Deutsche Bank, which faced stinging criticism from some investors and politicians for its ongoing ties to Russia, said on Friday in a surprise move that it would wind down its business in the country. Deutsche joins the ranks of Goldman Sachs and JPMorgan Chase, which were the first major U.S. banks to exit after Moscow’s […]
Reuters
Tencent Holdings Ltd is facing a potential fine, which could be at least hundreds of millions of yuan, for violating some central bank regulations on its WeChat Pay mobile network, the Wall Street Journal reported on Monday, citing people familiar with the matter. Financial regulators recently found that WeChat Pay had broken China’s anti-money-laundering rules […]
Shares in Telecom Italia (TIM) rose more than 9% on Monday after the phone group said it would start formal talks with KKR to assess more closely the U.S. fund’s potential 10.8 billion euro ($11.8 billion) offer. At the end of a long board meeting on Sunday, TIM also said it would explore a possible […]
China has granted approval to five COVID-19 antigen kits made by local companies to be used for self-testing, state broadcaster CCTV said on Saturday, as it tweaks its testing regime that has been pressured by Omicron. China’s National Medical Products Administration (NMPA) published a notice on Friday saying Beijing Huaketai Biotechnology had been allowed to […]
North Korea used what would be its largest ever intercontinental ballistic missile (ICBM) system in two recent launches, and appears to be restoring some tunnels at its shuttered nuclear test site, U.S. and South Korean officials said on Friday. The reports are the latest to suggest the country may soon follow through on threats to […]
The European Bank for Reconstruction and Development expressed concern about the situation at Ukraine’s Chernobyl nuclear power plant on Friday following its takeover by Russian forces and a problem with its power supply. EBRD concerned about Chernobyl nuclear plant amid Ukrainian warningsLVIV, Ukraine (Reuters) – The European Bank for Reconstruction and Development expressed concern about […]
TikTok is nearing a deal for Oracle Corp to store its U.S. users’ information without its Chinese parent ByteDance having access to it, hoping to address U.S. regulatory concerns over data integrity on the popular short video app, people familiar with the matter said. The agreement would come a year and a half after a […]
Indian vaccine maker Bharat Biotech said on Friday the Russia-Ukraine conflict had not impacted the company’s supply chains so far. Unlike several Western companies including McDonald’s, Microsoft, Coca-Cola and Starbucks that have stopped sales or operations in Russia, no Indian company has publicly withdrawn from the region. A few Indian pharmaceutical companies have a presence […]
Cryptocurrency evangelists are on the defensive amid warnings from U.S. and European lawmakers that digital asset companies are not up to the task of complying with Western sanctions imposed on Russia following the country’s invasion of Ukraine. The criticism has seen the crypto industry scrambling to regain control of the narrative, with many executives frustrated […]
Apple Inc’s low-cost 5G model should enhance the iPhone maker’s appeal in Asia where it is in a stiff battle with multiple rivals from Samsung to Vivo, analysts believe. After focusing on high-end phones during the pandemic-induced supply chain crisis, Apple this week unveiled 5G connectivity to its iPhone SE – for $429 – which […]