A federal judge in New York ordered Argentina on Monday to sell its majority stake in oil firm YPF, the latest blow to Buenos Aires in a decade-long international legal saga. To partially satisfy the outstanding sum, Preska on Monday ordered Argentina to transfer its 51 percent stake of YPF to an intermediary, with instructions that the shares then be handed over to the plaintiffs.
Chinese consumer inflation ticked up slightly in August to a six-month high, official data showed Monday, but the reading missed expectations and did little to soothe worries about sluggish spending in the world's number two economy.
Google faces its second major antitrust trial in less than a year on Monday, with the US government accusing the tech giant of dominating online advertising and stifling competition. Her decision on whether Google has broken antitrust law will come months after the trial.
Apple is expected to release its latest line of iPhones on Monday that will feature generative AI capabilities as the tech behemoth looks to bolster sales of its iconic device. By adding AI capabilities, Apple is looking to "shake that expectation" that iPhone launches are "just steady improvements in hardware and software," said Techsponential analyst Avi Greengart.
Matthew Day was keen to find out if an artificial intelligence-packed Google Pixel 9 smartphone could tell him a great local fishing spot. "I asked it a question and it gave me a quick answer," Day said as he checked out the Pixel 9.
Boeing has agreed on a preliminary new contract with union leaders that includes a hefty wage hike that would avert a strike in the Seattle region, the two sides announced Sunday. If workers ratify the contract, Boeing would follow in the steps of the United Parcel Service, which narrowly averted a strike in July 2023 after reaching agreement with the Teamsters union.
Greek Prime Minister Kyriakos Mitsotakis on Sunday announced that a fee of 20 euros will be imposed on cruise passengers visiting the popular islands of Mykonos and Santorini. "The cruise industry has put a strain on Santorini and Mykonos, so the fee will be 20 euros," he added.
The naira weakened against the British pound in the black market to N2,113.8 per pound following sustained pressure from travellers and importers in the FX market.
Amina Sohail veers through heavy traffic to pick up her next passenger –- the sight of a woman riding a motorcycle drawing stares in Pakistan's megacity of Karachi. "I don't focus on people, I don't speak to anyone or respond to the hooting, I do my work," said Sohail, who joined a local ride-hailing service at the start of the year, transporting women through the dusty back streets of the city.
Growth capital firm Aurea on Saturday announced the completion of its acquisition of UK-based cosmetics group The Body Shop, renowned for ethical hair and skin products. Soon after, The Body Shop announced it would shutter almost half of its 198 stores in Britain.
Economy
Load more