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BUSINESS

Rahm wins Masters crown to reclaim World No.1 spot

AFP, Published on 10/04/2023

» AUGUSTA (UNITED STATES) - Jon Rahm delivered tension-packed clutch shots down the stretch on Sunday to win the Masters, capturing his second major title to reclaim the world number one ranking.

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BUSINESS

Chinese shopping app Temu wows US amid TikTok fears

AFP, Published on 10/04/2023

» WASHINGTON - Shopping online at Temu, Laurie Silva paid just $1.25 for earrings and $15 for a cardigan -- she is among millions of US consumers the Chinese platform is wooing with low-cost bargains and a dizzying array of products.

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BUSINESS

Big E3 videogame expo in US is cancelled

AFP, Published on 31/03/2023

» NEW YORK - Sponsors of E3, a long-running videogame trade show, pulled the plug on its 2023 gathering, announcing on the event's website Thursday they will "reevaluate" the future of the expo.

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BUSINESS

UK claims post-Brexit win with trans-Pacific trade pact membership

AFP, Published on 31/03/2023

» LONDON: The UK will join 11 other countries in a major Asia-Pacific trade partnership, Prime Minister Rishi Sunak announced Friday, in the country's biggest post-Brexit trade deal following nearly two years of talks.

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BUSINESS

Swiss prosecutors say investigating UBS-Credit Suisse merger

AFP, Published on 03/04/2023

» GENEVA - Swiss federal prosecutors said Sunday that they had begun investigating the UBS takeover of its embattled banking rival Credit Suisse.

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BUSINESS

Oil market surges on shock output cuts

AFP, Published on 03/04/2023

» LONDON - World oil prices soared Monday after several top producers led by Saudi Arabia sprang surprise output cuts despite already angering the United States with a similar move last year.

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BUSINESS

Credit Suisse chiefs say sorry to angry shareholders

AFP, Published on 05/04/2023

» ZURICH: Credit Suisse chairman Axel Lehmann said Tuesday he was "truly sorry" that the beleaguered bank could not be saved as he faced angry and tearful shareholders whose money has gone up in smoke.

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BUSINESS

China ramping up bailout loans to 'Belt and Road' countries

AFP, Published on 28/03/2023

» LONDON: China has handed out US$240 billion worth of bailout loans to 22 developing countries at risk of default over the past two decades, with the trend accelerating in recent years, a report said Tuesday.

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BUSINESS

Ermotti back as UBS chief for Credit Suisse takeover

AFP, Published on 29/03/2023

» ZURICH: Sergio Ermotti will return as CEO of Swiss banking giant UBS to pilot the controversial acquisition of troubled rival Credit Suisse, its board announced Wednesday.

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BUSINESS

US and Korea seek extradition of crypto fugitive

AFP, Published on 29/03/2023

» PODGORICA, Montenegro: The United States and South Korea have sought the extradition from Montenegro of fugitive cryptocurrency entrepreneur Do Kwon, the country's minister of justice said on Wednesday, just days after he was arrested in the Balkan nation.