BUSINESS

E-commerce Tycoon Huang Tops China's Rich List

Colin Huang has topped China's rich list thanks to the huge success of the Temu and Pinduoduo retail apps
E-commerce tycoon Colin Huang has become China's richest man, an index showed Friday, capping an ascent for the former Google employee whose shopping site Temu has sucked in consumers with its low prices and all-powerful algorithms.
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Election authorities have declared Venezuela President Nicolas Maduro the winner of the July 28 vote despite not releasing detailed results

Venezuela Opposition, US Heap Pressure On Maduro

Venezuela's opposition on Thursday warned of a potential mass exodus of migrants if President Nicolas Maduro remains in power following his contested reelection, with the US calling on the strongman not to arrest protest leaders.
A commercial plane prepares to land at Ngurah Rai international airport in Denpasar, on Indonesia's Bali island

Flying's Never Been Safer, Says MIT Study

Flying can be a nerve-wracking experience for many people -- but a new study out Thursday finds commercial air travel keeps getting safer, with the risk of death halving every decade.
US Vice President and 2024 Democratic presidential candidate Kamala Harris and her running mate Minnesota Governor Tim Walz greet supporters as they arrive to a campaign rally in Eau Claire, Wisconsin, August 7, 2024

Trump To Hold News Conference As Harris Surges

Donald Trump is set to end a days-long absence from the campaign trail Thursday with a news conference, his first public appearance since rival Kamala Harris named her running mate and embarked on a tour of US battleground states.
Those impatient for flying taxis in Paris will have to wait a little longer

Paris 'Flying Taxis' Scheme Misses Olympic Debut

Flying taxis could whisk passengers across Paris or help with emergency medical care from December, operators said on Thursday, while acknowledging that the dream of showing off the scheme during the Paris Olympics was impossible.
Donald Trump speaks during a campaign rally at the Georgia State University Convocation Center in Atlanta, Georgia, on August 3, 2024

Trump Announces News Conference As Harris Soars

Donald Trump scheduled a short-notice media event Thursday at his Florida resort as rumblings of discontent hit his presidential campaign and poll numbers surge for his election rival Kamala Harris.
China's leading chipmaker SMIC has been hit hard by US sanctions

China's Top Chipmaker Reports Q2 Plunge In Profits

Leading Chinese chipmaker SMIC announced Thursday a sharp year-on-year drop in profits during the second quarter, as a domestic price war and technological rivalry between Beijing and Washington show no signs of abating.
Siemens CEO Roland Busch said the German group was 'benefiting from the boom in artificial intelligence'

Siemens Profits Soar On Software Demand, AI 'Boom'

Siemens, whose sprawling global business runs from making trains and factory equipment to systems that manage data centers, said its software business performed strongly, winning a series of major contracts.

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