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Business

Bank of Korea Governor: Won's Past Exchange Rates Unlikely to Return

Bank of Korea Governor Rhee Chang-yong says it's challenging for the dollar-won exchange rate to return to past levels, amid market uncertainties and political turbulence affecting...

Business

Nippon Life's $8.2 Billion Acquisition: A Strategic Move in Global Insurance Market

Nippon Life Insurance plans to acquire U.S. life insurer Resolution Life Group Holdings for $8.2 billion, marking the largest acquisition by a Japanese insurer. The deal involves p...

Business

Disney CFO Forecasts Rising Streaming Service Prices

Disney CFO Hugh Johnston predicts an increase in streaming service pricing, highlighting Disney+'s transformation of the company from B2B to DTC. He also discusses ongoing cost-cut...

Business

Oracle's Q2 Revenue Surges to $14.1 Billion: A Closer Look

Oracle Corporation reported a 9% increase in Q2 revenue to $14.1 billion, with GAAP diluted earnings per share jumping 24% to $1.10. The company's net income rose 22% to $3.2 billi...

Business

EU Probes Google and Meta for Alleged Ad Deal Targeting Minors

The European Commission is investigating a secret advertising partnership between Google Inc. and Meta Platforms Inc. that may have violated Google's rules for protecting minors on...

Business

Elon Musk Advocates for Reevaluating Tax Benefits for NGOs: A Bold Proposal

Elon Musk recently suggested reconsidering tax benefits for nonprofit NGOs, responding to criticism of the sector's growth attributed to Reagan-era tax reforms. Musk's proposal to ...

Business

Stellantis and CATL Join Forces for a Massive Battery Plant in Spain

Stellantis NV and CATL announce a joint venture to build a lithium iron phosphate battery plant in Zaragoza, Spain, with an investment of up to €4.1 billion. The facility aims for ...

Business

Malaysia's Palm Oil Inventories Decline as November Output Hits Four-Year Low

Malaysia's palm oil stockpiles declined for a second consecutive month in November, driven by a significant drop in production to its lowest level for the month in four years, acco...