Chinese tech giant Huawei reports sales, profit up despite US sanctions
Chinese tech giant Huawei says its revenue rose 3% over a year earlier and its profit margin widened in the first half of 2023 despite sanctions that limit its access to U.S. processor chips
2023-08-11 16:24
Eskom Latest: Utility ‘Confident’ Nuclear Unit Fixed by November
South Africa’s Eskom Holdings SOC Ltd. expects to finish maintenance on the first of two units at its
2023-08-11 16:16
Iran Transfers US Citizens From Prison in Step Toward Deal
Iran moved four US citizens from prison to house arrest in the first step of an emerging deal
2023-08-11 15:52
UK Economy Surprises With Strongest Growth in More Than Year
The UK economy delivered its strongest quarterly growth in more than a year, a surprise that indicated resilience
2023-08-11 14:51
China to Shift $139 Billion of Bad LGFV Debt to Provinces
China will allow provincial-level governments to raise about 1 trillion yuan ($139 billion) via bond sales to repay
2023-08-11 14:48
UBS Ends $10 Billion State Backstop That Helped Seal Merger
UBS Group AG decided to end an agreement with the Swiss government to cover losses it could incur
2023-08-11 14:19
Stock market today: Asian stocks decline after US inflation edges higher
Asian stock markets are lower after U.S. inflation edged higher, fueling unease about the outlook for the biggest global economy
2023-08-11 14:18
Sliding Aussie Seen Stoking Prices as Shock-Absorber Fades
Australia’s depreciating currency, historically a boon for the world’s 12th largest economy, appears more likely to fuel inflation
2023-08-11 12:49
EPA weighs formal review of vinyl chloride, toxic chemical that burned in Ohio train derailment
The Biden administration says it could soon launch a formal evaluation of risks posed by vinyl chloride, the cancer-causing chemical that burned in a towering plume of toxic smoke following the fiery train derailment in East Palestine, Ohio
2023-08-11 12:23
FTX founder Sam Bankman-Fried returns to New York as prosecutors push for his incarceration
FTX founder Sam Bankman-Fried is returning to New York City for a bail hearing
2023-08-11 12:15
Mississippi Supreme Court will not dismiss former NFL quarterback Brett Favre from welfare scheme civil lawsuit
The Mississippi Supreme Court said it will not dismiss former NFL quarterback Brett Favre from a civil lawsuit filed by the state seeking to recoup millions of dollars distributed as part of what the state calls a statewide welfare fraud scheme.
2023-08-11 11:26
Biden Fears China Is ‘Ticking Time Bomb' Posing Danger to World
President Joe Biden blasted China’s economic problems as a “ticking time bomb” and referred to Communist Party leaders
2023-08-11 11:17