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China sees record-high youth unemployment rate at 20.4%, likely to worsen

The jobless rate for 16-to-24 year olds hit 20.4% last month, nearly four times the national rate, data from the National Bureau of Statistics showed Tuesday

Here's how much wealth you need to join the richest 1% across globe

Switzerland and Australia have the next highest entry points to the 1%, requiring net worth of $6.6 million and $5.5 million, respectively, according to data released Wednesday

Elizabeth Holmes loses final bid to stay out of prison in fraud conviction

Theranos Inc. founder will soon have to report to prison to begin her 11 1/4-year sentence after she was convicted by a jury last year of defrauding investors

Billion new ACs will save lives from soaring temps but will cook the planet

But expanding AC coverage too quickly also threatens to worsen the crisis it's responding to. Most units use a refrigerant that's far more damaging than carbon dioxide

Elon Musk criticises working from home as 'morally dubious practice'

Musk has been a strong advocate for return-to-office policies and issued an ultimatum to Tesla employees last summer, requiring employees to spend a minimum of 40 hours in the office per week

ServiceNow joins AI wave in partnership with Microsoft, OpenAI: Report

Most of the big technology companies have announced new AI features this year, many of which in partnerships with OpenAI

Global economy risks stalling as China, Germany juggernauts slow: Report

The latest data suggest that key parts of the upbeat case for a global pickup aren't working out as hoped

Alleged Russian hacker charged in $200 million ransomware spree: Report

Ransomware groups typically hack into computer networks and deploy malicious software that encrypts computers and makes them unusable

Death rate gap between Black, White Americans hits a 20-year high

Black people in the US saw more than 1.6 million excess deaths when compared to the country's White population over the last two decades

Warren Buffett's Berkshire reworks banking bets amid turmoil, exits TSMC

The conglomerate was a net seller of equities in the quarter, pocketing $10.4 billion from stock sales after deducting purchases

Twitter Inc, Saudi Arabia sued for allegedly helping to silence critics

The suit claims the Saudis have targeted numerous dissidents since the murder of Jamal Khashoggi

Wells Fargo accused of misleading statement, to pay $1 billion in lawsuit

The investors sued the bank in 2020 claiming that its former chief executive officer, Tim Sloan, and other executives made misleading statements in testimony

OpenAI's CEO Altman casts global gaze in urging AI regulation in US

Congress is debating the potential and pitfalls of artificial intelligence as products like ChatGPT raise questions about the future of creative industries and the ability to tell fact from fiction

Big money rushes into carbon capture and storage. Can it deliver this time?

But after decades of failing to reach the scale needed to make a real difference, the people responsible for approving generous subsidies and directing billions in investment want proof

Singapore Airlines reports record annual profit in 76-year history

The airline said it could ramp up operations at short notice when demand for air travel surged after Singapore fully reopened its borders in April 2022

Credit Suisse deal set to face historic parliamentary probe in its collapse

The oversight committees of both houses voted in favor of installing a parliamentary inquiry commission, or PUK, on the sale of Credit Suisse announced in March

UK doesn't work for other global regulators, says Antitrust head Cardell

Sarah Cardell, the Competition and Markets Authority's chief executive officer, was asked by UK lawmakers how often the agency had been in discussions with the US Federal Trade Commission

Alphabet Inc adds $115 billion in value after defying AI doubters

With excitement around AI building, Alphabet had largely missed out on the stellar gains seen by many of its tech peers

Home Depot cuts outlook as softening demand hits first quarter sales

The company now expects comparable sales to decline as much as 5% this fiscal year - the first annual fall in 14 years - following a bad start to the year affected by lumber deflation and poor weather

Senior Tesla executives to visit India this week in pivot beyond China

The executives are scheduled to meet govt representatives including those from the office of Prime Minister Narendra Modi to discuss local sourcing of components for Tesla's models