Subway Unveils Ambitious Expansion Plan to Multiply Its Presence in China by Sevenfold

In a major move that has caught the attention of the global fast-food industry, Subway, the renowned sandwich chain, has announced its plans to significantly expand its operations in China.…

NNR June 7, 2023

Wire

Payroll Software Developer Immedis Acquired by UKG in Deal Facilitated by Terry Clune

Kilkenny, Ireland: Renowned businessman Terry Clune has announced the sale of Immedis, a leading payroll software developer, to UKG, a prominent US multinational. The transaction, confirmed by both companies on…

NNR June 6, 2023

Wire

U.S. Securities and Exchange Commission (SEC) on a rampage against crypto trading platforms

Washington, D.C.: The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Coinbase, the largest cryptocurrency exchange in the United States, accusing the company of operating unlawfully by…

NNR June 6, 2023

Wire

Ford Motor Co Announces Expansion of Recall for SUVs and Trucks Due to Fire Risk

Dearborn, Michigan: Ford Motor Co has announced an expansion of its recall, affecting approximately 125,000 sport utility vehicles and trucks, due to potential engine failures that could lead to a…

NNR June 6, 2023

Wire

Microsoft Settles with FTC for $20 Million Over Illegal Collection of Children’s Personal Information

Redmond, Washington: Microsoft has agreed to pay a settlement amount of $20 million (£16 million) to the US Federal Trade Commission (FTC) to resolve charges of illegally collecting personal information…

NNR June 6, 2023

Wire

Emirates Considers Additional Airbus A350 and Boeing 777X/787 Orders to Meet Future Demand

Emirates President Tim Clark announced on Tuesday that the Dubai-based airline is considering ordering additional aircraft from Airbus and Boeing as it looks ahead to future demand in the aviation…

NNR June 6, 2023

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Intel Corp to Sell $1.5 Billion Stake in Mobileye Global Inc

Intel Corp, the multinational technology company, has filed a regulatory document indicating its plan to offer 35 million shares of Class A common stock in Mobileye Global Inc. The stake…

NNR June 6, 2023

Wire

Investment in European Tech Startups to Decline by 39% in 2023, says Atomico

According to data released by venture capital firm Atomico, investment into European tech startups is expected to decrease by another 39% this year, indicating ongoing challenges in the global tech…

NNR June 6, 2023

Wire

Reserve Bank of Australia Surprises Market with Interest Rate Hike Amidst Inflation Concerns

In an unexpected move, the Reserve Bank of Australia (RBA) announced a 25 basis points increase in its benchmark interest rate to 4.1% on Tuesday, defying market expectations. Economists, polled…

NNR June 6, 2023

Wire

Apple Unveils iPadOS 17 with iPhone-Like Features at WWDC 2023

At the Worldwide Developers Conference (WWDC) held on Monday, Apple showcased its upcoming iPad software, iPadOS 17, which brings a host of new features to make the iPad experience more…

NNR June 5, 2023

Wire

Apple Unveils the Apple Vision Pro: A Revolutionary Mixed Reality Headset

In a highly anticipated announcement at the Worldwide Developers Conference (WWDC), Apple CEO Tim Cook introduced the Apple Vision Pro, a groundbreaking mixed reality headset that blends the virtual and…

NNR June 5, 2023

Wire

Turkish Retailer Trendyol Makes £1 Billion Takeover Bid for ASOS

In a surprising move, Turkish online retailer Trendyol, backed by Chinese giant Alibaba, has submitted a takeover bid worth £1 billion for UK-based online fashion retailer ASOS. The offer, made…

NNR June 5, 2023