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That plan quickly falls through — and Twitter decides to adopt a poison-pill strategy to fend off a hostile takeover from Musk. At this point, shares in Musk's automotive company, Tesla, began to decline; by mid-November, they will have lost close to half their value. “Musk’s conduct simply confirms that he wants to escape the binding contract he freely signed, and to damage Twitter in the process,” Twitter says. In the meantime, Musk and Twitter jockey for position ahead of the October trial — with Judge Kathaleen McCormick increasingly siding with Twitter in key pre-trial motions. Within 48 hours, the site was flooded with users who bought blue checkmarks only to turn around and impersonate official accounts, including Musk's.

☆ Starbucks is opening an upmarket 3-floor store in the Empire State Building selling cocktails and offering coffee-making workshops
▼ + stars: | 2022-10-26 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

The Starbucks Reserve store will sell hot drinks, cocktails, and food — some of which will be exclusive to the store. The store, set to open on November 16, will be in the Starbucks Reserve format. A Starbucks Reserve store in Shenzhen, China. A barista makes coffee at a Starbucks Reserve coffee store in Shanghai, China. The nearby New York Reserve Roastery, just a five-minute walk away, has a similar menu but at higher prices.

☆ What Kroger, Walmart, Target learned from China's Alibaba about grocery's future
▼ + stars: | 2022-09-25 | by ( Rebecca Fannin | ) www.cnbc.com time to read: +5 min

Kroger has adopted an omnichannel strategy, integration of offline or in-store sales with online orders and logistics. They looked at the New Retail model born in China for complete integration of offline and online channels," he said. But the action was jumpstarted when Amazon bought Whole Foods Market in 2017 and began introducing several advanced technologies to streamline in-store shopping, a shift that also spread to large retailers Walmart and Target. Kroger digital sales gained by 8 percent in the second quarter of 2022, while in-store and online combined gained 5.8 percent from a year earlier. He pointed out that "half of Kroger's app stores are bringing in incremental business and half are cannibalizing in-store sales."

☆ China's new J-20 is nothing 'to lose a lot of sleep over,' but the US's stealth advantage isn't safe, US commanders say
▼ + stars: | 2022-09-23 | by ( Christopher Woody | ) www.businessinsider.com time to read: +7 min

China's air force has rapidly grown in size and capability, adding advanced jets like the J-20. The J-20 isn't "anything to lose a lot of sleep over," the head of US Pacific Air Forces said this week. But US Air Force leaders do say the US needs to work to stay head of the progress China is making. "We can take a look at it today and say we're not going to lose a lot of sleep. I'll lose sleep if we don't continue to modernize our Air Force to ensure that we stay ahead of where they are."

☆ Inflation is a global problem. Here’s how central banks are addressing it
▼ + stars: | 2022-09-21 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

In Turkey and Argentina, annual inflation rates are forecast to clock in at a whopping 80%. At least 75 have lifted their benchmark interest rates in the past year, increasing the price of credit across the world. In July, it instituted its second consecutive 0.75 percentage point interest rate increase, taking its benchmark rate to a range of 2.25% to 2.5%. The country is struggling with rampant inflation rate that rose to a 20-year high of nearly 80% in August. The country’s annual inflation rate slowed to 7% in August, below analyst forecasts of 7.3% and down from 7.6% in July.

☆ Zhou Jihong: She apologized for verbally abusing an Olympic judge, but questions over the conduct of China's 'Iron Lady' of diving remain
▼ + stars: | 2022-05-11 | by ( George Ramsay | ) edition.cnn.com time to read: +13 min

That was after Zhou, who has been dubbed the “Iron Lady” of Chinese diving, allegedly launched a verbal tirade at Wright at the 10m platform event’s conclusion for underscoring Chinese divers. In a diving event, judges on the panel award each dive a score ranging from zero to 10. Lintao Zhang/Getty ImagesAccording to Latimer, Zhou has “substantial input” when it comes to deciding which judges are chosen to officiate at competitions. From FINAAllegations against Zhou, Latimer says, have been slow to emerge due to her influential status within the sport. The “Iron Lady” of Chinese diving, Zhou became the country’s first ever Olympic gold medalist in the sport in 1984.

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