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News
Former UK prime minister Starmer steps down from parliament, by-election to follow
1+ hour, 31+ min ago (351+ words) (Sept 1): Former UK prime minister Keir Starmer is leaving British politics after deciding to step down as a member of Parliament. Starmer told his local newspaper, the Camden New Journal, that it’s the “right time” to leave the House of…...
Mass Russian barrage kills 12 in Kyiv
3+ hour, 51+ min ago (565+ words) KYIV, Ukraine (Sept 1): Russia launched a barrage of drones and ballistic missiles at Kyiv and its surrounding region overnight, killing at least 12 people and wounding 21, Ukraine said on Tuesday, hitting the capital as children were set to return to school…...
Volkswagen launches probe into Chinese auto supplier's graduate dismissals
6+ hour, 57+ min ago (327+ words) SHANGHAI/BEIJING/HONG KONG (Sept 1): Volkswagen said on Tuesday that it had begun an investigation into the dismissal of 107 newly hired university graduates by a major Chinese auto lamp supplier and it would take "appropriate steps" once the findings were…...
Swiss Life to cut up to 600 jobs by end-2028, half of them in Switzerland
8+ hour, 33+ min ago (222+ words) GDANSK (Sept 1): Insurer Swiss Life plans to cut up to 600 positions by the end of 2028 to improve efficiency, it said on Tuesday, after reporting a 3% rise in its half-year gross written premiums buoyed by its domestic business. Around half of…...
The Week Ahead: Attention on market reaction to Warsh’s Jackson Hole speech, Bank Negara’s OPR decision
12+ hour, 18+ min ago (732+ words) This article first appeared in The Edge Malaysia Weekly on August 31, 2026 - September 6, 2026 It is a holiday-shortened week in several countries in Asia this week, including Malaysia, which is celebrating National Day on Monday (Aug 31), even as the Philippines marks National…...
Western Union probed in Australia over laundering controls
12+ hour, 35+ min ago (245+ words) (Sept 1): Western Union Co and its Australian division are being investigated by the country’s financial crimes agency over concerns whether its anti-money laundering and terrorism financing controls are effective. The probe will focus on Western Union’s management of “high-risk” payment…...
US irks G20 ministers by bringing back Russia, barring journalists
13+ hour, 24+ min ago (1000+ words) ASHEVILLE, North Carolina (Sept 1): The United States' move to welcome Russia back to a meeting of G20 countries on Monday while denying some journalists access to the gathering dismayed some finance leaders present, deflecting from its bid to focus talks on…...
Icelanders reject EU-accession talks, broadcaster RUV reports
13+ hour, 42+ min ago (268+ words) REYKJAVIK (Aug 30): Icelanders have voted to stay out of the European Union (EU), broadcaster RUV reported on Sunday, rejecting a government push to reopen membership talks and siding with those who said Iceland's fishing waters were too important to risk....
PetroChina first-half profit rises 22% on higher oil prices
2+ day, 5+ hour ago (209+ words) (Aug 30): PetroChina Co posted a 22% increase in first-half profit as a surge in global energy prices boosted upstream revenue at China’s biggest oil and gas producer. Net income rose to 103.9 billion yuan (US$15.4 billion) for the six months through June,…...
Revolut joins global stablecoin race with Euro-backed token
6+ day, 7+ hour ago (351+ words) (Aug 26): Revolut Ltd joined the rush among global banks and payment firms to roll out stablecoins, a bet that digital money will gain a greater role in everything from cross-border payments to business transactions. The stablecoin, called EURR, is pegged…...