Continental Resources has officially dropped its $69 million fraud lawsuit against energy giant Hess Corporation, marking a dramatic turn in a high-profile dispute that had captured attention across the oil and gas sector. The decision to withdraw comes as both parties aim to avoid prolonged litigation and financial exposure. The legal truce signals potential industry … Read more
In a bold pivot toward Middle Eastern expansion, Fanatics Inc. has chosen Qatar as its MENA base, aiming to transform the tiny Gulf nation into a strategic hub for sports merchandise and e-commerce. This calculated move not only signals the company’s aggressive global scaling strategy but also underscores Qatar’s rising appeal as a regional innovation … Read more
A dramatic power struggle has erupted within one of Singapore’s wealthiest families, as property magnate Kwek Leng Beng accuses his son, Sherman Kwek, of orchestrating a boardroom coup at City Developments Limited (CDL). Kwek Leng Beng, the 82-year-old executive chairman of CDL, has taken the extraordinary step of filing court papers to remove his son … Read more
Chile’s government has declared a state of emergency following a massive power outage that left millions of people without electricity, including the capital city, Santiago. The blackout, which is the largest the country has experienced in years, was caused by a failure in a high-voltage transmission line in northern Chile. Interior Minister Carolina Toha confirmed … Read more
Starbucks is set to cut 1,100 corporate jobs and reduce its menu by nearly a third in a major shake-up aimed at improving business in the United States. The changes, which will take effect on March 4, will see the removal of several drinks, including the Royal English Breakfast Latte, White Hot Chocolate, and a … Read more
Singapore’s largest bank, DBS, has announced plans to cut 4,000 jobs over the next three years as artificial intelligence (AI) takes on more tasks traditionally handled by humans. A DBS spokesperson revealed that the workforce reduction will come through natural attrition as temporary and contract roles gradually phase out. Permanent staff are not expected to … Read more
Apple has unveiled the iPhone 16e, a more affordable smartphone designed to bring artificial intelligence (AI) features to a broader audience. The company hopes this new device will help revive iPhone sales, which saw a decline at the end of last year. The iPhone 16e comes with the same A18 processor found in Apple’s flagship … Read more
BHP Group, one of the world’s largest mining companies, has experienced a significant 23% drop in its first-half profit for the year 2024. The company’s attributable underlying profit for the six months ended December 2024 stood at $US5.08 billion ($8 billion), down from $US6.57 billion ($10.3 billion) in the same period last year. This drop … Read more
A Melbourne property developer and his business have been handed a hefty fine of $170,000 for the destruction of several hectares of native vegetation in Truganina, a suburb in Melbourne’s west. Peter Wu, the owner of Centreland Agriculture Co., purchased the property at Mount Atkinson Road in April 2021 for $11 million. However, the land … Read more
In a strategic move that could potentially impact the future of one of the world’s fastest-growing economies, President Donald Trump’s recent tariff announcement has cast a shadow over India’s already fragile economic landscape. This move comes at a particularly challenging time as Indian Prime Minister Narendra Modi prepares for his highly anticipated visit to the … Read more