BUSINESS

The shock announcement sent shivers through the trading floor in Seoul and fueled a political crisis in Asia's third-biggest economy, with the opposition party saying it had submitted a motion to impeach Yoon.

Judges on Tuesday upheld the death sentence of property developer Truong My Lan, who was convicted this year of embezzling vast sums from the Saigon Commercial Bank (SCB), which she controlled, having borrowed from tens of thousands of small investors.

The index, which groups the 40 largest publicly-traded companies on the Frankfurt Stock Exchange, reached 20,022 points at around 0900 GMT before slightly paring its gains.

The US central bank has been on a journey since the Covid-19 pandemic, hiking interest rates to a two-decade high and holding them there in order to tame a surge in inflation, before starting to dial back rates in recent months.

In a court filing, Chancellor Kathaleen McCormick of Delaware's Court of Chancery ruled that Tesla's attempt to ratify Musk's compensation package through a June shareholder vote could not override her January decision striking down the package as excessive and unfair to shareholders.

A slew of Australia's most lucrative export commodities were effectively banned from China starting in 2020, as relations between the two nations started to fray.

Among the materials banned from export are metals gallium, antimony and germanium, Beijing's commerce ministry said in a statement that cited "national security" concerns.

Embattled US Steel has argued that it needs the Nippon deal to ensure sufficient investment in its Mon Valley plants in Pennsylvania, which it says it may have to shutter if the sale is blocked.

Property developer Truong My Lan, 68, was convicted earlier this year of swindling money from Saigon Commercial Bank (SCB) -- which prosecutors said she controlled -- and condemned to die for fraud totaling $27 billion.

The Republican vowed the action on states that "create a new BRICS Currency" or otherwise "replace the mighty US dollar," according to a post on Truth Social on Monday.

The Italian-US-French company, whose 14 brands include Fiat, Peugeot-Citroen, Opel, Maserati, Chrysler, Ram and Jeep, said in a statement that the board had accepted the resignation of the 66-year-old Portuguese executive.

VW has been hit hard by high manufacturing costs at home, a stuttering shift to electric vehicles and tough competition in key market China. It has announced a plan to cut billions of dollars in costs.

Spain in 2021 passed Europe's first law that explicitly regulates the status of delivery workers, requiring that they be recognized as employees instead of being considered self-employed freelancers.

The yen rallied Friday after forecast-busting inflation data out of Tokyo boosted talk of another Japanese interest rate hike next month, while equity markets were mixed as traders weigh the economic outlook during a second Trump administration.

Equity markets diverged Thursday as investors brushed off a negative lead from Wall Street while welcoming a drop in Treasury yields and data showing US inflation was holding steady.

Asian markets were mixed Wednesday as traders tried to gauge the economic outlook after Donald Trump picked a tough-negotiating hawk as his trade envoy the day after saying he would hit China, Canada and Mexico with hefty tariffs.

India's Adani Group conglomerate said Wednesday it had lost almost $55 billion in a stock market rout since US prosecutors last week accused its founder and other officials of fraud.

Stock markets retreated and the dollar was mixed Tuesday after Donald Trump warned he would impose huge new tariffs on China, Mexico and Canada immediately on taking over as US president in January.

Indonesia has rejected an Apple $100 million investment proposal aimed at lifting a ban on iPhone 16 sales, saying it lacks the "fairness" required by the government.

US shoppers are coming out in force this holiday season, but the festiveness is being tempered by inflationary pressures that have abated but not completely faded.

Most markets gained Friday after a bounce on Wall Street, while bitcoin continued its march higher to move within touching distance of the $100,000 mark.

US chipmaking behemoth Nvidia said Wednesday it made a $19 billion profit on record high revenue last quarter as demand continued for its hardware to power artificial intelligence.

The legislation would force social media firms to take steps to prevent those under 16 years of age from accessing platforms such as X, TikTok, Facebook and Instagram.

The new permit provides businesses with tailored resources, such as simplified permit registration and designated trading areas, to ensure smoother operations within municipal areas.

The US government late Wednesday asked a judge to order the dismantling of Google by selling its widely used Chrome browser in a major antitrust crackdown on the internet giant.

The tycoon -- a close ally of Hindu nationalist Prime Minister Narendra Modi -- oversees a vast conglomerate encompassing coal, airports, cement and media operations.

Some 500-600 staff in cognac's home Charente region in southwestern France were protesting at an experimental plan to export the drink in vats, rather than bottles, which will be subject to additional taxes estimated at 35 percent, France's CGT and FO unions said.

Traders were treading carefully this week amid uncertainty after Trump's re-election and as he picks his cabinet, with several China hawks up for key positions fanning worries of another trade war between the economic superpowers.

Antitrust officials with the US Department of Justice declined to comment on a Bloomberg report that they will ask for a sell-off of Chrome and a shake-up of other aspects of Google's business in court Wednesday.