World
Chinese ride-hailing giant Didi surges 50% after report that regulators are ending probes
Budrul Chukrut | LightRocket | Getty Images Shares of Chinese ride-hailing giant Didi surged more than 50% in pre-market trade in the U.S. on Monday after the Wall Street Journal reported that regulators are concluding investigations into the company. The WSJ report said authorities would lift a ban on Didi adding new users as early […]
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Google ordered to pay Australian politician over defamatory YouTube videos
The logo of Google is seen on a building at La Defense business and financial district in Courbevoie near Paris, France, September 1, 2020. Charles Platiau | Reuters An Australian court on Monday ordered Google to pay a former lawmaker A$715,000 ($515,000), saying its refusal to remove a YouTuber’s “relentless, racist, vilificatory, abusive and defamatory” […]
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Singapore names new deputy prime minister in cabinet reshuffle
Singapore’s Finance Minister Lawrence Wong will be promoted to deputy prime minister, in a cabinet reshuffle announced on June 6. Roslan Rahman | AFP | Getty Images SINGAPORE — Singapore’s Prime Minister Lee Hsien Loong has named Finance Minister Lawrence Wong as deputy prime minister in a cabinet reshuffle that will take effect next Monday. […]
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Hong Kong’s Hang Seng index surges nearly 3% in mixed Asia-Pacific trading
SINGAPORE — Shares in Asia-Pacific were mixed on Monday, with Chinese stocks leading gains regionally as tech stocks in Hong Kong surged. Hong Kong’s broader Hang Seng index closed 2.71% higher at 21,653.90. Shares of Chinese tech firms in Hong Kong soared following a Wall Street Journal report that regulators in China are concluding probes […]
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UK Prime Minister Boris Johnson to face vote of confidence on Monday
Johnson is set to be fined by police for breaching Covid-19 lockdown regulations. Wpa Pool | Getty Images News | Getty Images The U.K.’s Prime Minister Boris Johnson will face a vote of confidence later on Monday amid increasing dissatisfaction in his leadership. To trigger a vote of confidence, 15% of Conservative lawmakers (or 54 […]
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Elliott Associates sues LME for $456 mln over nickel trading halt: HKEX
LEON NEAL | AFP | Getty Images Fund manager Elliott Associates has sued London Metal Exchange (LME) for $456 million following the suspension and cancellation of nickel trades on the platform owned by Hong Kong Exchanges and Clearing Ltd, the Hong Kong bourse said on Monday. LME and LME Clear Limited have been named as […]
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India’s ruling party suspends BJP official over comments about Islam
India’s Bharatiya Janata Party’s spokeswoman Nupur Sharma has been suspended in response to comments she made during a TV debate about the Prophet Mohammed. Hindustan Times | Hindustan Times | Getty Images India’s ruling Bharatiya Janata Party (BJP) said on Sunday it had suspended BJP spokeswoman Nupur Sharma in response to comments she made during […]
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Crypto enthusiasts want to remake the internet with ‘Web3.’ Here’s what that means
Some crypto enthusiasts want a new kind of internet that yanks power away from Big Tech and hands it to people. Can they succeed? Remember AOL chatrooms and downloading songs through Napster? The internet has come a long way.Today, it’s dominated by Meta, Google and a handful of other tech giants whose services have made […]
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Australia’s prime minister in Indonesia for talks on investment, climate change
Australian Prime Minister Anthony Albanese speaks to media on June 5, 2022. Australian Prime Minister Anthony Albanese was in Indonesia on Monday to meet its President Joko Widodo and shore-up relations between the two neighbors, in his first bilateral visit since being elected last month. Matt Jelonek | Getty Images News | Getty Images Australian […]
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Left out of the Indo-Pacific deal, China pushes toward the world’s largest trade deal
U.S. President Joe Biden, India’s Prime Minister Narendra Modi and Japan’s Prime Minister Fumio Kishida attend the Indo-Pacific Economic Framework for Prosperity (IPEF) launch event at Izumi Garden Gallery in Tokyo, Japan, May 23, 2022. Jonathan Ernst | Reuters Amid the fanfare of U.S. President Joe Biden’s new Indo-Pacific strategy, China flew under the radar and […]
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