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Black girl Daya Brown accepted into over 50 colleges with $1.3 million scholarships
Evergrande enters debt restructuring plan with creditors
Chinese property developer Evergrande said it has entered into a restructuring agreement with a group of international creditors, in what could be a breakthrough deal toward easing the developer's massive debt.
Credit Suisse chiefs face the music at AGM
Credit Suisse shareholders will get their first chance to voice their frustrations at the beleaguered bank's takeover by UBS, at its annual general meeting in a Zurich concert venue Tuesday. UBS is facing its own annual general meeting in Basel on Wednesday and the tone of the Credit Suisse AGM could feed into the mood when UBS chiefs face their shareholders, who also had no say in the takeover.
Asian markets swing as oil surge weighs on Fed rate hopes
Asian markets were mixed Tuesday as concerns about the impact of surging oil prices on inflation offset data indicating a slowing US economy that could allow the Federal Reserve to slow its interest rate hikes. Sydney was down ahead of a Reserve Bank of Australia interest rate decision.
Jury orders Tesla to pay former worker in racism case
A San Francisco jury on Monday ordered Tesla to pay a Black former employee nearly $3.2 million for turning a blind eye to racism at the electric car maker's Silicon Valley plant. The verdict in the retrial was a victory of sorts for Tesla, which had been ordered to pay Owen Diaz $137 million by a jury when the original trial ended in October 2021.
Australia bans TikTok on government devices
Australia said Tuesday it will ban TikTok on government devices, joining a growing list of Western nations cracking down on the Chinese-owned app due to national security fears. Australia is the last member of the secretive Five Eyes security alliance to pursue a government TikTok ban, joining its allies the United States, Britain, Canada and New Zealand.
Disney chief says Florida punishing its free speech
Disney chief Robert Iger on Monday said Florida's governor's is retaliating against the entertainment giant for exercising its right to free speech in an anti-business move that "seems really wrong." "Any action that thwarts those efforts simply to retaliate for a position the company took sounds not just anti-business, but it sounds anti-Florida."
L'Oreal buys Australian brand Aesop from Natura in $2.5 bn deal
L'Oreal announced Tuesday the signing of an agreement with Brazil's Natura & Co to acquire its Australian luxury cosmetics brand Aesop in a deal valued at $2.53 billion. Natura bought British cosmetics company The Body Shop from L'Oreal in 2017.
Soaring inflation wallops Cubans already battling shortages
Cuban retiree Xiomara Castellanos gets a monthly pension equivalent to $13.80. For the equivalent of $1.42 in CUP, Castellanos can get 3.1 kilograms (seven pounds) of rice, a half-liter of oil, seven eggs, 1.3 kg of black beans, 2.7 kg of chicken and a packet of coffee for the month at a dedicated subsidized store.
ADB says developing Asia's growth to accelerate after China reopening
The Asian Development Bank raised its 2023 growth forecast for developing Asia on Tuesday, after China's abrupt loosening of Covid-19 restrictions and reopening of its borders brightened the region's prospects. "Developing Asia's economic prospects are markedly improving on the rapid reopening in the People's Republic of China," the ADB said in its flagship outlook report.
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