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BlackRock to initiate auction for Amazon aggregator once valued at $1 bn

An advertisement published Friday in the Börsen-Zeitung newspaper stated that the auction for the L Catterton-backed firm has been scheduled for Sept. 17 at a Berlin hotel

Google to allow some users to generate images of people after scandal

In February, Google came under fire for its image-generation tool, which depicted historically inaccurate scenes, including incorrect racial depictions

UBS lowers China growth forecasts on deeper-than-expected property downturn

With China's economic momentum subdued since March amid the real estate downturn and a tight fiscal policy stance, the investment bank now expects gross domestic product to expand 4.6 per cent

China proposes new curbs on grain imports in order to boost local prices

The move, ahead of a forecast bumper grains harvest this year, is the latest effort by China to ease domestic oversupply and bolster local prices

China's two richest people lose billions in record-breaking stock selloffs

China's wealthiest person, Nongfu Spring Co. founder Zhong Shanshan, lost some $3 billion as the beverage giant's shares fell by a record 10 per cent

Pavel Durov's arrest highlights Russia's love-hate bond with Telegram

France's arrest last weekend of Telegram's billionaire founder Pavel Durov, who fled Russia for Dubai a decade ago, has been almost universally condemned in his native country

Warren Buffett's Berkshire Hathaway tops $1 trillion in market value

The conglomerate's strength comes as optimism for the economy builds, with the Federal Reserve expected to cut interest rates at its September meeting

Content moderator sues TikTok in UK alleging toxic work environment

"I felt offended, harassed and degraded in a toxic work environment," Altamirano alleged. The stress allegedly lead to anxiety, depression and complications in her pregnancy

Saudi Arabia's sovereign wealth fund refinances $15 bn loan with banks

The PIF, as the fund is known, has spent much of the year hunting for new sources of cash as it looks to push ahead with a massive investment plan intended to help diversify the Saudi economy

Warren Buffett shrinks stake, sells more BofA shares worth $982 mn

Buffett has held silent about his reasoning while whittling the highly profitable bet - an investment that began when the stock was trading near $5 in 2011

Musk's legal fights likely to boost longshot Texas bid to become court hub

Speculation is mounting that litigious newcomers like Musk could help Texas pull off what has so far been the impossible and dethrone Delaware as a court hub

BYD eyes 50% overseas sales after it posts strong first half results

Rising overseas shipments contributed to a record June quarter for deliveries for BYD, with the company posting a 40 per cent year-on-year increase in electric and plug-in hybrid sales

Telegram CEO Durov to face off with Judge when four-day detention ends

Under local laws, Durov's detention can't last beyond 8 p.m. Paris time - a total of 96 hours of police questioning

Indian banks spending less on cybersecurity than global peers, says BCG

Digital payment frauds saw a more than fivefold jump to Rs 1,460 crore ($175 million) in the year ended March 2024 from the previous year

Seven & I seeking govt protection tests Japan's appetite for reform

The Japanese operator of 7-Eleven stores is seeking designation as a core company under the Foreign Exchange and Foreign Trade Act

Musk's SpaceX again delays launch of first-ever private spacewalk mission

After Tuesday's initial launch was scrubbed because of a helium leak, SpaceX said it was standing down from lift-off opportunities on Wednesday and Thursday because of unfavourable weather forecast

Apple cuts 100 jobs in digital services group as priorities shift

The layoffs included some engineering roles, and the biggest cuts were made to the team responsible for the Apple Books app and Apple Bookstore

Pilot shortage in Japan threatens its goal for 60 million tourists by 2030

Japan currently has about 7,100 pilots and the government projects another 1,000 will be needed by 2030 to help meet its target of attracting some 60 million tourists that same year.

Chief adviser Yunus can't delay B'desh election for too long, says BNP

The BNP wants to avoid a repeat of the past, where an army-controlled caretaker government in 2006 stayed beyond its mandated three months and delayed the voting by about two years

Booming primary market in India lures funds away from pricey stocks

The divergence comes as Indian secondary-market stocks are among the priciest in the world, at about 24 times 12-month forward earnings