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Economy

ANZ CEO warns of global crisis potential from banking turmoil

Shayne Elliott says it's 'premature' to say Silicon Valley Bank, Credit Suisse woes will cause repeat of 2008 crisis.

TikTok CEO denies sharing data with China to legislators

Shou Zi Chew will testify that app is not an 'agent of China or any other country' amid national security risk claims.

Canadian private equity firm acquires Pornhub owner MindGeek

Sale of adult site comes after controversy over hosting of child abuse material and other non-consenual content.

Hyundai Reviews Russia Plant Amid Kazakhstan Sale Reports

South Korean automaker says it is considering 'various options' for Saint Petersburg factory.

Australia’s Wealth Fund Screens Chinese Firms for US Ban Risk

Chairman of Future Fund says screening portfolio as Biden administration plans new curbs for Chinese technology firms.

Bank of America CEO Forecasts “Slight” US Recession in 2021

Bank of America CEO Brian Moynihan says he expects mild downturn in third quarter of 2023.

Ex-leader of Ecuador faces charges over Chinese dam, judge approves

Indictment links former President Lenin Moreno to alleged bribery in Coca Codo Sinclair hydroelectric project.

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