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Author's articles
JPMorgan Chase profits top estimates, bank sees 'resilient' US economy
JPMorgan Chase reported a dip in profits on higher costs Friday while still topping expectations as executives described US consumers as healthy and the economy as poised to avoid recession.
EU questions shopping app Temu over illegal products risk
The EU on Friday told Chinese-founded e-commerce platform Temu to hand over more information as it suspects the site is failing to do enough to stop the sale of illegal products. The European Commission, the EU's powerful digital watchdog, said it demanded Temu explain what measures have been taken to stop traders appearing and reappearing on the platform "selling illegal products".
Han Kang's books sell out in South Korea after Nobel win
Major South Korean bookstores sold out of author Han Kang's books Friday, as sales skyrocketed and the share price of local publishers soared following her historic Nobel Prize win. It was like I won the award really," she told AFP. "A South Korean winning the Nobel literature prize is just crazy." hs-cdl/ceb/dhw
UK economy rebounds in August in boost to new govt
Britain's economy bounced back in August, official data showed Friday, boosting the new Labour government ahead of its maiden budget later in October. - 'Mild slowdown' - Revised official growth data revealed last month that Britain's economy grew less than initially estimated in the second quarter.
Investors, analysts eye bigger China stimulus at Saturday briefing
Investors and analysts expect China to unveil billions of dollars in new stimulus for its troubled economy Saturday as officials battle multiple headwinds including a prolonged housing crisis and sluggish consumption.
EU chief says China must 'adapt its behaviour' to solve trade row
China must "adapt its behaviour" to solve an escalating tariff row with Europe, EU chief Charles Michel said Friday, warning of the dangers of the dispute escalating into a full-blown trade war. "We count on China to adapt its behaviour and to understand that we have to rebalance the economic relationships for more fairness, for fair competition, for a more level playing field."
Asian markets mixed after Wall St drop, Shanghai dips before briefing
Most Asian markets were mixed Friday as investors digested disappointing US inflation data that further dampened expectations for another bumper interest rate cut next month. Tokyo ended the morning on the front foot thanks to a weaker yen as investors scale back expectations for US rate cuts, while Singapore, Seoul, Wellington, Taipei and Jakarta also edged up.
Automaker Stellantis says CEO will retire in 2026
The struggling auto giant Stellantis said late Thursday that its CEO Carlos Tavares will retire in 2026 when his contract runs out and it is now looking for a successor. At the same time, he said he might retire in January 2026.
Internet Archive reels from 'catastrophic' cyberattack, data breach
The Internet Archive, an online repository of web pages, was offline Thursday after its founder confirmed a major cyberattack that exposed the data of millions of users and left the site defaced. It operates a web archive called the Wayback Machine, which has captured snapshots of millions of internet pages.
AFP
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