Business

Former chairman of Seven & i Holdings Toshifumi Suzuki, credited for the global success of 7-Eleven convenience stores, has died at the age of 93, the company said Monday. Toshifumi Suzuki, chairman of Japan's biggest convenience store chain Seven-Eleven Japan Co. Ltd., introduces a logo of e-commerce venture "7dream.com" at its headquarters in Tokyo on June 22, 2000 Suzuki - known as the "father of the convenience store" in Japan -- died due to heart failure on May 18, the c

SpaceX will file its initial public offering application with the U.S. Securities and Exchange Commission next week, a source close to the matter told AFP on Thursday. A security guard stands near SpaceX Starship at SpaceX’s Boca Chica launch site in Texas, U.S., in 2024 The aerospace company had already filed an initial document in early April, but confidentially, a standard first step in the process leading to a listing. The second version is expected to reveal to the publi

An heir to the late Ray-Ban billionaire Leonardo Del Vecchio's business empire is contesting a family deal valued at EUR10 billion (US$11.8 billion) that would allow a sibling to triple his stake ownership. Rocco Basilico (L) and Leonardo Maria Del Vecchio attend the Tribeca Festival Awards Night during the 2021 Tribeca Festival at Spring Studios on June 17, 2021 in New York City The legal claim was filed by Rocco Basilico, the son of Del Vecchio's widow, in a Luxembourg cour

According to Reuters, the proposed 18-year prison term for Nadiem Makarim represents one of the harshest sentences sought for a former Indonesian cabinet minister in recent years. Former Minister Nadiem Makarim appears in court Makarim is accused of illicit enrichment totaling approximately 809 billion rupiah ($46.3 million) linked to the procurement of Chromebook laptops and the Chrome OS operating system for schools between 2020 and 2022. The case reportedly resulted in $12

Ted Turner, the flamboyant U.S. entrepreneur who transformed television news with the creation of CNN in 1980 before venturing into philanthropy, has died at the age of 87. Ted Turner - CNN Founder The mustached southerner, champion yachtsman and conservationist, whose empire also included sports clubs, had been suffering from the degenerative disease Lewy Body Dementia. Cable News Network upended established broadcasting with its dedication to around-the-clock breaking news

Gap’s billionaire co-founder Doris Fisher, who helped build one of America's most recognizable clothing retailers, has died at the age of 94. Doris Fisher - The woman behind American casual Fisher and her late husband Donald ‌Fisher opened the first Gap store in 1969 on Ocean Avenue in San Francisco, initially selling Levi’s jeans alongside records and cassette tapes. She coined the name "The Gap" in reference to the generation gap between baby boomers and their parents, help

US President Donald Trump is considering a bailout or even a complete buyout of Spirit Airlines, the low-cost carrier currently under bankruptcy protection. Spirit Airlines, the largest budget carrier in the United States, first filed for bankruptcy protection in 2024. Now, according to The Guardian, the US government is mulling a loan of up to $500 million to prop up the struggling airline. President Trump has also left the door open for more profound intervention. Spirit Ai

South Korean police have requested a detention warrant for Bang Si-hyuk, billionaire founder of HYBE—the agency behind global K-pop supergroup BTS—over alleged illegal trading linked to the company’s initial public offering. The Seoul Metropolitan Police Agency said Bang is suspected of violating capital market laws by misleading early investors ahead of HYBE's listing and steering them to sell shares to a private equity fund linked to ⁠his associates. Police allege that afte