The UK just had a major market scare. Now it wants to relax financial rules
Just two months after UK markets suffered their worst meltdown since the global financial crisis, the British government is promising a major relaxation of financial regulation in a bid to shore up the country's banking and insurance industries against growing competition from cities such as Amsterdam and Paris.
Kremlin critic Ilya Yashin sentenced to eight and a half years in prison for spreading 'false information'
A Moscow court on Friday sentenced Kremlin critic Ilya Yashin to eight years and six months imprisonment after finding him guilty of spreading "false information" about the Russian army, according to Russian state media RIA Novosti.
South Koreans are about to get a year or two younger, thanks to a new law
South Koreans are about to get a year or two younger, thanks to a new law passed on Thursday that aims to standardize how age is calculated in the country.
Indian Prime Minister Modi's party wins sweeping victory in Gujarat state elections
India's ruling Bharatiya Janata Party (BJP) scored a landslide election win in Prime Minister Narendra Modi's home state of Gujarat on Thursday, in a boost for the leader and his Hindu-nationalist party ahead of the 2024 general election.
China Eastern takes delivery of the world's first made-in-China C919 jet
The world's first C919, a Chinese-made narrowbody jet, was delivered to launch customer China Eastern Airlines in Shanghai on Friday and took off for a 15-minute flight to mark the historic moment.
Indonesian court clears retired army major of crimes against humanity in Papua shooting trial
An Indonesian court on Thursday acquitted a retired army officer in the fatal shooting of four teenagers in Papua in 2014, crushing hopes the military would be held accountable for alleged abuses in the country's restive easternmost region.
FTC sues over Microsoft's $69 billion acquisition of Activision Blizzard
The Federal Trade Commission on Thursday sued to block Microsoft's $69 billion acquisition of Activision Blizzard, challenging one of the largest tech acquisitions in history.
Peru's new president rules out elections as predecessor Castillo remains detained
Peru's new President Dina Boluarte ruled out early elections on Thursday, her first day in office following the dramatic ousting and arrest of her predecessor Pedro Castillo.
Demand for Rent the Runway is up, but the company is still losing money
A recession may be coming, but consumers still want to look fashionable. Subscription clothing service Rent the Runway reported a more than 30% increase in sales for the third quarter after the closing bell Wednesday.
Oil tankers are getting stuck in the Black Sea. That could become a problem
A bottleneck is building across an important trading route for oil, which if left unresolved could knock global supply and boost prices at a fragile moment for energy markets.