7-Eleven Parent Company Declines $38 Billion Buyout Offer

7-Eleven Parent Company Declines $38 Billion Buyout Offer

The Japanese parent company of 7-Eleven has turned down a $38 billion (£29.2 billion) acquisition offer from Canadian competitor Alimentation Couche-Tard (ACT). In a letter to ACT, Seven & i Holdings criticized the bid as significantly undervaluing the company and raising regulatory concerns. Despite rejecting the offer, Seven & i Holdings has expressed a willingness […]

Korea Secures Three More Medals at Paris Paralympics

Korea Secures Three More Medals at Paris Paralympics

Team Korea added three more medals at the 2024 Paris Paralympic Games on Sunday, bringing their total medal count to 13 as of Monday. In badminton, Jeong Jae-gun and Yu Soo-young won a silver medal after losing 2-0 in the men’s doubles final to China’s Mai Jianpeng and Qu Zi Mo. Meanwhile, in boccia, Jeong […]

X Faces Brazil Ban as Judge’s Deadline Expires

X Faces Brazil Ban as Judge’s Deadline Expires

X, formerly known as Twitter, has stated that it anticipates being blocked in Brazil after missing the deadline to appoint a new legal representative for the company. Earlier this month, the social media platform shut down its office in the country, citing that its previous representative had faced threats of arrest for not complying with […]

Samsung SDI and GM to Invest $3.5 Billion in Indiana Battery Plant.

Samsung SDI and GM to Invest $3.5 Billion in Indiana Battery Plant.

Samsung SDI and General Motors are set to invest $3.5 billion in a new battery plant in Indiana, even as global EV sales face a slowdown. However, they’ve decided to reduce the plant’s production capacity, and the start of mass production has been delayed from the original schedule. On Tuesday, Samsung SDI and General Motors […]

Zuckerberg admits regret over complying with Biden’s Covid ‘pressure.’

Zuckerberg admits regret over complying with Biden's Covid 'pressure.'

Meta CEO Mark Zuckerberg has expressed regret for yielding to what he described as pressure from the Biden administration to “censor” content on Facebook and Instagram during the coronavirus pandemic. In a letter to the chair of a U.S. House committee, Zuckerberg detailed how senior officials, including those from the White House, pressured Meta to […]

Kim Si-woo stays in contention at BMW Championship.

Kim Si-woo stays in contention at BMW Championship.

Korea’s Kim Si-woo secured a 1-under 71 in the third round of the $20-million BMW Championship on Saturday, placing him tied for seventh. This keeps his hopes alive for advancing to the FedExCup Playoffs Finale, the Tour Championship, next week. The four-time PGA Tour winner recorded five birdies and four bogeys at Castle Pines Golf […]