Reuters

The European Union is working to boost its presence in the Pacific through economic ties and new security commitments as geostrategic competition in the region intensifies, the bloc's ambassador to Pacific Island nations said on Tuesday.

Dutch health technology company Philips on Tuesday unexpectedly announced the imminent departure of CEO Frans van Houten, in the midst of a massive product recall that has halved its market value over the past year.

The safe-haven U.S. dollar hit a one-week high on Tuesday after weak global economic data, particularly in China, reignited global recession fears and weighed on risk-friendly currencies like the Australian dollar.

Microsoft Corp co-founder and philanthropist Bill Gates called on Tuesday for South Korea to play a bigger role in global health and to increase aid, working with his foundation to strengthen the fight against diseases.

Nallathambi Mahendran walked through his four acres of emerald green paddy fields in northern Sri Lanka's Kilinochchi district, indicating the height the plants should have reached by now.

China's Tencent Holdings plans to sell all or a bulk of its $24 billion stake in food delivery firm Meituan to placate domestic regulators and monetise an eight-year-old investment, four sources with knowledge of the matter said.

Australia's Prime Minister Anthony Albanese said his predecessor Scott Morrison had "undermined our democracy" by secretly appointing himself minister for home affairs and treasury during the COVID-19 pandemic, in addition to the health, finance and resources portfolios previously revealed.

It looks like ethereum's mega-upgrade is happening. Finally.

Ben & Jerry's legal battle with Unilever sheds light on an issue affecting a growing number of purpose-led brands: how to maintain their identity after being bought by a major consumer company.

The U.S. Federal Reserve is hiking interest rates at the most aggressive pace in a generation, but the financial conditions it needs to tighten to tame soaring inflation are heading in the wrong direction.

China imposed sanctions on Tuesday on seven Taiwanese officials and lawmakers it accused of being "independence diehards", including banning them from entering, in its latest angry reproach of the democratically governed island.

Asian markets struggled for direction on Tuesday, weighed by worries over global growth following weak China data that knocked oil prices and commodity-linked currencies.

Swedish fashion giant H&M's official store on Alibaba's Tmall e-commerce platform has re-opened, 16 months after the Chinese site took it down following the brand's criticisms of human rights abuses in Xinjiang.

BHP Group Ltd reported bumper profits on surging commodity prices on Tuesday, sending shares sharply higher, as the global miner failed to rule out a second approach in its spurned $6 billion bid for OZ Minerals.

Taiwan accused China of exaggeration and "tricks" on Tuesday after the Chinese military published footage of the strategically located Penghu islands where there is a major Taiwanese air base.

Chinese internet giant Tencent Holdings' non-fungible token (NFT) platform Huanhe will no longer release digital collectibles to the public, it said on Tuesday, as regulatory scrutiny of NFTs mounts in the country.

China's Tencent Music Entertainment Group bettered quarterly revenue estimates on Monday as a slate of original content helped its music streaming platform attract more paying users.

Elliott Management, the hedge fund that pushed for big changes at Twitter two years ago, exited the stock during the second quarter, soon after Elon Musk announced plans to buy the social media company, a regulatory filing shows.

The Philippine central bank will follow its surprise July rate hike with a half-point point rise on Thursday and another quarter-point increase in September to catch up with its peers in containing soaring inflation, a Reuters poll forecast.

Berkshire Hathaway Inc, run by billionaire Warren Buffett, has tripled its stake in online banking company Ally Financial Inc and increased its bet that "Call of Duty" video game maker Activision Blizzard Inc will be acquired by Microsoft Corp.

The long-time financial chief of former President Donald Trump's namesake real estate company is expected to plead guilty in New York on Thursday in a tax fraud case, a person familiar with matter said.

Oil prices fell on Tuesday, extending losses from the previous session, after economic data from China, the world's largest crude importer, spurred fresh concerns about a potential global recession that could hit energy demand.

Stellantis NV's Dodge brand plans to squeeze maximum profit from the farewell party for its petrol-burning Challenger and Charger muscle cars, which are scheduled to go out of production at the end of next year, the company said on Monday.

When Hwang Kwang-jo's factory in Seoul faced a staffing crunch earlier this year after the departure of Nepalese workers and younger locals, he hired a 61-year-old to pick up some of the work.

A group of 17 state attorneys general urged the U.S.

The U.S. Federal Aviation Administration (FAA) warned on Monday airline passengers at New York City-area airports could see significant delays in the evening due to air traffic control staffing issues.

Ukraine called for new sanctions on Russia and warned about the consequences of catastrophe at Europe's biggest nuclear plant, where fresh shelling nearby has renewed a blame game between both sides.

Twitter Inc needs to give Elon Musk documents from a former Twitter executive who Musk said was a key figure in calculating the amount of fake accounts on the platform, according to a Monday court order.

The U.S. Justice Department on Monday said it opposes requests by the news media to unseal the affidavit that prosecutors used to obtain a federal judge's approval to search former President Donald Trump's Florida home.