China’s Tencent misses expectations despite fastest profit rise since late 2021
Tencent on Wednesday reported a surge in profit for the second quarter, but missed expectations.
Intel scraps $5.4 billion acquisition of Tower Semiconductor after regulators fail to approve deal
Intel first announced plans to buy Tower Semiconductor in 2022 for $5.4 billion, but is now terminating the deal, saying it failed to get regulatory approval.
Top Russian official accuses West of making money from war; Lithuania to close some Belarus border points
Ukraine’s deputy defense minister said Wednesday that Ukrainian forces had recaptured the occupied eastern village of Urozhaine.
UK headline inflation rate drops sharply to 6.8% in July, in line with expectations
U.K. inflation continued to cool in July but the core consumer price index increased, posing a potential headache for the Bank of England.
China’s downside risks are growing, and its economy is less likely to reach 5% this year
Without more stimulus, China is increasingly likely to miss its growth target of around 5% this year, economists said.
A multitrillion-dollar carbon bubble? Climate chief warns world leaders over fossil fuel plans
The head of the world’s climate science authority says policymakers could overlook a multitrillion-dollar time bomb by pushing ahead with fossil fuel plans.
JPMorgan hikes default forecast for emerging markets as Country Garden drives China contagion fears
JPMorgan expects the China property sector to account for nearly 40% of all high yield default volumes in emerging markets in 2023.
North Korea confirms custody of U.S. soldier Travis King, who crossed DMZ in July
The report in state-run media KCNA is the first time the isolated country has remarked at length on the American soldier who crossed into North Korea last month.
3 unexpected traits of bad bosses and signs of ‘dysfunction,’ according to a workplace expert
“All these traits not only seem harmless, but even desired by many employees,” said Kevin Legg, who has 20 years of experience in corporate professional learning.
Attendance and ticket records keep growing at 2023 Women’s World Cup
The record match attendance for the 2023 edition is 75,784 for three games under a restricted capacity at Sydney’s Stadium Australia.
