Beijing denies involvement in cyber breach at US treasury dept
China rejects accusations of its involvement in a recent cyberattack on the US Treasury
Oil holds steady in thin holiday trade
Brent crude futures ease 4 cents to $74.13 a barrel, while U.S. West Texas Intermediate crude loses 1 cent to $70.59 a barrel
France targets 2025 budget deficit above 5% to sustain growth
To protect growth, we must amend the (budget) bill and aim for a deficit slightly above 5%, says French Finance Minister
Tech companies face tough AI copyright questions in 2025
Copyright owners accuse OpenAI, Anthropic, Meta, and others of using their work to train AI models without permission or payment
US adds 9th telcom to list of companies hacked by Chinese-backed Salt Typhoon cyberespionage
U.S. government guidance adds an unnamed telecom to the list of targets, following past attacks on Verizon, AT&T, and Lumen
Trump urges Supreme Court to delay TikTok divestment deadline
Trump argues that his incoming administration should have the opportunity to seek a "political resolution" to the matter
Manmohan Singh, former Indian prime minister, 1932-2024
As finance minister, he paved the way for a transformative liberalisation of the state-controlled economy
Bangladesh named The Economist’s ‘Country of the Year’ for 2024
“The winner toppled a tyrant and seems headed for something better”, The Economist
World Bank estimates China’s full year growth at 4.9% in 2024
The World Bank's latest China Economic Update raises growth projections slightly for 2024 and 2025 but warns of persistent challenges, including fragile business confidence, high local government debt, and an aging population.
Russia using bitcoin in foreign trade to counter Western sanctions, finance minister says
Sanctions have complicated Russia's trade with its major partners such as China or Turkey
Dubai stock index hits decade high
Other Gulf markets remain subdued as investors anticipate fewer rate cuts by the U.S. Federal Reserve in the coming year
China’s CATL claims new EV chassis withstands 120-km/h frontal impact
CATL forms partnerships with automakers such as Vinfast, BAIC, and Neta to develop models based on this chassis
Taiwan blocks Uber’s $950 million Foodpanda deal over competition concerns
Taiwan's Fair Trade Commission says merger could harm market competition and raise consumer costs
Apple seeks to defend Google’s billion-dollar payments in search case
Apple does not plan to build its own search engine to compete with Alphabet's Google
Toyota marks 10th month of continuous global production decrease
Despite production challenges, global sales rise 1.7% year-on-year to 920,569 vehicles in November, setting a record for the month