Shares in Ocado, the online supermarket and technology group, dropped sharply on Friday after its U.S. partner Kroger suggested it might reduce its investment in automated warehouses. Ocado’s stock was down 13% at 1140 GMT, extending its losses over the past year to 18%, following comments from Kroger’s Chairman and interim CEO, Ron Sargent. Sargent stated that the company is conducting a “site-by-site” review of its automated fulfillment network, which was built in partnership with Ocado. Sargent’s remarks have raised concerns that Kroger might be backing away from its plans to expand its network of robotic customer fulfillment centers (CFCs),…
Author: Raja Zahid Khanzada
According to a statement from China’s commerce ministry on Friday, China will review issues concerning TikTok in accordance with its laws and regulations. The ministry also urged the U.S. to resolve its concerns through dialogue based on mutual respect and equal consultation. The U.S. Treasury Department has stated that ByteDance’s video app, which faces a potential ban in the U.S. unless it is acquired by an American company, will be on the agenda for a meeting with senior Chinese officials next week in Madrid. U.S. President Donald Trump, who recently joined TikTok last month, has extended the deadline for the…
A senior Indian government official stated this week that India does not anticipate any significant disruption to Foxconn’s operations in the country, even after the iPhone assembler recently ordered some Chinese employees to return home. S. Krishnan, secretary of India’s Ministry of Electronics and Information Technology, told reporters in Taipei that “operations did not really suffer significantly,” despite some Chinese workers having to leave. Krishnan explained that “Foxconn has been in their plant near Chennai for the last five years and a new plant is coming up near Bengaluru. So they were able to manage with some of the workers…
The U.S. Federal Trade Commission (FTC) is currently investigating whether Amazon and Google misled advertisers on their websites, according to a source familiar with the matter. The FTC’s consumer protection unit is conducting the investigations, focusing on whether both companies properly disclosed the terms and pricing for their ads. The agency is reportedly seeking details about Amazon’s advertising auctions, specifically whether the company disclosed its “reserve pricing” for certain search ads. Reserve pricing is the minimum price an advertiser must agree to before they can purchase an ad. Similarly, the FTC is also examining Google’s practices, including its internal pricing…
Twenty-five years ago, Fortune magazine’s cover pondered whether Oracle co-founder Larry Ellison might become the world’s richest person, while BusinessWeek declared him “cool again,” noting that “Silicon Valley’s bad boy is having his revenge.” These articles could be published today. The octogenarian Ellison is back in the spotlight after Oracle’s announcement of several new cloud computing deals that have shaken the tech world. The company’s stock soared by 35.9%, pushing Ellison’s net worth to nearly $400 billion, second only to Elon Musk globally. On Thursday, news broke that Paramount, the media conglomerate now controlled by Ellison’s family, is preparing a…
Channing Tatum made his red carpet debut with his new girlfriend, Australian model Inka Williams, at the Los Angeles premiere of Demon Slayer: Infinity Castle on Tuesday, September 9. The actor, 45, attended the event with his 12-year-old daughter, Everly, whom he shares with ex-wife Jenna Dewan. The 26-year-old model joined them on the red carpet to support Tatum, who voices the character Keizo in the English dub of the animated movie. Tatum told People that the Demon Slayer franchise is “very important” to him and his daughter and that taking on the voice role earned him “cool dad points.”…
Cillian Murphy has finally responded to the rumors that he will star in the upcoming Harry Potter series as Lord Voldemort. Speaking on Josh Horowitz’s Happy Sad Confused podcast, the Oscar-winning actor directly addressed the speculation, stating, “I don’t know anything about that.” He also expressed his respect for Ralph Fiennes, who originally played the role, acknowledging that it would be a difficult act to follow. “It’s just really hard to follow anything Ralph Fiennes does,” Murphy said. “The man is an absolute acting legend, so good luck to whoever’s gonna fill those shoes.” Adding a lighthearted touch to his…
Actor Glen Powell, who has been starring in recent films like Anyone But You and Twisters, and the upcoming The Running Man, spoke to GQ Magazine about his newfound success. Powell expressed his excitement, stating, “This is cool. I have wanted to do this since I was a kid, and it’s awesome.” He compared his journey to that of actors from previous generations, noting, “When you look at actors of yesteryear, if they’re hitting at 36, they look like Gene Hackman in The Royal Tenenbaums.” The actor also touched upon the topic of health and wellness, particularly among men. He…
Reality TV star Teddi Mellencamp is using her platform to raise awareness about the importance of life insurance, a topic that has become deeply personal for her. Currently battling stage 4 skin cancer, she took to Instagram to share her message with her 1.2 million followers. In a video posted on Thursday, Teddi explained that she was “blindsided” by her diagnosis, despite having had stage 1 melanoma previously. She reflected on her younger years, stating that if she had gotten life insurance then, it would have eased many of her current worries. “Right now there are so many unknowns. Life…
Actor Mark Hamill has opened up to the Hollywood Reporter about his career’s recent turning point, expressing surprise at his late-career resurgence. “I certainly didn’t expect to have this sudden burst of life so late in the game,” he said. “I should be spending time wandering the beaches with a metal detector. I can’t explain why, all of a sudden, I have five features this year.” Hamill identified his role in the 2023 film The Fall of the House of Usher as the key turning point. He explained that about five years ago, he was considering a shift to only…
