Macy’s cuts sales forecast as department stores struggle to draw shoppers
Macy's cut its full-year sales forecast Wednesday, as the department store operator said it is contending with selective shoppers and more promotions.
Operation asian news
Walmart Dumps Entire Stake in China’s JD.com
Walmart said it unloaded its entire stake in JD.com, one of China’s biggest e-commerce companies, unwinding one of the largest investments in a Chinese retailer by a foreign rival.
Taliban morality police dismiss over 280 men without beards from security forces
KABUL — The Taliban's morality ministry dismissed more than 280 members of the security force for failure to grow a beard and detained more than 13,000 people in Afghanistan for "immoral acts" in the past year, officials said on Tuesday (Aug 20).
Amazon-backed Anthropic hit with class-action lawsuit over copyright infringement
Anthropic, the Amazon-backed artificial intelligence startup, on Monday was hit with a class-action lawsuit in California federal court over alleged copyright infringement. Three authors said in the filing that Anthropic "built a multibillion-dollar business by stealing hundreds of thousands of copyrighted books," including their own.
Waymo says it has doubled its weekly paid robotaxi trips to 100,000 since May
Waymo is now providing more than 100,000 paid robotaxi rides per week in the U.S., according to a LinkedIn announcement by co-CEO Tekedra Mawakana. That's double the 50,000 weekly paid trips the company reported in May.
Mitsubishi Electric to mass-produce next-gen optical chips in January
TOKYO -- Mitsubishi Electric will begin mass-producing next-generation optical chips in January to meet growing demand for faster devices from data center operators around the world, the company said on Tuesday.
China Telecom, China Mobile hike dividends under Beijing pressure
HONG KONG -- China's three major telecom operators are further shifting toward higher dividend payments and lower capital investments, as the government's focus on state-owned enterprises turns to stock market performance and shareholders' returns.
Vietnam's FPT invests $200m to launch AI services in Japan
TOKYO -- Vietnamese tech major FPT is expanding its operations in Japan by investing $200 million to start cloud operations for artificial intelligence businesses and solution services for Japanese companies' digital transformations early next year, its software chief told Nikkei Asia.