Baidu Inc. announced a $5 billion share buyback after reporting better-than-expected revenue, reflecting how its cloud computing service is offsetting an advertising lull during China’s economic downturn.
The electric-vehicle battery unit of Sunwoda Electronic Co. is considering raising as much as 4 billion yuan ($580 million) of fresh funds ahead of an initial public offering on Shanghai’s Star board market, according to people familiar with the matter.
The World Bank on Thursday will open a five-week period for nominations to succeed President David Malpass, days after he announced his early departure from the anti-poverty lender, and expects to select a new chief by early May.
The US Air Force pilot glances back as a camera focuses on the white airship floating below — a Chinese balloon on a flight across the US that not only worsened already fraught Beijing-Washington relations but touched off a political firestorm for the Biden administration.
Expectations were high for WM Motor Holdings Ltd., a Shanghai-based electric-vehicle maker backed by tech giant Baidu Inc. and started by a former Volvo AB executive. Now, it risks becoming yet another casualty of the slow-motion shakeout in China’s crowded EV market.
Bowdoin College President Clayton Rose told students, faculty and staff that he was “clearly wrong” to call Jes Staley someone who “represents all that is great about Bowdoin and the culture and values here” during an interview in 2019.
A 6.8 magnitude earthquake was recorded in Tajikistan, according to the European-Mediterranean Seismological Centre.
Pakistani ministers can no longer fly business class or stay in five-star hotels abroad. And the government thanks them for taking salary cuts.
Qantas Airways Ltd. shares fell the most in almost eight months as the airline flagged higher-than-expected spending on planes in an an immediate attempt to cope with the rapid rebound in passenger growth.
Maya, a financial technology firm in the Philippines, is considering raising about $150 million from investors to boost its growth, according to people familiar with the matter.
