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China's JD to spin-off two units, list in Hong Kong
E-commerce giant JD.com will spin off its industrial and property units and take both of them public, the company said, in the latest reorganisation of a major Chinese tech firm. The company said in filings with the Hong Kong stock exchange Thursday that its property and industrial arms will be spun-off and taken public, though the parent company will retain a controlling stake in both.
Markets build on gains as bank, rate concerns ease
Most Asian markets built on a global rally Friday as worries about the banking sector fade and traders grow optimistic central banks are near the end of their interest rate hiking cycle. Investors are now awaiting the release of US and eurozone inflation data later in the day, which should provide a better insight into how much impact rate hikes are having in taming prices.
Tycoon's 'unvaxxed sperm' auction taps into conspiracies
A fugitive Chinese billionaire plans to auction "unvaccinated sperm" on an online platform rife with misinformation -- a sale that vaccine skeptics bill optimistically as a chance to buy the "next Bitcoin." - Profit from falsehoods - The online chatter appears to have fueled a belief among vaccine skeptics that the sperm represents a lucrative financial opportunity.
Biden urges US regulators to restore tougher rules on midsize banks
US President Joe Biden called on banking regulators Thursday to reinstate tougher rules on midsized banks, saying that doing so would prevent future failures like that of Silicon Valley Bank. "I think that any time you have a bank failure like this, bank management clearly failed, supervisors failed and our regulatory system failed," Barr said Wednesday.
Bankman-Fried pleads not guilty to latest US charges
Former FTX chief Sam Bankman-Fried pleaded not guilty Thursday to five criminal charges recently added by US prosecutors in the government's sprawling case against the former cryptocurrency wunderkind. Bankman-Fried, known as "SBF," had in January entered a "not guilty" plea to eight other criminal charges from his original indictment, including fraud.
Man buys NY's iconic Flatiron building at auction, then backs out
The investor whose $190 million auction bid won him the world-famous Flatiron Building failed to complete the transaction, and the Manhattan skyscraper may go back on the block if a runner-up also forgoes purchasing rights, a broker said Thursday.
Thembi Seete and son perform fire amapiano dance, video gets 1.6M views and 3 other celeb kids that went viral
The children of Cassper Nyovest, DJ Lamiez Holworthy, Thembi Seete and Zikhona Sodlaka captured South Africa's heart and their pictures and videos went viral.
Tweeters, and celebs, await 'blue tick' ultimatum
All eyes are on whether Elon Musk will go through with stripping blue checkmarks from celebrities and other high-profile Twitter users starting April 1 unless they pay for the privilege. If a celebrity or brand does not pay for a blue Twitter checkmark, an imposter might buy the illusion of authenticity, the analyst said.
US says Russia seeking more NKorean arms, names broker
The White House said Thursday that Russia is seeking more arms from North Korea for the Ukraine war, revealing the identity of a Slovakian man allegedly brokering deals between Moscow and Pyongyang. "We have new information that Russia is actively seeking to acquire additional munitions from North Korea," said White House national security spokesman John Kirby.
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