Business News - The Last 24 Hours

Huawei's profit doubled in 2023 as smartphone, autos business picked up
CNBC - 52 min 25 sec ago
Chinese telecommunications company Huawei said Friday its net profit for 2023 more than doubled thanks to better product offerings.



A year on, Gershkovich still imprisoned in Russia
Deutsche Welle - 1 hour 9 min ago
Wall Street Journal reporter Evan Gershkovich was arrested in Russia on espionage charges last year. Moscow's military censorship laws against journalists have made it increasingly dangerous to report from Russia.
RELATED:
NDTV - Caught Up In Concert Shooting, A Russian Woman Said Goodbye To World - 9 hours 21 min ago
BBC - Russian propaganda network that 'paid MEPs' busted - 11 hours 59 min ago
Deutsche Welle - US calls Russia 'manure salesmen' over Moscow attack claims - 15 hours 29 min ago
Bloomberg - US, UK look into $20 billion USDT entering sanctioned Russian exchange - The Block - 17 hours 1 min ago
Associated Press - Russia vetoes UN resolution on North Korean sanction monitoring - The Associated Press - 17 hours 42 min ago
COMMENTARY:
SCMP - Niger cosies up to ‘new friends’ China and Russia just days after sending US military packing - 1 hour 9 min ago
Indiatimes - Russian central bank extends curbs on transferring funds abroad for six months - 1 hour 27 min ago
AllAfrica - Eritrea: Russia's Pacific Fleet Frigate Arrives in Massawa - 3 hours 23 sec ago
The Independent - A growing number of Americans end up in Russian jails. The prospects for their release are unclear - 4 hours 6 min ago
The Guardian - Russian police detain journalist who filmed last video of Alexei Navalny alive - 4 hours 47 min ago
New York Times - ‘Every Day Is Hard’: One Year Since Russia Jailed Evan Gershkovich - 5 hours 9 min ago
The Hindu - Foreign firms’ losses from exiting Russia top $107 billion - 5 hours 54 min ago
Wall Street Journal - A Timeline of Evan Gershkovich's Year in a Russian Prison - 6 hours 9 min ago
Russia Today - Germany probes prosecution in Russian tycoon’s case – Bild  - 22 hours 26 min ago



Inside Sam Bankman-Fried's Multi-Billion Dollar FTX Fraud
NDTV - 1 hour 24 min ago
Former cryptocurrency billionaire Sam Bankman-Fried, 32, has been sentenced to 25 years in prison for his involvement in a major financial scam related to the collapse of the FTX crypto exchange. He was found guilty in November on seven counts, including fraud, conspiracy, and money laundering. How Sam Bankman-Fried pulled off the scam Bankman-Fried got into the world of cryptocurrency at the age of 25. He founded a company called Alameda Research and soon realised he could make a lot of m ...
RELATED:
NDTV - Sam Bankman-Fried Jailed For 25 Years For FTX Fraud - 16 hours 42 min ago
FOX Business - Disgraced crypto king Sam Bankman-Fried sentenced to 25 years for FTX fraud - 17 hours 13 min ago
Deutsche Welle - Sam Bankman-Fried sentenced to 25 years over FTX fraud - 17 hours 17 min ago
CNBC - Sam Bankman-Fried FTX fraud victim tells judge: 'My whole life has been destroyed' - 22 hours 41 min ago
COMMENTARY:
SCMP - Who is Truong My Lan? From market stall to Vietnam’s biggest fraud case, the rise and fall of an alleged scam mastermind - 3 hours 39 min ago
Wall Street Journal - Research universities and hospitals are resisting a U.S. agency proposal to boost oversight of investigations related to fraud and plagiarism. - 4 hours 4 min ago
The Independent - From crypto king to convicted fraudster: Sam Bankman-Fried’s spectacular fall from grace - 15 hours 34 min ago
Sydney Morning Herald - Sam Bankman-Fried sentenced to 25 years in jail for multi-billion dollar FTX fraud - 16 hours 40 min ago
The Hindu - Sam Bankman-Fried sentenced to 25 years for multi-billion dollar FTX fraud - 16 hours 48 min ago
The Guardian - Sam Bankman-Fried sentenced to 25 years in prison over FTX fraud - 17 hours 17 min ago
New York Post - Sam Bankman-Fried faces decades in prison as he’s sentenced today for multi-billion-dollar fraud - 21 hours 45 min ago



Scotland 'hoodwinked' by Trump, says former aide
BBC - 2 hours 32 min ago
Donald Trump's claim he would invest £1bn in a golf resort was misleading, according to the man who helped broker the deal.
RELATED:
BBC - Scotland 'hoodwinked' by Trump, says former aide - 2 hours 32 min ago
Associated Press - Outpaced by Biden, Trump hopes to rake in $33 million during Florida fundraiser - The Associated Press - 7 hours 25 min ago
CNN - Trump's Georgia election subversion case faces key hearing - 20 hours 8 min ago
COMMENTARY:
Wall Street Journal - Biden took the stage in Manhattan alongside former Democratic presidents Bill Clinton and Barack Obama for a campaign fundraiser that brought in $25 million, and Trump attendedthe wake of a slain New York City police officer on Long Island. - 4 hours 4 min ago
Indiatimes - Outpaced by Biden, Trump hopes to rake in $33 million during Florida fundraiser - 6 hours 56 min ago
The Independent - Marjorie Taylor Greene has a new wild theory about Trump’s demand to ‘find votes’ in Georgia - 10 hours 34 min ago
Sydney Morning Herald - ‘Numbers don’t lie’: Biden outpaces Trump in fundraising, enlists big guns for more - 12 hours 50 min ago
The Guardian - Al Sharpton: Trump’s $60 Bibles ‘a spit in the face of people that really believe’ - 15 hours 33 min ago
Russia Today - Trump overtakes Soros on world rich list - 17 hours 26 min ago
BusinessInsider - Meme-stock mania comes roaring back to leave Donald Trump's Truth Social owner TMTG worth more than Etsy or Hasbro - 21 hours 14 min ago
SCMP - US Presidential election 2024: while Trump’s legal bills mount, Biden fundraiser with Obama, Clinton to net record amount - 21 hours 19 min ago



India keen on trade deals with Britain, Oman early in Modi's probable third term, sources say - Reuters India
Reuters - 3 hours 9 min ago
India keen on trade deals with Britain, Oman early in Modi's probable third term, sources say  Reuters India
COMMENTARY:
Indiatimes - India keen on trade deals with Britain, Oman early in Modi's probable third term, sources say - 3 hours 10 min ago



Row Over US Proposal To Reclassify Potato As "Grain" Instead Of Vegetable
NDTV - 3 hours 22 min ago
When is a vegetable not a vegetable? When it's a potato, according to a new US government proposal to reclassify the starchy staple that has infuriated lawmakers in rural districts. US senators Susan Collins and Michael Bennet -- a Maine Republican and a Colorado Democrat -- are spearheading a bid to convince government officials to back away from plans to call the root vegetable a grain, a move they fear would hurt farming. "Since the inception of the US Department of Agriculture, it has ...
RELATED:
Associated Press - US economic growth for last quarter is revised up slightly to a healthy 3.4% annual rate - The Associated Press - 20 hours 27 min ago
COMMENTARY:
Indiatimes - US economic growth for last quarter revised up slightly to a healthy 3.4% annual rate - 20 hours 19 min ago



Russia vetoes extension of UN panel monitoring North Korea sanctions
Deutsche Welle - 4 hours 39 min ago
Before the vote, Russia told the UN Security Council that Western countries are attempting to "strangle" North Korea. Pyongyang has been under sanctions over its nuclear program since 2006.
COMMENTARY:
The Independent - Russia faces criticism after ‘reckless’ veto to end UN panel monitoring North Korea nuclear sanctions - 5 hours 7 min ago
Indiatimes - S. Korea slams 'irresponsible' Russian veto ending UN N. Korea sanctions monitoring - 6 hours 38 min ago
The Guardian - Russia criticised for using veto to end UN monitoring of North Korea sanctions - 11 hours 41 min ago
Wall Street Journal - Russia Blocks Extension of North Korea Sanctions Monitoring - 11 hours 43 min ago
BusinessInsider - The US and the UK are reportedly looking into $20 billion of crypto payments that may have helped Moscow evade sanctions - 15 hours 36 min ago
SCMP - US likely to be in ‘wait-and-see mode’ over new Hong Kong security law before considering any sanctions, says former Biden Senate aide - 18 hours 6 min ago



Biden's NYC fundraiser with Obama and Clinton raised $25M, campaign says - The Associated Press
Associated Press - 5 hours 13 min ago
Biden's NYC fundraiser with Obama and Clinton raised $25M, campaign says  The Associated Press
RELATED:
Reuters - How US oil production hit a record under Biden despite climate policies - Reuters - 23 hours 9 min ago
Associated Press - Biden administration will lend $1.5B to restart Michigan nuclear power plant, a first in the US - The Associated Press - 23 hours 32 min ago
COMMENTARY:
Wall Street Journal - The Biden administration overhauled how the federal government defines and counts race and ethnicity, the first change in a generation and a reflection of the nation's growing diversity. - 4 hours 4 min ago
Indiatimes - Anti-Israel protest disrupts Joe Biden fundraiser in presence of Obama, Clinton. Know what President pledged - 4 hours 51 min ago
The Independent - Biden approves $60m emergency aid for Baltimore bridge collapse on ‘very long road’ to recovery - 9 hours 20 min ago
The Guardian - Biden campaign to raise $25m ‘money bomb’ at event with Obama and Clinton - 19 hours 28 min ago



UK Man Fighting For Russia Against Ukraine Says He ''Will Die For Putin''
NDTV - 6 hours 16 min ago
A British man who flew to Russia to fight alongside Vladimir Putin's forces in Ukraine has said he's willing to die for the cause, Metro reported. Notably, British citizen Aiden Minnis, 37, is a former National Front member and convicted criminal from Chippenham, Wiltshire. He claimed that he's  ''doing the Lord's work'' after joining the Russian army in January. He said his fellow soldiers are his brothers, adding, ''I trust them and will die for them. They have proven themselves and he ...
RELATED:
BBC - Waiting for Evan, Putin's 'bargaining chip' in Russian jail - 8 hours 11 min ago
Deutsche Welle - Schröder: Good relationship with Putin may still be helpful - 23 hours 37 min ago
COMMENTARY:
Indiatimes - Macron says G20 must agree before inviting Putin to summit - 6 hours 6 min ago
Russia Today - Friendship with Putin can help end Ukraine conflict – ex-German chancellor - 16 hours 37 min ago
The Independent - Russians arrested as Vladimir Putin launches crackdown on LGBTQ community - 21 hours 34 min ago



4 Canadian school boards sue Snapchat, TikTok and Meta for disrupting students' education - The Associated Press
Associated Press - 8 hours 44 min ago
4 Canadian school boards sue Snapchat, TikTok and Meta for disrupting students' education  The Associated Press
RELATED:
CNBC - TikTok creators worry about free speech and income streams if ban succeeds: 'My livelihood is at stake' - 14 hours 15 min ago
COMMENTARY:
SCMP - Poll shows fewer than 3 in 10 Americans support TikTok bill that would force Chinese owner to sell the app - 5 hours 8 min ago
New York Times - How the Israel-Hamas War Has Roiled TikTok Internally - 13 hours 23 min ago



Jim Cramer's week ahead: Nonfarm payroll data and Disney's proxy fight comes to a head
CNBC - 10 hours 48 min ago
CNBC's Jim Cramer on Thursday guided investors through next week's Wall Street action.
COMMENTARY:
SCMP - What is drawing tourists to Hong Kong? Koreans seek ‘old city vibes’, Filipinos eye Disneyland and Thais tour temples - 6 hours 39 min ago
Wall Street Journal - Disney, Trian Blitz Shareholders for Votes in Last Stretch of Proxy Fight - 15 hours 57 min ago
BusinessInsider - YouTube could be worth $400 billion — that's more than Disney and Comcast combined. We should be paying more attention. - 16 hours 17 min ago



Pakistan Needs to Get India to Yes on Trade - Bloomberg
Bloomberg - 11 hours 9 min ago
Pakistan Needs to Get India to Yes on Trade  Bloomberg
RELATED:
Bloomberg - US Ambassador to India Seeks Investments From Pension Funds, Private Equity - Bloomberg - 18 hours 1 min ago
Deutsche Welle - Ukraine top diplomat in India to bolster bilateral ties - 18 hours 5 min ago
COMMENTARY:
Indiatimes - FTAs and new markets will increase India's export to USD 1 trillion by 2030 - 1 hour 9 min ago
The Independent - Ukraine’s foreign minister says talks to include Zelensky’s ‘peace formula’ during India visit - 5 hours 38 min ago
The Guardian - India summons envoy after US criticises Delhi chief minister’s arrest - 12 hours 12 min ago
The Hindu - Insurance regulator IRDAI retains LIC, GIC Re, New India Assurance as D-Slls   - 16 hours 4 min ago
Wall Street Journal - Arrest of Indian Opposition Leader Draws U.S. Scrutiny - 18 hours 29 min ago
SCMP - How the Indian opposition’s Modi obsession is hurting the country - 22 hours 39 min ago



Russia Jails Journalist For 2 Years For Opposing Ukraine War
NDTV - 13 hours 10 min ago
A Russian court on Thursday sentenced a journalist to two years in prison for denouncing Moscow's full-scale military offensive on Ukraine, as police in Moscow detained five other reporters over a 24-hour period. Russia has made on-the-ground reporting increasingly dangerous and illegal since it sent troops into Ukraine two years ago, arresting and fining those who defy the Kremlin's narratives. A court in the western exclave of Kaliningrad said journalist Mikhail Feldman had discredited R ...
RELATED:
NDTV - Russia Says "Evidence" Links Ukraine To Moscow Attack, US Says "Nonsense" - 16 hours 30 min ago
Deutsche Welle - Can Ukraine and the Western Balkans produce arms together? - 20 hours 23 min ago
Reuters - Poland, Ukraine close to agreement on food imports, says Tusk - Reuters - 20 hours 50 min ago
COMMENTARY:
Indiatimes - Ukraine destroys 26 Russian drones in latest overnight strike - 1 hour 21 min ago
BusinessInsider - US Army general says the 'future is not bright' for towed artillery, like the M777s America gave Ukraine to fight the Russians - 11 hours 43 min ago
Wall Street Journal - Notable & Quotable: Lieberman on Ukraine - 11 hours 58 min ago
Russia Today - Italian PM reveals how she rebuked Macron on Ukraine - 15 hours 9 min ago
The Independent - Russia tries to wear down Ukraine’s air defences during wait for F-16s fighter jets - 22 hours 25 min ago



Investing in Space: Boeing takes backup role in flying NASA astronauts
CNBC - 13 hours 19 min ago
Boeing's Starliner program finally feels close to flying people in space for the first time.
COMMENTARY:
Indiatimes - Texas attorney general opens investigation into parts supplier for Boeing - 6 hours 18 min ago
BusinessInsider - Boeing needs a 'strong engineering lead' to clean up the fallout from its latest crisis, airline CEO says - 16 hours 4 min ago
New York Post - Boeing has ‘serious work ahead’ after Alaska Airlines mess: top exec - 16 hours 56 min ago



Final fourth quarter GDP revised upwards as consumer spending rises
FOX Business - 13 hours 40 min ago
The final estimate for real gross domestic product (GDP) in the fourth quarter of 2023 was revised upwards, showing that the U.S. economy grew.
RELATED:
FOX Business - Baltimore bridge collapse: Economists predict inflation 'pinch' for American consumers - 15 hours 30 min ago



This influencer is spurring women to maximize their savings and invest in the stock market
CNBC - 13 hours 49 min ago
Tori Dunlap's resources on saving, budgeting and investing are helping women help themselves — and each other.
RELATED:
CNBC - Jim Cramer's top 10 things to watch in the stock market Thursday - 19 hours 54 min ago
COMMENTARY:
BusinessInsider - Stock market today: US stocks close mixed but traders enjoy best start to the year since 2019 - 13 hours 1 min ago



Apple's new iPad Pro likely to launch in May, ramps up overseas production, Bloomberg News reports - Reuters
Reuters - 13 hours 54 min ago
Apple's new iPad Pro likely to launch in May, ramps up overseas production, Bloomberg News reports  Reuters
COMMENTARY:
BusinessInsider - A former Apple employee leaked details about products he didn't like from his work iPhone, lawsuit says - 1 hour 35 min ago
Indiatimes - Here's why Apple's Phil Schiller is working 80 hours a week - 17 hours 21 min ago



Income Tax Deadline Fast Facts
CNN - 14 hours 3 min ago
Read CNN's Fast Facts about "Tax Day," the annual deadline to file income tax returns in the United States, which generally falls in April.
COMMENTARY:
SCMP - Malaysia delays implementation of luxury goods tax to study its effect on economy, cost of living - 5 hours 19 min ago
AllAfrica - Zimbabwe: Miners Seek Power Tariff Cut, Tax Relief - 14 hours 59 sec ago
Indiatimes - CBIC issues SOP for officials to prevent taxpayer harassment - 14 hours 1 min ago
Wall Street Journal - Tax Refunds Are Here and Destined for the Growing Pile of Debt - 20 hours 9 min ago
BusinessInsider - Puerto Rican tax breaks are luring wealthy newcomers. A millennial says that's bad news for members of her generation with dreams of careers and homeownership. - 23 hours 6 min ago



Tesla deliveries expected to slump on China competition, weak demand
FOX Business - 15 hours 17 min ago
Tesla is expected to release first-quarter delivery figures next week that show a sales slump due to increasing competition in China as well as lower demand due to high interest rates.
RELATED:
Deutsche Welle - Olaf Scholz backs Tesla Germany expansion despite protests - 16 hours 16 min ago
Reuters - Xiaomi takes aim at Tesla in Chinese auto market with $29870 electric car - Reuters - 17 hours 37 min ago
CNBC - Xiaomi releases electric car $4k cheaper than Tesla's Model 3 as price wars heat up - 19 hours 52 min ago
COMMENTARY:
New York Post - Tesla faces new rival in China as smartphone maker Xiaomi unveils first electric car - 16 hours 7 min ago
BusinessInsider - Justin Bieber, Theo Von, and Jay-Z have all been spotted with Tesla's Cybertruck. Here's a list of the celebs flexing the new status vehicle. - 18 hours 25 min ago
SCMP - Xiaomi surprises with lower-than-expected pricing on new EVs, in new challenge to Tesla - 18 hours 44 min ago



This week's personal loan rates edge up for 3- and 5-year loans
FOX Business - 16 hours 19 min ago
The latest trends in interest rates for personal loans from the Credible marketplace, updated weekly.
COMMENTARY:
AllAfrica - Mozambique: Bank Cuts Its Reference Interest Rate - 2 hours 55 min ago
BusinessInsider - Personal Loan Interest Rates Today | Find The Best Rates - 11 hours 36 min ago
The Straits Times - High US interest rates may stay if stocks continue to soar - 12 hours 9 min ago



Toyota could introduce electric, plug-in Tacoma and Tundra pickups
CNBC - 16 hours 19 min ago
Toyota is evaluating an expansion of its U.S. truck lineup that could include all-electric or plug-in hybrid electric versions of its Tacoma and Tundra pickups.



Alaska Airlines passenger reunited with dog after airline ‘misstep’ loses pet during loading
FOX Business - 16 hours 22 min ago
A dog named Moose was found safe on Thursday morning after Alaska Airlines lost the pet while trying to load the dog onto a flight, the airline said.
RELATED:
FOX Business - One injured after Frontier Airlines plane evacuated over ‘strong odor’: report - 20 hours 11 min ago



Sam Bankman-Fried: The rise and fall of the FTX crypto mogul
Deutsche Welle - 16 hours 41 min ago
Sam Bankman-Fried, the former billionaire cryptocurrency wunderkind, has finally been sentenced over his conviction for stealing $8 billion from customers of the now-bankrupt FTX exchange he founded.
RELATED:
Deutsche Welle - FTX crypto trial: The rise and fall of Sam Bankman-Fried - 16 hours 41 min ago
FOX Business - Former crypto king Sam Bankman-Fried set for sentencing - 23 hours 8 min ago
COMMENTARY:
AllAfrica - Ethiopia: From Shadows to Spotlight - Why Ethiopia Became Latest Scene for Cryptocurrency Rush - 2 hours 47 min ago
Indiatimes - Who is Sam Bankman-Fried, the onetime crypto mogul sentenced to 25 years in prison? - 15 hours 50 min ago
SCMP - Hong Kong businesswoman loses HK$41 million in alleged cryptocurrency trading scam - 20 hours 24 min ago
The Guardian - Sam Bankman-Fried to be sentenced for multibillion-dollar crypto fraud – live - 20 hours 44 min ago



BlackRock CEO Larry Fink tells a 'tale of two parts of the economy'
FOX Business - 17 hours 15 min ago
No S&P bubble, but more rate hikes? BlackRock CEO Larry Fink details a market with large-cap momentum but looming Federal Reserve and macroeconomic uncertainty.
RELATED:
CNBC - BlackRock CEO Larry Fink says 65 retirement age is too low. Here's what experts say - 19 hours 16 min ago
FOX Business - FTX CEO John Ray has harsh words for Sam Bankman-Fried - 21 hours 51 min ago
COMMENTARY:
New York Post - Inside the chaos at Glosslab: unlicensed nail techs, $300 Uber trips and an ‘absentee’ CEO - 13 hours 5 min ago
Wall Street Journal - Eventbrite to Boost User, Product Experience Through AI, CEO Says - 14 hours 9 min ago
The Hindu - DUDigital appoints Manoj Dharmani as CEO  - 16 hours 3 min ago



Zepbound Shortages: Rite Aid, Amazon Confirm Weight-Loss Drug Issues - Bloomberg
Bloomberg - 17 hours 18 min ago
Zepbound Shortages: Rite Aid, Amazon Confirm Weight-Loss Drug Issues  Bloomberg
COMMENTARY:
BusinessInsider - Here's the AI company Amazon's betting billions on - 16 hours 29 min ago
New York Post - Amazon reportedly to spend $150B to build data centers needed for AI boom, ‘get closer to customers’ - 17 hours 42 min ago



'Shark Tank' star Barbara Corcoran reveals when housing prices ‘will go through the roof’
FOX Business - 20 hours 46 min ago
Once Fed rates reach 6% low, Barbara Corcoran predicts home prices will skyrocket because "everybody's going to charge the market" to "come out and buy."
COMMENTARY:
New York Post - ‘Nepo’ housing market has over a third of Gen Z, millennials parents helping with downpayment: survey - 18 hours 39 sec ago



Oil prices advance on tighter supply outlook - Reuters
Reuters - 21 hours 31 min ago
Oil prices advance on tighter supply outlook  Reuters



China lifts wine tariffs on Australia amid improving ties
Deutsche Welle - 22 hours 32 min ago
China enforced heavy tariffs on Australian wine in 2020 due to political grievances, among them Australia's backing of a global inquiry into the origins of COVID-19.
RELATED:
Deutsche Welle - China lifts heavy wine tariffs on Australia amid improving ties - 22 hours 32 min ago
COMMENTARY:
The Straits Times - Australia wants businesses to diversify trade markets after lessons from China wine tariffs - 2 hours 45 min ago
Wall Street Journal - China will lift tariffs on imports of Australian wine after more than three years, testing the appetite of producers to return to one of the world's most lucrative markets. - 4 hours 8 min ago
The Independent - China lifts heavy tariffs placed on Australian wine during Covid in sign of improving ties - 5 hours 25 min ago
New York Times - China Lifts Punishing Tariffs on Australian Wine - 15 hours 2 min ago
Sydney Morning Herald - China drops tariffs on Australian wine - 23 hours 46 min ago



Economic impact from Baltimore bridge collapse will be long-lasting, trade group warns
FOX Business - 23 hours 9 min ago
A trucking industry expert warned the economic damage from the Francis Scott Key Bridge collapse are going to be significant and long lasting because of its importance to the area.



Gemini fallout: Former Google employee warns of ‘terrifying patterns’ in company’s AI algorithms
FOX Business - 23 hours 38 min ago
A former high-level Google employee said "terrifying patterns" were found in Google's algorithms and suggested what went wrong with the Gemini chatbot.
COMMENTARY:
BusinessInsider - Google Pixel Watch 2 review: Accurate GPS and a fast processor make it a great smartwatch for Android users - 15 hours 14 min ago
The Hindu - The European Commission probe against Apple, Meta and Google for non-compliance with fair market provisions | Explained - 15 hours 59 min ago