Business

One out of three Lebanese poverty-stricken: World Bank

BEIRUT, May 23, 2024 (AFP) - A third of Lebanese people are impoverished with poverty rates tripling in a decade,…

OpenAI disbands team devoted to artificial intelligence risks

SAN FRANCISCO, May 18, 2024 (AFP) - OpenAI on Friday confirmed that it has disbanded a team devoted to mitigating…

Japan’s Q1 GDP shrinks more than expected, raising recession fears

  TOKYO, May 16, 2024 (AFP) - Japan's economy contracted by a worse-than-expected 0.5 percent in the first three months…

US sharply hikes tariffs on Chinese EVs and chips

By Beiyi SEOW, Danny KEMP WASHINGTON, May 14, 2024 (AFP) - US President Joe Biden took aim at China on…

Asia’s first spot bitcoin, ether ETFs start trading in Hong Kong

HONG KONG, April 30, 2024 (AFP) - Hong Kong on Tuesday launched trading of Asia's first spot bitcoin and ether…

Nestle denies ‘double standard’ on baby food in poorer countries

ZURICH (AFP) - Nestle denied Thursday that it was applying any "double standard" after an NGO accused the Swiss food…

Tesla CEO Elon Musk in China for talks

By Peter CATTERALL BEIJING, April 28, 2024 (AFP) - Tech billionaire and Tesla CEO Elon Musk was in China for…

Vietnam tycoon appeals against $27 bn fraud death sentence

HANOI, April 26, 2024 (AFP) - A top Vietnamese property tycoon sentenced to death in a $27 billion fraud case…

Malaysian airline mogul Fernandes delays retirement

KUALA LUMPUR (AFP) - Malaysia's Tony Fernandes, one of Asia's most prominent entrepreneurs, has decided to extend his contract as…

US economic growth slows significantly in first quarter

By Beiyi SEOW WASHINGTON, April 25, 2024 (AFP) - The US economy cooled markedly in the first three months this…

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