BUSINESS

ADRA will also coordinate with relevant entities to simplify licensing processes and ensure full compliance with laws, including those related to anti-money laundering (AML), preventing the financing of suspicious activities and addressing illegal organizations.

Japan's prime minister on Monday urged Washington to dispel concerns that a decision by Joe Biden to block Nippon Steel's takeover of US Steel could impact future investments.

Tesla reported a dip in full-year auto sales Thursday, missing a company forecast in a sign of rising electric vehicle competition in China and other markets.

Asian markets gained on Friday, bucking retreats on Wall Street as the dollar advanced and markets reopened following the New Year's holiday.

Leading Chinese electric car maker BYD's vehicle sales surged in 2024, the company said in a statement, as the firm grows its overseas presence.

Asian stocks began 2025 mostly in the red on Thursday after worries about US interest rates, tariffs and China's economy gave Wall Street the holiday blues for a fourth straight session.

Asian stocks ended the year mainly in the red on Tuesday after worries about 2025 and profit-taking turned Wall Street's usual holiday period "Santa Claus rally" into a mini-rout.

European and Asia stock markets mostly fell Monday in jittery holiday trade ahead of a potentially tumultuous 2025 when Donald Trump returns to the White House.

The growing popularity of Chinese sport utility vehicles and pickup trucks has shaken up Mexico's luxury car market, hitting sales of traditionally dominant brands such as Mercedes-Benz and BMW. According to industry experts, Mexicans are increasingly switching from traditionally dominant sedans to Chinese vehicles due to a combination of comfort, technology and price.

Asian stocks rose in thin Boxing Day trade on Thursday, extending a "Santa Rally" with key markets Hong Kong and Sydney still shut for the holidays.

Global stocks were mostly higher on Tuesday boosted by a tech rally on Wall Street, but gains remained modest in thin Christmas Eve trade.

A US government panel failed to reach a consensus on whether US Steel's acquisition by Nippon Steel threatens Washington's national security, shifting the decision to the White House, the Japanese company said late Monday.

The United States said Monday it is opening an investigation into China's policies for its semiconductor industry, over concerns that Beijing is turning to "extensive anticompetitive and non-market means" to undermine other economies.

Japanese auto giant Honda and its struggling rival Nissan agreed Monday to launch talks on a merger seen as a bid to catch up with Chinese rivals and Tesla on electric vehicles.

Thousands of Amazon workers on Thursday launched what they called the "largest strike against Amazon in US history" seeking to maximize pressure on the retail behemoth at the height of the holiday shopping season.

Switzerland's financial regulator was ineffective in tackling the scandals at Credit Suisse, where executive mismanagement scuppered the bank and nearly triggered a global financial crisis, a Swiss inquiry concluded Friday.

Workers at Starbucks will walk off the job Friday in three US cities in a strike their union threatened could spread around the country in the busy run-up to Christmas.

European stock markets slid for a second session running Friday and the dollar dropped as investors grow concerned about the economic outlook for next year.

El Salvador will privatize or close the cryptocurrency wallet "Chivo" created by President Nayib Bukele when he made bitcoin legal tender in 2021, an official said Thursday.

European and Asian stock markets slid Thursday following sharp losses on Wall Street as the Federal Reserve signalled fewer cuts to US interest rates next year.

Major US weapons manufacturers including Boeing and Lockheed Martin, along with Europe's Airbus and Chinese firms, put their wares on show at an arms fair in Hanoi Thursday as Vietnam looks to diversify its defence supplies away from Russia.

TikTok's breakneck rise from niche video-sharing app to global social media behemoth has drawn intense scrutiny, particularly over its links to China.

TikTok asked the US Supreme Court on Monday to temporarily block a law that would force its Chinese owner to sell the popular online video-sharing platform or shut it down a month from now.

The ECB cut rates again last week as inflation looked to be coming under control and the eurozone economy showed signs of weakness.

Bollore, who has invested heavily in conservative newspapers and TV channels, successfully pushed through the break up of Vivendi, which he believes will increase the overall value of its assets.

Markets fell Friday as China's latest vows to boost the beleaguered economy failed to stir much excitement, while traders looked ahead to a key Federal Reserve policy meeting next week.

US consumer inflation ticked up for a second consecutive month in November, driven by food prices and other sectors, according to government data published Wednesday, complicating the Federal Reserve's rate cut deliberations.

Nippon Steel on Wednesday slammed the "inappropriate" influence of politics on its planned takeover of US Steel after a media report said President Joe Biden would block it.

Car giant Stellantis and Chinese manufacturer CATL said Tuesday they would build a $4.3-billion factory to make electric vehicle batteries in Spain, the latest bid to boost Europe's troubled EV drive.