Buy now, pay later firm Klarna swings to first-half profit ahead of IPO
Economy

Buy now, pay later firm Klarna swings to first-half profit ahead of IPO

“Buy-now, pay-later” firm Klarna aims to return to profit by summer 2023. Jakub Porzycki | NurPhoto | Getty Images Klarna said it posted a profit in the first half of the year, swinging into the black from a loss last year as the buy now, pay later pioneer edges closer toward its hotly anticipated stock […]

DOJ won’t defend Trump in Carroll rape defamation case anymore
Economy

DOJ won’t defend Trump in Carroll rape defamation case anymore

Writer E. Jean Carroll leaves a Manhattan court house after a jury found former President Donald Trump liable for sexually abusing her in a Manhattan department store in the 1990’s, New York City, May 9, 2023.Spencer Platt | Getty ImagesThe Department of Justice on Tuesday dropped its argument that Donald Trump was acting within the… […]

Singapore launches corruption probe involving transport minister
Economy

Singapore launches corruption probe involving transport minister

Singapore’s Prime Minister Lee Hsien Loong said July 12 that he has instructed the country’s transport minister S. Iswaran to go on leave after he was implicated in an anti-graft agency investigation.Roslan Rahman | Afp | Getty ImagesSINGAPORE — Singapore’s Prime Minister Lee Hsien Loong has asked the country’s transport minister to go on leave,… […]

Microsoft-Activision deal moves closer as judge denies FTC injunction request
Economy

Microsoft-Activision deal moves closer as judge denies FTC injunction request

A federal judge in San Francisco has denied the Federal Trade Commission’s motion for a preliminary injunction to stop Microsoft from completing its acquisition of video game publisher Activision Blizzard.The deal isn’t completely in the clear, though. The FTC can now bring the decision to the U.S. Court of Appeals for the 9th Circuit, and… […]