South Korea Announces $313 Billion Funding for Projects to Fight Climate Change

South Korea has committed to providing 420 trillion won ($313.4 billion) in policy loans to finance projects that will help the country meet its climate goals.


Unilever to Layoff 7,500 Employees and Split off Ice Cream Division to Slash Costs, Boost Profits

Unilever revealed Tuesday its plan to cut 7,500 jobs and split up its ice cream unit, which handles popular brands such as Magnum and Ben & Jerry's, to reduce costs and boost profits.

Cisco Completes $28 Billion Acquisition of Splunk Without Being Blocked by Antitrust Regulators

Networking giant Cisco has announced the $28 billion acquisition of digital infrastructure firm Splunk.

China's Property Giant Evergrande and Its Founder Hui Ka Yan Accused of $78 Billion Fraud

China's real estate giant Evergrande and its founder, Hui Ka Yan, are accused of inflating revenues by $78 billion over two years before the company defaulted on its debt.


Latest News

Former President Donald Trump lost a bid to block testimony from Michael Cohen and Stormy Daniels in his upcoming hush money trial.
A researcher employed by ByteDance, the Chinese parent company of TikTok, was mistakenly added to a group chat for American AI safety experts.
Nvidia has partnered with Johnson & Johnson to develop new AI applications to help doctors perform surgery.
UnitedHealth Group announced progress in managing the repercussions of a major cyberattack on the US health system and Change Healthcare.
Prominent student housing figure Patrick S. Nelson is facing a turbulent legal battle with debts reaching $115 million.
An Arizona State University-led consortium with over 70 partners received $40 million from the US Department of Defense under the CHIPS Act.
Tech magnate Elon Musk has accused Google of intervening in elections to back Democratic candidates on numerous occasions.
Joann Fabrics, a stalwart in the industry for 80 years, faces bankruptcy due to overwhelming debt. However, with new financing, it aims for a swift restructuring to maintain operations.
Workers at the US Volkswagen plant in Chattanooga, Tennessee, are pushing to join the United Auto Workers (UAW) union to address workplace concerns and improve work-life balance.
Experts suggest that the ideal time for home selling is in June, with an estimated $7,700 boost, reflecting shifts in real estate buyer behavior due to factors such as the pandemic and mortgage rate fluctuations.