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Business

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StanChart plans 7,000 job cuts, cites AI and automation drive
StanChart plans 7,000 job cuts, cites AI and automation drive

HONG KONG: Standard Chartered said on May 19 that it will eliminate more than 7,000 jobs over the next four years as the bank increases...

Musk loses court fight with OpenAI as scrutiny of Altman grows
Musk loses court fight with OpenAI as scrutiny of Altman grows

OAKLAND, California: OpenAI has emerged victorious in its closely watched courtroom battle with Elon Musk, preserving its path toward...

Nasdaq Composite slides 220 points as U.S. stocks shed ground
Nasdaq Composite slides 220 points as U.S. stocks shed ground

NEW YORK, New York - U.S. and global stock markets closed with a broad selloff on Tuesday, driven by heavy losses in technology shares...

NextEra-Dominion merger targets soaring AI-driven power demand
NextEra-Dominion merger targets soaring AI-driven power demand

NEW YORK CITY, New York: NextEra Energy has agreed to acquire Dominion Energy in an all-stock deal valued at about US$66.8 billion,...

Tesla increases U.S. prices for several Model Y variants
Tesla increases U.S. prices for several Model Y variants

AUSTIN, Texas: Tesla has increased the prices of several Model Y vehicles in the United States, marking the first price hike for the...

SpaceX speeds up IPO plans, eyes June 12 Nasdaq listing
SpaceX speeds up IPO plans, eyes June 12 Nasdaq listing

NEW YORK CITY, New York: SpaceX is preparing to go public as early as June 12 on the Nasdaq, according to people familiar with the...

China

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China, US move to expand farm trade after leaders' talks
China, US move to expand farm trade after leaders' talks

BEIJING, China: China said on May 16 that it had reached preliminary agreements with the United States to reduce tariffs on agricultural...

Myanmar’s gemstone heartland unearths 11,000-carat ruby
Myanmar’s gemstone heartland unearths 11,000-carat ruby

BANGKOK, Thailand: Miners in Myanmar have found a very large and rare ruby. It is believed to be the second-largest ruby ever found...

Trump exits China summit without major wins on trade or Iran
Trump exits China summit without major wins on trade or Iran

BEIJING, China: President Donald Trump left Beijing on May 15 after two days of meetings with Chinese President Xi Jinping that produced...

Honda takes $9 billion EV hit, scraps long-term electric goals
Honda takes $9 billion EV hit, scraps long-term electric goals

TOKYO, Japan: Honda Motor reported its first annual loss since listing on the stock market in 1957 after taking more than US$9 billion...

Update: China's word-of-mouth hit "Dear You" tops 100 mln USD at box office
Update: China's word-of-mouth hit "Dear You" tops 100 mln USD at box office

BEIJING, May 20 (Xinhua) -- China's word-of-mouth hit Dear You continued to top China's daily box office for an 11th consecutive day...

TOGO-PLATEAUX REGION-CHINA-AIDED-BOREHOLES
TOGO-PLATEAUX REGION-CHINA-AIDED-BOREHOLES

(260520) -- PLATEAUX REGION, May 20, 2026 (Xinhua) -- A child drinks freshly drawn clean water beside a China-aided water well in Afidegnigban...