BUSINESS

The chairwoman of major property developer Van Thinh Phat will go on trial in Vietnam, accused with accomplices of embezzling $12.5 billion from a bank "for personal purposes", the official government website said.

Two more major shipping firms, Mediterranean Shipping Company and CMA CGM, said Saturday they were suspending passage through a Red Sea strait vital for global trade after Yemeni rebel attacks in the area.

In the world of plastic surgery, Dr. Maxim Ivanchuk stands out as a true pioneer and innovator. Renowned as a star plastic surgeon, medical influencer, and entrepreneur, Dr. Maxim Ivanchuk has transformed countless lives through his groundbreaking "Pioneer Procedures."

Pfizer issued a disappointing 2024 forecast Wednesday, denting shares as the company navigates a profound plunge in sales tied to the Covid-19 pandemic.

France's wine makers, faced with a steep decline in sales, are turning to US-style marketing to revive their fortunes, including deep dives into global pop culture.

Electric car maker Tesla has initiated a recall of over two million vehicles in the United States and Canada due to risks associated with the autopilot software, national regulators said Wednesday.

Netflix for the first time published detailed viewing figures about thousands of its shows and movies Tuesday, offering an unprecedented glimpse into the world-leading streaming platform's top hits and highest-profile flops.

Pfizer announced Tuesday that it expects to complete this week its $43 billion acquisition of cancer-focused biotech company Seagen after clearing key regulatory hurdles.

South Korea's president on Tuesday kicked off a visit to the Netherlands, hoping to forge a "chip alliance" between the two global semiconductor powerhouses amid growing tech tensions with China.

Renault said Tuesday that it was selling to Nissan part of the stake it owns in the Japanese automaker as the two companies rebalance their alliance.

Stocks tracked Wall Street higher and the dollar retreated Tuesday as traders awaited a bumper round of market-moving events, starting with the release of US inflation data later today.

Russians have voiced concern about the growing cost of a basic food staple -- eggs -- pointing to the fragile state of the sanctions-hit economy, as President Vladimir Putin seeks a fifth term in office.

The variety of juicy grape that Yuki Nakamura is harvesting as the sun rises over his farm took scientists 33 years to develop and can sell for $100 a bunch in Tokyo department stores.

Markets diverged Monday as investors awaited key US data and a Federal Reserve policy decision after labour figures last week suggested the US central bank was on course to deliver a soft landing for the economy while reining in inflation.

TikTok on Monday announced a $1.5 billion investment in GoTo in a deal that would allow the Chinese-owned short video app to restart its online shop in Indonesia.

Hundreds of staff at The Washington Post, one of America's most storied newspapers, walked off the job Thursday in a 24-hour strike after 18 months of contract negotiations failed to secure a deal.

Insured losses from natural catastrophes will pass the $100-billion threshold for the fourth year running in 2023, reinsurance giant Swiss Re said Thursday.

The UK government announced Thursday that the BBC licence fee will rise after a two-year freeze, but the broadcaster indicated the increase would not be enough to ward off further cuts.

A much-anticipated US approval of wider bitcoin trading has helped the world's biggest cryptocurrency reach 20-month heights, risking however pain for new investors unaccustomed to its volatility.

The leaders of Saudi Arabia and Russia used a rare face-to-face meeting to urge oil producers to stick to pledged supply cuts, a joint statement said Thursday.

Airlines should carry a record number of passengers next year as the sector puts the Covid-19 pandemic behind it, the industry's top trade association said Wednesday, although profitability remains a concern.

Volkswagen said Wednesday it would cut its workforce over the coming years as the German auto giant seeks to boost its profitability and reboot a faltering shift to electric cars.

McDonald's announced an aggressive expansion roadmap Wednesday to reach 50,000 restaurants worldwide by 2027, as the chain unveiled plans to roll out CosMc's, a new network of small-format shops focused on cold beverages.

Chinese exports rose in November for the first time in seven months, officials said Thursday, as the country navigates a troubled recovery from the Covid-19 pandemic.

The Russian founder of the Bitzlato cryptocurrency exchange pleaded guilty on Wednesday to operating a money transfer business that accepted illicit funds.

Major airport expansion projects are taking off across Thailand, Cambodia and Vietnam, and a new airline is set to launch next year -- all banking on an expected boom in air travel in Southeast Asia, fuelled by Chinese and Indian tourists.

US antitrust officials are seeking additional information related to ExxonMobil's megadeal to acquire Pioneer Natural Resources for about $60 billion, according to a securities filing Tuesday.

Personal genetics firm 23andMe on Tuesday confirmed that hackers using stolen passwords accessed the personal information about 6.9 million of its members.

Banque Pictet et Cie will pay nearly $123 million under a deferred prosecution agreement in which the private bank admitted to helping US taxpayers evade $50.6 million in taxes, US officials announced Monday.