BUSINESS

Asian Markets Drop As Biden Drops Out Of White House Race

Joe Biden gave his backing to Vice President Kamala Harris after announcing his decision to drop out of November's race for the White House
Asian markets fell Monday as Joe Biden's decision to drop out of the US presidential race fuelled fresh uncertainty, while traders appeared to be unmoved by China's decision to cut interest rates in a bid to boost the country's stuttering economy.
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US President Joe Biden announced his shock ending of his reelection campaign after weeks of pressure to step aside for a younger candidate

Biden Drops Out Of 2024 Election Race

US President Joe Biden announced Sunday that he was dropping out of his reelection battle with Donald Trump, in a historic move that plunges the already turbulent 2024 White House race into uncharted territory.
Former US President and 2024 presidential nominee Donald Trump speaks during a campaign rally with US Senator and vice presidential nominee J.D. Vance at Van Andel Arena in Grand Rapids, Michigan, on July 20, 2024

Key Senator Urges Biden To Step Aside As Polls Show Trump Rise

An influential US senator on Sunday joined calls for President Joe Biden to end his candidacy in favor of a younger Democrat, while a shock poll from the swing state of Michigan illustrated the growing sense that he will lose to Donald Trump if he stays in the race.
Analysts forecast double-digit growth for companies such as Microsoft, driven by artifical intelligence

All Eyes On AI To Drive Big Tech Earnings

Over the next two weeks, the quarterly results of Big Tech giants will offer a glimpse on the bankability of artificial intelligence and whether the major investments AI requires are sustainable for the long haul.
Travelers wait in line at the airport in Los Angeles, California on July 19, 2024 following a global IT crash that hobbled airlines, banks, broadcasters and other businesses

Conspiracy Theories Take Off After Global IT Crash

From fearmongering about a looming "World War III" to false narratives linking a cabal of global elite to a cyberattack, a torrent of online conspiracy theories took off Friday after a major IT crash.
A potential takeover of Everton has fallen through

Everton Takeover Talks Called Off

Led by US billionaire Dan Friedkin, the group entered a period of exclusivity to negotiate a possible purchase on June 21. However, the Goodison Park outfit said on Friday that no deal had been struck between Friedkin and the club's majority owner Farhad Moshiri.
A large-scale outage wrought havoc on IT systems, causing travel delays at Sydney Airport

'Large-scale' IT Outage Hits Companies Worldwide

A major outage wrought havoc on global computer systems on Friday, grounding flights in the United States, derailing television broadcasts in the UK and impacting telecommunications in Australia.

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