(Bloomberg) — China is slowly decoupling from the US, with businesses slashing investment into America to the lowest since the global financial crisis and official data showing trade dependency slumping.
China’s imports from Russia surged by the most ever in dollar terms, bucking an overall decline in its purchases of foreign goods as trade between the neighbors booms.
Adyen NV has won approval for a UK banking license, replacing its temporary post-Brexit permission to offer embedded finance and other payments services.
A consortium of investors including Blackstone Inc. and Thomson Reuters Corp. raised about £2 billion ($2.5 billion) by offloading shares in London Stock Exchange Group Plc via an overnight placing.
Toyota Motor Corp. is overhauling the management of its automotive-technology division as the unit shifts from being a research arm to become more involved in the production of next-generation vehicles.
Foxconn Technology Group is teaming up with STMicroelectronics NV for a bid to build a semiconductor factory in India, seeking state backing to broaden its footprint in the South Asian country.
Caio Marchesani is alleged to have converted piles of cash into crypto accounts for a criminal gang
SK Hynix Inc. has opened an investigation into the use of its chips in the latest phone from Huawei Technologies Co., after a teardown of the device revealed its memory and flash storage inside.
Packaging companies WestRock Co. and Smurfit Kappa Group Plc are in talks to merge, potentially creating an industry giant with a market value of about $20 billion.
Kraken’s crypto derivatives unit plans to expand its services, targeting a market void left by the collapse of former rival FTX.
