BUSINESS

Ancient Afghan Buddhist city threatened by Chinese copper mine

Oil prices tumble on recession fears as equities decline

Asian stocks slipped across the board on Wednesday, failing to extend Wall Street's rally as persistent worries about interest rates and inflation remained a key focus for investors, while the Japanese yen hit a fresh 24-year low against the dollar.

Saudi prince visits Turkey for talks clouded by Khashoggi murder

Peugeot, one of Stellantis' French brands, unveiled its new 408 model on Wednesday, betting the "fastback" sedan will attract motorists suffering from sports-utility vehicle (SUV) fatigue.

The dollar fell on Wednesday as U.S. Treasury yields slid on fears the U.S.

The dollar eased against the euro and yen on Wednesday as concerns mounted that interest rate hikes by major central banks to contain inflation run the risk of inducing a sharp global slowdown or recession.

The euro and sterling fell on Wednesday as investors turned to the safe haven dollar as part of a move away from riskier assets which also saw a stock market rally fizzle out, and after data showed British consumer price inflation hit a new 40-year high.

Australia's biggest state on Wednesday cleared casino operator Crown Resorts Ltd to take bets at a A$2.2 billion ($1.5 billion) Sydney casino, a breakthrough after a years-long money-laundering scandal crippled its growth plans.

Oil prices tumbled on Wednesday as U.S. President Joe Biden intensified his efforts to cut fuel costs for drivers and as Wall Street slid on fears that rate hikes by the Federal Reserve could push the U.S.

Oil prices skidded in early trade on Wednesday amid a push by U.S.

'I doubted I'd ever return,' says Serena after winning comeback

The Federal Reserve will deliver another 75-basis-point interest rate hike in July, followed by a half-percentage-point rise in September, and won't scale back to quarter-percentage-point moves until November at the earliest, according to economists polled by Reuters.

Ant Group was spun off from Alibaba Group Holding 11 years ago but the two Jack Ma-founded companies had continued to collaborate closely, and even function as one company in some aspects, to maximise their competitive advantage.

Ant Group and Alibaba are untangling their operations from each other and independently seeking new business as the Jack Ma-founded companies navigate China's devastating regulatory crackdown, four sources familiar with the matter said.

Private equity firm TPG Inc agreed to acquire all the outstanding shares of Convey Health Solutions Holdings it does not already own, in an all-cash transaction announced on Tuesday.

Franchise Group, the preferred bidder to acquire Kohl's, is in discussions to keep the retailer's top management team, including CEO Michelle Gass, if the planned sale is finalized, three sources familiar with the matter said.

Kellogg Co's plan to spin off and potentially sell its profitable MorningStar Farms vegetarian patties and plant-based meat business could shake up the frozen aisle in grocery stores.

Long wait over as US vaccinates youngest against Covid

U.S. Treasury Secretary Janet Yellen said on Tuesday the department's new Office of Tribal and Native Affairs will to try to address chronic tax and financing inequities faced by tribes, but will need Congress to sustain it beyond the Biden administration.

Italy's government hit by Five Star party split

A group of drivers for Uber Technologies Inc and Lyft Inc on Tuesday accused the companies of unfairly controlling how much passengers are charged for rides in an antitrust lawsuit in California state court.

Facebook agrees to safeguards in ad discrimination case

Uber announced on Tuesday that it is bringing back its shared rides “UberX Share” in a select number of major cities.

White House says concerned about recession but US economy strong

US calls Russia's threat against captured Americans 'appalling'

Japanese tennis player Naomi Osaka is launching a new media company in partnership with four-times NBA champion LeBron James aimed at telling stories that cross cultural barriers, the former world number one announced on Tuesday.

U.S. Democrats said on Tuesday they were hopeful of reaching a $52 billion bipartisan deal to subsidize U.S.

Blockchain-based payments company Roxe Holdings Inc is nearing a deal to go public through a merger with blank check company Goldenstone Acquisition Ltd at a combined valuation of $3.65 billion, according to people familiar with the matter.