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19879 articles published since 08 Mar 2022

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France to auction superyacht seized in money-laundering case
France to auction superyacht seized in money-laundering case
Business and Economy

French authorities will put up for sale Thursday a superyacht seized in a money laundering case involving a Belarusian national, according to the state agency for handling confiscated assets. Belarusian national Chaslau Koniukh has been identified by French authorities as the owner of the yacht as well as a villa on the French Riviera.

Shell plans to cut more costs, boost gas sales
Shell plans to cut more costs, boost gas sales
Business and Economy

British energy giant Shell on Tuesday announced plans to slash costs by billions of dollars and increase shareholder returns, as it focuses on its liquified natural gas (LNG) business. That is an increase from its previous target of $2 billion to $3 billion in cost reductions by the end of 2025, which had involved hundreds of job cuts in its oil and gas division.

Tesla sales sink by nearly half in Europe
Tesla sales sink by nearly half in Europe
Business and Economy

Tesla sales plunged in the European Union in the first two months of the year, auto industry figures showed Tuesday, as Elon Musk's politics and ageing models may be turning consumers away. Concerns about reliability and a massive recall of Cybertrucks, which are not even sold in Europe, could also have played a part in turning off European consumers, Noel added.

Samsung TV pioneer Han Jong-hee dead at 63
Samsung TV pioneer Han Jong-hee dead at 63
Business and Economy

Samsung Electronics co-CEO Han Jong-hee, credited with boosting the South Korean tech giant's television business on the global stage, died of a heart attack Tuesday aged 63, the company told AFP. "He died from cardiac arrest today," a Samsung spokesperson said, adding that Han was survived by his wife and three children.

Most Asian markets track Wall St on tariff hope
Most Asian markets track Wall St on tariff hope
Business and Economy

Equities mostly rose in Asia on Tuesday, extending Wall Street's rally on easing fears over Donald Trump's planned tariffs, while traders were also looking ahead to the release of key US inflation data. Eyes are also on the release this week of US personal consumption expenditure data, which is the Federal Reserve favoured inflation metric.

Crackdown on opposition tips Turkey into financial turbulence
Crackdown on opposition tips Turkey into financial turbulence
Business and Economy

The arrest of Turkish President Recep Tayyip Erdogan's leading political opponent has sparked a financial firestorm and thrust the hardline leader's economic policies under scrutiny. He has spent two years trying to draw back investors who had turned away from Turkey due to political tensions and Erdogan's unorthodox monetary policy.

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