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China Covid curbs disrupt production at world's biggest iPhone factory
Millions of people in China were under tight Covid restrictions on Wednesday as sporadic outbreaks across the country prompted business closures and disruption at the world's largest iPhone factory. But they include an outbreak at a factory in the central city of Zhengzhou that employs around 300,000 people and is known as the largest producer of iPhones in the world.
Would-be crypto investors in Singapore could face risk tests
People looking to trade cryptocurrency in Singapore may soon have to take a test to prove they understand what they are getting into, the central bank said Wednesday, as it looks to prevent clueless investors from bankrupting themselves.
Germany allows smaller Chinese stake in Hamburg port
Germany's coalition government on Wednesday allowed a Chinese firm to take a smaller-than-planned stake in a Hamburg port, after Chancellor Olaf Scholz resisted calls to ban the controversial sale outright. Scholz, a former Hamburg mayor, had supported the sale and has repeatedly stressed the importance of strong trade ties with China.
Mercedes-Benz to sell off Russian assets to local investor
German carmaker Mercedes-Benz is expected to sell its Russian assets to a local investor, the Russian ministry of industry and trade said Wednesday, becoming the latest automaker to exit since Moscow sent troops to Ukraine. "Mercedes-Benz intends to sell its shares in Russian subsidiaries to a local investor," Avtodom, the ministry said in a Telegram statement.
28 dead in Bangladesh cyclone, millions without power
Bangladesh rescue workers found the bodies of four missing crew of a dredger boat, taking the death toll from Cyclone Sitrang to 28 as millions remained without power, officials said Wednesday. Fire department divers found the bodies of four crew of a dredger boat that sank during the storm in the Bay of Bengal.
Deutsche Bank net profit soars five-fold in Q3
Germany's biggest lender Deutsche Bank on Wednesday said its third-quarter net profit had risen more than five-fold year-on-year, far better than expected, as a restructuring programme bears fruit. Deutsche Bank launched a restructuring programme in July 2019, which saw the size of the investment banking division reduced, with the loss of thousands of jobs.
South Africa fear bad luck 'following us' at World Cup
South African fast bowler Lungi Ngidi fears "bad luck is following us" at the Twenty20 World Cup with more rain forecast for their clash against Bangladesh on Thursday in Sydney. "Tomorrow another forecast of rain -- I think we've just got a bit of bad luck following us.
Santander's net profit climbs to 2.4 bn euros in Q3
Spanish banking giant Banco Santander on Wednesday announced an 11-percent increase in net profits year-on-year in the third quarter. Ana Botin, the executive chair of Banco Santander, said the group had delivered a "strong quarter with revenues increasing and profitability remaining above target... supported by our rock-solid balance sheet".
Greeks turn to firewood to heat homes amid energy crisis
Residents of the Athens suburb of Glyfada who are struggling to heat their homes as energy prices soar now have an option -- free firewood from the local council. So the council has stepped in to help with free firewood.
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