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Asia Pacific

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AUKUS nations to partner on unmanned undersea vehicles by 2027
AUKUS nations to partner on unmanned undersea vehicles by 2027

SINGAPORE: The United States, the United Kingdom, and Australia are working together to build unmanned underwater vehicles under their...

Beijing broadens digital yuan use in payments and trade
Beijing broadens digital yuan use in payments and trade

BEIJING, China: China is stepping up efforts to expand the use of its digital yuan both domestically and internationally, according...

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...

Business

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Pizza Hut sale discussions advance with private equity firm
Pizza Hut sale discussions advance with private equity firm

LOUISVILLE, Kentucky: Yum Brands is in exclusive negotiations to sell its Pizza Hut business to private-equity firm LongRange Capital,...

Microsoft, Nvidia to unveil Arm-based Windows computers
Microsoft, Nvidia to unveil Arm-based Windows computers

SAN FRANCISCO, California: Microsoft and Nvidia are expected to unveil the first Windows personal computers powered by Nvidia-designed...

Beijing broadens digital yuan use in payments and trade
Beijing broadens digital yuan use in payments and trade

BEIJING, China: China is stepping up efforts to expand the use of its digital yuan both domestically and internationally, according...

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...

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