Business & Financial News, U.S & International Breaking News

London has no desire for a bonfire of regulations to retain its position as a top international finance centre after Brexit but it is ready to act if the European Union blocks access, the City of London's political leader said.

China's ByteDance is cutting the size of its 2,000-plus India team and is unsure when it will make a comeback, the company told employees in an internal memo on Wednesday, months after its popular TikTok video app was banned.

A consortium led by state-owned pharma giant Sinopharm plans to take private China Traditional Chinese Medicine Holdings in a deal that would value the firm at at least $3.3 billion, said two people with direct knowledge of the matter.

Nguyen Phu Trong, Vietnam's ruling Communist Party chief, has been nominated for a rare third term, a Party official said, according to several state media articles that were published on Wednesday then subsequently amended, removing the comments.

Nissan Motor Co said on Wednesday all its "new vehicle offerings" in key markets would be electrified by the early 2030s, as part of the Japanese automaker's efforts to achieve carbon neutrality by 2050.

Presented with a movie, meal, medicines and a $20 cash handout, Cambodia's cyclo taxi drivers received a rare treat at the weekend, and a brief distraction from hard times as the coronavirus takes a toll on tourism.