News
- BusinessBBC
Is China's bubble tea bubble about to burst?
Chinese bubble tea shares fizzle, raising questions about the industry and Hong Kong's stock market.
5 min read - BusinessTipRanks
Occidental Petroleum (NYSE:OXY): Is This Buffett Stock a Buy Now?
Occidental Petroleum (NYSE:OXY) is an energy stock in Warren Buffett’s Berkshire Hathaway (NYSE:BRK.B) portfolio. Berkshire owns 248 million shares of OXY, indicating a 28% stake in the company, which is quite sizeable. I believe this Warren Buffett stock is a good buy in May 2024. I am bullish on OXY stock due to its acquisition of CrownRock, expanding chemicals business, and massive potential for low-carbon products. Berkshire has increased its stake in Occidental Petroleum since 2020, and it
5 min read - BusinessReuters
GM, LG agree on $150 million relief fund for Chevy Bolt EV owners over faulty batteries
GM launched the Chevrolet Bolt EV in 2015, using batteries made by LG as part of a strategic partnership between the two companies. GM started issuing recalls in 2020 after it faced numerous complaints regarding fires in certain vehicles. LG and GM did not respond to Reuters request seeking additional comments.
1 min read - BusinessINSIDER
Chinese shoppers are buying less than they used to, and it's contributing to a lopsided economic recovery
China's property market was still struggling as April new home prices fell at their fastest pace in over nine years.
2 min read - WorldAFP
Taiwan president takes office under close scrutiny
Taiwan's president-elect Lai Ching-te, a staunch defender of the island's democracy, will be sworn into office Monday as Beijing ratchets up military and diplomatic pressure on Taipei.Beijing has intensified military and diplomatic pressure on Taiwan during Tsai's eight years in power over her Democratic Progressive Party's (DPP) rejection of China's claims on the island.
4 min read - WorldAFP
Israel to hit back at 'genocide' claims at UN top court
Israel will on Friday hit back in the United Nations' top court at allegations from South Africa that it has escalated a campaign of "genocide" with its military operation in Rafah.It wants the court to order Israel to "immediately" cease all military operations in Gaza, including in Rafah, enable humanitarian access and report back on its progress on achieving these orders. ric/rlp/lb
2 min read - WorldReuters
Exclusive-Vietnam forfeits billions of dollars in foreign aid amid anti-graft freeze, document says
Vietnam forfeited at least $2.5 billion in foreign aid over the last three years and may lose another $1 billion because of administrative paralysis, the United Nations, the World Bank and Western donors told the government in a letter seen by Reuters. The previously unreported figures from the unpublished document, dated March 6, highlight frustration among foreign investors over regulatory hurdles and lengthy approval procedures that have caused prolonged deadlock as the Communist-ruled count
3 min read
