A new graft scandal rocked the European Parliament after police carried out raids Thursday in Belgium and Portugal, detaining multiple suspects in a probe into suspicions of corruption under the guise of lobbying for the benefit of Chinese tech giant Huawei.The new investigation comes more than two years after the “Qatargate” scandal, in which a …
EU parliament roiled by graft probe linked to China’s Huawei Read More »
Global stock markets slid on Thursday, especially on Wall Street, as US President Donald Trump launched a new volley in his trade war, while gold hit a new record high.Worries about a potential US government shutdown by the weekend also worried investors, while Russian President Vladimir Putin’s limited backing of a possible ceasefire in Ukraine …
Belgian police on Thursday raided several addresses in the country as part of a probe into alleged corruption “under the guise of commercial lobbying”, prosecutors said.Several people were held for questioning over their “alleged involvement in active corruption within the European Parliament, as well as for forgery and use of forgeries,” the federal prosecutor’s office …
Belgium carries out raids in EU parliament corruption probe Read More »
The directors of Canadian convenience store giant Alimentation Couche-Tard (ACT) said on Thursday they were seeking a “friendly” buyout of 7-Eleven but lamented a lack of progress towards a deal.Seven & i, the Japanese parent company of 7-Eleven — the world’s biggest convenience store brand — rebuffed an ACT takeover offer worth nearly $40 billion …
Couche-Tard bosses make case in Tokyo for 7-Eleven buyout Read More »
Asian investors struggled Thursday to build on much-needed gains on Wall Street as a below-forecast read on US inflation was offset by ongoing concerns about President Donald Trump’s trade war.With governments around the world trying to figure out how to respond to the US president’s tariffs agenda and threats of further measures, equity markets have …
Asian stocks wobble as US inflation fails to ease trade worries Read More »
Since ChatGPT burst onto the scene in late 2022, generative artificial intelligence (GenAI) models have been vying for the lead – with the US and China hotbeds for the technology.GenAI tools are able to create images, videos, or written works as well as answer questions or tend to online tasks based on simple prompts.These AI …
Major US trading partners announced countermeasures Wednesday after Donald Trump’s blanket tariffs on steel and aluminum imports took effect, prompting the president to vow a further response.The steep 25-percent levies contained no exemptions despite countries’ efforts to avert them, marking an expansion from Trump’s recent duties on Canada, Mexico and China since returning to the …
US trading partners hit back on steel, aluminum tariffs Read More »
Stock markets mostly rose Wednesday on both sides of the Atlantic as investors shrugged off Washington’s latest tariffs to focus on cooling US inflation and a Ukraine ceasefire plan.Global markets have endured severe swings this month as US President Donald Trump looks to ramp up pressure on global partners by imposing or threatening hefty duties on …
Stocks advance on US inflation slowing, Ukraine ceasefire plan Read More »
A powerful new AI tool Manus is making waves in China, fuelling hopes that it could replicate the success of DeepSeek, which earlier this year rattled the global tech industry with its state-of-the-art chatbot.Manus, an AI agent generally considered more advanced than a chatbot, can do everything from analysing the stock market to creating a …
What to know about Manus, China’s latest AI assistant Read More »
As she watched her five-month-old son lying in intensive care, wires and tubes crisscrossing his tiny body, Uyanga cursed her hometown Ulaanbaatar and its chronic pollution.The toxic smog that settles over the Mongolian capital every winter has been a suffocating problem for more than a decade that successive governments have failed to dispel.There are wisps …
