BUSINESS

Lingering hopes that Donald Trump's planned tariff blitz next week will not be as painful as feared lifted most Asian markets Wednesday, though uncertainty about the president's policies and the US economy tempered optimism.

The company's administrators hope to keep the brand running online, which might help save some jobs; however, most of the workers are in the stores that will be closing.

European Central Bank president Christine Lagarde's recent remarks on a "digital euro" prompted a fresh wave of misinformation online, highlighting an uphill battle ahead to convince the public of the project's merits.

Pioneering US genetic testing company 23andMe has filed for bankruptcy and is looking for a buyer two years after hackers gained access to millions of profiles. 23andMe, which sells a mail-back saliva test to determine ancestry or certain health-related genetic traits for less than $200, said late Sunday that it had "filed a voluntary petition for reorganization" with a state bankruptcy court in Missouri.

South Korean auto giant Hyundai on Monday announced a multi-billion-dollar investment in the United States, including a new $5.8 billion steel plant.

Europe's main stock markets rose solidly Tuesday after a rally on Wall Street thanks to easing concerns over US President Donald Trump's tariffs.

Tesla sales plunged in the European Union in the first two months of the year, auto industry figures showed Tuesday, as Elon Musk's politics and ageing models may be turning consumers away.

British energy giant Shell on Tuesday announced plans to slash costs by billions of dollars and increase shareholder returns, as it focuses on its liquified natural gas (LNG) business.

Stock markets mostly rose on Monday as worries about fresh US tariffs pencilled in for next week were tempered by hopes that US President Donald Trump was considering a more targeted approach.

For Frank Greeff, what many might view as the conclusion of a successful chapter became the beginning of something far more significant—a journey to redefine success and focus on impact.

The price of poor EUC management has proved steep across the financial sector. Regulators have levied heavy fines against banks for risk management and data handling weaknesses.

Russia's central bank kept its key rate at 21 percent on Friday, locking in two-decade-high borrowing costs as it battles rampant inflation.

Major stock markets extended losses on Friday on heightened concerns over the potential fallout from US President Donald Trump's tariff agenda.

The store has attributed the decline to cautious consumer spending and challenges in its business restructuring. Despite this, the total revenue remained steady at AU$1.83 billion.

Nvidia chief Jensen Huang on Tuesday showcased cutting-edge chips for artificial intelligence and new applications for the technology, shrugging off talk of China's DeepSeek disrupting the market and dangers from US President Donald Trump's trade wars.

Chinese internet and gaming giant Tencent said on Wednesday that profits in the fourth quarter of 2024 surged 90 percent as the firm accelerates a push into artificial intelligence (AI).

Millennials were the biggest spenders at $25 billion, while Gen X, Gen Z, and Baby Boomers spent AU$19 billion, AU$12 billion, and AU$10 billion, respectively.

Even high earners are seeing housing costs eat up more than 30% of their income, particularly in major cities and many regional areas.

Premium carmaker Audi said Monday it will cut 7,500 jobs by 2029 in Germany, citing "immense challenges" as the country's auto industry battles slowing electric vehicle demand and rising Chinese competition.

Nvidia chief Jensen Huang is expected to showcase cutting-edge chips for artificial intelligence (AI) and quantum computing on Tuesday, shrugging off talk of China's DeepSeek disrupting the market.

European stocks rose on Tuesday as investors prepared for Germany's lawmakers to vote on a massive spending boost for defence and infrastructure, while escalating geopolitical fears supported commodities.

Shares in Chinese EV giant BYD surged to a record high Tuesday after it unveiled new battery technology it says can charge a vehicle in the same time it takes to fill up a petrol car.

Markets rose on Monday as investors welcomed Chinese plans to kickstart consumption in the world's number two economy, though worries about Donald Trump's tariffs war continue to cast a shadow over trading floors.

China's economy charted an uneven trajectory in the first two months of the year, a slew of key indicators showed Monday, muddying Beijing's drive to boost flagging consumption.

The regulator stated that from July 1, 2019, to Oct. 18, 2024, the fund took between four months and four years to assess these claims. In 254 cases, AustralianSuper took between 15 and 213 days just to provide the claim form.

Albanese is using soft drinks as a symbolic protest against American trade policies, urging Australians to back local businesses by opting for flavors like ginger beer, sarsaparilla, lemon-lime and bitters, guava, and Burgundee creaming soda.

Rebuilding trust after a scandal is no simple task. Baden Bower believes a successful strategy should address past wrongdoings while allowing room for a new chapter.

The drop came after a US stock market's sell-off on Wall Street the previous day, as investors questioned the potential economic impact of Trump's trade decisions.

The Japanese owner of 7-Eleven said Monday it had agreed to jointly explore store sell-offs with a Canadian rival to address antitrust concerns ahead of a potential merger.