Month: September 2024
First France, now South Korea — Telegram’s legal troubles are only growing. Here’s why
Telegram logo displayed on a broken phone screen. Illustration photo taken in Krakow, Poland on August 27, 2024. Nurphoto | Nurphoto | Getty Images Following the recent arrest of its founder in France, Telegram is now facing potential legal troubles in South Korea. The country’s chief police investigator has announced a preliminary investigation into the […]
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Starlink in Brazil’s crosshairs as spat over Elon Musk’s X escalates
Jaap Arriens | Nurphoto | Getty Images Brazil’s telecommunications regulator threatened sanctions against Elon Musk’s satellite internet firm Starlink, as a public confrontation with the billionaire escalates over the country’s decision to block his social media company X. Last week, Brazil’s supreme court ordered a nationwide suspension of X for not appointing a legal representative […]
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Rolls-Royce shares rebound 4.6% after engine issue grounds Cathay Pacific flights
A Cathay Pacific Airbus A350 aircraft at Kingsford Smith Airport on August 18, 2021 in Sydney, Australia. Cathay Pacific Airways Ltd., is the flag carrier of Hong Kong with its main hub being at Hong Kong International Airport. James D. Morgan | Getty Images News | Getty Images Rolls-Royce shares opened higher Tuesday, making up […]
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‘Golden era’ for Hong Kong retail is over as Chinese tourists continue to tighten their purse strings
Tourists from mainland cities enter a Louis Vuitton store at Tsim Sha Tsui on June 5, 2024 in Hong Kong. China News Service | China News Service | Getty Images Hong Kong’s retail sector has languished since the pandemic and analysts say it could be years before it bounces back. The city’s retail sales have […]
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China’s property woes and U.S. sanctions have hit some cities hard
Key Points China’s property struggles and U.S. sanctions have significantly affected some of its cities, even as others benefit from Beijing’s tech push, Milken Institute’s best performing cities China index showed Tuesday. Hangzhou, capital of the eastern Zhejiang province and home to Alibaba and other tech companies, ranked first in this year’s rankings. Other cities, […]
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Why does Couche-Tard want to buy 7-Eleven? It’s a ‘cheap’ stock, says portfolio manager
Participants taste onigiri at a product meeting for 7-Eleven Japan in Tokyo on Jan. 23, 2024. Staff and suppliers gathered to discuss flavors, textures and fillings for the Japanese riceballs, one of 7-Eleven’s most important products, with more than 2 billion sold each year. Noriko Hayashi | Bloomberg | Getty Images Alimentation Couche-Tard’s proposal to […]
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Russia signals its official stance on using nuclear weapons is about to change, accusing the West of ‘escalation’
Russian President Vladimir Putin attends a plenary session of the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 7, 2024. Anton Vaganov | Reuters Russia has again hinted that it’s making changes to its official stance on the use of nuclear weapons, amid Ukraine’s continuing incursion into its Kursk border region. Deputy […]
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Harris says she opposes U.S. Steel’s sale to a Japanese firm during campaign event
Democratic presidential nominee and U.S. Vice President Kamala Harris reacts as she attends a Labor Day campaign event, at IBEW Local Union #5 in Pittsburgh, Pennsylvania, U.S., September 2, 2024. Elizabeth Frantz | Reuters Vice President Kamala Harris used a joint campaign appearance with President Joe Biden in the critical swing state of Pennsylvania on Monday to say that […]
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Venezuela issues arrest warrant for opposition leader Gonzalez, attorney general says
Hundreds of Venezuelan people, following the worldwide call of the “Great World Protest”, gather at Manco Capac square in Lima, Peru on August 17, 2024, to protest recent re-election of Nicolas Maduro in Venezuela. ‘World Rally for the Truth’ a global event organized by opposition leader Maria Corina Machado aims to This rally, follows the […]
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ByteDance taps banks for $9.5 billion Asia dollar corporate loan, Reuters reports
The ByteDance building of Shanghai ByteDance on Dec. 8, 2020, in Shanghai, China. Xing Yun | Costfoto | Barcroft Media | Getty Images TikTok-owner ByteDance is tapping banks for a $9.5 billion loan that would be the biggest dollar-denominated corporate facility in Asia ex-Japan, two sources with knowledge of the matter said on Monday. Citigroup, Goldman Sachs […]
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