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A massive $188 bn exodus shows China's heft fading in world markets

Foreign holdings of the nation's equities and debt have fallen by about 1.37 trillion yuan ($188 billion), or 17%, from a December-2021 peak through the end of June this year

Demand for champagne softens after post-Covid boom years, says LVMH

"2023 is a bit more complicated, because this effect of Covid is fading out, and there's a lot of inflation in all countries," Schaus said. "So we see that we are going back to normal

World disappointed by United Nations now looks elsewhere for answers

With dozens of world leaders descending upon New York for the United Nations General Assembly's annual gathering, global problems are showing up fast and thick at the world body's door

Sanjeev Gupta returns to UK after absence since GFG Alliance fraud probe

Gupta, who now lives in Dubai, has traveled to the UK to visit a sick relative as well as for business meetings, according to people familiar with the matter

Bumper harvest of Russian wheat halves world prices from wartime high

"There are not a lot of competitors for Russian wheat," said Helene Duflot, a grain-market analyst at Strategie Grains. "Russia is the price maker at the moment"

Brent oil prices top $94 a bbl, up for a third week on supply curbs

The International Energy Agency and Organization of Petroleum Exporting Countries both warned this week that the market would be in deficit through year-end

SoftBank left millions on the table to engineer a win for Masayoshi Son

as he and other top executives met with bankers to plot this week's initial public offering for Arm Holdings Plc, the focus was making sure the sale would go off without a hitch

TotalEnergies in talks to invest in Adani Green's projects: Report

The deal would increase Total's presence in the fast-growing Indian energy market, while giving Adani Green more means to develop new renewable energy projects

Google's Sundar Pichai joins CEOs in White House meeting on immigration

President Joe Biden's administration has requested $600 million from Congress for housing, and said it will work with cities to facilitate work permits for eligible asylum seekers

Private jet veers off runway in Mumbai causing more than 100 flight delays

The runway was closed for almost two hours and reopened after the Directorate General of Civil Aviation gave clearance following safety checks, a representative for the airport said

Xiaomi supplier to open smartphone plant as India pushes for local

Beijing-based Xiaomi has been compelled to partner with Dixon for smartphone assembly because India is pressing Chinese companies to localize everything from manufacturing to distribution of devices

Cheap cash to tax breaks: Here's how China subsidises its EV sector

Essentially, subsidies and support for any industry in China are usually a mix of payments and benefits at local, provincial and national levels

Byron Allen submits $10 billion bid for ABC, other Disney networks

Allen is basing his offer on the assumption that the properties generated $1.25 billion in earnings before interest, taxes, depreciation and amortization over the past 12 months

Apple Inc taps new leader for 'secret' team developing glucose tracker

The group working on the glucose tracker resides within Apple's semiconductor organization because the system relies on an advanced chip-based system

Google's search defaults prey on power of habit: Expert in antitrust trial

"Search engine defaults generate a sizable and robust bias towards the default," Rangel said. "Defaults have a powerful impact on consumer decisions"

Extreme weather turns up the heat on long-term investment in agriculture

Rising global temperatures threaten to damage crops that rely on predictable weather, which will likely lead to higher food prices

Elon Musk's denial of Ukraine's Starlink request prompts senate probe

Chairman Jack Reed said in a statement Thursday the reports on the use of Starlink exposed "serious national-security liability issues and the committee is engaged on this issue"

Tech leaders discuss artificial intelligence policy in senate meeting

The meeting, which was organised by Senate Majority Leader Chuck Schumer included personalities with diverging views on how to write the rules for AI

Twitter's mass layoff severance fight now heads to settlement talks

The private negotiations with a mediator are set for Dec. 1 and Dec. 2, according to the memo

Cipla founding family's stake sale in jeopardy over $13 bn valuation target

Negotiations between the family members and prospective buyers, including companies in the industry and private equity firms, are no longer moving forward