3 price was reduced from $39,000 to $36,800, a decrease of $2,200. The […]
PepsiCo Faces Allegations of Unfair Labor Practices from Teamsters Unions Teamsters unions in three U.S. states have filed a complaint against PepsiCo. On the 19th (local time), the Teamsters union reported to the National Labor Relations Board that they had accused PepsiCo of unfair labor practices. According to the union, local workers from five Teamsters in Illinois, Indiana, and Iowa accused PepsiCo of unfair labor […]
SK On Doubles Down on Parental Leave On the 22nd, SK On announced that it will implement a parental leave system that extends the parental leave period up to two years. According to the Act on Equal Employment and Support for Work-Family Reconciliation, employees with children under eight can choose one year of parental leave followed by one year of reduced working […]
LG's AI Air Conditioners Change the Game LG Electronics announced on the 19th that they are leading the market as sales of air conditioners equipped with Affectionate Intelligence technology have significantly increased. LG Electronics explained that the domestic sales volume of the 2024 Whisen air conditioner model equipped with artificial intelligence (AI) features increased by about 30% in the first quarter compared […]
Apple's Big Move: $250 Million Investment in Singapore Tim Cook, currently touring Southeast Asia, also plans to invest in Singapore. According to an Apple statement on the 18th (local time), the company plans to invest more than $250 million to expand its local campus and operations in Ang Mo Kio, Singapore. Tim Cook, CEO of Apple, said, “Singapore is truly a unique place, […]
Major U.S. Bank Morgan Stanley Axes Dozens of Jobs in Asia Morgan Stanley is laying off dozens of bankers in the Asia region. According to sources on the 17th (local time), Morgan Stanley is laying off at least 50 people in the Asia-Pacific region due to a slump in trading. This layoff represents about 13% of the 400 Wall Street bank employees working in the Asia […]
Meta Takes on Google with the Launch of Llama 3 AI Model Meta Platforms, Inc. has unveiled a new version of its powerful Llama AI model to keep pace with similar technologies from companies like Alphabet Inc.’s Google. Meta revealed the upgraded model Llama 3 on the 18th (local time), an improvement on the AI model launched last summer. Meta operates its own in-app AI assistant, Meta […]
Intel's Bold Claim: We Can Beat TSMC in the Foundry Game Intel CEO Pat Gelsinger has emphasized that Intel is confident in its foundry business competitiveness and is capable of surpassing Samsung Electronics to become the world’s number-one company, overtaking Taiwan’s TSMC. According to the global news platform Semafor on the 18th, Gelsinger said, “TSMC has done an extraordinary job as a foundry, but Intel also […]
Kim Jong Un's Push for Economic Self-Sufficiency: What You Need to Know North Korea’s Chief Secretary Kim Jong Un attended a groundbreaking ceremony for a local industrial factory in Sungcheon County. (Photo=Rodong Sinmun-News1) North Korea is currently developing local industrial factories in 20 cities and counties. According to North Korean media, these factories, including essential food, daily necessities, and clothing, are being constructed to align with each […]
Biden Takes Aim at China's Steel Industry: Proposes 25% Tariff for Unfair Subsidies President Joe Biden sharply criticized the substantial subsidies received by Chinese steel companies as “cheating” on the 17th (local time). President Biden made these remarks during a speech in front of workers from the United Steelworkers (USW) union in Pittsburgh, Pennsylvania, a critical battleground state in the presidential election. At this event, he said, “China’s […]
China Slashes U.S. Treasury Holdings: Set to Fall Behind UK As China cuts its holdings of U.S. Treasuries, it is expected to drop to the third-largest holder of U.S. Treasuries after the United Kingdom. According to United News on the 18th, the U.S. Treasury Department reported on the 17th (local time) that as of the end of last February, the Chinese government’s holdings of U.S. […]
North Korea's Education Reforms Under Kim Jong Un, Over 1500 Schools Built The Pyongyang Teachers University is implementing comprehensive robotic teaching methods for elementary school students. [Photo – Chosun Shinbo] The Zainichi newspaper Chosun Shinbo reported on the 17th that in the Kim Jong Un era, the party and the state have taken numerous significant measures to improve education. Firstly, the newspaper reminded readers of Chairman Kim […]
SK Group Chairman Delivers on Investment Promise to President Biden Chairman Chey Tae Won of SK Group emphasized that he kept his investment promise with U.S. President Joe Biden by establishing SK Hynix’s advanced packaging facilities. On the 17th, Chey posted on his LinkedIn, “SK Hynix announced on the 3rd that it will build an advanced packaging (post-processing) facility for HBM (High Bandwidth Memory) DRAM, […]
Tesla's Shocking Move: 10% of Employees Fired Electrek, a technical publication, reported on the 15th (local time) that Tesla is laying off more than 10% of its employees, citing an internal memo. According to insiders, Tesla has instructed managers to identify key team members while suspending some stock compensation and canceling some employees’ annual evaluations. It has also reduced production at the […]
Elon Musk's xAI Seeks $4 Billion to Rival OpenAI, Values Company at $18 Billion Distributes investment documents, competing with OpenAIValues xAI at $18 billion According to a Bloomberg report on the 12th (local time), Tesla CEO Elon Musk is seeking to raise $4 billion for his AI startup, xAI, to compete with OpenAI, the developer of ChatGPT. According to the report, citing documents Musk sent to investors, xAI plans […]
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