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After chip breakthrough, Huawei launches fresh lineup of phones to challenge Apple in China
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HSBC’s Quinn hands his successor a China challenge
Prospects of a quick pay-off from the country look increasingly remoteFinancial Times - Business - China -
Saracens face fresh blow after Vunipola arrest with Itoje set for suspension
Itoje cited for dangerous tackle during victory against BathVunipola could receive club punishment or RFU chargeSaracens’ woes have been compounded after Billy Vunipola’s arrest in Mallorca with Maro Itoje facing the prospect of a suspension that ...The Guardian - World -
Nvidia is chip sector’s only hope after AMD and Super Micro disappoint
Investors better hope that Nvidia Corp. exceeds Wall Street’s current expectations, after Tuesday’s disappointments by two other favored AI-related companies, Advanced Micro Devices and Super Micro Computer.MarketWatch - Business -
China signaled a new campaign to rekindle flagging growth, a fresh sign of rising angst at the top of China's government over the prospects for the world's second-largest economy.
China signaled a new campaign to rekindle flagging growth, a fresh sign of rising angst at the top of China’s government over the prospects for the world’s second-largest economy.The Wall Street Journal - World - China -
China’s Politburo pledges more support for economy facing ‘many challenges’
Promise of measures to shore up growth comes as high-tech output drives expansion in factory activityFinancial Times - World - China -
China Vanke Shares Slump After Soft Results
The property developer’s shares slumped after it posted soft first-quarter results amid continuing pressure in China’s property sector.The Wall Street Journal - Business - China -
At least 24 dead after highway collapse in China
State media reported that a long section of a highway collapsed Wednesday in southern China, killing dozens.CBS News - World - China -
BlackRock to launch Saudi investment firm after $5bn deal with Riyadh
Latest move by world’s biggest money manager to build ties and win mandates in Middle EastFinancial Times - Business -
Huawei's Net Profit Rose More Than Sixfold
Huawei Technologies’ net profit rose more than sixfold in the first quarter, helped by a jump in the Chinese telecommunication equipment maker’s smartphone sales in China.The Wall Street Journal - Business -
EU, UN reschedule launch of anti-human trafficking project in Cambodia after questions about venue
The European Union and United Nations abruptly rescheduled the launch of an anti-human trafficking program this week after being confronted with questions on the choice of venue: a Phnom Penh hotel owned by a Cambodian tycoon who has another ...ABC News - World - United Nations
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Private payrolls increased by 192,000 in April, more than expected for resilient labor market
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NYCB shares jump after new CEO gives two-year plan for 'clear path to profitability'
CEO Joseph Otting took over NYCB in April after an investor group led by former Treasury Secretary Steven Mnuchin injected more than $1 billion into the lender.CNBC - Business -
Johnson & Johnson will pay $6.5 billion to resolve nearly all talc ovarian cancer lawsuits in U.S.
The deal would allow J&J to resolve the lawsuits through a third bankruptcy filing of a subsidiary company, LTL Management.CNBC - Business -
Pfizer beats revenue estimates, raises profit outlook on cost cuts and strong non-Covid sales
The pharmaceutical giant's quarterly results also benefitted from a smaller-than-feared drop in sales for its Covid antiviral pill Paxlovid.CNBC - Business -
Yum Brands earnings miss estimates as Pizza Hut, KFC sales disappoint
KFC and Pizza Hut reported same-store sales declines, while Taco Bell's same-store sales rose just 1%.CNBC - Business