BUSINESS

A top Swiss court sentenced two PetroSaudi executives to jail terms on Wednesday after finding them guilty over the embezzlement of $1.8 billion from the Malaysian sovereign wealth fund 1MDB. Tarek Obaid, the Swiss-Saudi chief executive of the oil exploration and production company, was sentenced to seven years in prison by the Federal Criminal Court, Switzerland's Keystone-ATS news agency reported.

Top US and Chinese officials exchanged warnings against stoking regional tensions during a meeting in Beijing Wednesday, after China became embroiled in security rows with American allies Japan and the Philippines.

Leading Chinese automaker BYD posted on Wednesday a 24.4 percent rise in net profit for the first half of 2024, boosted by continuing strong demand for electric cars in its home and overseas markets.

The two companies plan to invest approximately $3.5 billion in the construction of the battery cell manufacturing facility.

Laser pistols loaded, hover bikes revved up, lizard-faced aliens in the crosshairs -- the latest "Star Wars" video game hits the shelves on Friday with its French publisher, Ubisoft, in need of a rescue mission.

Some 28 production lines at 14 group companies will suspend operations from Wednesday afternoon.

The layoffs primarily impacted engineering positions, with the most significant reductions in the team responsible for the Apple Books app and Apple Bookstore.

Bangladesh's new authorities on Wednesday opened an investigation into hundreds of enforced disappearances by security forces during the rule of ousted premier Sheikh Hasina, the government said.

In the relatively well-off city of Zwickau, in Germany's former communist east, economic uncertainty and a turbulent history have combined to drive support for the far right ahead of a key regional election.

SpaceX on Tuesday postponed once more its attempt at launching a daring orbital expedition featuring an all-civilian crew that is aiming to carry out the first-ever spacewalk by private citizens.

A surprise improvement in air quality in South Asia in 2022 drove a decline in global pollution, with favourable weather a likely factor, a new report said Wednesday.

When the wife of Indonesian snack seller Surya asked why he stopped sending money home to his West Java village, he broke down, confessing to a gambling addiction that had cost him more than $12,000.

Equity investors stepped cautiously Wednesday ahead of key US data and the release of earnings by tech titan Nvidia that could shine a light on demand for all things artificial intelligence after this year's tech-led markets rally.

Italy and the United States have shown America's Cup defender New Zealand they face a fight to the wire to retain the sailing trophy in the 37th edition of international sport's oldest competition.

UK Prime Minister Keir Starmer meets with German Chancellor Olaf Scholz in Berlin on Wednesday to discuss a new partnership between the countries, on his first bilateral trip since taking office last month.

Kamala Harris returns to the campaign trail Wednesday with a blitz in the battleground state of Georgia, hoping to turn her momentum from the Democratic convention into a solid lead against Donald Trump.

Home prices in the U.S. showed a notable increase in June.

Ryanair will have to forgo millions of ticket sales this year because of delayed jet deliveries from Boeing, the low-cost airline's chief executive Michael O'Leary said Tuesday.

The temporarily blocked program, called "Keeping Families Together," supports a "parole in place" policy, providing legal relief to undocumented immigrant spouses of American citizens who have lived continuously in the U.S. for at least 10 years.

Maestri will continue to oversee teams responsible for IT, real estate development, and security.

Drivers will be able to deposit money in ATMs and get cash back for purchases like fuel

They were nicknamed the "Eyebrow Brothers" and there is nothing the Gallagher brothers love more than raising them.

It comes after top election officials sent a letter to Elon Musk, criticizing Grok for disseminating incorrect information about state ballot deadlines.

Durov, the 39-year-old billionaire founder of the messaging platform, was arrested at the Paris airport late on Sunday.

Paramount's board, through its special committee, confirmed the conclusion of the "go shop" period.

US tourist David Madrigal is over the moon after paying $200 for a "vintage" console at a busy Tokyo store that is tapping into booming global demand for retro gaming kit.

Meta CEO Mark Zuckerberg believes US government pressure on his social media platforms to take down certain Covid-19 content in 2021 was "wrong," and said he would resist similar attempts in the future, according to a letter submitted to a US congressional committee.

China is the "biggest disruptor" of peace in Southeast Asia, the Philippine defence chief said Tuesday, as tensions between Manila and Beijing over disputed reefs and waters in the South China Sea escalate.

Asian markets slipped Tuesday following a tepid day on Wall Street as traders took a breather from a recent rally fuelled by bets on a US interest rate cut, while oil eased from a surge caused by Middle East tensions.