Disney is investing $1.5 billion in Epic Games, its biggest venture yet in the gaming industry. Disney announced on Wednesday that it will invest $1. 5 billion in Epic Games, marking its largest venture into the gaming industry to date.
Industry
Joe Biden Calls on Snack Companies to 'Put a Stop' to Shrinkflation Ahead of Super Bowl
President Joe Biden has voiced his concern over "shrinkflation," a business practice that involves cutting product sizes while keeping prices the same.
Biden Administration Unveils $11 Billion Semiconductor R&D Initiative to Create More Jobs for Americans
The Biden administration has announced an $11 billion investment in semiconductor-related research and development and a $5 billion fund to launch the National Semiconductor Technology Center.
US Imposes Sanctions on 4 Entities for Carrying Russian Oil Priced Above the Western Price Cap
The US Treasury Department has imposed sanctions on three UAE-based entities and a Liberian tanker for violating the price cap on Russian oil.
Unilever Unveils New $1.6 Billion Share Buyback Plan After Sales Volumes Rise
Unilever has unveiled a 1.5 billion euro ($1.6 billion) share buyback program for 2024 following an increase in sales volumes for the first time in 10 quarters.
Latest News
The Iranian-backed Houthi rebels fired missiles at two commercial vessels in the Red Sea on Tuesday, the first attacks since the US and UK launched strikes against dozens of Houthi targets in Yemen over the weekend.
Taiwan Semiconductor Manufacturing Co. (TSMC) has announced its plan to establish a second manufacturing plant in Japan, with support from tech giant Sony and carmaker Toyota.
Walt Disney's ESPN, Fox, and Warner Bros. Discovery have announced plans to collaborate on a new sports streaming service.
Oklahoma will bear witness to a new wind farm that will supply around 40,000 households with clean energy.
McDonald's has rolled out its "Best Burgers" in all locations across the US. McDonald's has rolled out the upgraded version of its famous burgers in all locations across the United States (US), aiming to enhance customers' overall eating experience through what it calls the "Best Burger" initiative.
Electricity consumers in the Philippines may face another increase this February, according to Meralco.
This week has been so brutal for China's stock market. This week has been so brutal for China's stock market. The stocks plummeted in the last hours of trading on Friday, sending investors into a state of fear as the Chinese stocks closed at a level not seen in years.
Meta CEO Mark Zuckerberg is set to receive an annual payout of approximately $700 million from the tech giant's new dividend.
A division of French ad firm Publicis Groupe SA and drugmaker Hikma Pharmaceuticals have reached separate settlements totaling $500 million to resolve allegations that they helped fuel the deadly opioid epidemic in the US.
