Luxury group Kering has released better-than-expected sales figures for its fourth quarter, driven by improved performance from brands other than Gucci. Despite the struggles of its star brand, which saw a 24% drop in organic revenue, Kering’s overall sales fell 12% to €4.39 billion. Kering’s CEO François-Henri Pinault believes the company has reached a point … Read more
The arrival of Quantum Dot-Organic Light-Emitting Diode (QD-OLED) TVs three years ago sent shockwaves through the industry, offering a promising blend of quantum dot technology and OLED benefits. However, with LG Display’s new Primary RGB Tandem OLED panels on the horizon, signs suggest that QD-OLED may soon give way to better OLED displays. Samsung and … Read more
Activist investor Elliott Investment Management has taken a significant stake in Phillips 66, aiming to sell or spin off its midstream business valued at over $2.5 billion. Elliott plans to push the company for changes aimed at simplifying operations and addressing concerns about board transformation, following what it sees as a failure to meet previous … Read more
The Aerospace Safety Advisory Panel (ASAP) is calling on NASA to reevaluate plans for the Artemis missions, citing concerns over multiple first-time goals set for Artemis 3, the agency’s first crewed lunar landing mission. ASAP members stress that each achievement comes with risks, and the multiplication of these risks increases the overall risk posture for … Read more
A bird flu outbreak is causing a surge in egg prices, with cartons becoming increasingly scarce on store shelves. The US Department of Agriculture reports over 150 million poultry birds have been killed since 2022 to combat the H5N1 strain, leading to shortages and price hikes. The number of affected birds has risen significantly, with … Read more
US President Donald Trump’s latest move has sent shockwaves through the global trade community, with many businesses and policy groups expressing concerns over his decision to pause the shutdown of an import tax exemption for cheap consumer goods from China. The de minimis rule, which allows goods worth $800 or less to enter the US … Read more
A massive Israeli operation on occupied Palestinian territories has left nearly 40,000 people homeless since January. The United Nations Agency for Palestinian Refugees (UNRWA) warned that the situation is “escalating at an alarming rate” due to repeated and destructive operations by Israeli forces. The operation, which began on January 21 in Jenin, has expanded to … Read more
Robert F. Kennedy Jr.’s appointment as head of the Department of Health and Human Services has raised concerns among pediatricians, who may face difficult conversations with patients about the safety of routine childhood vaccinations. According to Dr. Mobeen Rathore, Chief of the Division of Pediatric Infectious Diseases and Immunology, a decline in vaccination rates could … Read more
A performer in Kendrick Lamar’s Super Bowl halftime show was detained after waving Palestinian and Sudanese flags during the performance, leading to a lifetime ban from NFL events. The individual, who has not been identified, was part of the 400-member field cast and had hidden the flag on themselves before the show began. The protest … Read more
Chinese animated film “Ne Zha 2,” which tells a story loosely based on Chinese mythology and folklore, has become the highest-grossing movie ever in China with over $1 billion in ticket sales. The film’s success is another sign that Chinese audiences are choosing domestic movies over Hollywood blockbusters. The movie follows the reincarnation of a … Read more