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Premier League clubs break £3 billion barrier to roar ahead of rivals
Record spending of £3 billion ($4 billion) during the summer transfer window further cements the Premier League as the "most competitive in world football", according to financial experts Deloitte.
Govt gestures leave roots of Indonesia protests intact
Government gestures to calm deadly protests in Indonesia have done little to address the economic inequality and hardship fuelling the unrest, leaving deep resentment to linger and flare up again, experts say. Such conditions mean many Indonesians will still feel the economic pain in the coming months, leaving the door open for fresh protests.
Suntory CEO quits over Japan drugs probe
One of Japan's best-known business people has resigned as CEO of beverage giant Suntory after police raided his house in an illegal drugs probe, the company and media reports said Tuesday. Police searched Niinami's house in August, but he has denied involvement, and no illegal drugs have been found.
Gold rushes to new high as Asia stocks mixed
Gold hit a record high Tuesday as a weaker dollar and expectations of a US interest rate cut made the safe haven an attractive investment. Gold reached $3,501.59 an ounce during early trading in Asia, soaring past its previous record of $3,500.10 in April.
'Vibe hacking' puts chatbots to work for cybercriminals
The potential abuse of consumer AI tools is raising concerns, with budding cybercriminals apparently able to trick coding chatbots into giving them a leg-up in producing malicious programmes. He announced in March that he had found a technique to get chatbots to produce code that would normally infringe on their built-in limits.
Nestle sacks CEO over office relationship
Swiss food giant Nestle on Monday dismissed Laurent Freixe as chief executive with immediate effect over an "undisclosed romantic relationship with a direct subordinate". "The departure of Laurent Freixe follows an investigation into an undisclosed romantic relationship with a direct subordinate which breached Nestle's code of business conduct," a statement said.
UK fintech Revolut valued at $75 bn: source to AFP
British fintech company Revolut has been valued at $75 billion in a secondary share sale, placing it in the leagues of Europe's biggest traditional banks, a source told AFP Monday. A source close to Revolut said on Monday that it is allowing employees to sell shares at a valuation of $75 billion, significantly higher than its previous $45 billion valuation.
Mauritania's Tah takes over as Africa's 'super banker'
Mauritania's former economy minister Sidi Ould Tah took office Monday as head of the African Development Bank, vowing to build a "robust and prosperous" continent despite US aid cuts. The 60-year-old was Mauritania's economy minister from 2008 to 2015 before heading the little-known Arab Bank for Economic Development in Africa for a decade.
Bosnian truckers block deliveries in protest over EU rules
Thousands of Bosnian truck drivers halted deliveries across the country on Monday, threatening to block goods until their demands for more flexible travel conditions and greater support within the European Union are met.
AFP
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