Business

Shannon Lee, representing Bruce Lee Enterprises, has filed a lawsuit against Real Kungfu in a Shanghai court. She demands the chain stop using her father's image and seeks 210 million yuan (US$30 million) in compensation for 15 years of unauthorized use of the martial arts legend's likeness.

Walt Disney Co. announced Bob Iger's departure from the CEO role, with 27-year veteran Bob Chapek taking the helm. Iger will continue as executive chairman, overseeing creative efforts until December 2021. During his tenure, Iger transformed Disney by acquiring Star Wars, Marvel, and 21st Century Fox, and launching a streaming service to compete with Netflix.

In a decisive move, the Malaysian High Court has rejected KNM Group Berhad's bid for a restructuring lifeline, spotlighting a series of legal violations and the scheme's lack of viability.

Starbucks, the world's largest coffee chain, closed half of its Chinese stores due to coronavirus, adjusting operating hours and delaying 2020 profit forecasts. The outbreak has significantly impacted the company's operations in its biggest market outside the United States.

Walt Disney Company shuts down all eleven theme parks across global locations, including Walt Disney World, Disneyland, and Disneyland Paris. Disney Cruise Line also suspends new departures through the end of March as a precautionary measure against the spreading coronavirus pandemic.

Uber co-founder Travis Kalanick announced his resignation from the company's board by December 31, citing a desire to focus on new business and philanthropic endeavors. After selling most of his shares in November, Kalanick reflects on his 10-year journey with the world's largest ride-hailing platform.

Following Kobe Bryant's sudden death, fans worldwide rushed to purchase memorabilia, causing Lakers jerseys, Nike shoes, and commemorative items to sell out rapidly. Nike confirmed complete sellout of Bryant's merchandise, redirecting website visitors to a memorial statement about the tragic helicopter crash.

Walt Disney Company's stock fell 2.1% in premarket trading after Bob Iger handed CEO responsibilities to Bob Chapek, with analysts questioning Chapek's content experience and leadership capabilities in the media-entertainment industry.

Indonesia , Oct 04, 2023 Indonesia has officially banned TikTok Shop, citing concerns over unfair trade practices, data protection, and competition with local platforms. The...

Indonesia , Oct 04, 2023 Indonesia has officially banned TikTok Shop, citing concerns over unfair trade practices, data protection, and competition with local platforms. The...