After months of delays as they deliberated on how to navigate President Xi Jinping’s push for “common prosperity,” China’s biggest investment banks are now starting to pay out long-awaited bonuses.
After more than three years, the global Covid emergency is officially over. Yet it’s still killing at least one person every four minutes and questions on how to deal with the virus remain unanswered, putting vulnerable people and under-vaccinated countries at risk.
Billionaire Anil Agarwal’s debt-strapped Vedanta Group took out a fresh loan for about $850 million, its latest effort to come up with funds.
Chief Justice John Roberts said he is “committed” to ensuring the Supreme Court adheres to the highest standards of conduct, even as some justices come under increased scrutiny by the public and Congress.
SoftBank Group Corp. issued a sharp rebuke after S&P Global Ratings cut its long-term credit rating a notch further into junk territory, citing the Japanese tech conglomerate’s exposure to private market valuations and other external risk factors.
Dutch Foreign Minister Wopke Hoekstra stressed China’s pivotal role in finding a solution to global conflicts, while pressing his counterpart for more balanced trade relations during a meeting in Beijing.
Australia’s risk of an economic downturn edged higher in May, a Bloomberg survey showed, as the Reserve Bank is expected to keep interest rates elevated for an extended period in order to beat back inflation.
Hong Kong, which is preparing to introduce a new regime for trading digital assets, is responding to concerns raised by industry players about the shortage of a crucial type of worker.
China’s lead in solar manufacturing is now extending to the technology that will lower costs and allow clean energy to spread across the globe.
Toyota Motor Corp. jumped in early Tokyo trading, rebounding from a sudden plunge in the final minute Tuesday.
