Microsoft to unbundle Teams software in Europe in bid to abate EU antitrust concerns
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.
Scores killed as fire guts run-down Johannesburg apartment block
More than 70 people were killed overnight when fire raged through a five-storey apartment block in a poor area of Johannesburg, officials said on Thursday.
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.
Disgruntled Europeans hit out at banks for not passing on higher rates on savings
European savers complain lenders are quick to raise mortgage costs, but very slow at increasing returns on deposits.
UBS shares jump to 2008 highs after profit beat, job cuts announcement
UBS posted second-quarter profit of $28.9 billion in its first quarterly earnings since Switzerland’s largest bank completed its takeover of 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.
UBS says this is how to play China right now — and shares its top stock picks
Analysts at the bank say “Chinese equities remain most preferred within our Asia strategy” and share how to play a volatile Chinese market in the short term.
