Alibaba Profit Falls 75% Amid Increased AI Spending

Alibaba Group Holding Ltd. reported a 75% drop in profit for the June quarter. This decline…

Russia’s Fuel Crisis: Petrol Available at 28% of Stations

Russia is facing a major fuel crisis. As of Wednesday, petrol is available at fewer than…

Bitcoin Surges to $69,931 Amid Broad Crypto Rally

Bitcoin surged to $69,931.49 on Thursday. This marks a big recovery after months of selling pressure.…

Evergrande Founder Hui Ka Yan Sentenced to Life in Prison

Hui Ka Yan, the founder of China Evergrande Group, was sentenced to life in prison on…

Trump Calls for Passage of Crypto Clarity Act in Congress

U.S. President Donald Trump urged Congress to pass the Clarity Act, a plan for regulating digital…

AIA Group Sees 11% Profit Growth, New Business Hits $3.21B

AIA Group, Asia’s largest publicly listed life insurer, reported an 11% increase in first-half operating profit,…

Trump Launches Unprecedented Economic Operation Against Iran

U.S. President Donald Trump announced on Wednesday a new economic operation against Iran. He called it…

US National Debt Surpasses $40 Trillion for First Time

The United States national debt has surpassed $40 trillion for the first time, according to the…

UnitedHealth Disputes IRS Tax Proposal on Foreign Subsidiary

UnitedHealth Group is challenging an Internal Revenue Service (IRS) proposal to raise its taxable income related…

Gold Prices Surge Over 3% After Treasury Liquidity Support

Gold prices rose over 3% on Wednesday, reaching their highest level since early June. This increase…