U.S. probes Deutsche Bank’s dealings with Malaysia’s 1MDB: WSJ
The U.S. Justice Department is investigating whether Deutsche Bank AG violated foreign corruption or anti-money-laundering laws in its work for state fund 1Malaysia Development Berhad (1MDB), the Wall Street Journal said on Wednesday.
Oil hits six-week high as storm builds in Gulf of Mexico
Oil futures hit a six-week high on Thursday as a storm built in the Gulf of Mexico, threatening crude output, while an incident with a British tanker in the Middle East highlighted ongoing tensions in the region.
European startups navigate long, winding road to self-driving future
Far from the sunny, wide streets of Phoenix, where Waymo’s self-driving taxis ply their trade, a handful of European startups are developing driverless cars to navigate the clogged, chaotic, rain-swept roads of European cities.
Asia stocks gain, dollar droops as Fed chair sets stage for rate cut
Asian stocks gained and the dollar drooped on Thursday after Federal Reserve Chair Jerome Powell reinforced prospects of a U.S. interest rate cut later this month.
Nintendo shares jump on imminent launch of Switch Lite
Shares in Japan’s Nintendo Co rose more than 4% on Thursday after the company said it would soon launch Nintendo Switch Lite, a cheaper, handheld version of its hugely popular Switch games.
Lockheed Martin to keep Pennsylvania plant open at Trump’s request
Lockheed Martin Corp has decided to keep the Sikorsky helicopter plant in Coatesville, Pennsylvania, open after U.S. President Donald Trump pressed its chief executive to continue operations, the company said on Twitter on Wednesday.
U.S. oil hits highest in over a month amid Gulf of Mexico storm, Iran tensions
U.S. oil futures hit their highest in over a month on Thursday as a potential hurricane threatened crude output in the Gulf of Mexico and as an incident involving a British tanker in the Middle East highlighted ongoing tensions there.
Last Volkswagen Beetle drives into the sunset
Volkswagen rolled the last Beetle off the assembly line on Wednesday, the end of the road for a car that ran from Nazi Germany through hippie counterculture but failed to navigate a swerve in consumer tastes toward SUVs.
Domestic airfares soar in Indonesia despite government price cap
When Resti Novita Sari booked to fly from Jakarta to her hometown of Padang to visit family for the Eid holiday, airfares were 40% to 60% higher than she had paid in previous years.
Asia stocks rise, dollar sags as Fed chair sets stage for rate cut
Asian stocks rose and the dollar sagged on Thursday after Federal Reserve Chair Jerome Powell reinforced prospects of a U.S. interest rate cut later this month.
