Drier conditions in Western Australia could spur some farmers to cut the area planted to grain for the next crop after they just completed a record harvest, said the Grain Industry Association of Western Australia.
Lenovo Group Ltd.’s profit fell for the first time in almost three years on waning demand for personal computers, forcing it to warn of job cuts ahead.
While its Big Tech rivals cut jobs, social media app TikTok now employs more than 5,000 people in Europe, it said in an emailed statement Friday. That’s up from just 208 in 2019, according to filings for TikTok Information Technologies UK Ltd., which operates TikTok for users in the UK, the European Economic Area, and Switzerland.
The US Securities and Exchange Commission accused crypto entrepreneur Do Kwon and the firm he co-founded of a fraud involving the failed TerraUSD stablecoin.
Japan’s much-vaunted launch of its flagship rocket was a fizzer — a disappointing result as competition with Elon Musk’s SpaceX intensifies and the island nation looks to expand its defense prowess amid growing geopolitical tensions.
China ramped up its support for a nascent economic recovery, seeking to nip a squeeze in bank borrowing costs in the bud by injecting a record amount of cash to its financial system.
India will blacklist developers of renewable energy projects that fail to hit deadlines as the nation rushes to add vast amounts of clean electricity.
China said it would limit the scope of a blacklist used to sanction foreign companies after deploying the tool for the first time against two US defense firms.
Most Adani Group dollar bonds have climbed further out of distress after the conglomerate said it will address upcoming maturities, the latest boost to investor sentiment following an initial rout sparked by a US short-seller report.
Last year marked a dramatic turn for US college endowments as hundreds of universities reported steep losses, reflecting the tumult in global markets.
