Telegram logo displayed on a broken phone screen. Illustration photo taken in Krakow, Poland on August 27, 2024. Nurphoto | Nurphoto | Getty ImagesFollowing the recent arrest of its founder in France, Telegram is now facing potential legal troubles in South Korea.The country’s chief police investigator has announced a preliminary investigation into the instant-messaging platform’s potential role in abetting sex crimes, according to a report from the local Yonhap News Agency. This comes against the backdrop of South Korea’s efforts to tackle the spread of deepfake pornography that has been targeting young women, including teenagers, in the country.The probe poses another major…
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Tourists from mainland cities enter a Louis Vuitton store at Tsim Sha Tsui on June 5, 2024 in Hong Kong. China News Service | China News Service | Getty ImagesHong Kong’s retail sector has languished since the pandemic and analysts say it could be years before it bounces back.The city’s retail sales have plunged 7.3% in the first seven months of the year compared with 2023, according to government data published Friday. That’s despite a massive 52.2% rebound in visitor arrivals during the period.The city was once lauded as a shopping paradise, particularly for mainland Chinese tourists, often seen exiting luxury…
A Cathay Pacific Airbus A350 aircraft at Kingsford Smith Airport on August 18, 2021 in Sydney, Australia. Cathay Pacific Airways Ltd., is the flag carrier of Hong Kong with its main hub being at Hong Kong International Airport.James D. Morgan | Getty Images News | Getty ImagesRolls-Royce shares opened higher Tuesday, making up some of the previous session’s losses after Cathay Pacific cancelled several flights upon discovering technical issues in aircraft utilizing the British manufacturer’s Trent XWB-97 engines.Rolls-Royce shares were 4.6% higher at 8:46 a.m. London time Tuesday, after falling 6.5% on Monday.Cathay Pacific on Tuesday announced it had identified…
BEIJING — China’s property struggles and U.S. sanctions have significantly affected some of its cities, even as others benefit from Beijing’s tech push, Milken Institute’s best performing cities China index showed Tuesday.Since 2015, the index has studied China’s large- and mid-sized cities for their economic vibrancy and growth prospects. The latest version generally compares data for 2023 with that of 2021. Last year, the institute did not publish a report due to a reassessment of its methodology.Hangzhou, capital of the eastern Zhejiang province and home to Alibaba and other tech companies, ranked first in this year’s rankings.While other cities, such…
Blackstone offices in New York City.Erik Mcgregor | Lightrocket | Getty ImagesA consortium led by Blackstone is nearing a deal to acquire Australian data center group AirTrunk for A$20 billion ($13.53 billion) including debt, a person with knowledge of the situation said on Monday.Blackstone and its partner, the Canada Pension Plan Investment Board, emerged as the preferred buyer for AirTrunk, after outbidding a rival investor group, the person said, declining to be named as the information was private.The deal could be announced in the coming days, the person said.Bloomberg first reported the news on Monday, adding that AirTrunk owners Macquarie Group and Canada’s Public Sector Pension…
Aston Martin Chairman Lawrence Stroll discusses the new Vanquish launch with CNBC’s Arabile Gumede. Source link
Participants taste onigiri at a product meeting for 7-Eleven Japan in Tokyo on Jan. 23, 2024. Staff and suppliers gathered to discuss flavors, textures and fillings for the Japanese riceballs, one of 7-Eleven’s most important products, with more than 2 billion sold each year.Noriko Hayashi | Bloomberg | Getty ImagesAlimentation Couche-Tard’s proposal to buyout 7-Eleven’s owner was likely driven by its affordability as a stock, in comparison to global counterparts, because there’s not much to improve when it comes to the core business of Seven & i Holdings Co., Richard Kaye, portfolio manager at independent asset management group Comgest, said…
Russian President Vladimir Putin attends a plenary session of the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 7, 2024. Anton Vaganov | ReutersRussia has again hinted that it’s making changes to its official stance on the use of nuclear weapons, amid Ukraine’s continuing incursion into its Kursk border region.Deputy Foreign Minister Sergei Ryabkov said Sunday that Russia is in the process of amending its nuclear doctrine, which sets out the conditions in which nuclear weapons can be used, because of what Russia sees as a Western-backed “escalation” of the war with Ukraine.Russia accused the West of encouraging…
The ByteDance building of Shanghai ByteDance on Dec. 8, 2020, in Shanghai, China.Xing Yun | Costfoto | Barcroft Media | Getty ImagesTikTok-owner ByteDance is tapping banks for a $9.5 billion loan that would be the biggest dollar-denominated corporate facility in Asia ex-Japan, two sources with knowledge of the matter said on Monday.Citigroup, Goldman Sachs and JPMorgan are the coordinators of the financing, which carries a tenor of three years and can be extended to up to five years, the sources, who did not want to be named because the discussions are confidential, said.Bloomberg News had earlier reported that the loan will be partly used…
Hundreds of Venezuelan people, following the worldwide call of the “Great World Protest”, gather at Manco Capac square in Lima, Peru on August 17, 2024, to protest recent re-election of Nicolas Maduro in Venezuela. ‘World Rally for the Truth’ a global event organized by opposition leader Maria Corina Machado aims to This rally, follows the controversial results of the presidential elections in which Nicolas Maduro was re-elected both within Venezuela and internationally.Anadolu | Anadolu | Getty ImagesVenezuela’s attorney general’s office said on Monday a court has issued an arrest warrant for opposition leader Edmundo Gonzalez, accusing him of conspiracy and…
