BUSINESS

Macy's unveiled a new strategy to open a 'Bold New Chapter' for the struggling 166-year-old department store

US Retailer Macy's To Close 150 Stores

The iconic but struggling US department store Macy's announced plans on Tuesday to close around 150 locations by 2026, while concentrating investments in its more upscale Bloomingdale's and Bluemercury brands.

Smartphone Makers Charge Ahead To Make Better Batteries

Smartphone makers are racing to develop more potent batteries that can charge faster and last longer
Chinese handset maker Honor has developed a new higher capacity battery technology which uses silicon-carbon for its new AI-infused flagship Magic 6 smartphone, which it says can fully charge in less than 40 minutes and last longer than those of its main competitors.
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A US-appointed panel said Boeing's safety reporting measures following two fatal crashes in 2018 and 2019 have fallen short

Boeing Staff Confused On Safety Reporting: US Study

Boeing employees are confused and distrustful of changes to safety reporting systems implemented by the aerospace giant after fatal plane crashes in 2018 and 2019, according to a US report released Monday.
Taiwanese company HTC showed off its virtual reality headset at the Mobile World Congress (MWC), the telecom industry's biggest annual gathering, in Barcelona

HTC Boss Welcomes Apple VR Competition

The boss of consumer electronics firm HTC on Monday welcomed Apple's launch of its own a mixed reality headset, saying it will help the technology take off and become mainstream.
Honor CEO George Zhao told the Mobile World Congress that AI 'can make fantastic things happen'

Smartphone Makers Bet On AI To Boost Sales

Smartphone makers are packing their latest devices with flashy new artificial intelligence tools such as real-time voice translation and advanced photo editing in efforts to reignite consumer demand.
Ukrainian flags held aloft at a Paris rally

Pro-Ukraine Rallies Across Europe On War Anniversary

Protesters rallied across Europe Saturday in support of Ukraine on the second anniversary of Moscow's invasion, urging greater Western backing as fears mount about Kyiv's ability to fend off an emboldened Russia.
Map of the coast of Colombia showing the area where the Spanish galleon San Jose, sunken off Cartagena since 1708, was found with a valuable treasure that the Colombian government is trying to recover.

Colombia To Start Recovering Bounty From 18th-century Shipwreck

Colombia's government on Friday announced an expedition to remove items of "incalculable value" from the wreck of the legendary San Jose Galleon, which sank in 1708 while laden with gold, silver and emeralds estimated to be worth billions of dollars.

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