New Zealand Consumer Confidence Rises in June as Inflation Expectations Ease 
Turkey Vehicle Sales Fall 11.4% in June as Auto Market Weakens 
Kawasaki Heavy Shares Slide on Report of ¥200 Billion Capital Raise Plan 
US Jobs Report Preview: June Payroll Growth Seen Slowing as Fed Rate Decision Looms 
Goldman Sachs Says China Competition Weighs More on EU Growth Than Trade Deficit 
Australia Trade Balance Swings to Surprise Deficit as Imports Outpace Exports in May 
SK Holdings, KKR Launch $1.3B Renewable Energy Venture in South Korea 
TetherMax Rebranding Highlights Official Exchange Partnerships as Foundation of Trust 
Lockheed Martin Emerges as Frontrunner to Acquire Ultra Maritime in $3.5 Billion Defense Deal 
Japan Signals Readiness to Act on Yen as Intervention Speculation Grows 
Meta CEO Zuckerberg Says AI Agent Development Has Slowed Despite Massive AI Investment 
ShareChat Eyes 2027 IPO After Reaching Operational Profitability, Report Says 
Gold Price Today: Bullion Heads for First Weekly Gain as Weak U.S. Jobs Data Eases Rate Hike Fears 
Gold Price Surges Above $4,120 as Weak US Jobs Data Lowers Fed Rate Hike Expectations 
Suncorp Cuts 2026 Premium Growth Forecast as Australia, New Zealand Markets Weaken 
Brazil to Phase Out Gasoline Subsidy First as Diesel Support Stays Longer 
JD.Com’s founder Richard Liu has settled his civil lawsuit related to a sexual assault complaint in the United States. The billionaire that owns one of the largest e-commerce platforms in China has resolved the case that was brought to court by Liu Jingyao, a former student at the University of Michigan.
As per Reuters, the student accused the businessman, who is also being called the Jeff Bezos of China, of rape. The suit has been in court since 2018, and the long-running legal battle was filed by Liu Jingyao, who was only 21-year-old at that time.
They also confirmed through the statement that the suit has already been settled after the jury selection proceedings at a court in Minnesota. However, they did not release any other details regarding the terms or any amount that was agreed on in the settlement.
The multi-billionaire vacated his post as the chief executive officer of JD.com this year as Beijing tightens its hold on tech firms in the country. He dismissed the allegation of student Jingyao Liu, and it was said that the prosecutors never filed any criminal charges thus, it was only a civil suit. Moreover, Associated Press News reported that in a joint statement from the lawyers of the two parties, they said that the incident was just “a misunderstanding.”
“The incident between Ms. Jingyao Liu and Mr. Richard Liu in Minnesota in 2018 resulted in a misunderstanding that has consumed substantial public attention and brought profound suffering to the parties and their families,” AP quoted the lawyers as saying in a joint statement. “Today, the parties agreed to set aside their differences, and settle their legal dispute in order to avoid further pain and suffering caused by the lawsuit.”
Finally, the settlement was published two days before the trial was set to start this week at a courtroom in Minneapolis court. The jury has already been selected, and they consist of five women and seven men, but it appears that the trial will no longer proceed as both sides have reached a settlement deal.
