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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...

Indonesia Open: Lakshya Sen crashes out in first round; PV Sindhu advances
Indonesia Open: Lakshya Sen crashes out in first round; PV Sindhu advances

Jakarta [Indonesia], June 2 (ANI): Commonwealth Games champion Lakshya Sen was knocked out in the first round of the Indonesia Open...

Business

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Wall Street ends Tuesday with modest advances
Wall Street ends Tuesday with modest advances

NEW YORK, New York - Pushing aside global geopolitical and economic upheaval, U.S. stock markets closed higher on Tuesday, with the...

Berkshire expands homebuilding business with Taylor purchase
Berkshire expands homebuilding business with Taylor purchase

OMAHA, Nebraska: Berkshire Hathaway has agreed to acquire homebuilder Taylor Morrison Home Corp. for $6.8 billion in cash, marking...

Crude prices surge on Hormuz blockade concerns and tensions
Crude prices surge on Hormuz blockade concerns and tensions

NEW YORK CITY, New York: Oil prices surged by about $5 a barrel on June 1 as fears of further disruptions to global energy supplies...

AI startup Anthropic takes first step toward public listing
AI startup Anthropic takes first step toward public listing

SAN FRANCISCO, California: Artificial intelligence company Anthropic has confidentially filed for a U.S. initial public offering, becoming...

Nasdaq Composite edges up 114 points in cautious start to week
Nasdaq Composite edges up 114 points in cautious start to week

NEW YORK, New York - Major U.S. stock markets closed on a cautious but positive note on Monday, with technology shares powering the...

UMG board says Ackman offer undervalues company
UMG board says Ackman offer undervalues company

AMSTERDAM, Netherlands: Universal Music Group has rejected an unsolicited takeover proposal from billionaire investor Bill Ackman's...

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