Showing 21 - 30 of 498
China's Tencent fires more than 100 for fraud, embezzlement
AFP, Published on 16/01/2023
» BEIJING: Chinese tech giant Tencent said Monday it had fired more than a hundred employees for violating company policies, with some referred to police and later found guilty of bribery and embezzlement.
Leadership shake-up at Dior, Louis Vuitton
AFP, Published on 11/01/2023
» PARIS: The French luxury group LVMH announced a leadership shuffle on Wednesday, naming a new CEO at flagship brand Louis Vuitton and appointing the daughter of billionaire boss Bernard Arnault atop Christian Dior Couture.
'More the merrier': Asia tourist hubs ready for China influx
AFP, Published on 06/01/2023
» TOKYO: In Tokyo's Asakusa tourist district, caricaturist Masashi Higashitani is dusting off his Chinese as he prepares for an influx of travellers after Beijing ends inbound quarantine rules.
German inflation drops on gas bill subsidy
AFP, Published on 03/01/2023
» FRANKFURT (GERMANY): German inflation eased in December for a second straight month, preliminary data showed Tuesday, as government interventions helped bring down energy prices.
Stock markets mixed on renewed US Fed rate fears
AFP, Published on 10/12/2022
» NEW YORK - Global stocks had a mixed showing Friday, with hotter-than-expected US wholesale prices renewing concerns that the Federal Reserve will push on with aggressive policies against inflation.
Elon Musk briefly loses top spot on Forbes billionaire list
AFP, Published on 08/12/2022
» PARIS: Tesla owner Elon Musk briefly lost the top spot on Forbes' billionaire list Wednesday to Bernard Arnault, whose family owns the world's leading luxury group, LVMH.
Inflation clouds 'Black Friday' kickoff of US holiday shopping season
AFP, Published on 25/11/2022
» NEW YORK: Retailers unveiled a trove of fresh seasonal promotions Friday, as they try to coax sales from reticent shoppers whose holiday cheer has been tempered by inflation and worries over a softening economy.
Credit Suisse expects Q4 pre-tax loss of $1.6 bn
AFP, Published on 23/11/2022
» ZURICH - Credit Suisse predicted a surprise fourth-quarter pre-tax loss of up to $1.6 billion as the beleaguered bank undertakes a radical overhaul, sending stocks tumbling again on Wednesday.
Twitter turmoil, staff exodus aggravate security concerns
AFP, Published on 20/11/2022
» WASHINGTON: Twitter's owner Elon Musk has pledged the platform will not become a "hellscape," but experts fear a staff exodus following mass layoffs may have devastated its ability to combat misinformation, impersonation and data theft.
Cryptocurrency platform FTX files for bankruptcy
AFP, Published on 12/11/2022
» NEW YORK: Crisis-struck cryptocurrency platform FTX has gone bankrupt in the United States and its chief executive Sam Bankman-Fried has resigned, it said Friday, the latest blow in a saga that has reverberated across the digital currency landscape.