Unilever to split off its ice cream unit including Ben & Jerry’s

A family enjoys the visitor attractions at Ben & Jerrys factory in Waterbury, Vermont on June 24, 2021. Christiana Botic | Boston Globe | Getty Images Consumer goods giant Unilever said Tuesday that it is separating its ice cream unit, which includes Ben & Jerry’s and Magnum, as part of a restructuring plan that will … Read more

India’s Paytm secures third-party app license ahead of bank unit curb

The National Payments Corporation of India, the firm that built the eponymous UPI rail in the country, approved Paytm’s application to participate in the payments ecosystem as a third-party application provider, delivering much-needed relief to the financial services firm that serves more than 300 million users and over 10 million merchants in the South Asian … Read more

Camshaft says Byju’s unit beneficial owner of $533 million funds

Camshaft disclosed in court filings this week that some $533 million it managed for Byju’s Alpha, a U.S. unit of Indian edtech group Byju’s, was transferred to another 100% and U.S.-based subsidiary of Byju’s, thereby refuting allegations that the Indian firm used the wealth manager’s services to misappropriate money. In the court filings, Camshaft said … Read more

AirAsia unit heads for Nasdaq listing after SPAC deal

AirAsia airplanes are pictured on the tarmac at Kuala Lumpur International Airport in Sepang on January 8, 2024. Malaysian conglomerate Capital A intends to sell its budget carrier business to medium- to long-haul affiliate AirAsia X in a major consolidation of the country’s airline industry. Arif Kartono | Afp | Getty Images AirAsia is set … Read more

Forget Tesla, ‘Pro’ unit is auto industry’s future

Ford Motor Co., CEO Jim Farley gives the thumbs up sign before announcing Ford Motor will partner with Chinese-based, Amperex Technology, to build an all-electric vehicle battery plant in Marshall, Michigan, during a press conference in Romulus, Michigan February 13, 2023. Rebecca Cook | Reuters DETROIT – Ford Motor CEO Jim Farley on Thursday urged … Read more

What is the Redwan force, Hezbollah’s elite unit on the Israel border?

When the Israel Defense Forces unleashed Wednesday their heaviest airstrikes on Lebanon since the start of the conflict in October, it said several of its targets were sites associated with Hezbollah’s elite Redwan force. Long barely known, its fighters put on a show last year for local and foreign reporters who were invited on a … Read more

Renault shares jump after scrapping plans to list Ampere EV unit

A Renault Scenic electric vehicle (EV) at the Munich Motor Show (IAA) in Munich, Germany, on Tuesday, Sept. 5, 2023. Bloomberg | Getty Images Shares of French car maker Renault jumped 5% in early deals on Tuesday, after the company canceled plans to publicly list its new electric vehicle and software business. Renault said Monday … Read more

Couple Who Went Viral for Living in Storage Unit Have Been Kicked Out

A couple that went viral for living inside of a self-storage facility have been kicked out of their unit. Last week, Leland Brown Jr. uploaded a video of himself and his partner inconspicuously moving into a storage unit. The father and creator had been documenting his journey of homelessness on TikTok since last March and … Read more

Last letters from young kamikaze pilots provide rare insights into Japan’s feared special attack unit

Think of a kamikaze pilot and the image that comes to mind is probably a screaming face obscured by goggles embarking on a death plunge. Or perhaps no face at all and just a fighter plane plowing into a warship. It’s probably not a teenager weeping in a dank, half-underground bunker with his bedsheets pulled … Read more

Amazon’s Audible unit lays off about 5% of staff

Amazon’s Audible division is cutting approximately 5% of its staff in an effort to position the unit “for continued success,” the executive overseeing the division told employees Thursday. “We did not take this route without considerable thought,” Audible CEO Bob Carrigan wrote in a memo to staffers that was viewed by CNBC. “But getting leaner … Read more