Malaysia handed back $156m in stolen 1MDB funds, US embassy says | Corruption
US ambassador says returned assets can be used for original purpose of bettering the lives of everyday Malaysians. Malaysia has been handed back $156m in…
‘I love you guys!’: Elon Musk lands $44.9bn pay deal after Tesla vote | Technology
Musk hails ‘awesome shareholder base’ after vote to restore compensation deal rejected by US judge. Elon Musk has won back his $44.9bn pay package at…
G7 leaders agree to $50bn loan for Ukraine at annual summit | Business and Economy News
G7 nations have agreed upon a $50bn deal to fund Ukraine through profits on frozen Russian assets, Italian Prime Minister Giorgia Meloni has said. “I…
How can Europe become more competitive? | Business and Economy
Dubbed a ‘competitiveness crisis’, the EU’s investment, income and productivity are lagging behind the US and China. Struggling with slow growth, weak productivity and changing…
‘Meloni wants to present Italy as the new European face in Africa’ | Business and Economy News
Bari, Italy – Africa is set to be high on Italy’s agenda this year at the Group of Seven (G7) leaders’ meeting, as Prime Minister…
X starts hiding ‘likes’ on users’ posts | Social Media
Social media platform says change will better protect users’ privacy. X, formerly Twitter, is no longer letting users see which posts other users have liked.…
US expands Russia sanctions, targeting entities in China, UAE and Turkey | Russia-Ukraine war
Washington’s latest sanctions announcement comes as US President Joe Biden attends the G7 summit in Italy. The United States has rolled out new sanctions against…
Former SpaceX workers file suit alleging harassment, wrongful termination | Technology
Eight former engineers accuse CEO Elon Musk of overseeing a ‘pervasively sexist culture’ at the rocket company. Eight former SpaceX engineers have filed a lawsuit…
UK’s Starmer says ‘wealth creation’ top priority in pitch to voters | Business and Economy News
Labour Party leader rules out any rise in income tax, for national insurance or VAT. The UK’s opposition leader Keir Starmer has pledged to make…
UK economy flatlined over April as retail sales were hit by wet weather
APRIL showers hit the economy hard, with retail sales a complete washout and growth flatlining. Official figures released yesterday show there was zero growth in…
How can Europe become more competitive? | Business and Economy
Dubbed a ‘competitiveness crisis’, the EU’s investment, income and productivity are lagging behind the US and China. Struggling with slow growth, weak productivity and changing…
Johnson & Johnson to pay $700m to settle claims it misled consumers | Health
Pharmaceutical giant’s payout settles allegations it misled consumers about safety of its talcum-based powder products. Johnson & Johnson has agreed to pay $700m to settle…
Elon Musk drops lawsuit accusing OpenAI of betraying founding mission | Technology
Musk had accused start-up of setting ‘aflame’ the founding agreement to develop AI for the good of humanity. Elon Musk has dropped his lawsuit accusing…
Malaysia’s Mahathir denies corruption, says most of his money ‘now gone’ | Corruption
Malaysia’s former Prime Minister Mahathir Mohamad has denied engaging in corruption, saying he earned his money from his salary during his decades-long political career and…
‘The future is dark’: Inside the Brazilian businesses shattered by floods | Floods News
Rambo’s store is one of around 45,000 businesses in the state capital that have been impacted by these devastating floods. Porto Alegre’s Chamber of Store…
New Zealand scraps ‘burp tax’ on livestock after backlash from farmers | Agriculture News
Centre-right coalition gov’t says it will focus on ‘practical tools and technology’ to reduce agricultural emissions. New Zealand has scrapped plans for a so-called “burp…
Banana giant must compensate victims of Colombian paramilitary: US court | Business and Economy News
Surviving family members awarded $38.3m after Chiquita found liable for funding armed group that killed their relatives. A court in the United States has ordered…
Singapore Airlines offers compensation to passengers hurt by turbulence | Aviation
Airline offers $10,000 to passengers with minor injuries, invites seriously hurt to discuss compensation offer. Singapore Airlines has offered monetary compensation to passengers who were…
US stock market hits new record ahead of interest rates decision | Financial Markets
S&P 500 gains 0.3 percent ahead of US Federal Reserve’s latest decision on interest rates. The US stock market has hit record highs ahead of…
Onion exports: How Pakistan briefly won at India’s cost in unlikely matchup | Business and Economy News
Islamabad, Pakistan – Pakistani onion farmers and exporters are celebrating a windfall due to an unprecedented surge in exports over the past few months, an…