According to documents sent by the American coffee brand Maxwell House to its suppliers obtained by Reuters,Maxwell House has lost hope in the tariff plan announced by the United S…
Category: Business
Tariffs Cause Coffee Bean Prices to Rise, and Small and Medium-Sized Coffee Roasters Raise Prices in Response
The ever-changing policies have brought more uncertainties to coffee roasters in the United States. Their president decided to postpone the imposition of tariffs on foreign importe…
Shareholders of U.S. Steel approve Nippon Steel's acquisition plan.
Shareholders of U.S. Steel (U.S. Steel) as expected approved the acquisition offer proposed by Nippon Steel (Nippon Steel), which has a transaction amount of up to $14.9 billion. H…
Exxon Mobil expects profit to fall in Q1
-US oil major Exxon Mobil expects first-quarter earnings to be lower than in the fourth quarter of last year, mainly due to lower oil and gas prices and the devaluation of derivati…
Battle for proxy ends with Disney fending off Peltz
The battle for control of US entertainment giant Disney has ended with chief executive Robert Iger fending off a bid by activist investor Nelson Peltz.With the backing of the major…
The union rejects Nippon Steel's proposal and does not support the purchase of United States Steel
The United Steelworkers (USW) said it had received a letter from Nippon Steel promising not to lay off employees until September 2026 after a successful acquisition of United State…
The founder of FTX, Sam Bankman-Fried, was sentenced to 25 years in prison.
The founder and CEO of the cryptocurrency trading platform FTX, Sam Bankman-Fried, was arrested on charges of fraud, conspiracy to defraud, and money laundering. After being found …
SHEIN's net profit reportedly doubled to more than $2 billion last year
The Financial Times of the UK quoted insiders as reporting that the net profit of Chinese clothing e-commerce platform SHEIN (Xiyin) in 2023 increased by more than double to more t…
Retail sales in Japan rose 4.6% in February, beating expectations
Retail sales in Japan rose 4.6% year-on-year in February, higher than the market's expected 3%. In addition, industrial production in February fell by 0.1% month-on-month, while th…
South Korea plans to set up a supply chain fund to support the localization of urea
The South Korean government held a meeting to implement the pilot projects of the eight major industry supply chains. According to Yonhap News Agency, the authorities are actively …
Panasonic sell autos business to Apollo Global
Panasonic of Japan sells its auto business subsidiary PAS to a fund managed by US private equity firm Apollo. Apollo said the price is equivalent to the enterprise value of 311 bil…
The US revises export restrictions on Chinese chips
The US revises export restrictions on Chinese chips, including laptops with advanced chipsThe US Department of Commerce revised and updated on Friday the export restriction measure…
US and Japan call for deeper cooperation in AI, semiconductor fields
The Asahi Shimbun reported on Saturday (March 30) that when Japanese Prime Minister Fumio Kishida meets with President Joe Biden next month, the two countries will issue a joint st…
Huawei achieved revenue of CNY704.2 billion in 2023 Profits Jump 144%
Huawei released its 2023 financial report yesterday (29th), with annual revenue of 704.2 billion yuan, an increase of 9.6% year-on-year; among them, net profit was 87 billion yuan.…
New yen banknotes are about to come into circulation, and Shibusawa Eiichi is here.
The new version of the Japanese banknote will be in circulation in the market. Among them, "Shibusawa Eiichi" will replace "Fukuzawa Yukichi", who has been the character of the 10,…
LG plans to invest nearly 74 billion in Korea in the next 5 yearsVolcano near Iceland’s main airport
Yonhap News Agency reported that LG Group released a medium and long-term investment plan, and will invest about 100 trillion won in South Korea in the next 5 years, half of which …
The Japanese Cabinet finalizes the export of next-generation fighter jets to third countries
Kyodo News reported that the Japanese government's cabinet meeting has been finalized, and the next-generation fighter jets jointly developed with the UK and Italy can be exported …
















