US lawmakers raise worries about China in Microsoft deal with Emirati AI firm
Republican lawmakers have requested an intelligence assessment from the Biden administration on Microsoft’s $1.5 billion investment in UAE-based AI firm…
Category: World
Australia to bring anti-scam law targeting internet giants this year, regulator says
Australia plans to introduce a law by the end of the year requiring internet companies to proactively prevent scams or…
Amazon could face probe over treatment of UK grocery suppliers, watchdog says
Britain’s grocery regulator has warned Amazon of a possible formal investigation if it does not improve compliance with the Groceries…
AI frenzy takes Taiwan’s TSMC to record peak, puts it in trillion dollar club
TSMC reached a record high in its second-quarter revenue, driven by strong demand for AI applications. The world’s largest contract…
UK economy improved in May – Report
Britain’s economic output grew by 0.4 percent in May, surpassing analysts’ expectations of 0.2 percent and rebounding from flat GDP…
Spirits set to overtake wine as global drinking habits change
A report by the World Spirits Alliance forecasts that more cases of spirits like vodka and whisky will be sold…
Honeywell to buy Air Products’ LNG unit for $1.81 bln as deal-making spree continues
Honeywell announced its fourth acquisition of the year, purchasing Air Products’ liquefied natural-gas (LNG) process technology and equipment business for…
Yandex split nears completion as Russian traders finalise share exchange
Russian traders have finalized a share exchange for investors in Yandex, often referred to as Russia’s Google, marking one of…
Exclusive: Bank of Israel waiting for digital euro ahead of digital shekel launch
The Bank of Israel (BOI) is committed to exploring a digital shekel to enhance the country’s payment system and encourage…
Australia Increases Minimum Wage To $915 Per Week For Lowest Paid Workers
The Fair Work Commission (FWC) has announced a 3.75% increase in Australia’s minimum and award wages. This change raises the…
Oil companies in Texas restoring operations following hurricane Beryl
Oil and gas companies in Texas are restarting operations after Hurricane Beryl hit the state with 80-mph winds, causing property…
Megacaps, chip stocks lift futures before Powell testimony
U.S. stock index futures rose on Tuesday, driven by gains in megacap technology and semiconductor stocks. This continues Monday’s rally,…
Disney to add new ship in Tokyo to expanding cruise business
Walt Disney (DIS.N) announced plans to launch a new cruise ship from Tokyo in fiscal 2028, adding a ninth vessel…
How a Trump election victory could ruffle Latin American markets
Investors are preparing for various scenarios in case former President Donald Trump wins back the White House in November, with…
DBS CEO says bank hunting for bolt-on deals, not game-changing ones
Asia’s wealthy and their bankers are optimistic about a recovery in China, betting that exposure to the region, even amidst…
Crypto market turns green, downside risk remains high
The crypto industry is experiencing turbulence due to Bitcoin sales in Germany and concerns over significant liquidations by Mt. Gox…
Australia increases minimum wage to $915 per week for lowest paid workers
Australia’s Fair Work Commission has raised the minimum wage to $915.90 per week, effective from July 1, 2024. This follows…
Band A customers: NLC demands new tariff hike reversal
The Nigeria Labour Congress (NLC) has criticized the recent increase in electricity tariffs for Band A customers from N206.80 to…
China’s BYD opens EV factory in Thailand, first in Southeast Asia
China’s leading electric vehicle (EV) manufacturer, BYD (002594.SZ), has inaugurated its first Southeast Asian factory in Thailand. This is a…
Asia stocks rise on rate cut wagers, yen wallows at 38-year lows
Asian stocks rose on Wednesday following remarks by Federal Reserve Chair Jerome Powell, indicating potential upcoming U.S. rate cuts. The…
UK Investors Pour Record £11.4 Billion into Equity Funds in First Half of 2024
British investors injected a record £11.4 billion into equity funds during the first six months of 2024, driven by the…
Nippon Steel’s Mori to visit US again next week for talks on US Steel takeover
Nippon Steel’s Vice Chairman, Takahiro Mori, will travel to the United States next week to discuss the proposed $15 billion…
Dangote Refinery Begins Gasoil Exports To West African Countries, As Imports From Europe Decline
Aliko Dangote, Chairman of the Dangote Group, strongly criticized the Central Bank of Nigeria (CBN) for increasing the interest rate…
China’s BYD posts 21% jump in quarterly EV sales, closes gap with Tesla
China’s BYD reported a 21% increase in electric vehicle (EV) sales for the second quarter, bringing its total to 426,039…
Air Canada to Receive 8 Boeing 737 MAX 8 Jets from BOC Aviation
Air Canada announced on Tuesday an agreement to receive eight Boeing 737 MAX 8 jets from lessor BOC Aviation. These…
South African rand extends losses, focus on unity government’s reforms
The South African rand continued its decline on Tuesday, trading at 18.6325 against the dollar, a 1.5% drop from the…
US job openings increase; trend still slowing
In May, U.S. job openings increased by 221,000 to 8.140 million, indicating a modest rebound following significant declines in the…
Australia raises international student visa fees by 225% to prevent migration
Australia has significantly increased student visa application fees from $710 to $1,600, effective July 1, 2024, marking a 225% hike.…
Russia’s VTB bank says US sanctions have complicated cross-border transactions
The recent U.S. sanctions on Moscow have significantly affected Russian banks, including VTB, Russia’s second-largest lender. Dmitry Pyanov, VTB’s finance…
Ackman’s Pershing Square USA to offer shares at $50 in NY listing
Pershing Square USA, managed by billionaire Bill Ackman, is preparing for its initial public offering (IPO) on the New York…