top of page

Search The Website!

1032 results found

  • At Least 1,100 Dead After Devastating Earthquake Strikes Afghanistan

    Over 1,100 people are dead and at least 3,000 others were injured after a 6.0 magnitude earthquake struck Afghanistan, destroying entire villages. The quake struck on Sunday at around midnight local time, with the tremors originating at a shallow depth of around 5 miles. Due to the epicenter's rural location, various villages and small towns were the worst-hit, but the nearby city of Jalalabad was also significantly impacted in the disaster. The impact of the earthquake was also felt over 87 miles away in the capital of Kabul, and several towns in Pakistan also reported shaking. The two provinces primarily impacted by the earthquake were those of Nangarhar and Kunar, located along Afghanistan's eastern border with Pakistan. Within these regions, entire villages were destroyed as the shaking sparked massive landslides, with boulders wiping out rural roads, homes, farms, and even entire villages in the middle of the night. Due to inadequate living conditions, the population density is often much higher than a building can support, and poor infrastructure makes buildings more susceptible to disasters– most homes in Nangarhar and Kunar are made out of mudbrick. Additionally, the isolation of many villages has made it extremely hard for search-and-rescue teams to access the area– many towns lack so much as a road to allow transportation from nearby cities. Because of this, many teams have been forced to use helicopters to access the most remote regions, but the country's supply of these vehicles is limited. However, heavy rain in the days prior to the quake had also loosened the soil, leading to an increased frequency of landslides and rockslides. These landslides then destroyed any roads that did exist in the mountainous region, leaving search-and-rescue teams with no other option. Furthermore, healthcare in remote regions of Afghanistan also remains an issue, forcing citizens to travel outside the region to access adequate medical care. The Taliban, a terrorist group which currently maintains control over Afghanistan, has confirmed that they are more concerned about the injured than the dead, and are working to transport injured citizens to hospitals before they begin searching through the rubble. The death toll is expected to rise further in the coming days as search-and-rescue operations begin uncovering the bodies buried beneath the rubble, but efforts are ramping up as aid pours in. The nation is receiving support from other organizations and countries, including India, Pakistan, Japan, the European Union, and the United Nations. Other Afghanis are also helping with the efforts, with hundreds of men in other cities donating blood for those affected by the disaster. Unfortunately, large earthquakes are very common in the Hindu Kush region, where the Indian plate slips underneath the Eurasian plate. While the junction of the two plates forms the Himalayan mountains to the east, the Hindu Kush mountains to the west are even more earthquake prone. Due to this subduction fault, massive earthquakes are extremely frequent in the region– Sunday's quake is already Afghanistan's third major earthquake since the Taliban took over in 2021. Fact of the Day (The Fact Site): Castoreum, a scented oil which is naturally secreted by beavers’ butts, used to be an ingredient in various food additives and perfumes. Quote of the Day (Gracious Quotes): You should never go to a meeting or make a telephone call without a clear idea of what you are trying to achieve. (Steve Jobs) Word of the Day (Merriam-Webster): Epitome (noun, ih-PIT-uh-mee) - Epitome means "a perfect example." It is usually used in the phrase "the epitome of," as in "the epitome of elegance." In a Sentence: In his tailored suit and fashionable haircut, he was the very epitome of style. Image credit to Reuters

  • India and China Further Improve Relations After Summit

    Indian Prime Minister Narendra Modi and Chinese President Xi Jinping have greatly improved relations between the two countries amid a major SCO summit. Tensions between India and China have been relatively high in recent years, with several battles and standoffs near their shared borders. Due to these border disputes, India and China have maintained a cold relationship, with both sides attempting to side with the enemy of the other. China and Pakistan developed strong ties as China funded various projects to grow the Pakistani economy, and India stepped up relations with the United States. However, after the onset of a staggering 50% tariff from the Trump administration, Modi and Jinping have turned to each other to grow their economies as their relationship with the US falters. Around two weeks ago, Modi met with Chinese Foreign Minister Wang Yi , allowing them to further strengthen ties. Both countries agreed to resume direct flights, resume border trade, and relax rules on visas, helping each other move away from any dependency on the United States. Now, Modi and Jinping are meeting in person to discuss the situation, with the Indian Prime Minister visiting China for the first time in seven years to attend the Shanghai Cooperation Organization (SCO) summit in Tianjin. While improving relations will not be simple, they have both expressed their willingness to work towards a closer friendship in the future, which will require various steps and stages. As for the financial aspect of their trade-related relations, India maintains a trade deficit of over $99 billion with China, making it unlikely for India to allow additional Chinese trade into their country without some sort of action from the East Asian country. Meanwhile, various tariffs and taxes are also in place within numerous sectors, further impacting their abilities to ensure free trade with each other. Additionally, their geopolitical relations will also play a factor in repairing their relationship. China maintains strong ties with Pakistan, India's biggest adversary, and India is still involved in several organizations that work with the US and the rest of the Western world against China and Russia. Nevertheless, right now, Modi and Jinping will continue discussions at the SCO Summit, which will last through the end of the day today. Among the other countries attending are Russia's President Vladimir Putin, Turkey's President Tayyip Erdogan, Iran's President Masoud Pezeshkian, and Pakistan's Prime Minister Shehbaz Sharif, allowing India an ample opportunity to not just improve relations with China but with the rest of its non-Western trading partners who have been impacted by Trump's tariffs and sanctions– especially Russia. Fact of the Day (The Fact Site): The unique smell of rain actually comes from plant oils, bacteria, and ozone. Quote of the Day (Gracious Quotes): To become truly great, one has to stand with people, not above them. (Baron de Montesquie) Word of the Day (Merriam-Webster): Simpatico (adj, sim-PAH-tih-koh) - Simpatico typically describes two or more people or things with shared qualities, interests, etc. It can also describe someone who is agreeable or likeable. In a Sentence: Even though they weren’t always simpatico with regard to the direction of their company, the pair managed to be successful partners for more than 35 years. Image credit to Reuters

  • Yemen's Houthi Prime Minister Killed In Israeli Airstrike

    Yemen has confirmed that the prime minister of the country's Houthi-controlled government was killed yesterday after an Israeli airstrike on the capital of Sana'a. The strike was targeted towards several prominent Houthi leaders, including the prime minister and defense minister, and multiple ministers were killed. As of right now, the most serious casualty reported was the prime minister, Ahmad Ghaleb al-Rahwi, and his second-in-command, Mohammed Miftah, has temporarily taken his position. The Houthis maintain control of the Yemeni government, as they have done for over a decade now. In 2014, the organization revolted against the official government, ousting the president at the time. Over the years, a civil war ensued, and the Houthis now hold the northern portion of the country – including Sana'a – while the actual government controls the south and east. The hit comes amid Israel's intense war with Hamas, the latter of which is supported by the Houthis. The United Nations considers the Houthis an official terrorist organization, and they have been the ones responsible for various incidents involving cargo ships in the Red Sea– the group has repeatedly attacked ships as a form of protesting against Israel's actions in Gaza. They have also sent missiles towards Israel several times, though Israel has always intercepted almost all of them before attacking back. This is the first time that they have targeted Houthi leaders, though. Israel has struck Hamas and Hezbollah leaders in the past, but they have never taken out a prominent Houthi spokesperson. However, Israel confirmed yesterday that this is just the beginning, and they plan to obliterate the leaders of the Houthi group just as they have done with Hamas in Gaza and Hezbollah in Lebanon. The Houthis, on the other hand, have promised retaliation, which could spark further escalation in the Middle East. Fact of the Day (The Fact Site): Llamas can be used as guards against coyote attacks on sheep herds. Studies have proven that just one guard llama is an effective protector, immediately bonding with the sheep, and they can even kill the attacking coyotes. Quote of the Day (Gracious Quotes): Ambition is the path to success . Persistence is the vehicle you arrive in. (Bill Bradley) Word of the Day (Merriam-Webster): Protocol (noun, PROH-tuh-kawl) - Protocol most often refers to a system of rules explaining the correct conduct and procedures to be followed in a formal situation; in computer programming a protocol is a set of rules used in formatting data. Protocol can also refer to a plan for a scientific experiment or medical treatment, or to a document that describes the details of a diplomatic treaty. In a Sentence: What is the proper protocol for declining a job offer? Image credit to NPR

  • US Appeals Court Rules Trump Tariffs As Illegal– But They May Not Go Away

    A United States appeals court confirmed yesterday after a divided vote that Trump's tariffs are illegal, but the Trump administration is expected to file an appeal to the Supreme Court. The court stated that most of Trump's tariffs – including his reciprocal tariffs on all nations – are not legal after the vote ended 7-4 in favor of the appealing party. Currently, Trump has taken advantage of the International Emergency Economic Powers Act (IEEPA) to impose his tariffs– the act allows for the president to take various actions during a national emergency. Nevertheless, the court confirmed that the act does not specifically state what actions are viable, meaning that it does not give the president explicit power to impose tariffs. Furthermore, the court expressed their beliefs that the initial purpose of the act was not to allow the actions Trump has been taking– it was originally passed to allow the government to impose sanctions on other nations. This would force Trump to rescind all of the tariffs he has placed over the last few months, which have heavily reshaped the global economy as countries attempt to strike trade deals with the US to avoid substantial tariffs. However, the court has not removed Trump's tariffs. Instead, they established that the Trump administration would be able to reverse the decision with an appeal to the Supreme Court before October 14. Trump later claimed that the appeals court was highly biased and expected the Supreme Court to overturn the decision in his favor, which could be likely considering the fact that six of the justices are Republican– in fact, three were appointed to the position by Trump himself. Nonetheless, the Supreme Court has taken an unfriendly approach to allowing presidents to use loopholes in older bills for other purposes. Additionally, experts also strongly believe that the Trump administration has devised a second strategy, allowing them to utilize some sort of other law to keep the tariffs in place. Due to these factors, it is still unknown whether Trump's tariffs will actually take effect for good or whether they are simply temporary before the Supreme Court strikes them down. Fact of the Day (The Fact Site): “Opposites attract” is a common myth. People are actually attracted to people who look like family members or those with a similar personality type. Quote of the Day (Gracious Quotes): Never bend your head. Always hold it high. Look the world straight in the eye. (Helen Keller) Word of the Day (Merriam-Webster): Incisive (adj, in-SYE-siv) - Incisive means "impressively direct and decisive." It is generally applied to either something communicated in a way that is very clear and direct, or to a person who is able to explain difficult ideas clearly and confidently. In a Sentence: The columnist is known for her incisive commentary on local politics. Image credit to CNN

  • Thai Prime Minister Ousted After Top Court Ruling

    Thai Prime Minister Paetongtarn Shinawatra has been officially removed from office after having violated the government's ethics rules. Shinawatra was elected by the Thai House of Representatives and Senate in August 2024, meaning that she is only one year into her four-year tenure. However, Thailand's Constitutional Court has ruled that her flagrant ethics violations have made it unconstitutional to allow her to remain in office. The ruling comes several months after a highly controversial call she had with Cambodian President of the Senate and former Prime Minister Hun Sen on June 15. The call took place during a time of high tensions between Thailand and Cambodia, with both sides exchanging fire near their disputed border and launching strikes at each other before the conflict was settled. In the leaked call, she could be heard calling Hun Sen "uncle" and expressed displeasure with her own army's actions, raising concerns. Additionally, she also stated that if Sen " wants anything, just tell me, and I will take care of it," sparking outrage over her loyalty to the country. The call was confirmed by both sides to have taken place and was not altered in any way, leading to intense suspicion and anger towards Shinawatra. The prime minister was then suspended from office on July 1, with a court case following the public outcry. Shinawatra claimed that her statements to Hun Sen were her way of attempting to negotiate and reduce tensions, but the court's final ruling yesterday confirmed that she would be ousted from office immediately. The incident is yet another example of Thailand's extremely unstable government, which has seen various changes and ejections over the past decade. In 2014, former army commander Prayut Chan-o-cha took power in a coup d'état, keeping the prime minister position until 2023. Then, Srettha Thavisin was elected as prime minister, but he was dismissed by the Thai Constitutional Court just one year later for gross ethics violations. Now, Shinawatra has been dismissed for a breach of ethics rules, meaning that the country will be forced to find yet another leader. These issues can be primarily attributed to various constitutional rules that increase the risks of government instability. The Thai constitution allows for a significant military influence on politics, leading to frequent coups– the nation has experienced over a dozen coups since the end of its absolute monarchy in 1932. Furthermore, the Thai Constitutional Court maintains an all-powerful role in all decisions, and their final say cannot be reversed. This has led to dramatic changes in government in the blink of an eye, with the court ousting prime ministers and even dissolving entire parties. For example, in August 2024, the court dissolved a major electoral party. The Move Forward Party actually won the majority of the House in 2024, but the military-appointed Senate blocked their candidate from becoming prime minister due to their plans to change the status quo. This was seen as biased by most of the world, but the court went even further– they dissolved the party on the basis of "attempting to undermine the monarchy" and banned its leaders from politics, proving the court's ultimate power– and this wasn't the first time it had occurred. The Thai Constitutional Court has dissolved a staggering 111 parties since 1997, making any opposition to the court virtually impossible. Fact of the Day (The Fact Site): To correctly write adjectives in order, you would list them by opinion, size, physical quality, shape, age, color, origin, material, type, and then purpose. However, many native English speakers naturally pick up on this. Quote of the Day (Gracious Quotes): The indispensable first step to getting the things you want out of life is this: decide what you want. (Ben Stein) Word of the Day (Merriam-Webster): Diminution (noun, dim-uh-NOO-shun) - Diminution is a formal word that refers to the act or process of becoming less. In a Sentence: The company is committed to seeing that efforts to scale up production do not result in a diminution of quality. Image credit to Thai Lawyers for Human Rights

  • Nvidia Beats Second Quarter Estimates But Stock Falls Due to Data Center Revenue

    Nvidia, the world's most valuable company, reported earnings yesterday, with all of Wall Street observing closely to see how AI markets will move in the coming months. Nvidia released Q2 2026 earnings after the bell at 4 pm EST yesterday, reporting record-breaking revenue and significant growth from the previous quarter. Analyst expectations for the business are extremely high due to its position has the world's most valuable company, and Nvidia proved that the AI industry is still going strong. Revenue for the second quarter was reported at $46.7 billion – a 6% increase from Q1 and a 56% increase from last year – which just beat analyst expectations of $46.52 billion. Meanwhile, profits were reported to be $26.4 billion, which increased by a staggering $40.8% from last quarter. Additionally, diluted earnings per share, or EPS, increased to $1.08, beating predictions of $1.02, and Nvidia's gross margins – a measure of their profit from their products after subtracting the direct costs to manufacture the product – grew to 72.4%, skyrocketing from 61% in Q1. So why is the stock falling? Due to US President Donald Trump's administration, Nvidia was banned from selling its H20 chips to China for the entire quarter, and licenses for specific Chinese companies to purchase Nvidia chips were just approved by the US government. Furthermore, Trump announced that Nvidia and AMD had agreed to a deal to pay 15% of their revenue from Chinese companies to the US government, but Nvidia has argued that no action has been taken to actually make good on the deal yet. Because of this, Nvidia lacked the ability to sell its chips to China during the entire second quarter, likely resulting in a significant decline in revenue. Additionally, Nvidia reported data center revenue of $41.1 billion, growing 5% from last quarter and 56% from last year, but it barely missed analyst predictions of $41.3 billion. Experts have confirmed, though, that this small miss can be attributed to their loss of the Chinese market. In fact, Nvidia reported that they could make around $2 to $5 billion more if H20 chip shipments to China were approved– and this figure does not include the possibility for them to sell their next-generation Blackwell chips to China, which would increase revenue even further. However, persistent geopolitical tensions are hindering their abilities, and the issues are likely to continue. Nevertheless, despite losing one of their largest markets, Nvidia still managed to beat expectations on almost all fronts, showing the ongoing strength in the AI market and proving that the industry is expected to keep growing in the coming years. The company also forecasted revenue in the third quarter to be at least $54 billion. Still not convinced? Check out this article  on the rise of Nvidia, AI, and how the technology is impacting markets across the world from our member-exclusive Business  collection, The Profit Playbook . Fact of the Day (The Fact Site): The average American child is given $4.57 per tooth that falls out. This figure changes each year along with market dynamics and inflation, though. Quote of the Day (Gracious Quotes): If you are afraid to take a chance, take one anyway. What you don’t do can create the same regrets as the mistakes you make. (Iyanla Vanzant) Word of the Day (Merriam-Webster): Nebulous (adj, NEB-yuh-lus) - Nebulous is a formal word used to describe something that is difficult to see, understand, or describe—in other words, something indistinct or vague. In a Sentence: A lot of philosophical concepts can seem nebulous at first, but a good instructor can cut through the jargon and help students see how they apply to day-to-day life. Image credit to The Brand Hopper

  • K-Pop Demon Hunters Becomes Most-Watched Netflix Show of All-Time

    K-Pop Demon Hunters, a relatively new show on Netflix, has just surpassed Red Notice to become the most-watched movie on Netflix in its first 90 days of release. The movie was produced by Sony Pictures Animation, who were also the ones behind the Spider-Man: Into the Spider-Verse, Hotel Transylvania, and Cloudy with a Chance of Meatballs series. It follows three members – Rumi (Arden Cho), Mira (May Hong), and Zoey (Ji-young Yoo) – of a Korean pop band named HUNTR/X who maintain secret identities as demon hunters during the night. Their primary enemies throughout the movie are a group of demons disguised as a rival K-pop band, the Saja Boys, sparking conflict. Since its release on June 20, the movie has garnered 236 million views on Netflix in just two months, making it Netflix's most-watched movie of all time– and it still has potential for more. Netflix's all-time leaderboard ranks movies based on its number of views in the first 90 days of release, and while other movies on the list have already passed that number – Red Notice, the previous title holder, was released in 2021 – K-Pop Demon Hunters still has another month to go before that deadline hits. Meanwhile, the movie broke records in the music industry as well. Ranging from peppy, powerful anthems to relaxed, slower melodies, K-Pop Demon Hunters contains one of the most popular movie soundtracks in history– and it is loaded with talent. Among the contributors to the soundtrack are TEDDY, the co-founder of major K-pop record label THEBLACKLABEL; Lindgren, a Grammy winner who has worked with BTS on their hit song, "Boy with Luv," English singer Dua Lipa on her hit album Future Nostalgia , and K-pop groups BLACKPINK and TXT; Stephen Kirk, another Grammy nominee who has also worked with bands like BTS and TXT; singer-songwriter Jenna Andrews, who has worked with BTS, Jennifer Lopez, Drake, Little Mix, and more; and finally, the producers enlisted major K-pop group TWICE to sing several songs themselves. The soundtrack, consisting of a total of 12 songs, became the first-ever soundtrack to have four songs simultaneously reach Top 10 of the Billboard Hot 100, with HUNTR/X's single "Golden" reaching the No. 1 spot. In fact, the soundtrack has returned to the top 10 in this week's Hot 100, with "Golden" taking the No. 1 spot once again. Meanwhile, Saja Boys songs "Your Idol" and "Soda Pop" have resurged to take spots 4 and 5, and HUNTR/X's "How It's Done" rounding out the top 10. In total, the soundtrack has accumulated over 3 billion global streams, and a special sing-along version of the movie was released in theaters for two days (and now on Netflix) for the music lovers. The sing-along played in over 1,750 theaters worldwide and likely grossed at least between $16 and $20 million in just one weekend. Some estimates say that number could be even higher. After the movie's massive success, multiple reports have confirmed that Netflix is already planning two sequels, which will explore various questions and undiscovered character backstories that were not explained in the first movie. As per the average timeline to produce an animated movie, fans can expect a sequel somewhere in 2027 or 2028, but that date could be as soon as mid-to-late 2026 if the movie is fast tracked. Fact of the Day (The Fact Site): In 2017, China began an initiative to spend over $3 billion dollars to build around 100 panda-shaped solar farms in order to get more young people interested in renewable energy. Quote of the Day (Gracious Quotes): I’m a wanderer. But I don’t wander to explore the outer physical world, I do it to explore the universe inside me. ( Appu Nirmal) Word of the Day (Merriam-Webster): Trepidation (noun, trep-uh-DAY-shun) - Trepidation refers to a feeling of fear that causes someone to hesitate because they think that something bad or unpleasant is going to happen. In a Sentence: The students felt a sense of trepidation upon being summoned to the principal's office. Image credit to Netflix

  • US Consumers Slated to See Price Increases By Friday After Removal of De Minimis Exemption

    The Trump administration's removal of the de minimis tariff exemption will take place on Friday, sparking chaos among international carriers and likely leading to higher prices for American consumers. The de minimis tariff exemption is a rule that exempts all items worth $800 or less from tariffs, allowing carriers to ship low-value goods into the US without formal customs paperwork or levies. The rule was passed in the 1930 Tariff Act, with the initial threshold beginning at just $1, but that level has been increased over the years. On May 2, US President Donald Trump signed an executive order ending the de minimis exemption for China as part of his efforts to combat the opioid trade. Trump claimed that de minimis shipments were a secret way to smuggle drugs like fentanyl into the country, along with a way for business to avoid paying tariffs to the US government. Due to this, the removal of the exemption for China also heavily affected ultra-fast fashion and low-cost companies like Shein and Temu. Then, after much discussion, Trump signed another executive order on July 30 stating that all de minimis exemptions would end on August 29– this Friday. Additionally, the One Big Beautiful Bill, passed on July 4, authorizes the US government to end the de minimis exemption by July 1, 2027, but Trump is attempting to speed up that process. Around 90% of all shipments into the US are de minimis shipments, but none of them face tariffs or are inspected by the US Customs and Border Patrol (CBP). Because of this, external organizations are often able to send illegal drugs or other items into the country without being detected. However, this also means that Americans will be seriously affected by the change. Many of the products that the average consumer purchases are de minimis shipments, as most people rarely buy items worth over $800 from week to week. As these regular items begin to face the tariffs placed on the rest of the world, consumers will begin to see the true impact of the levies on individual items purchased from overseas. Nevertheless, Americans are unlikely to see significant price increases at major stores, as larger companies already import items in bulk and have never used the de minimis exemption. Additionally, various postal companies are also temporarily halting shipments to the United States to deal with the new changes. The removal of the de minimis rule means that all packages sent to the US will now face tariffs, no matter their value, which creates much more work for the carriers– many carriers are forced to pay tariffs to the CBP at the port of entry and collect the money from the importer later on. Due to this added work, countless postal services have paused their shipments into the US. Among these carriers are DHL, the UK's Royal Mail, and the international post offices of various countries, including Spain, France, Belgium, India, and New Zealand. According to Finland's post office, multiple airlines have also halted all shipments, which could temporarily disrupt the exchange of packages between companies. However, the suspension of smaller shipments from carriers is unlikely to impact major stores, as they ship their items into the United States through large containers on cargo ships. Fact of the Day (The Fact Site): In 1994, the company that had a patent on GIFs, Unisys, tried to charge a fee for using GIFs. The PNG was invented as an alternative, and the company decided not to renew their patent once it expired in the early 2000s. Quote of the Day (Gracious Quotes): Never doubt that a small group of thoughtful committed citizens can change the world: indeed, it’s the only thing that ever has. (Margaret Mead) Word of the Day (Merriam-Webster): Undulant (adj, UN-jun-lant) - Undulant describes things that rise and fall in waves, or things that have a wavy form, outline, or surface. In a Sentence: The exhibit featured a painting with beautiful green strokes that resembled undulant hills. Image credit to the Export Compliance Training Institute

  • Confirmed $18 Billion Deal Sees Keurig Dr Pepper Acquire JDE Peet's

    Keurig Dr Pepper, one of the giants of the drink industry, is set to acquire European coffee company JDE Peet's as part of their strategy to split into two companies. Keurig Green Mountain, a coffee giant, acquired the Dr Pepper Snapple Group for $18.7 billion in 2018, forming one company that could provide customers with various beverages. The group's subsidiaries include Snapple, 7UP, Crush, Sunkist, A&W, and Schweppes in the drink market, along with various coffee and donut shops like Krispy Kreme, McCafé, and LavAzza. Now, in an $18 billion deal, the company will acquire JDE Peet's, a Dutch multinational coffee company. JDE Peet's was formed after the merger of the coffee division of Mondelez International and Dutch coffee company Douwe Egberts, creating Jacobs Douwe Egberts (JDE). Then, in 2019, the enterprise merged with Peet's Coffee, forming JDE Peet's, which also owns subsidiaries like L'Or, Moccona, and Pilāo. However, Keurig Dr Pepper's purchase of JDE Peet's actually isn't an acquisition– it is part of their strategy to reorganize their business. As coffee sales have slowed down in recent years, Keurig Dr Pepper has struggled to keep up with increasing coffee bean prices and tough competition. These increasing prices are primarily due to climate change, which has caused droughts across major coffee bean-producing countries, along with tariffs from the American government– US President Donald Trump has placed a staggering 50% tariff on Brazil, which supplies around 35% of unroasted American coffee beans. On the contrary, the soda industry has boomed in recent years, with Keurig Dr Pepper's soda sales increasing by over 10.5% last quarter. Because of this, the company has been looking to spin off into two different businesses, with one focused on coffee and the other on soda and beverages. To execute this, though, the company needed to bolster their coffee division before splitting up, and their newly-announced acquisition of JDE Peet's does exactly that. JDE Peet's, a European multinational company with subsidiaries all over the world, has not taken a hit from tariffs due to their lack of dependency on Brazilian coffee, and the coffee industry in other parts of the globe is still going strong– in fact, in the first half of this year alone, JDE Peet's sales increased by over 19.8% from 2024. To complete the reorganization, Keurig Dr Pepper will spin off into two companies in early 2026. The coffee giant, named Global Coffee Co., will contain Keurig, JDE Peet's and their coffee-related subsidiaries, while the Beverage Co. will take ownership of Dr Pepper and the rest of Keurig Dr Pepper's refreshment-related subsidiaries. Global Coffee Co. is expected to have an annual revenue of around $16 billion, while the Beverage Co. will generate around $11 billion in annual revenue, and the split is expected to save a total of around $400 million for the company. Meanwhile, the leadership of both companies will change as well. Tim Cofer, the current CEO of Keurig Dr Pepper, will lead the Beverage Co. at its headquarters in Frisco, Texas, while CFO Sudhanshu Priyadarshi will lead the Global Coffee Co. from its headquarters in Burlington, Massachusetts. Nevertheless, the enterprise will maintain an international headquarters in Amsterdam. Fact of the Day (The Fact Site): The Ethiopian calendar is around 7-8 years behind the Gregorian calendar due to the fact that they believe Jesus Christ was born around 7-8 years later. Additionally, their calendar has 13 months, but this has a minimal impact on the accuracy of the calendar. Quote of the Day (Gracious Quotes): Extroverts sparkle, introverts glow. Extroverts are fireworks, introverts are a fire in the hearth. (Sophia Dembling) Word of the Day (Merriam-Webster): Cloister (verb, KLOY-ster) - To cloister someone or something is to shut the person or thing away from the world. In a Sentence: The scientist cloistered himself in his laboratory all weekend to finish analyzing data. Image credit to PR Newswire

  • Hungary, Slovakia Lose Russian Oil After Ukrainian Strikes Pipeline

    Hungary and Slovakia could lose Russian oil imports for at least five days after Ukraine struck a crucial pipeline traveling into the European Union. The strike hit the Unecha oil pumping station, located on the Druzhba pipeline that carries Russian oil into much of eastern Europe. The pipeline begins in Russia before moving into Belarus, where it splits into various different smaller pipelines. These pipes carry oil into Latvia, Lithuania, Poland, Germany, Czech Republic, Croatia, Hungary, and Slovakia, many of which were heavily dependent on Russian oil. Nevertheless, as the European Union has attempted to move away from Russian oil in recent years, Hungary and Slovakia remain the only two EU member nations that still import pre-war levels of oil from Russia. This is the third strike on the pipeline within one week, with Ukraine targeting Russian energy as a counter to Putin's actions. Russian President Vladimir Putin has repeatedly targeted Ukrainian energy infrastructure throughout the ongoing three-year war, hitting nuclear plants in addition to thermal, hydroelectric, and gas facilities. However, Hungary and Slovakia, two of the European countries most dependent on Russian oil, have called on the European Union to halt Ukraine's pipeline strikes right away. Contrary to the moves many other European countries are making, Hungary and Slovakia continue to import a significant amount of Russian oil despite the war, making them more vulnerable after Ukrainian attacks on gas pipelines. They claim that their support for Ukraine in the fight against Russia should not end up negatively affecting them, calling Ukraine's actions " completely irresponsible." Now, it is expected to take at least five days to repair the pipeline, forcing both countries to find alternative energy solutions. Additionally, US President Donald Trump has publicly expressed his anger after the strikes, personally sending a message to Hungarian Prime Minister Viktor Orbán regarding the topic. Fact of the Day (The Fact Site): There are times when Pluto is closer to the Sun than Neptune – one of these timelines was from 1979 to 1999. Pluto crosses Neptune's orbit for a 20-year period every 248 years, meaning that the occurrence will not happen again until the year 2226. Quote of the Day (Gracious Quotes): Lighthouses don’t go running all over an island looking for boats to save; they just stand there shining. (Anne Lamott) Word of the Day (Merriam-Webster): Flagrant (adj, FLAY-grant) - Something may be described as flagrant if it is conspicuously bad—that is, too bad to be ignored. In a Sentence: In a flagrant violation of the family's code of ethics, someone finished the ice cream and left the empty container in the freezer. Image credit to Reuters

CONTACT

US

Email: admin@yournewshub.org

Phone: +1 (770) 375-1759

Become a member

Bring global news straight to your inbox. Become a member today to get access to exclusive articles, receive our newsletter, download our app, and more!

© 2025 Your News Hub          Terms of Use

TELL

US

Thanks for submitting!

bottom of page