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PDD Holdings, the online retail giant established by Colin Huang, China’s second-richest billionaire, is currently embroiled in a crisis following vendor protests in Guangzhou against perceived mistreatment on its global e-commerce platform, Temu. On Tuesday, the company's shares fell by 3.5%, resulting in a $1.6 billion loss in Huang's net...

Jim Cramer, Salesforce CEO Marc Benioff, and Workday CEO Carl Eschenbach unveiled their companies’ new partnership aimed at developing artificial intelligence to improve onboarding and human resources, among other functions. The CEOs emphasized that the partnership’s strength lies in combining their extensive data resources. Benioff explained that AI thrives on...

Delta CEO Ed Bastian traveled to Paris on Wednesday morning for the Olympics opening as the airline struggled to manage the aftermath of a significant operational disruption that left around 500,000 passengers stranded due to thousands of flight cancellations. Following a global tech outage that began on Friday, Delta had...

Sultan Kösen, who’s nearly 251 cm tall and hails from Turkey, is the tallest person on the planet. Despite his impressive size, his country doesn’t rank among those with the tallest people. Also, the United States ranks 51st for women at 163.31 cm and 40th for men at 176.94 cm....

In Australia, casinos play a crucial role in driving economic growth and wealth distribution. These gambling establishments, both online and physical, significantly contribute to the national Gross Domestic Product (GDP) and create numerous job opportunities across the country. Casinos attract millions of visitors annually, who not only spend money at...

Mitsubishi UFJ Financial Group Inc. (MUFG), Japan's largest banking group, announced that its top executives would take pay cuts in an effort to regain client trust after breaching information firewalls. The move comes as part of the bank's response to regulatory penalties and lost business resulting from the violations. Hironori...

In the second quarter of 2024, Malaysian businesses showcased a generally positive outlook, as indicated by the RAM-CTOS Business Confidence Index (BCI) survey. Recent data from RAM Holdings Bhd and CTOS Digital Bhd revealed a BCI of 54, a slight increase from 53.4 in the same quarter last year, marking...

A perfect spot near the Cypriot southern coast, almost three times the size of Buskett Gardens in Malta, is being transformed into a luxury golf resort known as Limassol Greens. This ambitious project is a collaboration between some of Malta's wealthiest businessmen and one of Cyprus's largest development companies. Alec...

In her new book, author and mother of two entrepreneurs, Margot Machol Bisnow, reveals what she learned from interviewing 70 of today’s thriving entrepreneurs and their parents.  She came away with the realization that the distinct way these parents raised their children contributed significantly to their success as entrepreneurs. Machol Bisnow...

Eric Grégoire has been appointed as the new CEO of Scandlines, effective July 8. The executive management team now includes CEO Eric Grégoire, COO Michael Guldmann Jensen, and CFO Mikael Koch. Grégoire previously served as CEO of Goodpack in Singapore and has a notable history in business process improvements with...