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Why is Indian tycoon Gautam Adani facing US bribery charges?

The business empire of Gautam Adani is again in turmoil after the billionaire Indian tycoon was charged in the United States with paying exorbitant bribes to secure lucrative government contracts.

Banana taped to a wall sells for $6.2 mn in New York

A fresh banana taped to a wall -- a provocative work of conceptual art by Italian artist Maurizio Cattelan -- was bought for $6.2 million on Wednesday by a cryptocurrency entrepreneur at a New York auction, Sotheby's announced in a statement.

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Asian markets mixed as Nvidia falls short of hopes, eyes on Trump

Asian markets were mixed Thursday as another blockbuster earnings from chip titan Nvidia smashed forecasts but still left investors disappointed, while sentiment was also being swayed by geopolitical concerns.

Civil war economy hits Myanmar garment workers

As civil war pounds Myanmar's economy and drives up prices, garment worker Wai Wai often starts her shift making clothes for international brands on an empty stomach.

Archegos founder jailed for 18 years for massive fraud: US media

The founder of US investment firm Archegos, Bill Hwang, was jailed for 18 years on Wednesday for a multibillion-dollar fraud that contributed to the fund's 2021 implosion, US media reported.

Nvidia crushes earnings expectations on AI chip demand

US chipmaking behemoth Nvidia said Wednesday it made a $19 billion profit on record high revenue last quarter as demand continued for its hardware to power artificial intelligence.

US Fed official warns against cutting rates 'too quickly'

The US Federal Reserve should be careful not to cut rates "too quickly" and risk reigniting stubborn inflation, a senior bank official said Wednesday.

Arnault family to complete Paris FC takeover 'in coming days'

The family of France's richest person, Bernard Arnault, will complete the acquisition of Paris FC "in the coming days", the Ligue 2 club's president said during a press conference Wednesday.

'Rust' premieres three years after on-set shooting death

The Western "Rust" got its world premiere on Wednesday at a Polish film festival, three years after its cinematographer was killed in an on-set shooting.

Stock markets retreat ahead of Nvidia earnings

US and European stock markets retreated on Wednesday as investors eagerly awaited results from artificial-intelligence giant Nvidia.

Ford to cut 4,000 jobs in Europe

US car giant Ford on Wednesday announced 4,000 more job cuts in Europe, mostly in Germany and Britain, in the latest blow to the continent's beleaguered car industry.

French comedian faces victims of drug-fuelled car crash

A French comedian on Wednesday asked forgiveness in court from the victims he maimed in a car crash he caused while on drugs after chemsex party, in a case that caused a media frenzy over his risky lifestyle as well as the rights of unborn children.

General strike in Greece against cost of living

Thousands of people demonstrated in Athens and other cities Wednesday as a 24-hour general strike against the rising cost of living shut down public services and part of the transport network.

Magritte painting nets auction record of $121 million

A painting by Rene Magritte shattered an auction record for the surrealist artist on Tuesday, selling for more than $121 million at Christie's in New York.

Markets fluctuate as traders weigh geopolitical tensions

Stocks fluctuated Wednesday following a positive lead from Wall Street as traders assessed the prospect of an escalation in the Russia-Ukraine war, Donald Trump's second presidency and the outlook for US interest rates.

Japanese, Koreans bottom of global love life survey

Japanese people are the least satisfied with their sex and romantic lives, closely followed by South Koreans, a global survey by a French research firm showed.

Taliban govt clearing 'un-Islamic' books from Afghanistan shelves

Checking imported books, removing texts from libraries and distributing lists of banned titles -- Taliban authorities are working to remove "un-Islamic" and anti-government literature from circulation.

Asian markets struggle as traders weigh geopolitical tensions

Asian investors struggled Wednesday to track a positive lead from Wall Street as they assess the prospect of an escalation in the Russia-Ukraine war, Donald Trump's second presidency and the outlook for US interest rates.

Iraq holds its first census in nearly 40 years

Iraq is holding its first nationwide census in nearly four decades this week, a long-awaited count in a nation that has been blighted by sectarian and ethnic divisions.

European powers, US seek to censure Iran at UN nuclear watchdog board

European powers and the United States are moving ahead with a plan to censure Iran for its poor cooperation with the UN nuclear watchdog at this week's board meeting, despite an offer by Tehran to cap its highly enriched uranium stock, diplomats told AFP.

European stocks fall on Ukraine-Russia fears, US focused on earnings

Stock markets fell in Europe but finished mostly higher in New York Tuesday as markets weighed worries about escalating conflict between Russia and Ukraine.

Trump names China hawk Howard Lutnick as US commerce secretary

US President-elect Donald Trump nominated Howard Lutnick, the co-chair of his transition team, as his commerce secretary on Tuesday -- a choice set to bring a tougher stance on China from the incoming administration.

Trump names China hawk Howard Lutnick commerce secretary

President-elect Donald Trump nominated Howard Lutnick, the co-chair of his transition team, as his commerce secretary on Tuesday -- a choice set to bring a tougher stance on China from the incoming administration.

Top-selling daily French daily Ouest-France stops posting on X

French regional daily Ouest-France, the top-selling paper in the country, announced Tuesday it was joining several other European publications by suspending posts on X following the takeover of the site formerly known as Twitter by billionaire Elon Musk.

New Botswana leader eyes cannabis, sunshine to lift economy

Botswana will diversify its diamond-dependent economy by launching into the medicinal cannabis market and exploiting its abundant sunshine, President Duma Boko said Tuesday, in his first state of the nation address.

China's Xi urges 'strategic' ties in talks with Germany's Scholz

Chinese leader Xi Jinping called for Beijing and Berlin to develop ties with a "strategic" and "long-term" perspective Tuesday as he met with German Chancellor Olaf Scholz in Rio de Janeiro, state media said.

Walmart lifts full-year forecast after strong Q3

Walmart reported a jump in third-quarter profits Tuesday behind solid US sales and gains in its e-commerce business as the retail behemoth lifted its full-year financial forecast.

French farmers step up protests against EU-Mercosur deal

French farmers planned on Tuesday to step up their protests against a proposed trade pact between the European Union and four South American countries, saying it threatens their livelihoods.

Man held after crashing car near China school, injuring multiple children

Police said Tuesday a man was in custody after crashing a car outside a primary school in a central Chinese city, injuring multiple children.

Markets rally after US bounce as Nvidia comes into focus

Markets rose Tuesday after a broadly positive day on Wall Street, with focus turning to the upcoming release of tech giant Nvidia's earnings, while traders also kept tabs on Donald Trump's picks for his new administration.

Crisis-hit Thyssenkrupp books another hefty annual loss

German industrial giant Thyssenkrupp reported Tuesday a massive annual loss for the second year running, as it battles challenges including a crisis in its historic steel division.

Farmers descend on London to overturn inheritance tax change

British farmers have threatened to choke the streets of the UK capital on Tuesday, calling on the government to overturn a controversial plan to change inheritance tax rules for land ownership.

Multiple children injured in car crash at central China school

Multiple students were injured Tuesday when a car crashed outside a primary school in central China's Hunan province, state media said.

Several children injured in car crash at central China school

Several students were injured Tuesday after a car crashed outside a primary school in central China's Hunan province, state media said.

Dubai Telegraph - Economy (English)