Wealth Growth Daily

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China’s market regulator says e-commerce giant Alibaba has completed three-year ‘rectification’ period

BY Reuters  • August 30, 2024August 30, 2024
SHANGHAI (Reuters) – China’s State Administration of Market Regulation issued a statement on Friday saying Alibaba Group had completed three years “rectification” following a f[...]
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Thyssenkrupp works council says steel leadership crisis puts sale at risk

BY Reuters  • August 30, 2024August 30, 2024
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) – Thyssenkrupp’s planned sale of its steel business is at risk over uncertainty following a leadership crisis at the[...]
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Exclusive-UK’s Aviva conspired to dodge India compensation and tax rules, agency says

BY Reuters  • August 30, 2024August 30, 2024
By Aditya Kalra and Nikunj Ohri NEW DELHI (Reuters) -An Indian tax agency has found that British insurer Aviva breached local regulations capping commissions to sales agents with a system of fake invo[...]
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Lululemon to fast-track hot new styles after ‘Breezethrough’ fiasco

BY Reuters  • August 30, 2024August 30, 2024
By Savyata Mishra (Reuters) -Lululemon Athletica on Thursday promised to fast-track hot styles to the market, after embarrassing reviews of its “Breezethrough” leggings prompted the pricey[...]
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Exclusive-Amazon turns to Anthropic’s Claude for Alexa AI revamp

BY Reuters  • August 30, 2024August 30, 2024
By Greg Bensinger SAN FRANCISCO (Reuters) – Amazon’s revamped Alexa due for release in October ahead of the U.S. holiday season will be powered primarily by Anthropic’s Claude artifi[...]
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Apple, Nvidia in talks to join OpenAI funding round, media reports say

BY Reuters  • August 30, 2024August 30, 2024
(Reuters) -Apple and chip giant Nvidia are reportedly in talks to invest in OpenAI as part of a new fundraising round that could value the ChatGPT maker above $100 billion, according to media reports[...]
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ANZ CEO says no evidence bond trading scandal has cost Australian taxpayers

BY Reuters  • August 30, 2024August 30, 2024
By Byron Kaye SYDNEY (Reuters) -ANZ, Australia’s third-largest retail bank, has found no evidence that suspected misconduct by its employees during a 2023 government bond issuance had cost Austr[...]
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Elon Musk’s X braces for shutdown in Brazil as spat with judge intensifies

BY Reuters  • August 30, 2024August 30, 2024
By Ricardo Brito, Luana Maria Benedito and Andre Romani BRASILIA/SAO PAULO (Reuters) – Social media giant X said on Thursday it expects Brazil’s top court to order it to shut down, as a pi[...]
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Australian retail sales lose steam as tax cuts fail to excite shoppers

BY Reuters  • August 30, 2024August 30, 2024
By Stella Qiu SYDNEY (Reuters) -Australian retail sales were flat in July after two months of upbeat results, showing large-scale tax cuts were yet to boost spending and firming expectations the next[...]
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