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Financial Markets

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UBS faces $26B capital demand under Swiss post-crisis plan
Switzerland hits UBS with $26B capital rule after CS takeover

BERN, Switzerland: UBS faces a sweeping new capital requirement from the Swiss government, which this week proposed changes that could...

Inside the viral world of Walmart’s high-paid cake artists
Walmart's cake decorators now earn the highest hourly store pay

NEW YORK CITY, New York: At a Walmart Supercenter in New Jersey, buttercream borders and edible-ink cartoons aren't just about sweet...

U.S. stocks directionless, although Nasdaq Composite adds 61 points
Wall Street subdued as Dow Jones index dips 1 point

NEW YORK, New York - Wall Street delivered a split performance on Monday, with the Nasdaq Composite notching up gains while the Dow...

Kering eyes partial sale of Fifth Ave building to cut debt
Kering in talks to sell stake in $1 billion Fifth Avenue property

NEW YORK CITY, New York: Luxury group Kering is in exclusive discussions to sell a stake in its prime New York real estate asset on...

P&G announces 7,000 job cuts in two-year global restructuring
P&G to cut 7,000 jobs, streamline brands amid tariff pressures

CINCINNATI, Ohio: Facing global economic headwinds and mounting tariff pressures, Procter & Gamble announced plans this week to cut...

Mercedes prepares for supply breaks as China delays mineral supply
European car plants halt as China limits rare earth exports

BERLIN/FRANKFURT: Some car parts factories in Europe have stopped production, and companies like Mercedes-Benz are making backup plans...

Technology

Section
China bureaucrat bottlenecks over rare earths ripple through industry
Few Chinese officials now decide the fate of global EV production

BEIJING, China: A little-known office inside China's Ministry of Commerce has become a powerful chokepoint in the global auto and tech...

China offers secret bounty for suspected Taiwan-linked hackers
China issues bounty for hackers it says are linked to Taiwan

BEIJING, China: The public security bureau in Guangzhou, a city in China, has announced a secret reward for more than 20 people it...

Meta joins tech shift to nuclear power for AI and data centers
Meta taps nuclear power to fuel its growing AI infrastructure

MENLO PARK, California: As artificial intelligence demands explode, Big Tech is turning to an old source for new power: nuclear energy....

Shareholder deal forces Google to revamp compliance for $500M
Google to spend $500M on compliance in shareholder lawsuit

MOUNTAIN VIEW, California: To settle a major shareholder lawsuit, Google is writing a US$500 million check — not for damages, but to...

U.S.-CALIFORNIA-APPLE-WWDC25
U.S.-CALIFORNIA-APPLE-WWDC25

(250610) -- CUPERTINO, June 10, 2025 (Xinhua) -- People watch the 2025 Apple Worldwide Developers Conference (WWDC25) in Cupertino,...

Durov reveals to Carlson whether he was ever arrested by Putin
Durov reveals to Carlson whether he was ever arrested by Putin

Paris was the most unexpected place to be detained, the Telegram CEO has said Telegram CEO Pavel Durov has told American journalist...

Movie Review

Movie Review
Pet Sematary (1989) [Blu-Ray]