Business — 429 insights
Armed man shot by US Secret Service near White House
Business

Armed man shot by US Secret Service near White House

An armed man was shot by US Secret Service (USSS) agents in downtown Washington on Monday, officials said, prompting a brief lockdown of the nearby White House. The shooting near the National Mall took place just after a motorcade carrying Vice-Presi…

How US tech hegemony is locking out the Global South
Business

How US tech hegemony is locking out the Global South

In global discourse, a script has been handed to us: the United States and China are locked in a “tech race”. But this is really a misnomer. True competition requires a level playing field. When one runner trips the other to ensure victory, it’s not…

Russia orders 2-day ceasefire in Ukraine war to coincide with Victory Day
Business

Russia orders 2-day ceasefire in Ukraine war to coincide with Victory Day

President Vladimir Putin on Monday ⁠ordered a two-day ceasefire ⁠in the conflict with Ukraine on May ⁠8 and 9 to mark Russia’s World War II victory anniversary but Ukrainian President Volodymyr Zelensky countered with his own proposed pause in fighti…

China consul in Mexico calls protectionism a ‘dead end’ as trade tensions with US escalate
Business

China consul in Mexico calls protectionism a ‘dead end’ as trade tensions with US escalate

China’s top diplomat on the US-Mexico border denounced protectionism as a dead end at the weekend, delivering a pointed defence of open trade just weeks before Mexico, the United States and Canada sit down to review the United States-Mexico-Canada Ag…

US’ Bessent urges China to help open Strait of Hormuz
Business

US’ Bessent urges China to help open Strait of Hormuz

US Treasury Secretary Scott Bessent on Monday pressed China to ramp up diplomatic pressure on Iran to open the Strait of Hormuz even as he stressed that the US has “absolute control” over the strategic waterway. “Let’s see [China] step up with some d…

2 dead, 2 injured after car ramming in German city of Leipzig
Business

2 dead, 2 injured after car ramming in German city of Leipzig

⁠Two people were killed and two severely injured when a car ran ‌into a crowd in the centre of the eastern German city of Leipzig on Monday, local broadcaster MDR ⁠reported, citing police. A suspect has been arrested. “A car hit several people on Gri…

Fatal 2022 China Eastern Airlines plane crash points to deliberate fuel cut-off
Business

Fatal 2022 China Eastern Airlines plane crash points to deliberate fuel cut-off

The China Eastern Airlines plane that crashed into a hillside in 2022, killing all 132 people on board, had its fuel supply cut mid-flight, newly released investigative material shows, which bolsters the theory that the aircraft was intentionally bro…

Uzbek PM Abdulla Aripov to join ‘milestone’ 200-member delegation in Hong Kong
Business

Uzbek PM Abdulla Aripov to join ‘milestone’ 200-member delegation in Hong Kong

Uzbek Prime Minister Abdulla Aripov will visit Hong Kong two days after a 200-strong delegation from the Central Asian country arrived in the city via a charter flight on Monday to explore collaboration opportunities. It was understood that a high-le…

Germany jails mother for locking up daughter for 7 years
Business

Germany jails mother for locking up daughter for 7 years

A German woman convicted of keeping her young daughter locked up at home for years was sentenced to five years in prison on Monday. The woman, who had kept her daughter confined to the home of the girl’s grandparents, was found guilty of kidnapping…

Trump family’s crypto project sues billionaire backer Justin Sun
Business

Trump family’s crypto project sues billionaire backer Justin Sun

World Liberty ⁠Financial, the crypto venture co-founded ⁠by US President Donald Trump and his sons, said on Monday it had filed a defamation lawsuit against Hong Kong-based crypto entrepreneur Justin Sun, in the latest escalation of a dispute ‌betwee…

China fireworks factory explosion kills 21, injures more than 60 people
Business

China fireworks factory explosion kills 21, injures more than 60 people

A fireworks factory explosion in Liuyang, Hunan province on Monday has killed 21 people and injured 61 others, state media said. The explosion occurred at around 4.40pm in a workshop at the Huasheng Fireworks Manufacturing and Display Company in the…

AI helps Singapore’s Grab woo tough Southeast Asian crowd, exceed expectations
Business

AI helps Singapore’s Grab woo tough Southeast Asian crowd, exceed expectations

Singapore’s Grab reported first-quarter profit that exceeded analysts’ estimates, helped by resilient demand for ride hailing and delivery in a market rattled by economic and political challenges. Southeast Asia’s biggest ride-hailing and delivery fi…