TikTok to suspend TikTok Lite’s reward programme amid EU concerns
TikTok will voluntarily suspend its new app TikTok Lite’s reward programme while it works to address EU concerns, the company said on X on Wednesday.
Klarna scores major payment deal with Uber ahead of hotly anticipated IPO
The global deal will see Klarna added as a payment option on the Uber and Uber Eats apps in the U.S., Germany and Sweden.
Microsoft, Amazon AI partnerships face scrutiny from British regulators
British antitrust regulators are seeking views on partnerships between Microsoft and Amazon with smaller generative AI model makers.
Riderless horses recovered after running loose through London; ‘a number’ of people injured
The U.K. army on Wednesday said they had recovered “a number” of military working horses after the animals broke free during a routine exercise.
Indonesia’s central bank delivers surprise rate hike to support rupiah
Bank Indonesia (BI) raised the 7-day reverse repurchase rate , opens new tab by 25 basis points (bps) to 6.25%.
UBS chair says Swiss banking giant is not ‘too big to fail’
Colm Kelleher also said UBS was one of the best-capitalized banks in Europe at the UBS Annual General Meeting.
Kering shares sink 9% after profit warning on declining Gucci sales
Shares of French luxury group Kering sank more than 9% Wednesday after the company warned it expects a sharp downturn in first-half profits as demand for its Gucci brand continues to wane.
NASA releases satellite photos of Dubai and Abu Dhabi before and after record flooding
The deluge closed schools and businesses, grounded hundreds of flights, and destroyed cars, businesses and other property.
U.S. prosecutors seek 36-month sentence for ex-Binance CEO Changpeng Zhao
U.S. prosecutors on Tuesday recommended an above-guidance, 36-month sentence for former Binance CEO Changpeng Zhao.
China may have to brace for a new wave of bond defaults, S&P says
China might see a new wave of bond defaults as soon as next year — the third round in about a decade, according to an S&P Global Ratings report released Tuesday.
