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Category: Business News

20Jan

Brazil court orders asset freeze of tycoon Nelson Tanure in Banco Master probe

Sao Paulo: Brazil's Supreme Court Justice Dias Toffoli has allowed a prosecutor's request for banks to freeze assets belonging to Brazilian entrepreneur Nelson Tanure due to an investigation into lender…
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20Jan

Revolut applies for full banking license in Peru

Britain's Revolut said on Monday it has applied for a full banking license in Peru, marking the global fintech firm's fifth market expansion in Latin America. The $75 billion company…
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20Jan

Valentino, Italian fashion legend, dies at 93

Valentino, the Italian fashion designer who built one of the country's most celebrated luxury houses and was known in the industry as "the emperor", died on Monday at his home…
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20Jan

China curbs ‘flash boys’ access to exchange data, sources say

China's securities regulator has asked brokers to remove client-dedicated servers from data centers in local exchanges, a move that will deprive rapid-trading "flash boys" of an edge against other investors,…
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20Jan

Tesla gains early edge as Canada scraps tariffs on Chinese EVs

Beijing/Shanghai: Tesla is poised to be one of the first automakers to benefit from Canada's move to remove 100% tariffs on Chinese-made EVs, thanks to its early efforts to ship…
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20Jan

UK watchdog accuses Meta of allowing illegal casino ads on Facebook and Instagram

London: Britain's Gambling Commission said on Monday that Meta Platforms, the owner of Facebook and Instagram, was turning a blind eye to illegal online casinos advertising on its sites, indicating…
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20Jan

U.S. safety agency probes GM recall over engine failures in 597,000 vehicles

The U.S. National Highway Traffic Safety Administration said on Monday it opened a recall query into about 597,571 vehicles from General Motors over engine failure. The recall affects GM vehicles…
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19Jan

Global billionaire wealth hits record high, fuelling inequality, says Oxfam

Billionaire wealth surged at three times its recent pace last year to reach its highest level on record, deepening economic and political divides that threaten democratic stability, anti-poverty group ​Oxfam…
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19Jan

Trump threatens tariffs on Europe over Greenland purchase bid

Washington: President Donald Trump on Saturday vowed to implement a wave of increasing tariffs on European allies until the United States is allowed to buy Greenland, escalating a row over…
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19Jan

Powerchip shares jump 10% as Micron buys fab plant

Taipei: Shares of Taiwan's Powerchip Semiconductor Manufacturing ‌Corp rose nearly 10% on Monday, after U.S. memory chipmaker Micron Technology said it would buy a fabrication plant from the company. Micron…
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