Due to declining sales and digital competition, Forever 21 seeks up to 50% rent cuts, risking worsened financial strain and operational limits.
Sectors
Apple Eyes Generative AI Partnership With Meta, Anthropic, and Perplexity
Apple and Meta are in talks to integrate Meta's generative AI into Apple's AI system for iPhones, with Apple also exploring partnerships with other AI firms. However, the deals are not yet finalized.
Chinese Man Gets Over 2 Years in Prison for Stealing $88,700 From Jeweler on Singapore Airlines Flight
A Chinese man was sentenced to two-and-a-half-year in prison for stealing around $88,700 from a Singaporean jeweler on a Singapore Airlines flight.
Alaska Airlines, Flight Attendants Union Achieve 'Record' Tentative Labor Agreement
Alaska Airlines and its flight attendants' union have reached a historic tentative labor agreement, marking the end of a prolonged period without new contracts and pending approval by union leadership and membership.
China, Australia Roll Out 5-Year Visas to Citizens for Business, Tourism
China and Australia will now offer each other's citizens multiple-entry visas valid for up to five years.
Latest News
China has invested $230.8 billion over a decade to boost its electric vehicle (EV) industry, with this support constituting 18.8% of total EV sales between 2009 and 2023.
Former President Donald Trump's net worth fell by about $475 million as shares of Trump Media & Technology Group continued their downward trend.
News that Instagram often suggests explicit content to underage accounts was denied by Meta, saying it doesn't reflect the reality.
Qilin, a cyber group disrupting London hospitals, revealed crucial data stolen from NHS blood testing firm.
American Airlines has placed several workers on leave after removing Black passengers from a flight in Phoenix due to a complaint of body odor.
Russia's President Vladimir Putin's visit to China last month reportedly secured alternative payment methods for the two nations.
WHO issues worldwide notice on fake Ozempic diabetic medicine, concerned it may harm people's health.
Nippon Steel's proposed acquisition of US Steel has raised concerns among shareholders about the potential increase in decarbonization costs for Japan's largest steelmaker.
Microsoft has again taken the title of the world's most valuable company from Nvidia. Microsoft has again taken the title of the world's most valuable company from Nvidia.
