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Swiss prosecutors widen FIFA probe to former UEFA president Platini

Former UEFA president Michel Platini during a press conference in Paris, France, June 10, 2015. /VCG Swiss federal prosecutors are targeting former European football head Michel Platini in a w

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U.S. trade deficit widens in April amid COVID-19 fallout

The overall U.S. trade deficit widened by 16.7 percent in April as the COVID-19 pandemic weighed on both imports and exports, the U.S. Commerce Department reported Thu

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Preorders for 4th Zhang Yixing album exceed 1.5m copies

Pop singer-songwriter Zhang Yixing's fourth album Lit, which began welcoming preorders on May 29, sold over 1.5 million copies within eight minutes on major music streaming platforms under Tencent

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What's China's new foreign investment law like?

China's new foreign investment law is widely regarded as a milestone in leveling the playing field to attract foreign investors and expanding market access in the country's 40-plus years of reform an

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Hong Kong's jobless rate highest in over a decade: 5.2%

Hong Kong's unemployment rate rose to the highest in more than a decade in the February-April period as the coronavirus crisis hobbled activity in an economy already in recession after the often-viol

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Chinese online grocery firm Dada files for U.S. IPO

VCG Online grocery firm Dada Nexus Ltd filed for an initial public offering, making it the latest Chinese firm to opt for a U.S. listing after a strong debut by Kingsoft Cloud Holdings.Dada, w

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China's PPI down 3.1 pct in April

China's producer price index (PPI), which measures costs for goods at the factory gate, fell 3.1 percent year on year in April, data from the National Bureau of Statis

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Deliveroo cuts ~15% of staff as coronavirus challenges food delivery

Is it feast or famine for food delivery startups during the coronavirus pandemic? The UK’s Deliveroo has confirmed it’s axing more than 350 staff — or around 15% of its global headc

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Indian smartphone market grew by 4% in Q1, but projected to decline by 10% this year

India has emerged as one of the fastest growing smartphone markets in the last decade, reporting growth each quarter even as handset shipments slowed or declined elsewhere globally. But the world’s se

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Ghana is the first African country to lift its coronavirus lockdown

FILE PHOTO: Ghana's President Nana Akufo-Addo./REUTERS. After three weeks, Ghana is lifting the coronavirus lockdown in its two biggest cities, Accra and Kumasi starting 1 AM local time on Mon

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Hong Kong's unemployment rate soars to 4.2 pct, highest in over 9 years

Hong Kong's seasonally adjusted unemployment rate increased from 3.7 percent in the period of December 2019 to February 2020 to 4.2 percent in the period of January to

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U.S. jobless claims hit 6 million for second straight week

FILE PHOTO: People gather at the entrance for the New York State Department of Labor offices, which closed to the public due to the coronavirus disease (COVID-19) in the Brooklyn borough of New Y

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China's auto consumption far from ceiling, NEVs need more stimuli

China's automobile production and sales have indeed changed, but in general it still conforms to the law of industrial development, and the industry's long-term stability has stayed unchanged, said t

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China’s Pinduoduo raises $1.1 billion in private share placement

Chinese e-commerce firm Pinduoduo said on Tuesday it had raised $1.1 billion in a private share placement that will enable its further expansion and allow it to capture “additional opportunities” dur

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Sanders says he'll carry on though Biden enlarges his delegate lead

Senator Bernie Sanders, a well-known progressive, said Wednesday he would carry on in the race for the Democratic presidential nomination, one day after former Vice President Joe Biden widened h

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Spotlight: Biden widens lead over Sanders in Democratic presidential primaries

Former U.S. Vice President Joe Biden widened his lead over veteran Senator Bernie Sanders in six-state Democratic presidential primaries on Tuesday. Biden was projecte

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Africa e-tailer Jumia reports first full-year results post NYSE IPO

Pan-African e-commerce company Jumia got into the black (by a small amount) on its gross profit vs. fulfillment expenses, expanded financial services and still posted l