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Cabinet approval to restructure CWE

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The Cabinet of Ministers approved the proposal presented by the Minister of Trade, Commerce and Food Security to appoint an operational monitoring committee to carry out the activities related to the restructuring of the Cooperative Wholesale Establishment (CWE) and to implement the proposed restructuring process.

The need to restructure has been recognised after taking into account the fact that the desired objectives of establishing the CWE have not been achieved and the establishment is not contributing effectively to the economy of the country.

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Apple is the world’s first $1 trillion brand: Kantar

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Kantar BrandZ’s Top 10 Most Valuable Global Brands 2024 has named Apple as the world’s first trillion-dollar brand, holding onto pole position for the third consecutive year. 

Google, Microsoft, and Amazon join Apple atop the rankings, with McDonald’s rounding up the top 5.

Demonstrating how effective AI has become for driving brand value, NVIDIA has lept 18 places to crack the top 10 for the first time, holding sixth position with a 178% year-on-year brand value increase. 

Facebook rejoined the Top 10 after a one-year absence, while Oracle joined the Top 10 for the first time. 

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Govt. to privatise SriLankan as part of IMF programme – CEO

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The government, as part of the International Monetary Fund (IMF) program, is looking to privatise several state-owned enterprises and one of those is the flag carrier of the island nation, said SriLankan Airline CEO Richard Nuttall.

Nuttal added that the airline is also looking for an investor. Three candidates have been finalised in April and the government is in talks with them.

Nutall said that no Indian company had shown interest in investing in the airline.

The airline hopes to grow its current fleet of 21 to 22 next month, with plans to obtain another three aircraft within the next three months.

Source: ANI

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Apple brings ChatGPT to its devices

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Apple unveiled a long-awaited AI strategy yesterday (10 June), integrating Apple Intelligence across its suite of apps, including Siri, and announced a partnership with OpenAI to bring ChatGPT to its devices.

The AI features were unveiled at Apple’s Worldwide Developers Conference, and the tech giant also showed its latest operating system for its Vision Pro mixed-reality headset and iPhone.

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