China lifts sanctions on US units of South Korea ship giant Hanwha
China said Monday it would suspend sanctions against US subsidiaries of Hanwha Ocean, one of South Korea’s largest shipbuilders, as a fragile trade truce between Washington and Beijing continued to take shape. The United States and China have been involved in a volatile trade and tariff war for months, but agreed to walk back some […]
Guinness maker Diageo picks new CEO after US tariffs cloud
Diageo, the maker of Guinness beer and Smirnoff vodka, announced Monday a new chief executive as it seeks to improve performance hit partly by US President Donald Trump’s tariffs. Dave Lewis, presently chairman of consumer healthcare firm Haleon, will become CEO in January, replacing Debra Crew after her resignation in July. “The market faces some […]
Bank of England seeks to ‘build trust’ in stablecoins
The Bank of England said Monday it aims to “build trust” in stablecoins in the UK, which would be pegged to the pound under proposed national rules for the cryptocurrency. The value of most stablecoins — a form of digital currency linked to real-world money — is kept steady by being linked overwhelmingly to the […]
‘Netflix House’ marks streaming giant’s first theme park
After years of temporary pop-up events, streaming giant Netflix will make its first foray into the theme park space this week, rivalling entertainment giants Disney and Universal Studios. The company’s “Netflix House” theme park will open its doors Wednesday at the King of Prussia mall — one of the largest shopping centers in the United […]
Asian stocks rise as record US shutdown nears end
Most Asian markets rose for the second day in a row Tuesday as US lawmakers edged towards ending a record government shutdown. The prospect of an end to the Washington standoff, which moved into its 41st day Monday, came amid a revival of demand for tech giants despite growing fears of an AI-fuelled bubble. Senators […]
