Red Lobster, a well-known seafood chain, recently filed for Chapter 11 bankruptcy protection. This move is part of the company’s strategy to reduce its size and attract potential buyers. The company disclosed that it has received a preliminary bid from its current lenders to acquire the business, unless a higher offer is presented. In a
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Elon Musk’s SpaceX has recently launched Starlink satellite internet services in Indonesia, marking a significant step towards improving internet connectivity in remote areas of the country. The inauguration event, held at a community health center in Bali, highlighted Musk’s excitement in bringing internet services to regions that have limited or no connectivity. This move by
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The People’s Bank of China (PBOC) chose to keep its benchmark loan prime rate (LPR) unchanged, aligning with popular expectations. This decision was made despite ongoing efforts by Beijing to introduce other forms of stimulus to bolster the economy. The one-year LPR was maintained at 3.45%, while the five-year rate, crucial in determining mortgage rates,
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Paramount’s release of John Krasinski’s film, IF, has seen success in the international box office, grossing $20M in the overseas market. The positive word of mouth surrounding the film is likely to contribute to its playability in the coming weeks. The film opened at No. 1 in the UK with $3.2M, quickly becoming a standout
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