Tech News

Ratcliffe makes revised Man Utd offer as Zilliacus enters bidding

British billionaire Jim Ratcliffe made a revised bid to buy Manchester United on Thursday as Finnish entrepreneur Thomas Zilliacus entered the race to own the Premier League giants.. "Sir Jim Ratcliffe and INEOS can confirm we have submitted a revised bid," INEOS said in a statement when contacted by AFP. Zilliacus entered the race on Thursday, with a bid he said will give fans the chance to own 50 percent of the club.

A vital pillar of US economy, regional banks soldier on

When Barrett Hill, a farmer in the US state of Illinois, needs a loan for land or new equipment, a simple phone call is all that it takes.. "We had a few phone calls, but really it wasn't that much," said Dan Robb, chief executive of Jonesburg State Bank in Missouri. 

Montenegro says it has arrested Korean Crypto fugitive Do Kwon

A man suspected of being fugitive South Korean cryptocurrency entrepreneur Do Kwon, accused of orchestrating a multi-billion-dollar fraud that shook global crypto markets last year, has been arrested in Montenegro, the interior minister said Thursday.. Kwon is accused of "orchestrating a multi-billion-dollar crypto asset securities fraud", according to the US Securities and Exchange Commission. 

Inside TikTok's operation to win over Washington

With a giant billboard at Washington's main train station, an army of influencers on Capitol Hill and ad campaigns in the political press, TikTok is pulling out all the stops as it fights for survival in the US capital.. Lobbying is nothing new in the nation's capital, where it is common to encounter influence groups in the corridors of Congress, looking for elected officials to court. 

UBS, Credit Suisse tie-up may not lead to Swiss bliss

The marriage of UBS and Credit Suisse was hastily arranged to prevent a global financial meltdown -- but the resulting megabank could cause domestic problems in Switzerland, the central bank admitted Thursday.. UBS and Credit Suisse were both among the 30 banks around the world deemed 'too big to fail' and therefore considered Global Systemically Important Banks.

German unions call major transport strike

Transport across much of German will be paralysed Monday as workers strike demanding higher wages to cope with surging inflation, the latest industrial action in Europe's top economy. . - Spreading strikes - The announcement of fresh industrial action came ahead of a third round of salary negotiations for public sector workers, which begin on Monday.

Shou Zi Chew, TikTok's low-key CEO, faces down US Congress

TikTok's CEO Shou Zi Chew, who will represent the Chinese company in a US congressional meeting Thursday, is a former banker turned tech boss whose soft-spoken persona belies his meteoric rise.. Fluent in Mandarin and English, Chew is married to investment company CEO Vivian Kao, a former business school classmate he met over email in 2008.

IMF warns Lebanon at 'very dangerous moment'

Crisis-hit Lebanon is "at a very dangerous moment", a visiting International Monetary Fund delegation said Thursday, criticising slow progress on reforms needed to unlock billions in loans.. "We think Lebanon is at a very dangerous moment, at a crossroads," said Ernesto Ramirez Rigo, who headed the IMF delegation in Beirut, warning the continued "policy of inaction is going to leave Lebanon in a never-ending crisis".

Toshiba says it will 'support' $15 bn takeover bid

Troubled Japanese conglomerate Toshiba said Thursday it will "support" a $15 billion takeover bid by a consortium led by investment fund Japan Industrial Partners.. The JIP-led consortium includes 17 Japanese businesses and six Japanese financial institutions which are investing in or issuing loans for the deal.

Controversial gold mine reopens in Thailand

A controversial gold mine in Thailand restarted operations on Thursday, more than six years after the government forced it to close over health and environmental concerns.. The Thai government, at that point a military junta, ordered the open-cut mine to halt operations in May 2016 in a rare win for environmental campaigners.