BUSINESS

A formal ethics inquiry into Representative George Santos found 'overwhelming evidence' of misconduct

Motion To Boot Out Fabulist US Congressman

A Republican congressman who won office with a glittering but faked resume, then allegedly stole funds for treats including Botox and the OnlyFans porn site, faced a new bid Friday to force his expulsion from the US House of Representatives.
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Hong Kong's Hang Seng Index led Asian losses as market-heavyweight Alibaba was hammered

Tanking Alibaba Drags Hong Kong As Markets Rally Fades

Asian stocks fell Friday as a rally fuelled by the likely end of US interest rate hikes ran out of puff, while Alibaba dragged Hong Kong down after saying it would cancel the planned spinoff of its cloud computing arm.
US President Joe Biden (L) hailed 'constructive and productive' talks with Chinese counterpart Xi Jinping in California

Asian Markets Drop As Rate-hope Rally Loses Steam

Asian markets fell Thursday as investors took a breather and cashed in on a recent rally, though analysts said the outlook was bright, even as data pointed to a soft landing for the world's top economy.

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