According to four people who spoke to Reuters, the market for middlemen has flourished as a result of Russian businesses' attempts to pay for products in China since secondary penalties have scared off local banks, with up to 50% of transactions now being handled via intermediaries.   The...

The Wall Street Journal reports, citing sources, that Anglo American is contemplating the prospect of selling its diamond mining business, De Beers. It was previously reported that Anglo American was approached by BHP Group, the biggest mining corporation globally, about merging through a share...

The operator of the Hong Kong Stock Exchange, Hong Kong Exchanges & Clearing Ltd. (HKEx), reported a 13% decrease in net profit in the first quarter of 2024 due to a decline in trading activity and a decrease in listings. In a press release, the company stated that net profit for the...

U.S. prosecutors stated in a court document on Tuesday that Changpeng Zhao, the creator of Binance, the biggest cryptocurrency exchange in the world, should spend 36 months in jail after entering a guilty plea to breaking laws prohibiting money laundering.   Zhao resigned as CEO of Binance...

A plan that would have given TikTok's Chinese owner, ByteDance, approximately a year to sell up the U.S. assets of the short-video app or risk a statewide ban was passed by the U.S. House of Representatives on Saturday. The Senate will now consider it, and in the upcoming days, a vote on it...

A Florida jury found that the ovarian cancer that killed a Florida woman in 2019 was not brought on by Johnson & Johnson's baby powder talc product.   Patricia Matthey, a resident of Sarasota County, used Johnson's baby powder every day from 1965 until August 2016, when her family...

According to Nikkei Asia, which quotes US officials, South Korean electronics giant Samsung Electronics would double its investment in the US from $17 billion to roughly $45 billion and get up to $6.4 billion in support from the US government. Samsung intends to construct two chip facilities...

The European Commission authorized American Illumina Inc.'s plan to sell the company that developed the Grail cancer detection tests, according to a press release from the EC. The sale will make Grail independent, enabling it to continue competing in the market, according to the regulator. EU...

International Data Corporation (IDC) claims that South Korean corporation Samsung was the world's leading smartphone seller as of the first quarter of 2024. Apple Inc., based in the United States, took the lead for the first time by the end of 2023. According to a preliminary assessment by IDC,...