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World Economy News: World Finance News, Global Financial Markets

World

TikTok Plans Legal Battle as US Senate Passes Divest-or-Ban Bill

Experts say that if a sale of TikTok does go through, it would be one of the most complicated and…

19 hours ago

Tesla Profit Plunges, But Stock Jumps on Vow of ‘Affordable’ Cars

Shares jump 12% on news Tesla will make 'more affordable' EVs on its manufacturing lines, despite its first-quarter profit plunging…

19 hours ago

US Call for 3 Years Jail for Binance Founder Changpeng Zhao

Prosecutors say Zhao, who faces sentencing in a Seattle court next week, should serve 36 months in jail for serious…

23 hours ago

PwC Probed For ‘Enabling Evergrande Misconduct For Years’

PricewaterhouseCoopers, one of the Big Four auditors, had been Evergrande’s auditor since 2009, when the developer listed in Hong Kong

2 days ago

Huawei Takes Another Bite Out of Apple’s Market Share in China

Huawei looks set to become the No-1 smartphone seller in China this year, backed by the launch of its new…

2 days ago

US May Sanction Chinese Banks Helping Russian War — WSJ

Secretary of State Antony Blinken is set to fly to Beijing to outline this threat in a bid to stop…

2 days ago

China Researchers Got Banned Nvidia Chips Via Server Products

Chinese entities bought advanced Nvidia chips embedded in server products made by Super Micro, Dell and Taiwan's Gigabyte Technology after…

2 days ago

Shares of China EV Firms Slump as Tesla Sparks Fresh Price War

Chinese electric vehicle-makers have rushed to take on Tesla, despite increasing competition, slowing demand and looming oversupply

3 days ago

Huawei’s China-Made 7nm Chip ‘Years Behind US’, Raimondo Says

Raimondo’s views come at a time when Huawei's revelation of a new AI-enabled laptop, powered by Intel's new Core Ultra…

3 days ago

India Seen Overhauling Japan as World’s No4 Economy – Nikkei

According to the IMF, India is also expected to overtake Germany to become the world's third-largest economic power by 2027

3 days ago

Mayors of Big Global Cities Calling for Urban Climate Finance

Officials from some of the world's biggest cities are in Washington to lobby for better access to capital, to help…

6 days ago

Trade War Heating Up: China Hits Back After Biden Boosts Tariffs

China announces "anti-dumping penalties" on imports of a US chemical and orders Apple to cut WhatsApp and other messaging apps.…

6 days ago