Business
MENA Newswire News Desk: Seven & i Holdings, the parent company of 7-Eleven, has rejected a $38.6 billion acquisition offer from Canadian convenience store operator Alimentation Couche-Tard. The Tokyo-based company stated that the proposal “grossly undervalues” the business and does not reflect its growth potential or future shareholder value. In a filing with the Tokyo Stock Exchange, Seven & i revealed that Couche-Tard’s…
Job openings in the U.S. dropped to their lowest level since January 2021, adding to signs of a slowing labor market. The Bureau of Labor Statistics reported 7.67 million open positions at the end of July, down from 7.91 million in June. The July figure fell short of economists’ expectations, who had predicted 8.1 million job openings for the month.…
China has issued a stern warning to Japan, threatening significant economic retaliation if Tokyo proceeds with additional restrictions on the sale and servicing of chipmaking equipment to Chinese firms. The move complicates ongoing US-led efforts to curb China’s access to advanced semiconductor technology. Japanese officials have been briefed on the potential consequences by senior Chinese representatives in recent…
China has issued a stern warning to Japan, threatening significant economic retaliation if Tokyo proceeds with additional restrictions on the sale and servicing of chipmaking equipment to Chinese firms. The move complicates ongoing US-led efforts to curb China’s access to advanced semiconductor technology. Japanese officials have been briefed on the potential consequences by senior Chinese representatives in recent…
The S&P 500 rebounded in August after a rocky start, ending the month with a 2.3% gain. This marked a reversal from the early August slump, where the index dropped by 6.1% in the first three trading sessions. Despite the volatility, 71% of stocks in the S&P 500 posted gains for the month, with 52 of them rising by double…
China’s economic foundations are under intense strain as key sectors struggle to maintain momentum. Factory activity contracted for a fourth consecutive month in August, signaling deepening deflationary pressures. The National Bureau of Statistics (NBS) reported that the official manufacturing purchasing managers’ index (PMI) fell to 49.1 from 49.4 in July, marking a continued slump that has persisted for most of…
Sports
South Korea’s Jo Hyeon-woo emerged as the hero in a nail-biting encounter at Education City Stadium on Tuesday, propelling his team to the quarter-finals of the AFC Asian Cup Qatar 2023™. The thrilling match saw South Korea secure a 4-2 victory over Saudi Arabia in the penalty shoot-out after the teams…
As the ICC Cricket World Cup 2023 enters its climactic stages, fans worldwide eagerly anticipate the upcoming semifinal matchups. Set to be held at the iconic Wankhede Stadium in Mumbai and the historic Eden Gardens in Kolkata, the tournament is brimming with excitement. The summit clash, promising an electrifying atmosphere, will take…
In a gripping match, Novak Djokovic claimed a hard-fought victory against Danish newcomer Holger Rune at the ATP Finals. His 7-6(4), 6-7(1), 6-3 win in the round-robin match on Sunday not only showcased his enduring prowess but also ensured his position as the year-end world number one for a record eighth time. Reuters…
The International Cricket Council (ICC) has suspended Sri Lanka Cricket (SLC) due to extensive government interference in its administration. This decision comes in the wake of Sri Lanka’s disappointing performance at the World Cup in India, sparking significant upheaval. The ICC characterizes the suspension more as a cautionary measure than a punitive one, aiming…
Lionel Messi, the revered Inter Miami and Argentina forward, has etched his name deeper into football history by securing his eighth Ballon d’Or title. This latest accolade, announced in a grand ceremony at the Theatre du Chatelet in Paris, comes in the wake of his pivotal role in leading Argentina to their long-awaited World…
In a surprising turn of events, the Kingdom of Saudi Arabia remains the sole contender in the race to host the 2034 FIFA World Cup. FIFA, the renowned global governing body for soccer, confirmed on Tuesday that only Saudi Arabia had officially submitted their bid before the deadline. Previously,…