Japan's SBI Holdings will acquire full control of crypto exchange Bitbank for 46.7 billion yen ($289 million) by October, pending regulatory clearance. This deal, combining Bitbank with SBI VC Trade, is set to create the country's largest crypto exchange by assets under custody and expand SBI's digital asset ecosystem.
Jaguar Land Rover (JLR) may face delays in electric car battery deliveries from the Agratas gigafactory in Somerset, UK, due to construction problems. Agratas terminated its main contractor, Sir Robert McAlpine, and replaced it with Tonroe Group Ltd, pushing the start date further back from an already delayed January 2028 target.
Six multinational construction equipment firms, including Caterpillar and Volvo, face allegations of aiding war crimes by supplying excavators to Israel. Verified images show Israeli military using their equipment to demolish villages in south Lebanon, prompting calls for companies to halt supplies.
Xi'an UniIC, a Chinese DRAM manufacturer, is nearing its public listing in Beijing after completing its IPO tutoring phase. This move follows its rival CXMT's massive listing approval and reflects a broader trend of Chinese memory chipmakers seeking capital to capitalize on the AI-driven global demand for memory products.
Protests in Southampton, UK, turned violent after the murder of 18-year-old Henry Nowak. Demonstrators clashed with police, hurling objects. The incident follows the conviction of Vickrum Digwa for Nowak's murder. Far-right activist Tommy Robinson and politician Nigel Farage addressed the crowd, while PM Keir Starmer criticized Farage's divisive comments.
Protests in Southampton, UK, turned violent as hundreds gathered over the murder of 18-year-old Henry Nowak. Demonstrators clashed with police, chanting Nowak's name. The case involves Vickrum Digwa, found guilty of murder, who falsely claimed a racist attack.
Protests in Southampton, UK, turned violent as hundreds gathered over the murder of Henry Nowak. Anger over the conviction of Vickrum Digwa, who falsely claimed a racist attack, led to clashes with police.
Two Hong Kong media groups and Kazakhstan's Khabar Agency signed an MOU to promote 'accurate narratives' and facilitate journalist exchanges. The South China Morning Post also partnered with Kazakhstan's special financial zone to boost ties.
The Enforcement Directorate (ED) conducted searches against Vedanta Group on Monday as part of an investigation under the Foreign Exchange Management Act (FEMA). The mining conglomerate, promoted by Anil Agarwal, is cooperating with the authorities.
Shinsegae executive Chung apologized for a tumbler promotion that coincided with the Gwangju Democratic Uprising commemoration, drawing criticism for its perceived insensitivity and references to past human rights abuses.
Cash holdings at traditional industry companies listed in Hong Kong and Shanghai have increased, contrasting with tech firms investing in AI. Companies are deploying capital towards buy-backs and dividends due to subdued confidence and weak investment appetite.
Starbucks Korea's head was fired after a "Tank Day" promotion sparked outrage in South Korea, where it evoked memories of military crackdowns on pro-democracy protesters.
Warren Buffett's Berkshire Hathaway likely made a "tiny purchase" of Macy's stock in Q1, a filing revealed. The $55 million stake fits Buffett's description, unlike a larger Delta Air Lines investment. Buffett remains involved in investments despite stepping down as CEO.
Phu Quoc's US$5.2 billion summit project, including airport overhaul and infrastructure, faces significant delays 18 months before the November 2027 event. Shortages of workers, materials, and unfinished construction plague the development.
Guy Bradley, 60, succeeds Patrick Healy as chairman of Cathay Pacific Airways and Swire Coca-Cola, focusing on enhancing performance and Hong Kong's aviation hub status.
CK Hutchison Holdings’ shares climbed to their highest level since 2020 after the conglomerate announced plans to exit the UK mobile market, signalling that investors believe the Li family may once again have timed an industry peak before the broader market. Shares rose about 12 per cent to HK$73.30 on Monday from the May 5 close, after the company said it would sell its 49 per cent stake in VodafoneThree for US$5.8 billion. CK Hutchison said the disposal was expected to generate a gain of about...
Allen, a media entrepreneur, to replace founder Jonah Peretti as chief executive with ‘significant’ cost cuts to comeBuzzFeed, the digital media pioneer that was once valued as high as $1.7bn amid a private equity-funded wave of interest in websites that generated massive amounts of online traffic in the 2010s, has finally changed hands for $120m.On Monday, the company announced that a controlling stake in the company has been sold to media entrepreneur Byron Allen. Allen, who often makes large, sometimes unsolicited bids for media companies, is also an on-screen personality in addition to controlling his Allen Media Group conglomerate, which owns networks including The Weather Channel. Allen’s show, Comics Unleashed, will replace the Late Show with Stephen Colbert on CBS’s schedule starting later this month. Continue reading...
Secretary of State Marco Rubio has defended the Trump administration's decision to impose new sanctions on Cuba
Hong Kong conglomerate CK Hutchison agrees to sell 49% stake as it attempts to reshape its portfolioBusiness live – latest updatesVodafone is to take full control of the UK’s biggest mobile operator in a £4.3bn buyout deal with the Hong Kong conglomerate CK Hutchison.Billionaire Li Ka-shing’s business said it had agreed to sell its 49% stake in VodafoneThree – a network with more than 27 million subscribers – to its partner Vodafone. Continue reading...
Ruter, Oslo's public transport authority, conducted cybersecurity tests on Chinese-made Yutong electric buses inside a decommissioned mineshaft, discovering the vehicles could be remotely deactivated and that the Chinese supplier maintained remote access for software updates. This experiment catalyzed EU-China regulatory tensions, with the EU elevating what it calls 'systemic rivalry' with China amid fears that conflicting rules expose companies to impossible compliance situations.
In his first annual meeting as CEO, Greg Abel signaled a cautious approach to AI, stating Berkshire Hathaway will only adopt the technology where it provides clear, additive value. Meanwhile, Warren Buffett expressed full confidence in Abel's leadership.
Stellantis reported first-quarter 2026 adjusted operating income of 960 million euros, a 194% increase from 327 million euros a year ago, beating analyst consensus of 568 million euros. Net revenues rose 6% to 38.1 billion euros, and the company swung to a net profit of 377 million euros versus a loss of 387 million euros in Q1 2025. Despite the strong results, Milan-listed shares fell as much as 10% before paring losses to around 7% down, as investors questioned whether the momentum can be sustained with 10 new vehicles planned for 2026.
Stellantis reported Q1 2026 adjusted operating income of 960 million euros, up 194% year-over-year and beating analyst expectations of 568 million euros. Net profit reached 377 million euros versus a loss of 387 million euros in Q1 2025, with net revenues rising 6% to 38.1 billion euros. Despite the strong results, Milan-listed shares fell more than 10% during early morning trading.
Stellantis reported Q1 2026 adjusted operating income of 960M euros, a 194% increase year-on-year, beating analyst consensus of 568M euros. Net revenues rose 6% to 38.1B euros, while net profit turned positive at 377M euros versus a loss of 387M euros in Q1 2025. Milan-listed shares fell over 7% triggering an automatic trading halt.
