Russian private lender Sovcombank has applied to the U.S. Treasury for a licence to make membership payments to a United Nations climate funding programme while its activities are blocked by U.S. sanctions, a senior bank executive told Reuters.
Apple saw a decline in the number of smartphones sold during China’s recent Singles Day shopping festival, data from Counterpoint Research showed, lagging domestic rivals Huawei and Xiaomi which recorded robust increases.
Activist hedge fund TCI Fund Management has opened an office in Abu Dhabi, led by global head of investor relations Bronwyn Owen, following in the footsteps of several asset managers to set up shop in the United Arab Emirates this year.
Ahead of OpenAI CEO Sam Altman’s four days in exile, several staff researchers wrote a letter to the board of directors warning of a powerful artificial intelligence discovery that they said could threaten humanity, two people familiar with the matter told Reuters.
From Zimbabwe’s capital Harare to Quito in Ecuador, green bills circulating on the streets and in shops with images of U.S. presidents reflect a big choice that has been made: picking the dollar over the local currency to bring economic stability.
Amazon is set to win unconditional EU antitrust approval for its $1.4 billion acquisition of robot vacuum maker iRobot , three people familiar with the matter said on Thursday.
Czech gunmaker Colt CZ Group has made a cash-and-stock merger offer to Vista Outdoor , valuing the U.S. sporting and outdoor goods group’s shares at a 16% premium.
China’s Zhongzhi Enterprise Group, a leading wealth manager, told investors it is heavily insolvent with up to $64 billion in liabilities, threatening to reignite concerns that the country’s property debt crisis is spilling over into the broader financial sector.
French President Emmanuel Macron will on Thursday inaugurate a 2.1 billion euro ($2.3 billion) investment by Danish pharmaceutical company Novo Nordisk in France, his office said, pitching it as a sign of newly restored French industrial competitiveness.
Origin Energy’s top shareholder said on Thursday it would reject a complex new offer by a Brookfield-led consortium to buy Australia’s biggest energy retailer made after it became clear investors would vote down an earlier $10.6 billion bid.
