Apple should ultimately bear responsibility for losses arising from more than 700 unauthorised credit card transactions in Hong Kong, Election Committee sector legislator Johnny Ng Kit-chong has said, as questions mount over
Cybercriminals have stolen personal data on more than 8,000 children attending nurseries in London run by childcare provider Kido International, according to claims posted by the hacking group Radiant on its dark
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TikTok’s Chinese parent company, ByteDance Ltd., is expected to receive about half of the profits from the platform’s U.S. operations even after selling majority ownership to American investors, according to people familiar
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The cryptocurrency market experienced a significant downturn this week, with major tokens losing approximately $300 billion in value. This decline was primarily driven by the unwinding of leveraged positions and a noticeable
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Foreign investors are buying U.S. equities at record levels, even as Washington’s trade policies and global political tensions dampen sentiment toward other American products. According to Federal Reserve data reported by Bloomberg,
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China’s solar power expansion slowed sharply in August, with new installations falling to their lowest level in nearly three years, according to Bloomberg, citing data from the National Energy Administration (NEA). The
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Singapore-based hedge fund manager Jimmy Lim will stop running money for Millennium Management LLC after more than eight years, people familiar with the matter told Bloomberg. By mutual agreement, Lim’s Modular Asset
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The leasing arms of at least two major Chinese banks are in discussions with regulators about converting shipping leases into mortgages, as Beijing braces for new U.S. fees that could challenge China’s
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Ares Management Corp. is ramping up fundraising for digital infrastructure, aiming to capture the surge of capital flowing into data centers as artificial intelligence fuels a global build-out, Bloomberg reported, citing an
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NDB Bank reaffirmed its commitment to supporting Sri Lanka’s exporters by hosting a successful Exporter Forum in Kandy, bringing together exporters, business leaders, and key stakeholders to share insights and explore strategies
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A unit of China’s sovereign wealth fund has booked more than $50 billion in paper gains from heavy buying of local exchange-traded funds, underscoring the scale of Beijing’s efforts to prop up
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Freeport-McMoRan Inc. declared force majeure at its Grasberg mine in Indonesia after a massive mud flow left two employees dead and five missing, sending shockwaves through the global copper market. The mine,
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The world’s maritime transport sector, which carries more than 80 percent of global trade, is facing mounting pressures as growth slows, freight rates remain volatile, and geopolitical tensions reshape shipping routes. According
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HSBC Sri Lanka has agreed to sell its retail banking business to Nations Trust Bank PLC (NTB) in a landmark deal valued at LKR 18 billion. The transaction, announced today, includes HSBC’s
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Tether Holdings SA, issuer of the world’s largest stablecoin, is in discussions with investors to raise as much as $20 billion through a private placement, Bloomberg reported, citing people familiar with the
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Migrant worker outflows from Asia dropped 7% in 2024 to around 6.5 million, marking the first decline since the pandemic year of 2020, according to Nikkei, citing the “Labor Migration in Asia”
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