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Thai tycoon surrenders over deadly skyscraper collapse
A Thai construction tycoon turned himself in on Friday to face charges of alleged negligence over the collapse of a skyscraper that killed dozens of people in a powerful earthquake, police said.
APEC says 'concerned' over challanges to global trade
The Asia-Pacific Economic Cooperation group said Friday that it was "concerned" over the challenges to global trade, as ministers from APEC countries met in South Korea in the shadow of growing woes from US tariffs. "We are concerned with the fundamental challenges faced by the global trading system," trade ministers from the 21-member group said in a joint statement.
Asian markets stagger into weekend as trade rally runs out of legs
Markets limped into the weekend as investors consolidated gains fed by the China-US trade war hiatus, having enjoyed one of their best weeks since Donald Trump unloaded his "Liberation Day" tariff bazooka last month.
Take-Two earnings boost delayed along with 'GTA VI'
Take-Two Interactive on Thursday dialed back earnings expectations for the current fiscal year due to the delayed release of keenly anticipated video game "Grand Theft Auto VI". "The ambition and complexity of Grand Theft Auto VI is greater than any previous Rockstar title."
Nose cone glitch wipes Australian rocket launch
An Australian aerospace firm said Friday it has scrubbed a historic attempt to send a locally developed rocket into orbit, citing a glitch in the nose cone protecting its payload -- a jar of Vegemite. If successful, it would be the first Australian-made rocket to be sent into orbit from Australian soil.
US rests case in landmark Meta antitrust trial
The US government rested its case against Facebook-owner Meta on Thursday, as it tries to persuade a US judge that the tech giant bought Instagram and WhatsApp to neutralize them as rivals.
Coinbase expects data breach to cost it up to $400 mn
Coinbase on Thursday said criminals bribed and duped their way to stealing cryptocurrency from its users, then tried to blackmail the exchange to keep the crime quiet. "Cyber criminals bribed and recruited a group of rogue overseas support agents to steal Coinbase customer data to facilitate social engineering attacks," the leading US cryptocurrency exchange said in a blog post.
US set to lose $12.5 bn in foreign tourism in 2025: industry
The United States is on track to lose some $12.5 billion in revenue from foreign tourists this year, a tourism industry group said Thursday, as the Trump administration has led a crackdown in immigrants. The study by the World Travel and Tourism Council (WTTC) and Oxford Economics found that the United States was the only country set to see a drop in spending from foreign tourists this year.
US retail sales little changed, signs of pullback after pre-tariff rush
Retail sales in the United States were near-flat in April, government data showed Thursday, with indications that spending is slowing after consumers rushed to beat higher prices from President Donald Trump's sweeping tariffs. Already, major retailer Walmart warned Thursday of higher prices and continued uncertainty over tariffs.
AFP
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