European Union regulators had in July opened an antitrust investigation into Microsoft’s bundling of Teams with other Office products, citing anti-competitive concerns.
China says drop in trade with the U.S. is ‘a direct consequence of U.S. moves’
China’s ambassador to the U.S., Xie Feng, has blamed U.S. tariffs and export controls for a drop in trade between the two countries.
Buy now, pay later firm Klarna cuts losses in first half but fails to post profit
Swedish buy now, pay later firm Klarna reduced losses by roughly 67% in the first half of 2023, as it cut costs dramatically in a bid for profitability.
Ukraine tells critics of counter-offensive to ‘shut up’; Moscow talks focus on reviving grain deal
Russian officials have reported more drone attacks overnight, a day after at least six Russian regions were targeted in similar incidents.
More than 60 dead as fire engulfs building in South Africa’s Johannesburg
At least 63 people were killed and 43 injured on Thursday in a fire in the central business district of South Africa’s biggest city of Johannesburg, the municipal government said.
UBS shares jump to 2008 highs after profit beat, job cuts announcement
UBS on Thursday posted a second-quarter profit of $28.9 billion in its first quarterly earnings since Switzerland’s largest bank completed its takeover of stricken rival Credit Suisse.
China’s factory activity shrinks for a fifth straight month in August
China’s factory activity in August shrank for a fifth straight month, while non-manufacturing activity hit another low for the year.
Baidu’s Ernie bot jumps to the top of Apple’s app store in China
Chinese tech giant Baidu announced Thursday its ChatGPT-like Ernie bot was now immediately accessible to the public.
Southeast Asia’s first high-speed train – a boon or bust for Indonesia’s economy?
The project is funded by PT KCIC and was expected to be completed by 2019 but has since been held back by operational delays and a $1.2 billion budget overrun.
Investors are getting bearish on China — but see other upside opportunities in Asia
Although China’s slowing economy is reducing confidence in global growth, some investors see other promising investment opportunities elsewhere in Asia.
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