BUSINESS

Andrea Rossi, the investment veteran named as chief executive of M&G on Thursday, has ruled out breaking up one of Britain's best-known fund management companies and expects growth despite turbulent markets and a cost-of-living crisis.

Sanctions-hit VTB Bank has urged President Vladimir Putin to curb the activities of Western grain traders in Russia, citing the need to strengthen Russian traders' role in the global market, a letter seen by Reuters shows.

China held a ceremony on Thursday to certify its C919 narrowbody passenger jet, photos on social media showed, representing a major milestone in the country's ambitions to challenge Airbus and Boeing in commercial aerospace.

Anti-war novel banned by Nazis revived through German eyes

VFR.ai is making waves in the industry with their innovative tech that allows for native advertising on CTV (connected TV) devices.

Imagine a future world starved of resources where carmakers have to resort to replacing the metal in your car's roof and hood with cardboard.

Hong Kong's two largest completed IPOs of 2022 worth a combined $1.5 billion closed deep in the red on their market debuts on Thursday, dampening prospects of a recovery in new share sales in the city for the rest of the year.

Initial public offerings by U.S. tech companies have sunk to their lowest levels since the global financial crisis of 2008, as stock market volatility, soaring inflation, and interest rate hikes have soured investor sentiment towards new listings.

Nigeria has failed to capitalise on an oil price boom that has helped cushion other exporters from the impact of inflation, with millions more Nigerians now facing poverty.

China's central bank has asked major state-owned banks to be prepared to sell dollars for the local unit in offshore markets as it steps up efforts to stem the yuan's descent, four sources with knowledge of the matter said.

The criminal group, according to a spokesperson from law enforcement, was led by Hong Moumou, who is notorious for his illegal gambling and fraudulent activities across China.

H&M, the world's No.2 fashion retailer, launched a 2 billion Swedish crown ($177 million) cost savings drive on Thursday after reporting weaker-than-expected profits due to soaring input costs, slowing consumer spending and its exit from Russia.

Porsche AG made its debut on the stock market on Thursday, with a price tag of about 75 billion euros ($72.45 billion) after Volkswagen priced shares at the top end of the range, braving turbulent market conditions.

Once unthinkable, mobile phones could go dark around Europe this winter if power cuts or energy rationing knocks out parts of the mobile networks across the region.

After Pope outreach, Nicaragua's Ortega calls Church a 'dictatorship'

Soaring interest rates are providing investors with attractive alternatives to stocks, complicating the picture for equities in an already-vicious year.

US VP Harris lands in S. Korea after North's missile tests

Coolio, rapper behind hit 'Gangsta's Paradise,' dies at 59

Macron faces strike as French unions flex muscles

Hong Kong confirms November banking summit after ending quarantine

Asian stocks pick up after BoE steps in, but pound rally wanes

Top Rwanda genocide suspect Kabuga goes on trial

A federal judge in New York has frozen the assets of dozens of people and entities accused of operating a massive nationwide scheme to distribute counterfeit bottles of Gilead Sciences Inc HIV drugs

P.F. Chang's now has a subscription service called "Platinum Rewards" for access to exclusive perks like priority reservations, and VIP concierge support.

Stocks ralled Wednesday after England's central bank announced a bond buyback program.

Design startup Penpot secured $8 million in its Series A funding round, a first for a Spanish open-source company.

Power starting to return to Cuba after departure of Hurricane Ian

Exxon Mobil issued a temporary "stand-down" across its U.S.

Sneakerheads are thinking twice before splurging on the newest set of kicks as the rising cost of living takes a toll on consumer spending, setting the stage for a potential slowdown in sales for Nike Inc in coming months.