Category: Foreign News
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Former Philippine Mayor Alice Guo Sentenced to Life Imprisonment for Human Trafficking
In a landmark ruling, a Philippine trial court has sentenced former Bamban, Tarlac mayor Alice Guo—also known as Chinese national Guo Hua Ping—to life imprisonment after she was found guilty of human trafficking. The decision marks a significant victory for Philippine authorities in their fight against organized crime and human trafficking syndicates operating in the
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Walmart’s Landmark Shift to Nasdaq Deals Major Blow to NYSE in Intensifying Listings War
Walmart’s decision to leave the New York Stock Exchange (NYSE) and move its long-standing listing to the Nasdaq has sent shockwaves through global financial markets. The retail giant—valued at roughly $802 billion—is one of the most influential companies in the world, making this switch one of the most significant exchange migrations in decades. Walmart confirmed
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Insurance IPOs Hit Two-Decade High on Wall Street as Tariff Turmoil Drives Investors to Stable Sectors
Insurance companies in the United States are experiencing their strongest year for initial public offerings in two decades, as Wall Street investors flock to recession-resistant and tariff-insulated financial sectors during a turbulent economic period dominated by U.S. President Donald Trump’s escalating trade war. A combination of predictable cash flows, stable earnings, and limited exposure to
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Generali, BFF Bank and BPCE Prepare Final Bids for Apax’s Insurance Firm GamaLife — Sources
LONDON, Nov 20 (Reuters) – European financial heavyweights Generali, BFF Bank, and France’s BPCE have progressed to the second round of bidding for GamaLife, a growing European life insurance consolidator owned by private equity firm Apax Partners, according to two sources familiar with the matter. Apax is seeking a valuation of approximately €600 million ($691.56
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Unilever Considers Selling Iconic British Brands Marmite, Colman’s and Bovril Amid Strategic Portfolio Shift
Unilever is exploring a potential sale of several of its most historic British food brands, including Marmite, Colman’s, and Bovril, according to multiple sources familiar with the discussions. The move underscores the company’s broader strategy to reshape its global portfolio and sharpen its focus on higher-growth beauty and wellbeing categories. The potential divestment reflects a
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Siemens Energy to Return Up to €10 Billion to Investors Amid Global Power Market Boom
FRANKFURT/DUESSELDORF, Nov 20 – Siemens Energy announced on Thursday that it will return up to €10 billion ($11.5 billion) to shareholders by the end of 2028, capitalizing on unprecedented global demand for power infrastructure, gas turbines, and energy grid equipment. The announcement sent the company’s shares soaring to an all-time high, marking one of the
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Uber Teams Up With Starship Technologies to Roll Out Autonomous Robot Deliveries in the UK
Uber is expanding its automation strategy in a major way, announcing a new partnership with Starship Technologies to launch autonomous robot deliveries in the United Kingdom beginning in December. This marks a significant milestone for the company as it accelerates its vision of integrating robotic systems into its global delivery network. Robot Deliveries Coming First
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Kremlin Says President Putin Does Not Use AI Personally, But Officials Do
MOSCOW – Russian President Vladimir Putin does not personally use artificial intelligence (AI) tools, the Kremlin clarified on Thursday. However, officials working under him reportedly employ AI technology to assist with administrative and public-facing functions, including sorting citizens’ questions during the annual presidential Q&A event. Kremlin spokesman Dmitry Peskov emphasized that AI is used operationally
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Italy Investigates Tod’s Over Alleged Labour Abuses, Seeks Six-Month Advertising Ban
Italian prosecutors have launched a formal investigation into luxury fashion group Tod’s and three of its executives over alleged labor abuses at subcontracted workshops, according to sources familiar with the matter. The authorities are seeking a temporary six-month ban on advertising for some of Tod’s products manufactured in the affected factories. This represents the first
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Former FBI Employee Sues DOJ Over Alleged Firing for Displaying Pride Flag
A former Federal Bureau of Investigation (FBI) employee has filed a lawsuit against the FBI and the U.S. Department of Justice (DOJ), alleging he was unjustly terminated for displaying a Pride Flag in his office, according to court documents filed in the U.S. District Court for the District of Columbia. The lawsuit, brought by David
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