Embattled Chinese property developer China Vanke announced on Monday that it has sold a plot of land in Shenzhen for 2.24 billion yuan ($309.23 million). This sale price is more than 27% below what the company paid for the land nearly seven years ago. China Vanke is striving to raise funds following its statement […]

  Russia will construct a small nuclear power plant in Uzbekistan, marking the first such project in post-Soviet Central Asia. This announcement was made by Uzbek President Shavkat Mirziyoyev during a meeting with visiting Russian President Vladimir Putin. If realized, this nuclear deal will demonstrate Russia’s capability to export not only energy but also high-tech

  Amazon’s cloud computing arm, AWS, is negotiating with Italy to invest billions of euros in expanding its data center operations in the country. This initiative is part of Amazon’s strategy to strengthen its cloud services in Europe, according to four sources familiar with the matter. The discussions about the investment’s scale and location are

Iran continues to enrich uranium close to weapons-grade levels at a steady pace, while efforts to enhance its cooperation with the U.N. nuclear watchdog remain stalled, according to two confidential reports from the watchdog revealed on Monday. The International Atomic Energy Agency (IAEA) is encountering multiple challenges in Iran, including the limited implementation of measures

  Oil prices rose over 1% in quiet trading on Monday due to public holidays in Britain and the United States, following a downbeat week driven by concerns over U.S. interest rates amid persistent inflation. The Brent crude July contract increased by $1, or 1.2%, to settle at $83.12 a barrel. The more active August

  Meta Platforms (NASDAQ) has enhanced its misinformation tracking tool, CrowdTangle, with new safety features for the upcoming European Parliament elections. These improvements aim to address EU concerns that led to an investigation last month following Meta’s decision to phase out the tool. Last week, the U.S. social media giant announced that candidates for the

  Brazil’s central bank chief, Roberto Campos Neto, stated on Monday that policymakers believe inflation expectations should stabilize and improve over time, despite recent concerns about them deviating from the official target. “It is generally possible to be optimistic when we look at the reasons for the unanchoring of inflation expectations,” he said at an

  Thunderstorms that spawned tornadoes swept through the Southern Plains and the Ozark Mountains, resulting in the deaths of at least 21 people across four U.S. states as of Monday afternoon and causing extensive damage to hundreds of buildings. Forecasters warned of the potential for more severe weather. Over the three-day Memorial Day holiday weekend,

  Oil prices stabilized in Asian trading on Monday as investors awaited the upcoming OPEC+ meeting scheduled for June 2, where discussions are expected to focus on extending voluntary output cuts for the remainder of the year. The July contract for Brent crude rose by 24 cents to $82.36 a barrel as of 0638 GMT,