Business and Economy

Business and Economy Latest News

'Bombshell': Ajax suspend CEO over insider trading suspicions
'Bombshell': Ajax suspend CEO over insider trading suspicions
by  AFP

Ajax announced on Tuesday they were suspending CEO and chairman Alex Kroes on suspicion of insider trading, piling more woe on the Dutch giants who have endured a horror season. The club said they had learned that Kroes bought more than 17,000 Ajax shares a week before his intended appointment was announced on August 2, 2023.

Hong Kong rally leads Asian markets, traders assess Fed rate plans
Hong Kong rally leads Asian markets, traders assess Fed rate plans
by  AFP

Hong Kong led most Asian markets higher Tuesday as traders returned from an extended weekend break to forecast-beating Chinese factory data that lifted hopes for the world's number-two economy. Chinese consumer tech giant Xiaomi led gains in Hong Kong, soaring as much as 15 percent on news that orders for its first electric vehicle -- launched in Beijing on Thursday -- had topped estimates.

Will Musk help Trump with cash, not just tweets?
Will Musk help Trump with cash, not just tweets?
by  AFP

Elon Musk, one of the world's richest people, says he won't directly back Joe Biden or Donald Trump in the US election -- but one look at his X feed makes clear his heart is with the Republican. - 'Dark money' - If Musk wanted to help Trump more directly, he could hand over limitless cash anonymously, according US election laws.

Energy

Money

Industry

Technology

Economy