Uniqlo CEO Says the Company Does Not Use Cotton From Xinjiang.
Uniqlo’s CEO has told the BBC that the company does not use cotton from Xinjiang, China, in its products. This is the first time Tadashi Yanai, the head of Uniqlo’s…
Chinese brands apologize for making smaller sanitary pads.
Chinese women are furious after discovering that many sanitary pads are shorter than what their packaging claims. The controversy started when social media users shared videos measuring pads from popular…
US hacker gets prison time for stealing billions in Bitcoin.
A hacker has been sentenced to five years in prison for helping to launder the money from one of the largest cryptocurrency thefts ever. Ilya Lichtenstein, who admitted to his…
Nigeria’s inflation increased again in October for the second month in a row.
Nigeria’s inflation rate increased for the second month in a row in October, reaching 33.88% compared to 32.70% in September, according to data released by the statistics agency. The rise…
Coach owner Tapestry drops $8.5 billion deal to buy Capri after FTC blocks it.
Tapestry, the company behind Coach, has decided to cancel its $8.5 billion plan to buy Capri, the owner of Michael Kors, Reuters reports. This comes after U.S. regulators blocked the…
Japan’s SMFG raises profit expectations as second-quarter income jumps 27%.
Sumitomo Mitsui Financial Group (SMFG), Japan’s second-largest bank, has increased its profit forecast for the year after seeing a strong 27% rise in second-quarter earnings, Reuters reports. The bank now…
Why Tesla, cryptocurrency, and prisons benefit from Trump’s policies.
Why Tesla, Crypto, Banks, and Prisons Are Winning After Trump’s Election Victory Financial markets have responded positively to Donald Trump’s presidential win, with stocks rising sharply. Although there are debates…
VW teams up with Tesla rival Rivian in a $5.8 billion deal.
Volkswagen Partners with Rivian in $5.8 Billion Deal to Boost Electric Cars Volkswagen (VW) and electric vehicle (EV) startup Rivian have joined forces in a $5.8 billion partnership, increasing VW’s…
Stocks increase as investors wait for U.S. election outcome
Investors worldwide are paying close attention to the U.S. election, as the results could heavily impact the global economy, according to BBC. Stock indexes in Asia were mostly up on…
How India Gains from a Growing BRICS Group
BRICS has grown significantly, expanding its influence globally. Initially, the West doubted its power, but the recent summit in Russia showed just how much the group has advanced. Leaders from…