BEIJING: Chinese e-commerce giant PDD Holdings announced today slower revenue growth for the third quarter running, as the Temu owner…
Year: 2025
Nvidia-Backed CoreWeave Targets Up to $32 Billion Valuation in U.S. IPO
March 20, 2025 – CoreWeave, a cloud services provider backed by Nvidia, is aiming for a valuation of up to…
UK Watchdog Fines London Metal Exchange Over 2022 Nickel Crisis Handling
LONDON, March 20 – The Financial Conduct Authority (FCA), Britain’s financial regulator, has fined the London Metal Exchange (LME) for…
UK Unemployment Rate Holds at 4.4% as BoE Expected to Maintain Interest Rate
Britain’s unemployment rate remained steady at 4.4% in the three months to January, according to data from the Office for…
Indonesian Bank BJB’s $13.4 Million Corruption Scandal Under Investigation
The Corruption Eradication Commission (KPK) has launched a probe into a corruption case involving the Regional Development Bank of West…
IJM Corp’s UK Expansion: Strategic Move or Risky Bet?
IJM Corp Acquires Stake in JRL Group In November 2024, IJM Corporation Bhd (IJM Corp) announced the acquisition of a…
UK to Cut Welfare Payments in Bid to Curb Rising Costs
LONDON (March 18) – Britain’s Labour government is set to announce plans on Tuesday to reduce spending on disability and…
Britain’s energy minister visits China to discuss climate and energy cooperation
BEIJING: UK energy minister Ed Miliband met officials in Beijing today after vowing to press them on China’s emissions as…
Thames Water Secures £3 Billion Debt Lifeline as Appeals Rejected
LONDON: Thames Water, Britain’s biggest water supplier, said on Monday that appeals against its £3 billion (US$3.9 billion) debt lifeline…
Starbucks ordered to pay US$50mil for hot tea spill
LOS ANGELES: Starbucks has been ordered to pay US$50 million to a customer who was burned when hot tea spilled on…