MUFG, Japan Banks Hit by Glitches in Money Transfer System
Japan’s online bank transfer system experienced glitches on Tuesday that disrupted cash remittances at MUFG Bank Ltd. and 10 other lenders.
Bloomberg Tech
Israel-Hamas Conflict Was a Test for Musk’s X, and It Failed
Researchers say changes to verification, safety policies make the site an unreliable source for news
German Automakers Still Battling Materials Shortages, Ifo Says
German carmakers are still experiencing significant supply bottlenecks even as shortages in other industries subside.
Legal Jobs in Demand as Finance, Tech Struggle: The London Rush
Your morning roundup of key UK business news
China EV Startup WM Motors Files for Bankruptcy in Shanghai
Ailing Chinese automaker WM Motors Ltd. has filed for bankruptcy, making the startup the latest casualty in China’s crowded electric vehicle market.
Xi’s Reply to Hamas Attack Shows China’s Limit as Peacemaker
Chinese leader Xi Jinping spent the first part of this year seeking to play global peacemaker, proposing a cease-fire in Ukraine and helping long-time rivals Saudi Arabia and Iran reach a diplomatic truce.
Treasuries Rise With Stocks on Softer Fed Comments: Markets Wrap
Treasuries jumped and shares advanced after comments by Federal Reserve officials fueled speculation the US central bank may stand pat until year-end.
Hamas Got Around Israel’s Surveillance Prowess by Going Dark
Facing one of the most sophisticated surveillance states on the planet, Hamas simply went dark.
Singapore Tip-Off Led to the Arrest of Three Arrows’ Zhu
Three Arrows Capital co-founder Su Zhu ended up in jail in Singapore after liquidators decided to apply maximum pressure following months of sparring over locating the failed crypto hedge fund’s assets.
US Police Shoot, Kill Driver in Chinese Consulate Incident
US police shot dead a person who crashed their car into China’s consulate in San Francisco on Monday afternoon, as expectations build for President Xi Jinping to visit the California city for a key summit next month.