Troubled Burberry exits London’s FTSE 100 index
Revenue slid 22% to £458 million in Burberry’s first quarter, or three months to the end of June. (Reuters pic)
LONDON:…
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Japanese stocks soar as wider markets bounce from brutal selloff
A monitor shows the Nikkei 225 stock index in Tokyo on Monday. (Kyodo News/AP pic)
TOKYO: Japanese stocks jumped at the open…
Bitcoin drops below US$59,000 after worst week since FTX collapse
Bitcoin has been buffeted by a range of factors since hitting US$73,798 in March, including shifting political fortunes in the US.…
Boeing projects 3% hike in plane deliveries over 20 years
Boeing projects the global aircraft fleet to almost double over the next 20 years. (AP pic)
ARLINGTON COUNTY: US planemaker Boeing…
Musk to move companies out of California over transgender law
Tycoon Elon Musk has expressed deep disdain for the use of preferred pronouns. (AP pic)
SAN FRANCISCO: Elon Musk on Tuesday said…
CNN plans to launch paid streaming service, cut 100 jobs
CNN expects to eliminate about 100 jobs out of the 3,500-person global workforce. (AP pic)
NEW YORK: CNN, which has struggled amid…
BMW recalling 394,000 US vehicles over potentially deadly airbag issue
BMW said it was unaware of any crashes or injuries tied to the new recall. (Unsplash pic)
WASHINGTON: German carmaker BMW said on…
Adidas investigating corruption allegations in China
The Financial Times reported that an Adidas China manager received millions in cash, as well as ‘physical items such as real…
Saudi Arabia set to make more than US$11.2bil from Aramco IPO
The sale of Aramco stock will help to fund Crown Prince Mohammed bin Salman’s plan to diversify the Saudi economy. (Aramco…
Saudi Arabia sets new test with US$13.1bil Aramco sale
Saudi Arabia will start taking orders for as much as US$13.1 billion worth of shares in its energy giant Aramco on Sunday. (AP…