Vietnam jails soft drinks tycoon for eight years in $40m fraud case
Tran Qui Thanh was found guilty of scamming investors over loans issued in 2019 and 2020.
Category Archives: Economy
Tesla profit plunges 55%, as shares bounce on plans for cheaper vehicles
The Texas-based company reports profits of $1.1bn in the first quarter, down from $2.51bn a year ago.
US Senate passes bill to force sale of TikTok, sending it to Biden
TikTok has said legislation 'would trample the free speech rights of 170 million Americans'.
Parallel economy: How Russia is defying the West’s boycott
Two years after the invasion of Ukraine prompted exodus of brands from Russia, many products are freely bought and sold.
‘Arrogant billionaire’: Australia, Musk in war of words over censorship
Elon Musk and Australian Prime Minister Anthony Albanese clash over order to remove X posts on church stabbing.
Australia’s PM criticises Musk’s X over stabbing footage
Anthony Albanese says decision to challenge takedown order for content related to church stabbing 'extraordinary'.
TikTok says bill to force its sale would ‘trample’ free speech
Bill targeting Chinese-owned app goes to the US Senate after passing the House in bipartisan vote.
Google fires 28 staff after protests against cloud contract with Israel
Tech giant says employees engaged in 'completely unacceptable behaviour' during sit-in at company offices.
US chef’s bid to own ‘chili crunch’ name raises ire in Indonesia, Malaysia
David Chang tried to enforce a trademark for chilli condiment popular across Asia before backing down and apologising.
Tesla asks shareholders to restore Elon Musk’s $56bn pay deal
Tesla Chair Robyn Denholm says company believes in 'big risks for the chance of big rewards'.
Canada’s Trudeau government asks rich to pay more in pitch to Gen Z
Budget proposes higher capital gains taxes and billions in spending on education, housing, jobs and mental health.
After leaving the grind in Asia, Filipino women find exploitation in Poland
Filipino migrant workers in European country allege wage theft, salary deductions and passport confiscation.
Stocks slide on Middle East tensions as hope crisis contained stems losses
Stock markets in Australia, Japan, Hong Kong, Singapore and South Korea fall after Iran's attack on Israel.
Singapore’s economy misses forecasts with 2.7 percent growth
City-state's performance is closely watched as a barometer of global economic conditions.
Singapore tightens rules for expat workers with an eye on local discontent
The city-state is raising the salary threshold for foreigners to get a work permit amid stiff competition for jobs.
From unfair trade to TikTok: US Treasury Secretary Yellen’s China trip
US-China talks come amid Biden administration's complaints that Beijing is unfairly subsidising Chinese industries.
Tesla settles lawsuit over Autopilot crash that killed Apple engineer
The settlement avoids a jury trial months ahead of Tesla's scheduled release of a self-driving taxi.
Biden unveils $6.6bn for Taiwan’s TSMC to ramp up US chip production
Taiwanese chip giant will build third facility in Arizona as part of $65bn investment in the US.
Paddy Cosgrave returns to Web Summit after resigning over Israel criticism
Cosgrave resigned as CEO in October after backlash to post accusing Israel of committing war crimes in Gaza.
At Indonesia’s biggest bank, customers’ savings can vanish with a click
Indonesians robbed of their savings in cyber scams report little relief from banks or authorities.