Page 1083 - World News

Telegram founder Durov's various citizenships add mystery to his detention

Those passports provided Pavel Durov protection after he created and ran Telegram as a self-proclaimed free-speech absolutist

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

Gold pressured by stronger dollar, with Nvidia, US inflation data in focus

Markets are focused on the looming U.S. personal consumption expenditure (PCE) data, the Fed's preferred measure of inflation, due on Friday

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

National Bank of Canada's profit rises on wealth management, strong markets

National Bank of Canada's upbeat results come in contrast to rival Bank of Montreal, which reported a drop in quarterly adjusted profit on higher loan loss provisions

Indian woman falls into sinkhole in Kuala Lumpur, video goes viral

Indian national Vijaya Lakshmi Gali was on her Malaysia trip of two months with her husband and several friends; they were supposed to return on Saturday

Satellites to beam sunlight down to earth at night, says California startup

A California-based startup plans to send satellites with mirrors in space to reflect sunlight onto solar farms at night. They aim to boost solar energy production by providing sunlight after dark

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

British PM Keir Starmer in Berlin for talks to reset ties with Europe

Military support for Ukraine if former U.S. President Donald Trump returns to the White House early next year.

Scandinavian airline SAS hails 'new era' as it exits US bankruptcy process

"Now, we must look ahead and complete the transformation that we have started," van der Werff said

As far right rises in Germany, firms struggle to attract foreign workers

The far-right Alternative for Germany party, or AfD, is currently leading the polls with about 30 per cent support, far ahead of the centre-right Christian Democrats (21 per cent)

Traders observe daylong strike across Pak to protest rising costs, taxes

Stores were shuttered in Pakistani capital of Islamabad, the nearby garrison city of Rawalpindi, as well as in the city of Lahore, the country's culture capital, and the main economic hub of Karachi