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Beijing broadens digital yuan use in payments and trade
Beijing broadens digital yuan use in payments and trade

BEIJING, China: China is stepping up efforts to expand the use of its digital yuan both domestically and internationally, according...

Ex-head of Shaolin Temple gets 24 years jail for embezzlement, bribery
Ex-head of Shaolin Temple gets 24 years jail for embezzlement, bribery

BEIJING, China: Shi Yongxin, the former abbot of China's Shaolin Temple, was sentenced to 24 years in prison for crimes such as embezzlement...

Temu hit with massive EU fine over hazardous goods
Temu hit with massive EU fine over hazardous goods

LONDON, UK: Chinese online retailer Temu has been fined 200 million euros (US$232 million) by the European Union after regulators found...

Rescuers find five people trapped in Laos cave, two still missing
Rescuers find five people trapped in Laos cave, two still missing

VIENTIANE, Laos: Five people who were trapped inside a cave in Laos for about a week were found alive on May 27. Rescue teams from...

Hong Kong becomes world’s largest offshore wealth center
Hong Kong becomes world’s largest offshore wealth center

ZURICH/HONG KONG: Hong Kong has surpassed Switzerland to become the world's largest center for cross-border wealth management, driven...

China promises full inquiry into mining disaster that killed 82
China promises full inquiry into mining disaster that killed 82

BEIJING, China:  An early investigation into China's worst mining disaster in more than 15 years has found hidden tunnels, missing...

Business

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Crude prices surge on Hormuz blockade concerns and tensions
Crude prices surge on Hormuz blockade concerns and tensions

NEW YORK CITY, New York: Oil prices surged by about $5 a barrel on June 1 as fears of further disruptions to global energy supplies...

AI startup Anthropic takes first step toward public listing
AI startup Anthropic takes first step toward public listing

SAN FRANCISCO, California: Artificial intelligence company Anthropic has confidentially filed for a U.S. initial public offering, becoming...

Nasdaq Composite edges up 114 points in cautious start to week
Nasdaq Composite edges up 114 points in cautious start to week

NEW YORK, New York - Major U.S. stock markets closed on a cautious but positive note on Monday, with technology shares powering the...

UMG board says Ackman offer undervalues company
UMG board says Ackman offer undervalues company

AMSTERDAM, Netherlands: Universal Music Group has rejected an unsolicited takeover proposal from billionaire investor Bill Ackman's...

Pizza Hut sale discussions advance with private equity firm
Pizza Hut sale discussions advance with private equity firm

LOUISVILLE, Kentucky: Yum Brands is in exclusive negotiations to sell its Pizza Hut business to private-equity firm LongRange Capital,...

Microsoft, Nvidia to unveil Arm-based Windows computers
Microsoft, Nvidia to unveil Arm-based Windows computers

SAN FRANCISCO, California: Microsoft and Nvidia are expected to unveil the first Windows personal computers powered by Nvidia-designed...

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