Lifestyle
Temu’s billionaire founder becomes China’s richest person
After several moderately successful ventures in gaming and e-commerce, Colin Huang got sick and retired. At one point, the young entrepreneur stayed home for a year thinking about his...
Ex-Twitter chairman sues Elon Musk’s X for US$20 million in shares
FORMER Twitter Chairman Omid Kordestani sued the social media company, claiming that billionaire owner Elon Musk is refusing to cash out more than US$20 million worth of shares he...
Kirin-backed Indian brewer seeks more clout with new factory
AN Indian craft brewer backed by Japan’s Kirin Holdings wants to overtake entrenched global brands by building a US$70 million beer factory and raising fresh funds ahead of a...
Gold holds ground on US Fed rate-cut hopes, lower yields
GOLD prices held steady on Friday (Aug 9) after a sharp rise in the previous session, bolstered by a dip in US Treasury yields, as investors grew confident that...
US: S&P 500 ends up, little changed for week after Monday’s steep selloff
THE S&P 500 ended higher on Friday (Aug 9) and was little changed for the week after regaining almost all of its losses from Monday’s steep dive that was...
US dollar dips as yen heads for first weekly drop in six
THE US dollar was off a one-week high against other major currencies on Friday (Aug 9), capping off a turbulent few days as traders digested a drop in US...
Abu Dhabi will acquire a minority stake in Sotheby’s auction house
ADQ, Abu Dhabi’s sovereign wealth fund, has signed a definitive agreement to acquire a minority interest in Sotheby’s, the auction house announced. Its owner, the telecom billionaire Patrick Drahi,...
China central bank studies plan to narrow rate corridor, warns on bond risks
CHINA’S central bank said it’s studying a plan to narrow the range within which market interest rates can fluctuate, with policymakers on alert for risks building in the bond...
