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China bans PwC for six months over Evergrande audit
Accountancy giant PwC was banned in China Friday for six months and slapped with a fine of $62.2 million over problems with its audit of beleaguered property company Evergrande. In a separate statement Friday, China's top securities regulator said it had penalised PwC, while another fine in coordination with the finance ministry brought the total to 441 million yuan ($62.2 million).
Troubled Deutsche Bahn sells logistics unit to Danish group
Troubled German rail operator Deutsche Bahn announced Friday the sale of its logistics unit Schenker to Danish group DSV for 14.3 billion euros ($15.8 billion) to create a freight-forwarding giant. The Danish group plans to invest one billion euros in Germany over the next three to five years, Deutsche Bahn said.
Italy busts ring trafficking retro video games from China
Italy's financial police said Friday they have dismantled a ring trafficking counterfeit vintage video game consoles from China containing some of the most popular titles of the 1980s and 90s.
Japan ranks 7-Eleven owner 'core' industry, complicating takeover
The Japanese finance ministry on Friday designated the parent company of 7-Eleven a "core" industry in a move that could make a takeover by Canadian rival Couche-Tard more difficult. Last week Seven & i -- Japan's biggest retailer, which owns the global 7-Eleven convenience store chain -- rejected an initial buyout offer from Alimentation Couche-Tard (ACT).
Boeing workers overwhelmingly vote to strike, reject contract
Boeing workers in the Seattle region overwhelmingly voted to strike Thursday, spurning a contract the embattled aviation giant characterized as a boon for manufacturing staff given the company's stressed financial condition.
Most Asian markets rise as traders gear up for Fed rate cut
Asian markets mostly rose Friday and the yen sat around nine-month highs after another healthy day on Wall Street as investors gear up for an expected US interest rate cut next week. Confidence that the Fed would cut provided support to Wall Street, particularly the key tech sector, with the Nasdaq up one percent.
Support for Trump, questions for Harris in pro-fracking Pennsylvania
For Pennsylvania farmer George Wherry, 85, fracking for natural gas under his otherwise bucolic fields means greater economic "freedom" -- one of the many reasons he'll be voting for Donald Trump in November. A few stalls away, Laura Jean Kahl, who sells fresh produce from her family farm, told AFP that she will be voting for Harris in November for one simple reason: "She's not Donald Trump."
Microsoft cutting more jobs from its gaming unit
Microsoft is cutting about 650 more positions from its gaming unit as it continues to tighten its belt following the blockbuster buyout of "Call of Duty" maker Activision Blizzard. Microsoft in January said it was laying off 1,900 people, or eight percent of staff, from its gaming division as it consolidated the buyout of Activision Blizzard.
US says new Apple AirPods can be hearing aids
Apple on Thursday got a green light from US regulators to add a feature that would let upcoming AirPods Pro ear pieces be used as hearing aids, potentially disrupting that market. Along with the new feature, the AirPods Pro 2, used with iPhones or iPads, will be able to test hearing and create a user's hearing profile stored privately in an Apple Health app.
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