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Diaspora set to rush home as China dismantles Covid Zero, opens borders

The reopening of China's borders marks the end of Covid Zero, a strategy that left it isolated for three years and weighed heavily on its economy

China reopening may add almost 1% to Australia's economic output: JPMorgan

Chinese student and tourist arrivals may add nearly one percentage point to Australia's economic output over the next two years, according to JPMorgan Chase & Co

Jack Ma to cede control of Ant Group following China's tech crackdown

The company will give 10 individuals, including the founder, management and staff, voting rights independently, effectively removing Ma's voting control of Ant, according to an announcement

Trump, his company and three of his children ordered to face NY fraud suit

The Trumps' motion to dismiss the civil fraud suit brought by New York Attorney General Letitia James was denied Friday by state court Justice Arthur Engoron

US hiring solid but wages cool, giving Fed room to slow rate hikes

Non-farm payrolls increased 223,000 in December, capping a near-record year for job growth, a Labor Department report showed on Friday

Teslas now over 40% cheaper in China as prices cut again amid competition

Tesla already cut prices in China last year to boost sales as competition heats up in both the mass and premium segments

Tesla's board takes more heat over Elon Musk succession planning

Karen Róbertsdóttir has submitted a resolution for Tesla investors to vote in May on whether the board should prepare and maintain a key-person risk report

Prefer cheaper European stocks to US equities: Citigroup strategists

With recession now also looming in America, investors are turning their back on expensive mega caps and focusing on Europe's cheap valuations

Gautam Adani among potential suitors for a stake in govt-backed PTC

NTPC, NHPC, Power Grid, and PFC looking to sell stakes of around 4% each

Half of the world's workforce works too much or too little: ILO report

The ILO report also examined the mismatches between workers' actual hours of work and their preferred hours of work

Cerberus drops purchase of Apollo's Unit after Arcion Revitalization deal

The US firm's Indian arm decided not to proceed with the deal in October after agreeing to acquire Arcion Revitalisation Pvt. for about 2 billion rupees ($24 million)

Rupee, worst emerging Asia currency of 2022, likely to fall further

RBI may mop up any inflows to boost its foreign-exchange reserves, a move that may also work against the rupee

Twitter security headaches mount with data leak of over 230 mn users

The database, which was posted on Wednesday, contains the names and email addresses of politicians, journalists and bankers, among others

Laid-off Twitter workers await severance pay, Musk in for legal trouble

Twitter faces multiple suits over unpaid bills, including for private chartered plane flights, software services and rent at one of its San Francisco offices

Samsung profit tumbles by 69% in historic drop on chip price falls

The crisis in the memory chip market has been further exacerbated by US sanctions on some chip-related exports to China, hurting demand from some of Samsung's key clients

First Abu Dhabi Bank PJSC explored offer for Standard Chartered

A deal would create a bank with over $1 trn of assets; FAB has been assessing a deal for over 6 months

Mukesh Ambani to focus on green energy as scions helm other Reliance units

Reliance is seeking billions of dollars of investments in India's energy sector and has approached potential investors including Middle Eastern funds, two of the people said

Tech companies continue slashing jobs amid uncertain 2023 economy

Layoffs that began in 2022 are accelerating across some technology companies

China pauses massive chip investment to compete with United States

Top officials are discussing ways to move away from costly subsidies that have so far borne little fruit

EU's privacy watchdog fines Meta $414 mn for ads based on online activity

EU's privacy watchdog tells firm it can't use its contracts with users to justify sending them such ads