Business News Stories
Walgreens agrees to be acquired by private equity firm
NEW YORK — Walgreens Boots Alliance says it has agreed to be acquired by the private equity firm Sycamore Partners as the struggling retailer looks to turn itself around after years of losing money. Walgreens said Thursday that Sycamore will pay $11.45 per share, giving the deal an equity value just...
photo: Creative Commons / Mike Mozart
Meta is targeting 'hundreds of millions' of businesses in agentic AI deployment
Meta expects a market of hundreds of millions of small businesses where gen AI will directly interact with customers, says head of AI for Business, Clara Shih. ......
photo: AP / Tony Avelar
New Zealand’s economic missteps hasten exodus to Australia’s sunny shores
By Lucy Craymer / Reuters Corey Ngaru and his partner, Elian Lellimo, left recession-hit New Zealand for the sunshine of Australia’s Gold Coast just a week ago, bidding a teary farewell to family and friends as they seek better jobs and pay elsewhere. “There’s a bunch more options, more...
photo: Creative Commons
EU Prosecutors Accuse Greek Livestock Breeders of Farming Fund Fraud
The European Public Prosecutor’s Office says it suspects 100 livestock breeders in Greece, mostly in Crete, of the fraudulent use of EU agricultural funds via false land ownership or leasing claims. ......
photo: AP / Photo/Iliana Mier, File
Why VW and Rivian are teaming up to launch a $21,500 EV
Volkswagen unveiled its ID.EVERY1 concept car on Wednesday. VolkswagenVW unveiled a $21,500 EV on Wednesday, but don't expect it to come to the US anytime soon.The compact ID.EVERY1 will be the first car to incorporate software from EV startup Rivian.The two companies struck a $5 billion partnership...
photo: Creative Commons / Photo by Rivian
Danish postal service to stop delivering letters after 90% drop in numbers
PostNord says it will end the service from next year and cut a third of its staff to focus on its parcels business...
photo: Creative Commons / Øyvind Holmstad https://commons.wikimedia.org/wiki/User:%C3%98yvind_Holmstad
Apple rolls out AI-ready M4 MacBook Air, and M4 Max and M3 Ultra Mac Studio
New MacBook Air laptops have speedier processor and are US$100 cheaper than M3 versions, while Mac Studio gets its first update in two years. ......
photo: AP / Photo/Noah Berger
Federer-backed On shoes hits CHF2bn sales landmark
Swiss sports shoe brand On achieved sales of more than CHF2 billion for the first time in 2024. +Get the most important news from Switzerland in your...
photo: Creative Commons / Goodreg3 https://creativecommons.org/licenses/by-sa/4.0/deed.en
Reddit cofounder Alexis Ohanian says he wants to buy TikTok and set a 'new standard' in social media
"I'm officially now one of the people trying to buy...
photo: AP / Aaron Favila
Stronger yen could dampen Koreans' travel frenzy to Japan
By Lee Yeon-woo The won-yen exchange rate is nearing 980 won ($0.67) per 100 yen, marking its highest level in 21 months and making trips to Japan more expensive, experts said Wednesday. A stronger yen also gives Korean exporters an edge over their Japanese rivals in global markets. According to...
photo: WN / RTayco

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