The investment fund CK Hutchison, based in Hong Kong, has revealed the sale of a 90% share in the Panama Canal port infrastructure (Panama Ports Company, PPC) to a group of investors headed by the US fund BlackRock, alongside 80% in Hutchison Port Holdings (HPH), which manages 43 seaports across 23 nations. The agreement totaled $22.8 billion. The port assets of CK Hutchison will be overseen by a...

The Information Commissioner's Office (ICO) has revealed the initiation of an inquiry into TikTok's use of minors' personal data to suggest content to them. Inquiries will additionally be conducted regarding the Reddit and Imgur platforms. As stated in the agency's press release, the three inquiries will examine “how TikTok, Reddit, and Imgur safeguard the privacy of their underage users in the...

According to data from the company, Chinese electric vehicle manufacturer BYD plans to carry out an extra share offering of as much as HK$40.7 billion ($5.2 billion), Bloomberg reports. This issuance will be the biggest of its kind in Hong Kong in the past four years. BYD is presenting investors with 118 million shares priced between HK$333 and HK$345 ($42.8 to $44.4). This is as much as 8.4%...

This weekend, protests took place in the United States and in various European cities against Elon Musk's actions during Donald Trump's administration. As reported by CNN, inhabitants of Boston, Portland, Washington, D.C., Tucson (Arizona), and various cities in California and Florida demonstrated on the streets. For the first time, Europeans participated in the protests, assembling outside Tesla...

The Financial Times (FT) reveals that a Citigroup staff member mistakenly deposited $81 trillion instead of $280 into a client's account. The event took place in April of last year, and it required several hours to rectify the mistake. Another bank staff member, responsible for confirming transfers before they are approved and managing payments, failed to notice the mistake. Consequently, the...

The Japanese car manufacturer Toyota has released figures regarding production. In January, the company manufactured a total of 781.7 thousand vehicles globally. This is 6% higher than in January of the previous year and marks the first year-on-year rise in the past 12 months. Toyota's output in Japan reached 266,000 vehicles, marking a 22% increase compared to the previous year. This contributed...

Japan's biggest airline All Nippon Airways (ANA) has ordered 77 planes from three manufacturers: Boeing, Airbus, and Embraer. As reported by Kyodo news agency, this represents the largest contract for a Japanese firm, valued at approximately ¥2 trillion ($13.4 billion), not counting discounts. U.S. Boeing secured an order for 30 aircraft from ANA, while Europe's Airbus received an order for 27,...

The U.S. automaker General Motors revealed a $6 billion share repurchase initiative and chose to raise dividends, according to Bloomberg, which references the company’s announcement. GM's repurchase program has no set deadline, but the firm aims to finish the initial phase of the buyback, totaling $2 billion, by the end of the second quarter. GM has also chosen to raise its quarterly dividend to...

Malaysia's Petronas, the leading oil and gas firm in Southeast Asia, has announced its financial results for the second half and the entire year of 2024. Total annual revenue decreased by 0.2% to 305.1 billion Malaysian ringgit ($70.2 billion). At the same time, net earnings decreased by 34% to 49.1 billion ringgit ($11.3 billion). The company linked the declining performance to reduced energy...