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Asian stocks mixed as tech sector struggles to rebound from selloff

Asian stocks were mixed Monday as investors struggled to recover from last week's tough run fuelled by disappointing earnings from tech titans, while eyes were also turning to the United States ahead of crucial midterm elections.

Binance resumes withdrawals after more than $6 bn stolen in hack

Binance said that it had seen withdrawals of around $4.7 billion on Sunday, after more than $6 billion in virtual assets were stolen from the cryptocurrency exchange in a major hack the FBI said North Korea was responsible for.

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Asian stocks slump, tracking US losses after inflation report

Asian markets dropped on Wednesday, tracking losses in the United States and Europe as traders responded negatively to higher-than-expected US inflation data that raised fears of a prolonged period of interest rate hikes.

Foxconn strikes $19.4 bn deal to make chips in India

Taiwanese electronics giant Foxconn will invest $19.4 billion to make semiconductors in India with local conglomerate Vedanta, backed by New Delhi's push to boost tech self-reliance after a global chip shortage.

Shares in Chinese conglomerate Fosun dive on report of watchdog scrutiny

Club Med owner Fosun, one of China's largest private-sector conglomerates, saw billions wiped off its value on Wednesday as jittery investors reacted to a media report that the group was under regulatory scrutiny.

King Charles mulls patronages after queen's death

The late Queen Elizabeth II was patron of numerous good causes, as is her son King Charles III, but he will now look to redistribute them among the Royal Family.

Japan central bank conducts 'rate check' as yen sinks: reports

Japan's central bank on Wednesday conducted an operation often seen as a precursor to currency intervention, local media said, as the yen continues to crater against a strengthening dollar.

Health groups calls for fossil fuel non-proliferation treaty

Around 200 health organisations and more than 1,400 health professionals on Wednesday called for governments to establish a binding international treaty on phasing out fossil fuels, which they said pose "a grave and escalating threat to human health".

Seeds of change for Dijon mustard amid shortage

France's favourite condiment, Dijon mustard, is hard to find these days, with signs on supermarket shelves warning the lucky few who spot jars that they can only take one home.

How the tide turned on data centres in Europe

Every time we make a call on Zoom, upload a document to the cloud or stream a video, our computers connect to vast warehouses filled with servers to store or access data.

Energy crisis to dominate EU chief's annual speech

Europe's fears of a long winter with scarce energy supplies because of Russia's war in Ukraine are expected to top an annual speech by EU chief Ursula von der Leyen on Wednesday.

Hunger returns to haunt Brazil amid divisive vote

In a small cement house crumbling to ruins in Brazil's parched Sertao region, Maria da Silva, a graying matriarch struggling to feed her family, opens her empty refrigerator and breaks down in sobs.

Crowds gather as queen's coffin to go on display in London

King Charles III leads a procession of the coffin of his mother Queen Elizabeth II through London on Wednesday before hundreds of thousands of people pay their final respects.

Under leaden skies, Queen Elizabeth II's coffin returns to London

Grey skies and rain greeted Queen Elizabeth II's coffin as it was brought back to London on a military transport plane on Tuesday, before Britain says a final farewell to its longest-serving monarch.

Queen leaves Scotland for final time, bound for London

Queen Elizabeth II left Scotland for the final time on Tuesday, as her coffin began its journey to London where crowds of mourners have begun queueing to pay their respects when she lies in state before a state funeral next week.

New president Ruto pledges to work for all Kenyans

William Ruto pledged to work for all Kenyans after he was sworn in as president at a pomp-filled ceremony on Tuesday, five weeks after his narrow victory in a bitterly-fought but largely peaceful election.

Twitter ex-security chief tells US Congress of security concerns

Twitter whistleblower Peiter Zatko told the US Congress on Tuesday that the platform ignored his security concerns, as its shareholders decide whether to approve a $44 billion takeover deal that Elon Musk is trying to exit.

World in 'wrong direction' as climate impacts worsen: UN

Humanity is "going in the wrong direction" on climate change due to its addiction to fossil fuels, the UN said Tuesday in an assessment showing that planet-warming emissions are higher than before the pandemic.

US annual inflation eased in August - but likely not enough

US annual inflation slowed in slightly in August, largely thanks to falling gasoline prices -- but likely not enough to satisfy the Federal Reserve and President Joe Biden, as high prices continue inflicting pain on Americans.

Major UK port set for fresh eight-day strike

Workers at Britain's largest container port, Felixstowe, are to strike for a further eight days, union bosses announced Tuesday, as the country suffers a cost-of-living crisis.

French cinema giant Jean-Luc Godard dies aged 91

Jean-Luc Godard, one of the most influential filmmakers of the 20th century and the father of the French New Wave, died "peacefully at home" on Tuesday aged 91, his family said.

Stocks climb, dollar down before US inflation data

Stock markets rose slightly and the dollar extended recent losses Tuesday with all eyes on the latest US inflation print.

Ruto sworn in as Kenya's president after divisive poll

William Ruto was sworn in as Kenya's fifth post-independence president at a pomp-filled ceremony on Tuesday, after his narrow victory in a bitterly-fought but largely peaceful election.

Serbian LGBTQ community rallies after govt threatens EuroPride

Despite being openly gay, Vedran was never interested in taking part in the annual Pride march in Belgrade. But that changed after the Serbian government threatened to cancel an upcoming pan-European LGBTQ event.

Luxury brands drop Chinese star held for hiring sex workers

Global brands including Prada and Remy Martin have cut ties with Chinese superstar Li Yifeng, after the actor was detained for soliciting sex workers.

'Succession' and 'Squid Game' big winners at television's Emmys

Dysfunctional family saga "Succession" on Monday took top honors for best drama at the Emmys, television's biggest night of the year, as "Squid Game" made history when Lee Jung-jae was named best actor, a first for a non-English-language performer.

William Ruto: Kenya's 'hustler-in-chief' president

Incoming Kenyan president William Ruto has clawed his way to the top as the nation's "hustler-in-chief", playing on his religious faith and humble beginnings selling chickens by the roadside.

Emmys goes glitzy as Hollywood awards are back in person

Television honored its biggest stars in Los Angeles on Monday with a gowns-and-tuxedos Emmys gala, back at full strength for the first time in the age of Covid-19.

Florists prepare for soaring sales ahead of queen's funeral

Flower sales are set to blossom for the state funeral of Queen Elizabeth II next week, as Britons rush to pay respects across the country.

Tokyo stocks open higher tracking US gains

Tokyo stocks opened higher on Tuesday, tracking gains on Wall Street, as investors priced in the expectation of further interest rate hikes to tame inflation.

US inflation likely eased in August -- but not enough

US inflation likely slowed in August, largely thanks to falling gasoline prices, but not enough to satisfy policymakers, especially President Joe Biden, as high prices continue to inflict pain on American families and businesses.

Ukrainians urge US to ramp up support before winter

A group of Ukrainian civil society leaders on Monday called sweeping electricity cuts part of a Russian strategy and urged the United States to ramp up support to maximize recent gains before winter.

Cuba factory that rolled Castro's cigars still strives for 'the perfect puff'

Seated before a machine that checks cigar quality, Orquidea Gonzalez says she is proud to carry on the craft's tradition and contribute to an export industry that has grown during the pandemic.

King Charles III leads queen's coffin procession in Scotland

King Charles III led his three siblings during a sombre procession of Queen Elizabeth II's body through Edinburgh on Monday before the public got their first chance to file past the late monarch's coffin.

The China Mail - Economy (English)