The exterior of a Red Lobster restaurant on May 20, 2024 in Austin, Texas. Red Lobster has filed for Chapter 11 bankruptcy protection after a failed lease-back agreement and “endless shrimp” promotion backfired against company revenue. Brandon Bell | Getty Images Restaurant chain Red Lobster’s “Everyday $20 Ultimate Endless Shrimp” offering was described as a…
Southeast Asia has emerged as one of the NBA’s fastest-growing markets for fan engagement, making the region a focal point for both player development and business expansion. A little over a week after the New York Knicks paraded through lower Manhattan celebrating their historic 2026 Championship win over the San Antonio Spurs, the NBA has set its sights on an ambitious…
Jakub Porzycki | Nurphoto | Getty Images Cryptocurrency exchange Binance has told its customers in the European Union it will stop providing services to them from next week because it will not be licensed to operate in the region. According to a Financial Times report on Friday, the exchange’s application for a bloc-wide license in…
Rafael Mariano Grossi, Director General of the International Atomic Energy Agency (IAEA), speaks during a press conference at the Japan National Press Club in Tokyo on June 26, 2026. Yuichi Yamazaki | Afp | Getty Images The U.S. and Iran’s interim peace agreement gives inspectors from the U.N. nuclear watchdog access to the Islamic Republic’s…
Oil tankers and cargo vessels remain anchored off Port Sultan Qaboos on June 21, 2026 in Muscat, Oman. Elke Scholiers | Getty Images Oil extended declines on Friday as investors monitored developments in the Middle East conflict while assessing whether recent diplomatic efforts would reduce the risk of supply chain disruptions. International benchmark Brent crude futures for August…
The Airwallex logo appears on a laptop computer screen in this photo illustration in Athens, Greece, on December 8, 2025. Nikolas Kokovlis | Nurphoto | Getty Images Airwallex has raised $320 million in a Series H funding round, valuing the global payments company at $11 billion, a 38% leap from just six months ago, as…
Apple shares took a big hit Thursday after the company announced bigger-than-expected price hikes on its MacBooks and iPads. It’s a bump in the road — but one that the tech giant is well-equipped to handle. The stock had its worst single session in more than a year, falling more than 6%, as management made…
Vessels in the Strait of Hormuz near the beach of Bandar Abbas, Iran, June 11, 2026. Amirhosein Khorgooi/isna | Via Reuters The International Maritime Organization has paused its efforts aimed at evacuating ships and seafarers stranded inside the Middle East Gulf after a vessel was attacked in the Gulf of Oman. The pause follows a…
The logo of Japanese company SoftBank Group at the company’s headquarters in Tokyo on Nov. 21, 2025. Kazuhiro Nogi | AFP | Getty Images SoftBank Group plunged more than 12% on Friday, leading a broad selloff in Asian technology stocks, amid mounting concerns over the rising cost of artificial intelligence infrastructure. The Japanese conglomerate led…
Two Federal Reserve officials on Thursday indicated some optimism on inflation, though neither indicated a likelihood that interest rates will change anytime soon. Chicago Federal Reserve President Austan Goolsbee said Thursday that inflation is still trending the wrong way though there have been a few bright spots. A little later in the afternoon, New York…
