Author: Admin
[SHANGHAI] The bitter battle among China’s major online companies to win the “instant retail” war is expected to further depress their short- to medium-term profits and contribute to deflationary pressures in the world’s second-largest economy. The likes of Alibaba, Meituan and JD.com have been flooding consumers with discounts and coupons to gain market share in the booming one-hour delivery segment, burning their cash in the process, eating into margins, and raising questions from investors on strategy. They have also drawn increased scrutiny from regulators who are worried about a downward price spiral in China, where weak property prices and poor job stability…
A lizard at a UK zoo has given birth without mating in what has been described as “one of the rarest events in the animal kingdom”.A female casque-headed iguana produced eight healthy hatchlings at Exotic Zoo in Telford, Shropshire, without ever being housed with a male. The babies are receiving “round-the-clock care” and are expected to go on public display in the coming weeks.The “virgin births” were due to parthenogenesis, when an embryo develops from an unfertilised egg – a process which the zoo said had been documented in “only a handful of reptile species worldwide”.The offspring are identical genetic…
To quote Tom Brady, “we’re so f***ing back.”The GOAT is back in the NFL on FOX booth for his second season, and he’s dropping his own power rankings again. So, after an action-packed Week 1 that featured a few exciting finishes, who does TB12 have in his top 10? Let’s take a look. And remember, Brady will be on the call for Sunday’s Super Bowl rematch between the Philadelphia Eagles and Kansas City Chiefs (Sunday, 4:25 p.m. ET on FOX and the FOX Sports app), which he’s calling the game of the year. Tom Brady’s Week 1 Power Rankings Brady’s thoughts: “No.…
Labour veteran Lord Peter Mandelson is facing his biggest controversy to date over his relationship with paedophile sex trafficker Jeffrey Epstein.A message from the UK ambassador to Washington featured in a “birthday book” for Epstein for his 50th birthday in 2003 – three years before allegations against the disgraced financier became public. But who is Lord Mandelson, what did he put in his message to Epstein, and what has he said about their relationship?’The Prince of Darkness’Lord Mandelson, 71, holds what is considered the most glittering diplomatic post in the UK government, the perks of which include the luxurious ambassador’s…
Apple rolled out a new line of products Tuesday, including the thinnest iPhone ever made, a new version of the AirPods Pro and a watch that can monitor your blood pressure. They’re the first new products from Apple since the global tariff war began earlier this year.
This is due to higher sales from both the company’s domestic market in the Philippines and international markets[SINGAPORE] Canned-food brand Del Monte Pacific has returned to the black with a net profit of US$5.5 million for its first quarter ended Jul 31, 2025, compared with a net loss of US$36.7 million a year earlier.The previous year’s corresponding results took into account massive losses by its US unit, Del Monte Foods Holdings, which led it to file for Chapter 11 bankruptcy in June this year.Del Monte Pacific has deconsolidated its US subsidiary.Excluding discontinued operations, Q1 net profit posted a jump of…
Ellison, who co-founded Oracle, has the bulk of his net worth tied up in the database software company [NEW YORK] Larry Ellison has become the world’s richest person for the first time, ending Elon Musk’s nearly year-long reign in the top spot. Ellison’s fortune soared US$101 billion as of 10.10 am in New York after Oracle reported quarterly results that surpassed expectations and said there’s more growth to come.The increase lifted his total fortune to US$393 billion, ahead of Musk who sits at US$385 billion, according to the Bloomberg Billionaires Index. It’s the biggest one-day increase ever recorded by the index.Musk…
On June 18th, the FDA approved Yeztugo (lenacapavir), a medication developed by Gilead Sciences. It is described as an injectable HIV-1 capsid inhibitor as pre-exposure prophylaxis (PrEP) designed to reduce the risk of HIV in adults and adolescents. The bottom line: this is the first and only twice-yearly HIV drug option available in the U.S. for people who need or want PrEP. But will it be available to those who could benefit from it most? Yeztugo Is More Effective than the Oral PrEP In clinical trials, the Yeztugo injections were shown to be more effective than the daily oral PrEP medication, Truvada. The…
One of the most shocking games of college football Week 2 was the Florida Gators falling to South Florida. Now, the Gators get a chance to redeem themselves when they face LSU in Week 3.Which top teams need to be on upset alert?Let’s break down some of the marquee Week 3 matchups, with odds from DraftKings Sportsbook as of Sept. 10.(All times ET)SATURDAY, SEPT. 12No. 12 Clemson @ Georgia Tech (noon, ESPN)Point spread: Clemson -3 (Clemson favored to win by more than 3 points, otherwise Georgia Tech covers)Moneyline: Clemson -162 favorite to win (bet $10 to win $16.17 total); Georgia Tech…
STOCKHOLM/NEW YORK :After becoming one of the early adopters in Europe of artificial intelligence, Klarna CEO Sebastian Siemiatkowski says the lender may have gone too far in using the technology to cut costs at the expense of service and product improvement. Global companies are racing to harness AI to help them improve efficiency, lower operational costs and enhance decision-making, but the transition is proving rocky. Sweden’s buy-now, pay-later lender Klarna has cut thousands of jobs, dropped vendors such as Salesforce Inc and turned to AI to create marketing campaigns, saving millions but now realizing it went too fast, too soon. “We probably over…