China hits Alibaba affiliate Ant Group with $985 million fine for violating various regulations
China’s central bank hit Alibaba affiliate Ant Group with a 7.12 billion yuan fine ($985 million) on Friday.
The No. 1 way to grow your wealth, according to a self-made millionaire: It’s ‘deceptively simple’
Growing your wealth should be boring, Ramit Sethi says. He shares three strategies that allow you to grow your money in the long term.
Britain’s house prices are slumping as mortgage rates soar — and there could be worse to come
U.K. house prices fell at their fastest annual pace in 12 years in June as still escalating mortgage costs piled further pressure on the property market.
Countries agree to slash shipping emissions but not enough to stay within warming limits
Maritime nations agreed Friday to slash emissions from the shipping industry to net zero by about 2050.
Alibaba launches A.I. tool to generate images from text
Chinese technology giant Alibaba on Friday launched Tongyi Wanxiang, an artificial intelligence tool that can generate images from prompts.
Japanese pharma Eisai slides 4% despite FDA approval for Alzheimer’s drug
Leqembi is the first Alzheimer’s antibody treatment to receive full FDA approval.
‘We would not stand idly by’: Lagarde pledges ECB action if both profits and wages rise
There are concerns that some companies are increasing their prices more than is needed to compensate for higher costs, thereby boosting their profit margins.
Yellen says she’s ‘concerned’ about China’s new export controls in her first public remarks in Beijing
Starting Aug. 1, companies in China that want to export two metals used in semiconductor manufacturing would need to apply for licenses.
Yellen’s visit to China is ‘crucial’ to U.S.-China engagement, professor says
Janet Yellen’s visit to China is “crucial” to ensuring that both countries continue talking to each other, said Eswar Prasad of Cornell University.
Germany’s economy is stagnating. And these 5 charts show how
A faltering gross domestic product isn’t the only figure that suggests tthe German economy is stuttering.
