3 minutes ago
Prime Minister Anthony Albanese wants claims to be reviewed his predecessor secretly took charge of many ministries during the pandemic
J&J cans talc powder globally as lawsuits multiply
Pharmaceutical giant has been forced to pay $3.5bn in settlements so far to resolve cancer cases
4 hours ago
Saudi Aramco follows big oil rivals reporting a surge in profits
State-owned oil group reports income rose to $48.4bn in the second quarter from $25.5bn a year earlier
Anshu Jain, Deutsche Bank chief in trading heyday, dies at 59
Son of an Indian civil servant rose to Wall Street’s highest ranks and transformed Deutsche into a global trading powerhouse
Court is likely to throw out Donald Trump’s spurious claim about planted evidence
US attorney-general Merrick Garland has asked a judge to unseal the search warrant for Trump’s home
August is a hot month for M&A
Already $63bn of transactions have been announced in North America, the most for a comparable monthly period since November
Tencent set to reassure investors during quarterly results as woes mount
The company is set to report its first quarterly revenue decline since the 2008 financial crisis next week, weighed down by a slowdown in gaming sales
Two reports highlight racism in UK health sector
The UK’s science and medical industries are facing a reckoning over their links to racism in the past and present
Hong Kong bans film depicting 2014 pro-democracy protests
An eight-minute film about a young gay man’s struggles in Hong Kong has been banned over a one-second scene depicting the 2014 pro-democracy protests
Toto offers R7bn for government’s Telkom stake
The investment firm made an offer for the 40.5% stake in the country’s third-largest mobile phone company
Liz Truss promises no windfall tax on energy firms
‘It’s a Labour idea and all about bashing business and it sends the wrong message to international investors and to the public‘
Apple remains upbeat despite global electronics slump
Sales of new iPhone models are likely to drive the company’s growth this year
Putin’s invasion of Ukraine a blow for Russian economy
GDP is expected to shrink for the first time in more than a year
Rwanda hikes interest rate by most since 2009 to tame inflation
The monetary policy committee increases the key policy rate to 6% from 5%
Former Arm boss Tudor Brown quits SMIC as US-China relations sour
Brown is the latest of several individuals with UK or US nationality to have left the Chinese chipmaker’s board
US supplier inflation falls for first time in more than two years
Producer price index fell 0.5% in July from a month earlier, largely reflecting a drop in energy costs
Disney overtakes Netflix on streaming subscribers
The Walt Disney business bets on ad-free viewing as it hikes premiums
Deutsche Bank builds SA team for ‘deals hub’ in Africa
The German lender has identified Africa as a growth opportunity and is in talks with about issuing bonds and debt restructuring
Cantor CEO Howard Lutnick’s $50m bonus was ‘wildly excessive’, lawsuit says
A Newmark investor says the bonus was approved even after board members learnt Lutnick’s hedging deals involving Nasdaq shares had not lifted stock value
China censors health information unicorn
Tencent-backed DXY forbidden to post on Weibo after it questioned efficacy of traditional medicine treatment for Covid promoted by state
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