Chinese property developer Evergrande, which is teetering on the brink of default, has announced that work has resumed on 92 per cent of its properties. Billionaire Hui Ka Yan, who founded the company, has promised that buyers will receive the keys to 39,000 flats this month. Evergrande has resumed...

Vintage champagne wines, such as Dom Perignon and Krug, have risen by almost 34% over the year on the back of investor interest. Premium wines have even outpaced some stock markets in terms of price growth. Premium champagne wines, such as Dom Perignon 2008 and Krug 2000, have risen markedly in...

On Tuesday, a unit of NatWest Group agreed to pay $35 million and pleaded guilty in connection to a long-running scheme of some traders to manipulate U.S. Treasury bond markets.   NatWest Markets, the lender's investment bank, admitted that its traders participated in schemes to manipulate...

Visa, one of the world's largest global payment systems, has completed the purchase of UK-based cross-border payment technology provider Currencycloud, Visa said in a statement. "Visa today announced the completion of the acquisition of Currencycloud, a global platform that enables banks and...

The popularity of non-fungible tokens (NFT) is steadily growing around the world.    The latest company to join the bandwagon is the social media platform Parler which has recently announced its decision to venture into NFTs marking the rapid pace of this digital asset into many...

US sportswear maker Nike posted a 16% year-on-year increase in net profit to $3.211 billion for the first half of its 2021-2022 financial year ended November 30, the company said in its financial statements. Diluted earnings per share rose to $1.98 in the reporting period from $1.73 a year earlier....

TikTok is set to enter a new market: the delivery of ready-to-eat meals in the US. The company has found a partner to create a network of 'dark kitchens' that will cook 'tiktok pasta', 'pasta chips' and other dishes popular on the social network. Video platform TikTok has agreed on a partnership...

Tesla investor David Wagner filed a lawsuit against eth US electric car maker Tesla Inc objecting to social media posts, including his poll posts on Twitter, made by Tesla CEO Elon Musk about whether he should be selling his stocks in the company. The law suit alleges that these social media posts...

The electric pickup truck maker Rivian Automotive Inc revealed the difficulties it will face in ramping up production to compete with the leader in the electric vehicle industry Tesla Inc. this was communicated by the company in its maiden earnings report as a public company. The production warning...