BUSINESS

European satellite group SES will acquire US rival Intelsat for $3.1 billion, the companies said Tuesday, seeking to compete in a race for space-based internet service led by Elon Musk's Starlink.

During his time at the helm of the world's biggest cryptocurrency firm, former Binance boss Changpeng Zhao, who will be sentenced in the United States later Tuesday for money laundering, perfected the humble executive look.

Tech giant Huawei's first-quarter profits surged over fivefold year-on-year, a company filing showed Tuesday, as the US-sanctioned firm continues a rebound and bit into competitor Apple's sales in China.

An Abu Dhabi-backed group planning to take over Britain's Telegraph Media Group (TMG) said Tuesday it will withdraw and sell on the business after the UK government moved to block the deal.

A French environmental charity said it had turned down the chance to take part in the torch relay ahead of the Paris Olympics over the role of Coca-Cola as a major sponsor.

The EU on Tuesday launched an investigation into Meta's Facebook and Instagram over concerns the platforms are failing to counter disinformation ahead of EU elections in June.

The Paris region authority sparked controversy Tuesday by temporarily suspending funding for Sciences Po, one of the country's most prestigious universities, after it was rocked by tense pro-Palestinian demonstrations.

The figures are unlikely to stop the European Central Bank (ECB) from cutting interest rates in June as expected, according to economists despite the growth figure.

French media baron Arnaud Lagardere resigned Tuesday as chief executive of the sprawling group of the same name after being charged with misuse of corporate funds.

Microsoft Copilot and Copilot stack are orchestrating a new era of AI transformation, driving better business outcomes across every role and industry, Satya Nadella said.

Shares in French skincare giant L'Occitane jumped almost 13 percent in Hong Kong on Tuesday as they resumed trading after its owner offered to take it private.

Banking giant HSBC said Tuesday that chief executive Noel Quinn would retire after overseeing a "successful transformation" of the firm and record profits during almost five years in charge.

Donald Trump's historic criminal trial resumes on Tuesday with testimony from a former executive of the bank used to make a hush money payment to porn star Stormy Daniels.

Choreographer Sahil Kumar found fame showcasing folk dances on TikTok, but his profile has been dormant since the video he posted four years ago supporting India's decision to ban the platform.

Microsoft's chief executive officer met the president of Indonesia on Tuesday, pledging a $1.7 billion investment in artificial intelligence and cloud computing to help develop the archipelago's AI infrastructure.

Asian markets extended a rally Tuesday following advances on Wall Street, while the yen held gains after the previous day's sharp swings and focus turned to the Federal Reserve's upcoming policy decision.

Hong Kong on Tuesday launched trading of Asia's first spot bitcoin and ether exchange-traded funds (ETFs), moving forward in the city's race to become a regional virtual asset investment hub.

King Charles III on Tuesday makes his first official public appearance since being diagnosed with cancer, after doctors said they were "very encouraged" by the progress of his treatment.

Samsung Electronics said Tuesday that its first-quarter operating profits had risen nearly tenfold year-on-year -- a 931.8 percent increase -- amid recovering chip prices and growing demand.

Spain's Pedro Sanchez said Monday he would stay on as prime minister after threatening to stand down over what he denounced as a campaign of political harassment by the right.

The United States said Monday it opposed the International Criminal Court's (ICC) investigation into Israel's conduct in Gaza, amid reports that Israeli officials fear the Hague-based tribunal could soon issue arrest warrants.

Uruguay's leftist ex-leader Jose Mujica, once known as the world's "poorest president" for giving away most of his salary and driving an old Volkswagen Beetle, revealed Monday he was battling a tumor.

The YAB summer program consists of three levels: Business Economy of America (orientation and training), Summer Business Camp (merger & acquisitions simulation camp), and Championship Camp.

Mining giants Vale and BHP have proposed paying a nearly $25 billion settlement over a 2015 dam collapse in Brazil that killed 19 people and flooded dozens of towns, Vale said Monday.

A German former soldier on Monday admitted he had spied for Russia at the start of his trial, saying he wanted to avoid the escalation of the war in Ukraine.

Dutch medical device maker Philips said Monday it had reached a $1.1 billion deal to settle US lawsuits over faulty sleep machines that have dogged the company.

The EU on Monday said Apple's operating system for iPads must comply with tougher new rules that Brussels is imposing to rein in the world's biggest digital companies.

Ricky Fung's entrepreneurial journey, from Chronic Ink to Pierced and Junipurr, showcases his vision, resilience, and innovation, reshaping industry standards while championing inclusivity and adaptability amidst evolving market dynamics.

Tesla received a key security clearance from China during Elon Musk's whistlestop visit to the world's biggest electric car market, which wrapped up on Monday.