Lynn Hatem

Lynn Hatem covers world news, culture, and lifestyle for Beijing Times, following the stories and trends shaping contemporary life around the globe.

Home Depot CEO Ted Decker Takes Medical Leave, Two Executives Assume Control

Home Depot CEO Ted Decker is taking a temporary medical leave expected to last several months, with two senior executives assuming day-to-day control.

Telstra CEO Vicki Brady Gets $700,000 Pay Rise Despite Nationwide Outage

Telstra awarded CEO Vicki Brady A$6.8m for the year, a A$700,000 rise, even after docking her bonus over a nationwide network outage in July.

YMTC Breaks Into Global Top 3 NAND Suppliers With 14% Share

Yangtze Memory Technologies captured 14% of global NAND flash bit shipments in Q2, entering the world's top three suppliers for the first time.

Lenovo Profit Beats Estimates as AI Servers Drive 43% Revenue Jump

Lenovo Group posted a 43% surge in quarterly revenue and stronger-than-expected profit, driven by booming demand for AI computers, servers and services.

Maersk Shares Jump 7% After Profit Beat and Raised Full-Year Outlook

A.P. Moller-Maersk shares surged as much as 7% after the shipping giant beat profit estimates and raised its full-year earnings guidance.

Total Solar Eclipse Sweeps Europe and Arctic, Sending Hotel Prices Past $1,000

A rare total solar eclipse crossed Europe, Iceland and the Arctic on August 12, drawing millions and pushing some hotel prices above $1,000 a night.

Bob Iger, Josh Kushner Buy Los Angeles Lakers in Record $12.5 Billion Deal

Bob Iger and Josh Kushner are buying the Los Angeles Lakers for a record $12.5 billion, pending NBA board approval, in the second sale within a year.

Wendy’s Stock Surges 12% on Nelson Peltz Take-Private Bid

Wendy's shares jumped 12% after a report that Nelson Peltz's Trian Fund Management is preparing an offer to take the burger chain private.

Bank of America Invests $1.9 Billion for 49.9% Stake in Jio Financial Unit

Bank of America is investing $1.9 billion for a 49.9% stake in a lending unit of India's Jio Financial Services, one of the sector's largest deals.

Paramount Floats CNN Sale to Settle California Suit Over Warner Bros. Deal

Paramount Skydance says selling CNN is "on the table" to resolve a California suit challenging its pursuit of Warner Bros. Discovery.

Google Reshuffles AI Leadership to Accelerate Gemini Development and Product Race

Google has overhauled its AI leadership, consolidating research and product teams to accelerate Gemini development and compete more aggressively in the sec

SpaceX Shares Soar 11% as Wall Street Backs Musk’s AI Push

SpaceX shares jumped 11% as Wall Street bet on Elon Musk's push into 'real-world' AI, tying the rocket maker's valuation to its xAI and Grok ambitions.

Lumentum Jumps 15% on Blowout Earnings, Lifting Coherent and Corning

Lumentum shares surged about 15% on blowout earnings, lifting Coherent, Corning and other AI infrastructure names as optical demand accelerates.

Cerebras Stock Falls 14% Despite Raised AI Chip Guidance and Revenue Beat

Cerebras Systems shares dropped about 14% after beating second-quarter revenue estimates and raising its full-year AI chip guidance.

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