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Gautam Adani: Billionaire Indian tycoon facing US bribery charges
Gautam Adani: Billionaire Indian tycoon facing US bribery charges
by  AFP

Billionaire Indian industrialist Gautam Adani, whose business empire has been rocked by US bribery charges against him, is one of the corporate world's great survivors. The indictment accuses Adani Group's leadership of bribing Indian government officials to secure lucrative government contracts.

US govt calls for breakup of Google and Chrome
US govt calls for breakup of Google and Chrome
by  AFP

The US government late Wednesday asked a judge to order the dismantling of Google by selling its widely used Chrome browser in a major antitrust crackdown on the internet giant. From this position, Google expanded its tech and data-gathering empire to include the Chrome browser, Maps and the Android smartphone operating system.

India's Adani Enterprises tanks after founder's US charges
India's Adani Enterprises tanks after founder's US charges
by  AFP

Shares in India's Adani Enterprises slumped 10 percent at Thursday's open after US prosecutors charged billionaire industrialist founder Gautam Adani with paying hundreds of millions of dollars in bribes and hiding the payments from investors.

Asian markets mixed as Nvidia falls short of hopes, eyes on Trump
Asian markets mixed as Nvidia falls short of hopes, eyes on Trump
by  AFP

Asian markets were mixed Thursday as another blockbuster earnings from chip titan Nvidia smashed forecasts but still left investors disappointed, while sentiment was also being swayed by geopolitical concerns. Markets in Asia were mixed in early trade, with Tokyo, Hong Kong, Shanghai, Sydney, Taipei and Manila in negative territory, while Singapore, Seoul, Wellington and Jakarta slipped.

Civil war economy hits Myanmar garment workers
Civil war economy hits Myanmar garment workers
by  AFP

As civil war pounds Myanmar's economy and drives up prices, garment worker Wai Wai often starts her shift making clothes for international brands on an empty stomach. It is a rare bright spot in an economy crippled by the military's 2021 coup and subsequent slide into civil war.

Archegos founder jailed for 18 years for massive fraud: US media
Archegos founder jailed for 18 years for massive fraud: US media
by  AFP

The founder of US investment firm Archegos, Bill Hwang, was jailed for 18 years on Wednesday for a multibillion-dollar fraud that contributed to the fund's 2021 implosion, US media reported. "The sentence has to reflect the seriousness of the event," said judge Alvin Hellerstein according to The New York Times, which also reported the 18-year prison sentence.

Nvidia crushes earnings expectations on AI chip demand
Nvidia crushes earnings expectations on AI chip demand
by  AFP

US chipmaking behemoth Nvidia said Wednesday it made a $19 billion profit on record high revenue last quarter as demand continued for its hardware to power artificial intelligence. Nvidia surpassed Apple early this month to become the highest valued company in the world as the artificial intelligence boom continues to excite Wall Street.