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Ex-head of Shaolin Temple gets 24 years jail for embezzlement, bribery
Ex-head of Shaolin Temple gets 24 years jail for embezzlement, bribery

BEIJING, China: Shi Yongxin, the former abbot of China's Shaolin Temple, was sentenced to 24 years in prison for crimes such as embezzlement...

Temu hit with massive EU fine over hazardous goods
Temu hit with massive EU fine over hazardous goods

LONDON, UK: Chinese online retailer Temu has been fined 200 million euros (US$232 million) by the European Union after regulators found...

Hong Kong becomes world’s largest offshore wealth center
Hong Kong becomes world’s largest offshore wealth center

ZURICH/HONG KONG: Hong Kong has surpassed Switzerland to become the world's largest center for cross-border wealth management, driven...

China promises full inquiry into mining disaster that killed 82
China promises full inquiry into mining disaster that killed 82

BEIJING, China:  An early investigation into China's worst mining disaster in more than 15 years has found hidden tunnels, missing...

AI memory chip boom lifts SK Hynix past $1 trillion
AI memory chip boom lifts SK Hynix past $1 trillion

SEOUL, South Korea: South Korean chipmaker SK Hynix crossed the US$1 trillion market value mark for the first time on May 27, joining...

Cash-strapped Pakistan spends millions to mask terror track record in US: Mahesh Sachdev
Cash-strapped Pakistan spends millions to mask terror track record in US: Mahesh Sachdev

New Delhi [India], May 31 (ANI): Reeling from military humiliation on its borders and facing isolation on the global stage, a financially...

Business

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Meta employee monitoring project sparks GDPR concerns
Meta employee monitoring project sparks GDPR concerns

NEW YORK CITY, New York: Meta's effort to train artificial intelligence systems using detailed records of employee computer activity...

Retail giants warn of softer demand, shares slide
Retail giants warn of softer demand, shares slide

NEW YORK CITY, New York: Shares of Gap and American Eagle Outfitters fell sharply on May 29 after both retailers delivered disappointing...

France becomes first EU nation to fund weight-loss drugs
France becomes first EU nation to fund weight-loss drugs

PARIS, France: France will begin reimbursing weight-loss medications for severely obese patients from mid-June, becoming the first...

Temu hit with massive EU fine over hazardous goods
Temu hit with massive EU fine over hazardous goods

LONDON, UK: Chinese online retailer Temu has been fined 200 million euros (US$232 million) by the European Union after regulators found...

Caesars Entertainment sold in major Las Vegas casino deal
Caesars Entertainment sold in major Las Vegas casino deal

LAS VEGAS, Nevada: Caesars Entertainment, one of the most recognizable names on the Las Vegas Strip, is being acquired by Fertitta...

U.S. stocks move higher Friday, Nasdaq adds 55 points
U.S. stocks move higher Friday, Nasdaq adds 55 points

NEW YORK, New York - U.S. stocks rallied to fresh all-time highs on Friday, capping a winning week with broad-based gains as the Dow...

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