Business

China Injects $54 Billion Into State Banks and Insurers to Steady Growth

China will inject $54 billion into state banks and insurers, announced September 6, to steady growth and lift equity investment as the economy cools.

Over 5,500 Still Missing in China and Nepal as Flood Toll Passes 1,300

More than 5,500 remain missing in China and Nepal twelve days after floods killed over 1,300, as the UN launches a $50m aid appeal.

Australia Plans Law Letting Users Switch Off Social Media Algorithms

Australians could opt out of social media algorithms under a proposed "digital duty of care" law targeting Meta, Google and TikTok, a minister said Monday.

Anak Krakatau Eruption Cancels Hundreds of Flights at Jakarta Airport

Mount Anak Krakatau's eruption disrupted hundreds of flights across Indonesia, with cancellations at Jakarta's airport stretching into Monday.

US Envoys Hold Substantive Kyiv Talks, But Russia-Ukraine Gaps Persist

US envoys Witkoff and Kushner held substantive talks with Zelenskyy in Kyiv a day after meeting Putin, but core Russia-Ukraine differences remain.

Airlines Defer Aircraft Orders Amid Profit Challenges and Engine Issues

Airlines that once eagerly sought new jets are now shifting their strategies. Facing financial pressures and operational challenges, especially due to engine issues, several...

FDA Authorizes Novavax’s Updated Covid Vaccine for Emergency Use in Ages 12 and Up

The Food and Drug Administration (FDA) has granted emergency use authorization for Novavax's updated Covid-19 vaccine for individuals aged 12 and older. This approval...

HMD Global and Mattel Unveil Nostalgic Barbie-Themed Flip Phone

HMD Global, the company behind Nokia-branded phones, has teamed up with Mattel, the iconic toymaker, to introduce the HMD Barbie Phone. This pink feature...

Chinese Mother Suspects IVF Embryo Mix-Up After Seeing Look-Alike Child in Viral Video

A mother in China, surnamed Wang, sparked widespread attention after suspecting that a little girl seen in a viral video might have a biological...

Edgar Bronfman Jr. Competes for Paramount Global Stake, Proposes Keeping Shari Redstone Involved

Edgar Bronfman Jr. has made a $6 billion bid to acquire a controlling stake in Paramount Global, potentially allowing Shari Redstone, the current non-executive...

Restaurants Navigate Rising Costs with Surcharges Amid “Junk Fees” Debate

Lawmakers are intensifying efforts to eliminate “junk fees,” but restaurants are attempting to avoid being caught in the crossfire. In recent years, surcharges covering...

Boeing’s Starliner Capsule to Return Empty from ISS Due to Technical Issues

Boeing's Starliner capsule, currently docked at the International Space Station (ISS), will return to Earth without the NASA astronauts it delivered in early June,...

Mavericks and Pelicans Exit Regional Sports Networks Amidst Diamond Sports Bankruptcy

Fans of the Dallas Mavericks and New Orleans Pelicans are anticipating a new way to watch local games as the upcoming NBA season approaches....

Surge in Crypto Millionaires: Global Count Nearly Doubles Amidst Rising Bitcoin ETFs

The population of crypto millionaires around the world has soared by 95% over the past year, with the number of individuals holding more than...

Canadian National Railway Workers to Return as Government Intervenes in Rail Stoppage

Workers at Canadian National Railway (CN) are set to return to work on Friday, following a government move to end an unprecedented rail stoppage...

Commonwealth Bank of Australia Lowers Mortgage Rates Amid Growing Market Competition

Commonwealth Bank of Australia (CBA), the nation’s largest lender, announced a reduction in interest rates on select home loan products for new customers on...

Tabcorp Fined A$4.3 Million for Repeated Breaches of Gambling Harm Prevention Laws

Australian wagering company Tabcorp has been fined A$4.3 million ($2.89 million) by the Victorian Gambling and Casino Control Commission (VGCCC) for repeated violations of...

Japan’s Core Inflation Accelerates, Raising Questions for Central Bank’s Future Rate Hikes

Japan's core inflation rate continued its upward trajectory in July, marking the third consecutive month of acceleration, according to data released on Friday. The...

Investors Flock to Money Market Funds Ahead of Anticipated Fed Rate Cuts

Investors funneled $37 billion into money market funds (MMFs) in the week leading up to Wednesday, according to Bank of America, as they positioned...

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