The Bank of China, one of the four major state-owned commercial banks in China, has announced that it will start to offer digital yuan services...
Stock Market Movers: Top Gainers and Losers of the Week
The stock market had a volatile week, with major indexes swinging between gains and losses amid mixed earnings reports, economic data, and geopolitical tensions. Here...
SK Telecom invests $100 million in AI startup Anthropic
SK Telecom, the largest telecommunications company in South Korea, announced on Sunday that it will invest $100 million in Anthropic, a U.S.-based artificial intelligence (AI)...
Chesapeake Energy completes its exit from Eagle Ford basin with $700 million deal
Chesapeake Energy, one of the largest natural gas producers in the United States, has announced that it has sold its remaining assets in the Eagle...
China’s economic woes deepen as credit and property sectors slump
China’s economy is facing more challenges as the latest data showed a sharp decline in credit growth, a worsening property crisis and low consumer sentiment....
Netflix Offers $900,000 Salary for AI Job Amid Hollywood Strikes
Netflix, the streaming giant, has posted a job listing for an artificial intelligence product manager that offers a salary of up to $900,000 per year....
U.S. Steel Rejects Cleveland-Cliffs’ $7.3 Billion Takeover Bid
Cleveland-Cliffs, the largest flat-rolled steel producer in North America, announced on Sunday that it had made a cash-and-stock offer to acquire U.S. Steel, the second-largest...
Mastercard invests in MTN’s fintech unit to expand digital payments in Africa
Mastercard Inc., one of the world’s leading payment processors, has agreed to buy a minority stake in the fintech unit of MTN Group Ltd., Africa’s...
China’s New Plan to Boost Foreign Investment Amid Economic Slowdown
China has announced a new plan to attract more foreign investment and improve its business environment, as it faces a slowing economy and rising tensions...
Tesla Slashes Model Y Prices in China Amid EV Competition
Tesla Inc. has announced a new round of price cuts for its Model Y electric SUVs in China, sparking concerns of a renewed price war...
Rouble plunges to 17-month low as Kremlin criticises central bank
The Russian currency has fallen to its lowest level against the US dollar since March 2022, amid rising tensions with the West and a weakening...
Exor Acquires 15% Stake in Philips for $2.8 Billion
The Agnelli family’s investment firm Exor has announced that it has bought a 15% stake in Philips, a Dutch company that specializes in healthcare technology....
AI-Driven Tech Stocks to Buy Amid Tech Pullback, According to Analyst
The tech sector has been experiencing a pullback in recent weeks, as investors take profits from the strong rally that boosted many tech stocks to...
China’s Economic Slowdown Sparks Stimulus Speculation
China’s trade data for July, released on Monday, showed a weaker-than-expected performance of the world’s second-largest economy. The country’s exports grew by 19.3% year-on-year, down...
How US Inflation is Hurting American Families
The US economy is facing a serious challenge from rising inflation, which is eroding the purchasing power of consumers and squeezing their budgets. According to...
Country Garden’s debt crisis worsens as bond trading halted
Country Garden, one of China’s largest property developers, saw its shares plunge to a new record low on Monday, after it suspended trading of 11...