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The Alibaba founder highlights 'changes' in the company's development as it embarks on an ambitious AI strategy Jack Ma, founder of Alibaba Group Holding, responded to the resignation letter of a long-term employee on Tuesday, a rare move for the tech veteran who stepped back from all corporate roles in 2019. In a response published on Alibaba's internal website, Ma addressed the concerns raised by a 15-year employee, who criticised the "big company disease" afflicting the Chinese e-commerce giant in an extensive internal letter. The employee, a product development leader on the team responsible for enterprise collaboration tool DingTalk, reflected fondly on his early years at Alibaba and praised the company's core values, but sharply critiqued what he saw as various internal issues. They included unsuccessful acquisitions, unclear strategies, undesirable hiring practices, as well as unfair performance assessments and promotion mechanisms. Do yo...

The U.S. Department of Commerce has significantly broadened the scope of its steel tariffs to include a wide array of household appliances, a move that could deal a blow to South Korean electronics giants like Samsung and LG. In a notice published in the Federal Register on June 12, the Commerce Department announced that it would expand the list of derivative products subject to a 50 percent steel tariff. Newly included items range from refrigerators and washing machines to ovens, dishwashers, freezers, dryers, stovetops, and garbage disposals—products that make up the core of most modern households. The revised tariffs are scheduled to take effect on June 23. The expansion follows a series of escalating trade measures under the Trump administration. In March, a 25 percent tariff was imposed on steel itself. That was soon extended to derivative products, with duties calculated based on the estimated value of steel contained in each item. Then, on June 4, the administrati...

READ MORE: Family-favorite fried chicken chain quietly changes their menu A popular fried chicken chain is exploring the idea of selling its business following last year's 9 percent spike in chicken sales across US restaurants. Bojangles, one of the most iconic brands in the Carolinas, is working with investment bankers to potentially sell itself for over $1.5 billion, about three times what it sold for in a 2019 buyout. Private equity firms and other restaurant operators are expected to be interested if Bojangles is up for sale, according to The Wall Street Journal . As of now, the chicken chain has not confirmed whether it will go on the market. The 48-year-old business has rapidly expanded since opening its first restaurant in North Carolina in 1977. Known for its Cajun-spiced chicken and homemade buttermilk biscuits, it now has over 800 restaurants worldwide. Bojangles recently opened its first location in Las Vegas and is set to open s...

Nitori, Japan’s largest furniture and home furnishings retailer, has shut down its third store in South Korea, the company confirmed on June 13. The closure comes just two months after it shuttered its first store in the country, located at the Emart Hawolgok branch. Less than two years into its South Korean expansion, the company’s decision to close both its flagship location and another branch in rapid succession is being described by industry observers as highly unusual. Some speculate the company may be weighing a full withdrawal from the market. Established in 1967 as a furniture specialty store, Nitori has evolved into a mid-range Japanese lifestyle brand offering a wide range of products, including daily necessities and household goods. In South Korea, the company sells more than 8,000 items, from compact and mid-sized furniture such as mattresses, sofas, and storage units to various interior and lifestyle products. Known for its SPA (Specialty store retailer of Private la...

Travellers charged down country lanes on carriages at Appleby Horse Fair as thousands more visitors descended on Cumbria for Europe's biggest Gypsy festival. About 10,000 people from the Gypsy and traveller community are expected to attend this year's gathering in Appleby-in-Westmorland, Cumbria, along with 30,000 visitors between June 6 and 12. On Sunday, spectators lined the streets as they watched travellers, including children, race down narrow lanes at death-defying speeds, while others were seen riding horses through the water. The official Appleby Horse Fair social media shared footage of horses charging down the lanes, writing: 'If you're planning to visit Appleby today, please be on the alert for fast-moving horses, especially around the Flashing Lane. 'Stay out of the carriageway as horses move at speed and cannot be quickly stopped if something or someone steps into their way.' Over the weekend, footage has also emerged of a van going...

TOKYO () -Japan has eased its demand for a full repeal of the 25% U.S. auto tariff and is instead proposing a mechanism to reduce the rate based on how much countries contribute to the U.S. auto industry, the Asahi newspaper reported on Friday. Japan's chief tariff negotiator, Ryosei Akazawa, is in Washington for a fifth round of talks with U.S. officials, including Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick. Under Japan's latest proposal, Washington would lower auto tariffs based on factors such as the number of vehicles Japanese automakers produce in the U.S. and the volume of cars exported from there to other markets, the Asahi said, without citing sources. Akazawa "strongly reiterated Japan's request for a review of the tariff measures imposed", Japan's government said in a statement after the economic revitalisation minister met Lutnick. "The two sides reaffirmed their respective positions on U.S. tariff mea...

We recently published a list of These 10 Stocks Are On Fire Right Now . In this article, we are going to take a look at where AST SpaceMobile, Inc. (NASDAQ:ASTS) stands against other Wednesday's best-performing stocks. AST SpaceMobile grew its share prices for a third straight day, jumping 13.94 percent to end at $28.69 apiece on renewed speculations that the company is joining forces with Jeff Bezos’ Blue Origin. The rally was bolstered by an Instagram post by a board member, Adriana Cisneros, showing herself, AST SpaceMobile, Inc. (NASDAQ:ASTS) CEO Abel Avellan, and Bezos, in a photo. An aerial view of a communications satellite in orbit, beaming its signal down to Earth. “Amazing things are happening at AST & Science + Blue Origin,” Cisneros captioned. Prior to the Instagram post, Blue Origin executives visited the AST SpaceMobile, Inc. (NASDAQ:ASTS) headquarters in Texas, with speculations that discussions may have gone beyond launch logistics t...

In late March, Hooters filed for bankruptcy but the iconic restaurant chain did not indicate that restaurants would close as a result of the filing. "Hooters is taking action to strengthen our business to better serve you, our valued customer, over the long term. As an important step forward, on March 31, 2025, we announced that we entered into an agreement with near unanimous support from our key stakeholders to position Hooters for stability and growth and ensure we can further invest in our locations, offerings, and the customer experience" the company wrote on its website . To combat questions about the company going out of business, Hooters offered the following: "Hooters is here to stay, and with a stronger financial foundation and streamlined operations on the other side of this process, we will be well-positioned to continue delivering the guest-obsessed hospitality experience and delicious food our valued customers and communities have come...

Amazon has a massive advantage over most retailers. Its size gives it a level of buying power that's unprecedented. Basically, only Walmart sits in a similar position and even players like Target and Costco don't have the same ability to dictate terms to suppliers. Normally, Amazon controls its own fate. It can tell suppliers to lower prices, make demands on packaging, and otherwise set its own terms. Related: Large supermarket chain faces massive boycott That does not make it immune to what's happening in the world. Amazon ( AMZN ) suffered with supply chain issues during the Covid pandemic and it had periods where certain items were out of stock. Amazon also had times where it offered a version of the item you wanted through a third-party seller, but maybe not the way you wanted it. That included off-brands, slower delivery times, and other changes. 💵💰 Don't miss the move: Subscribe to 's fr...

(NEXSTAR) — A fourth batch of more than Rite Aid stores has been designated for potential closure as the Pennsylvania-based company continues through its second bankruptcy . More than 110 stores across 12 states were identified as additional store closures in a Friday court filing. Including previous rounds outlined in court filings, Rite Aid has identified 360 stores for closure since filing for bankruptcy earlier this year. Here’s where normal people can still buy homes, according to real estate data The latest round of proposed Rite Aid closures are listed below. They are pending court approval and could face objections from property owners. California Angels Camp: 230 South Main Street Antioch: 20 East 18th Street Bakersfield: 9700 Panama Lane Blythe: 616 East Hobsonway Carmichael: 4010 Manzanita Avenue Clearlake: 15025 Olympic Drive Coalinga: 159 West Polk Street Colusa: 1021 Bridge ...

- Harga jual emas produksi Antam, UBS, dan Galeri24 yang tercatat di situs resmi Pegadaian pada Senin, 2 Juni, dilaporkan tidak mengalami perubahan dari hari sebelumnya. Emas Antam masih dipasarkan dengan harga Rp1.941.000 per gram. Hal serupa juga terjadi pada emas Galeri24 yang tetap berada di angka Rp1.881.000 per gram. Sementara emas UBS dijual seharga Rp1.889.000 per gram, tidak berubah dari harga sebelumnya. Produk emas dari Antam dan Galeri24 tersedia dalam berbagai pilihan mulai dari 0,5 gram hingga 1.000 gram (1 kilogram). Sedangkan UBS menyediakan varian ukuran dari 0,5 gram sampai 500 gram. Berikut adalah rincian harga emas berdasarkan merek dan beratnya: Daftar Harga Emas Antam: 0,5 gram: Rp1.022.000 1 gram: Rp1.941.000 2 gram: Rp3.821.000 5 gram: Rp9.474.000 10 gram: Rp18.890.000 25 gram: Rp47.095.000 50 gram: Rp94.109.000 100 gram: Rp188.137.000 250 gram: Rp470.069.000 500 gram: Rp939.921.000 1.000 gram: Rp1.87...

RUBLIK DEPOK - PT PLN (Persero) menghidupkan kembali program promosi seru bernama "Bangkit Lebih Terang", yang menawarkan potongan harga sampai 50% pada biaya peningkatan daya listrik untuk para pengguna bertegangan rendah. Promosi ini diperkenalkan secara nasional mulai tanggal 10 Mei hingga 23 Mei 2025, sejalan dengan pesta perayaan Hari Kebangkitan Nasional. Ini merupakan kesempatan ideal bagi Anda untuk memperbesar kapasitas energi listrik di hunian atau bisnis tanpa harus merogoh kocek terlalu dalam. Apakah yang Dimaksud dengan Promosi Penambahan Daya Listrik di PLN? Promo peningkatan daya listrik ini menghadirkan diskon berarti untuk konsumen dengan kekuatan awal antara 450 VA hingga 5.500 VA yang berniat meningkatkan kapasitas daya mereka hingga maksimum 7.700 VA. Melalui program tersebut, para pemakai dapat merasakan kenyamanan serta hemat biaya substansial pada proses penambahan daya, hal yang umumnya terbilang memberatkan. Misalnya saja, konsumen ya...