BUSINESS

In a 5-4 ruling, the judges agreed with the Justice Department which argued that the Sacklers, who earned tens of billions of dollars flooding the country with highly addictive opioids, should not gain sweeping legal protection in the controversial deal.

Asian equity markets advanced following a positive lead from Wall Street, though there is speculation of a possible pull-back on profit-taking and concerns the recent tech-fuelled rally may have run too far.

Copping will take over men's and women's collections from September, the fashion house announced on Thursday.

Lagardere, who sold the firm built by his father to media giant Vivendi in November, had been temporarily barred from holding management positions over alleged misuse of corporate funds at some of his companies not belonging to Lagardere group.

It's all part of an effort to strengthen quality control on the 737 MAX, a bestselling airliner that has suffered some high-profile problems.

The Japanese unit's latest retreat came as uncertainty surrounded the Federal Reserve's timetable for cutting interest rates, and the Bank of Japan's caution in tightening monetary policy.

Safety concerns and the cost of developing next-level systems have slowed down progress on autonomous vehicles, but work on regulations is motoring ahead, said the UN.

Asian and European markets mostly rose Wednesday following a tech-led bounce on Wall Street as investors prepared for the release of crucial US inflation data.

The charge sheet comes after the European Commission, the EU's influential antitrust regulator, launched a probe last year triggered by a 2020 complaint from Slack.

Asian equities edged higher Tuesday after recent losses as investors ignored another tough day for tech titans on Wall Street that has raised concerns about a correction in markets following a string of record highs.

President Javier Milei, who took office in December, stopped all new public works projects as part of his drive to slash spending, and the construction sector was down 19 percent, data showed.

Picnic has disrupted the Dutch supermarket landscape with its offer of free delivery in a time window of 20 minutes -- made possible by squeezing efficiency out of huge amounts of data.

The European Commission informed Apple in a "preliminary view" that the "App Store rules... prevent app developers from freely steering consumers to alternative channels for offers and content".

The announcement came after a lengthy investigation which found that Kaspersky's "continued operations in the United States presented a national security risk due to the Russian Government's offensive cyber capabilities and capacity to influence or direct Kaspersky's operations," it added.

The Consumer Price Index (CPI) -- which excludes volatile fresh food prices -- rose 2.5 percent year-on-year, compared with the 2.2 percent logged in April by the internal affairs ministry.

If a compromise is not reached between Brussels and Beijing, the European Commission will impose extra tariffs of up to 38 percent on Chinese electric vehicles it says have benefitted from unfair subsidies.

The committee's report also urged the state obtain special rights over French energy giant TotalEnergies' strategic decisions and major changes in shareholders.

Marnie Wilking, Chief Information Security Officer at the Netherlands-based travel giant, said generative AI had sparked an explosion in online phishing scams, and that the hospitality industry, long spared, had also become a target.

The BoE was widely forecast to keep its cost of borrowing at 5.25 percent, a 16-year high, following a regular monetary policy meeting.

The chip company, which has enjoyed a monumental ascent over the last 18 months amid enthusiasm over generative AI, jumped 3.4 percent near 1:25 pm (1725 GMT), giving it a market capitalization of about $3.3 trillion, slightly ahead of Microsoft and Apple.

Despite more than two years of Western punitive measures, Russia is still getting its hands on prohibited goods, with the help of cunning businesses that go to great lengths to dodge the embargo.

The bourse in the international finance hub typically suspends trading when a strong typhoon signal or "black rainstorm warning" is hoisted, meaning several days are lost each year.

Boeing CEO Dave Calhoun will likely face tough questions Tuesday when a Senate panel grills the executive on safety problems, manufacturing missteps and alleged efforts to intimidate whistleblowers.

Imports of pork and pork by-products from EU nations totaled over three billion dollars last year, Beijing's customs data showed.

Between 2017 and 2023 the average annual compensation for a CEO at an S&P 500 company rose nearly 40 percent to $16.3 million, according to the consulting firm Equilar.

Microsoft President Brad Smith spent more than three hours answering questions from members of the House Committee on Homeland Security in Washington, assuring them cybersecurity is being woven more deeply into the technology company's culture.

The offer, equivalent to $750 million, comes weeks after Paris said it would not allow the French company's strategic activities from being taken over by foreign actors.

The civil complaint filed in a California court in Los Angeles contends Musk had the workers terminated after they published an open letter detailing their concerns and calling on the American aerospace firm's board to distance itself from the SpaceX chief executive.

The embattled aviation giant delivered its official response on Wednesday contesting the Justice Department's assessment, Bloomberg News reported late Wednesday, citing unnamed sources.