South Korea’s largest K-pop agency Hybe lost over $423 million in market cap after rookie group NewJeans terminated its contract with sub-label ADOR, leading to a 6.97% share plunge. The group cited breach of contract, mistreatment, workplace harassment, and lack of support from the company as reasons for their departure. Hybe has faced challenges with management disputes, legal notices, and declining profits, with NewJeans being a popular group winning accolades and chart entries before their contract termination.
Full Article
What’s stopping Keir Starmer from recognising Palestine as a state?
Sir Keir Starmer is facing increasing pressure to recognize Palestinian statehood, with 221 MPs and prominent Labour figures advocating for the move amid the escalating Gaza crisis. Despite this, Starmer maintains that recognition will only occur when it can effectively contribute to peace efforts, reflecting the UK's historical role in the region. Want More Context? 🔎
Read more