Hong Kong — The founder of embattled property behemoth Evergrande and formerly one of China’s richest men was sentenced to life in prison on Thursday, according to state media, the latest chapter of ignominy for a one-time symbol of the nation’s economic boom. Hui Ka Yan pled guilty in April to multiple charges related to his…
One of the most impressive investments at the corporate level in recent years has been Amazon‘s (AMZN +2.46%) decision to take an early stake in Anthropic. The tech giant invested $8 billion in the artificial intelligence start-up in 2024, then followed that up with an additional $5 billion investment this year. Combined, those moves gave…
Insidious 6 is set to arrive digitally before its streaming debut. Fans are already wondering about its next release. Here’s what we know about the expected digital and streaming release dates. When could Insidious 6 get its digital release date? Insidious: Out of the Further arrives in theaters on August 21. Sony Pictures is handling…
BYD’s Fang Cheng Bao (FCB) Formula S liftback and the Formula S GT station wagon started taking pre-orders in China a day ahead of the Chengdu Auto Show 2026. These two models will be priced between 230,000 and 280,000 yuan (34,175 – 41,610 USD). FCB was initially launched in China as a hardcore off-road brand…
Key Points Warren Buffett acquired a controlling stake in a struggling textiles manufacturer called Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB) in 1965, and after realizing its core business wasn’t viable, he converted it into a holding company for his various investments. By the time he stepped away from his role as chief executive in 2025, Berkshire…
Hong Kong’s jobless rate has remained unchanged since the start of the year, new figures show, although the labour chief has warned of rising pressure on unemployment as fresh graduates enter the workforce. The Census and Statistics Department said on Thursday that the seasonally adjusted unemployment rate stood at 3.7 per cent for the May-to-July…
It’s probably to announce the Galaxy S26 FE. Screenshot by Mariella Moon (Samsung) Samsung has announced another Galaxy Event for August 27, where it will unveil the newest addition to the Galaxy S26 series. While the company didn’t explicitly mention the product name, it could be the Samsung Galaxy S26 FE. The company usually…
BEIJING — Chinese property developer Hui Ka Yan, founder of the Evergrande real estate group, has been sentenced to life in prison and the companies fined a total of $2.3 billion, a court in the southern city of Shenzhen said Thursday. The decision marks a milestone in Evergrande’s saga after it collapsed with more than…
Real Madrid retains for the third consecutive year the title of the most valuable and strongest football club brand in the world, with a valuation of 2.4 billion euros, 25% more than the previous year, while Barcelona keeps second place with a value close to 2 billion, according to the “Football 50 2026” report by…
Despite fears by economists and consumers that the U.S. economy is on the brink of a recession, the stock market has been booming for years. And this election season, every politician wants to tell you that this boom is happening only because of their policies, and not because of policies favored by their opponent. Since…