Binance, CEO Zhao to seek dismissal of US watchdog’s complaint
Commodity Futures Trading Commission is suing crypto exchange for allegedly operating 'sham' compliance program.
Category Archives: Economy
Philippines to lower bar for nurses as low pay drives many abroad
Exodus of nurses due to poor working conditions has prompted Manila to propose hiring unlicensed graduates.
Adidas gets $565m in orders for unsold Yeezy shoes
German sportswear company has taken orders for 4 million pairs after anti-semitism row, Financial Times report says.
China’s state planner unveils steps to boost private investment
National Development and Reform Commission says it wants to attract more private capital for major projects.
‘Barbenheimer’ conquers box office with $235m opening
Barbie and Oppenheimer deliver a boost to Hollywood amid strike and sluggish start to the summer at the box office.
Australia blocks acquisition of lithium mine by China-linked firm
Treasurer Jim Chalmers prevents Austroid Corporation from acquiring Alita Resources after advice from investment board.
Japan’s inflation speeds up as central bank weighs interest rates
Prices in world's third-largest economy grew 3.3 percent in June amid expectations BOJ will stick to ultra-loose policy.
Russia’s exit from grain deal puts focus on Asia’s food prices
Analysts say food prices in Asia are likely to rise but the fallout will be limited for the time being.
Google touts AI for news, insists journalists can’t be replaced
Tech giant says AI-powered tool is not intended to replace 'essential' role journalists play in covering the news.
Netflix’s subscribers surge after password-sharing crackdown
Streaming giant says it added nearly 6 million customers after restricting the sharing of accounts between households.
World Bank chief warns mistrust splitting Global South and West
Ajay Banga says developing countries are paying the price for a lack of action on climate change.
Australia’s property giant Lendlease to cut about 740 jobs
CEO Tony Lombardo says in memo that developer will focus on growing funds management business and development projects.
Coinbase CEO to meet Democrats on digital asset regulation
Brian Armstrong's meeting with lawmakers comes as major crypto players are facing legal action by regulators.
Japan’s workers get rare pay bump after decades without a raise
Japanese employees earn only three-quarters as much as developed-country peers over 30 years after asset bubble burst.
Swatch sues Malaysia over seizure of LGBTQ pride watches
Swiss watchmaker says in lawsuit watches 'not in any way capable of causing any disruption to public order or morality'.
Indonesia names new communications minister after bribery claims
President Joko Widodo makes pick after Johnny G Plate arrested over alleged payments to firms in telecoms project.
China’s economy misses forecasts as youth joblessness hits record
Youth unemployment hits 21.3 percent as economy grows slower than expected in April-June quarter.
Australia names first woman to lead central bank
Michele Bullock will take over as governor of the Reserve Bank of Australia in September.
ChatGPT creator OpenAI faces US probe over libellous output
US Federal Trade Commission asks startup to provide information about safeguards amid reports of defamatory content.
Japan’s shrinking population offers escape from hectic city life
A shrinking Japanese population is fueling a trend of urbanites buying up cheap vacant homes in the countryside.