NIKE’S STOCK PLUMMETS 20% AMID CONCERNS OVER SALES DECLINE AND MARKET SHARE LOSSES

Sat 29 June 2024: Nike’s stock experienced its worst day ever, plunging 20% and wiping out $28.41 billion from its market valuation, Reuters reported. This dramatic drop followed the company’s forecast of a mid-single-digit percentage fall in fiscal 2025 revenue, contrary to analysts’ expectations of a near 1% rise. Investors are worried about Nike’s efforts […]

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WORLD’S LARGEST MARITIME DRILLS BEGIN IN AN INCREASINGLY TENSE ASIA PACIFIC

Sat 29 June 2024: The Rim of the Pacific exercises involve more than 25,000 personnel from 29 countries and will continue until August. Hawaii, United States – In an era of increased tension and growing competition between China and the United States and its allies, the US Pacific Fleet is hosting Rim of the Pacific (RIMPAC), “the world’s […]

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PUTIN CALLS FOR PRODUCTION OF PREVIOUSLY BANNED MISSILES AS TENSIONS WITH US ESCALATE

Sat 29 June 2024: President Vladimir Putin announced that Russia should resume producing midrange missiles, previously banned under the now-defunct INF Treaty, amid rising tensions with the United States. This follows Moscow’s accusation that Washington supplied Ukraine with ATACMS missiles used in a recent attack on Crimea, killing four. Russia has vowed a strong response […]

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MACRON’S APPROVAL DROPS JUST TWO DAYS BEFORE THE FRENCH ELECTIONS

Fri 28 June 2024: Support for Macron dropped 6 points to 36%, the worst showing since March, according to Toluna-Harris Interactive poll for LCI TV published on Friday, Bloomberg reported. Separate polls are putting National Rally on course to be the biggest group in the lower house of parliament, with Bloomberg’s poll of polls projecting […]

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WATCH: BIDEN AND TRUMP IN THE FIRST 2024 PRESIDENTIAL DEBATE

Fri 28 June 2024: In their first debate since the 2020 election, President Joe Biden and former President Donald Trump exchanged sharp barbs on a range of issues including global conflicts, immigration, and US democracy. Held at CNN’s studios in Atlanta, Georgia, the debate took place unusually early in the election cycle, before either candidate […]

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ORIGINAL HARRY POTTER ILLUSTRATION SELLS AT AUCTION FOR A RECORD $1.9M

Fri 28 June 2024: An original watercolor illustration for the first edition of J.K. Rowling’s Harry Potter and the Philosopher’s Stone sold for a record $1.9 million at Sotheby’s auction house in New York, becoming the most valuable Harry Potter item ever sold. The artwork for the first book in the series, created by Thomas […]

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BIDEN AND TRUMP CLASH IN FIRST DEBATE SINCE 2020 ELECTION

Fri 28 June 2024: In their first debate since the 2020 election, President Joe Biden and former President Donald Trump exchanged sharp barbs on a range of issues including global conflicts, immigration, and US democracy. Held at CNN’s studios in Atlanta, Georgia, the debate took place unusually early in the election cycle, before either candidate […]

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AMAZON TO LAUNCH DISCOUNT SECTION WITH DIRECT SHIPPING FROM CHINA TO COMPETE WITH RIVAL TEMU AND SHEIN

Thu 27 June 2024: Amazon.com is set to introduce a new section on its shopping site featuring inexpensive items shipped directly to overseas consumers from Chinese warehouses, according to a report by tech news site The Information, which cited slides shown to Chinese sellers. This new marketplace, Amazon’s boldest move yet to compete with discount […]

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