BUSINESS

Chinese gaming and social media giant Tencent Holdings reported virtually no growth in first-quarterly revenue, its worst ever such performance, and also missed market estimates as China's economic slowdown and a freeze on new game licences weighed on its business.

Three banks in China's central Henan province have frozen at least $178 million of deposits, offering scant information on why or for how long, leaving firms unable to pay workers and individuals locked out of savings, depositors told Reuters.

The valuation of Meesho, the Indian e-commerce rival of retail giant Amazon, more than doubled last year to $5 billion, after marquee investors such as SoftBank and Fidelity pumped in hundreds of millions of dollars.

Emerging Asia ex-China bonds witnessed foreign outflows for a second straight month in April, due to higher U.S. yields and concerns over strict coronavirus lockdowns in China.

Two major British pub operators on Wednesday warned that expenses stemming from the Russia-Ukraine war and the cost of living crisis would crimp their profits, suggesting a tough year ahead for an industry still recovering from the pandemic.

Burberry's prospects depend on how quickly its biggest market, China, recovers from COVID-19 lockdowns, the British luxury goods brand said on Wednesday while reporting higher sales and profits for its 2022 financial year.

Albania's Soviet-era sub awaits its fate, refusing to sink

Italy marks 30-year anniversary of murder of anti-mafia judge Falcone

Stellantis chief Carlos Tavares expects India to be a profitable market and a bigger growth opportunity than the carmaker previously expected as it faces challenges in countries such as China and Russia.

Stellantis chief Carlos Tavares expects India to be a profitable market and a bigger growth opportunity than the carmaker previously expected as it faces challenges in countries such as China and Russia.

Japanese conglomerate Sony Group Corp said it is well-positioned to play a leading role in the metaverse, or immersive virtual worlds, which commentators speculate will massively disrupt industries and establish new powerhouses.

US backs Nordic NATO bids, Ukraine tries Russian for war crime

Wall Street stocks tumble following weak results from retailers

Pakistan and IMF to meet over release of funds as economy falters

Kosovo veterans face witness intimidation case verdict

Construction equipment maker Caterpillar Inc believes demand for critical minerals as the clean energy transition gathers pace will translate to solid returns for its mining business, CEO Jim Umpleby said in an interview on Tuesday.

Robot hives in Israel kibbutz hope to keep bees buzzing

Global stocks plunged and the dollar strengthened for the first time in four sessions on Wednesday as concerns about rising inflation on economic growth soured sentiment.

How Tom Cruise survived the end of the star era

Netflix previously revealed that it had lost 200,000 subscribers in the first quarter of 2022.

Japan 1st-quarter GDP shrank as Omicron wave hit

The U.S. dollar edged higher on Wednesday, a day after posting its biggest single-day drop in more than two months after U.S.

Overnight surges left the euro and pound sitting pretty in early Asia helped by good U.K.

The pound and euro on Wednesday held onto most of their gains from the previous day as hopes of easing lockdowns in China and rising retail sales in the U.S.

The U.S. dollar edged higher on Wednesday, on pace to snap a three-session losing streak, as concerns about the outlook for global economic growth and rising inflation knocked sentiment, a day after U.S.

The U.S. dollar bounced back on Wednesday, a day after its biggest daily loss in more than two months, as U.S.

End of the line nears for NASA InSight Mars lander

Netflix trims staff to weather slowing growth

Oil prices fell 2.5% on Wednesday, reversing early gains as traders grew less worried about a supply crunch after government data showed U.S.