McDonald’s global sales suffer as Covid-19 lockdowns limit operations
McDonald’s Corp on Tuesday reported a broad drop in global same-store sales and missed profit expectations, as its restaurants were shut due...
KP traders demand round-the-clock opening of businesses
PESHAWAR: Sarhad Chamber of Commerce and Industry (SCCI) President Engr Maqsood Anwar Pervaiz on Saturday complained that despite clear directions from the...
Exclusive: India regulator probing some Adani offshore deals for possible rule violations
India's market regulator is investigating possible violation of 'related party' transaction rules in the Adani Group's dealings with at least three offshore...
IMF’s $3bn tranche to Argentina on hold as talks go on
The local peso currency has lost more than half its value against the US dollar this year as concerns swirled over the government’s ability to pay its debt obligations next year.
Meta lays off tech teams, battering employee morale
Meta Platforms Inc (META.O)Â on Wednesday carried out another round of job cuts, this time hitting engineers and adjacent tech teams, as Chief...
Apple says it has no interest in buying TikTok
Apple Inc has no interest in acquiring TikTok, the company said on Tuesday, denying a report by news website Axios from earlier...
EU, US warn Malaysia of security risk in Huawei’s bid for 5G role – FT
The European Union and U.S. have warned Malaysia over risks to national security and foreign investment as it finalises a review of...
UK net debt passes 100% of GDP for first time since 1961
Britain's public sector net debt surpassed 100% of gross domestic product in May as borrowing came in higher than expected, the Office...
On eve of bankruptcy, US firms shower execs with bonuses
Nearly a third of more than 40 large companies seeking US bankruptcy protection during the coronavirus pandemic awarded bonuses to executives within...
Industrialists urge govt to take pragmatic steps for resolution of issues
PESHAWAR: Industrialists have urged the government to take pragmatic steps for resolution of issues to promote industrialization in Khyber Pakhtunkhwa.
The industrialists Association...
Sri Lanka risks EU trade concessions over political slide back – envoy
The European Union is worried the return of Mahinda Rajapaksa, as prime minister, could derail halting progress made towards national reconciliation following a war with ethnic minority Tamil separatists that killed tens of thousands, many during the final stages under his watch as president.
At G7, a warning about economic outlook as US debt crisis looms
Finance leaders of the Group of Seven (G7) nations warned on Saturday of mounting economic uncertainty, in a subdued end to a...
India’s economy to hold top spot for GDP but not so much for jobs growth: Reuters poll
India's economy will grow at a solid pace for the rest of this fiscal year and next but well below its potential...
Exclusive: China’s state banks selling dollars offshore to slow yuan declines, sources say
China's major state-owned banks were seen selling dollars to buy yuan in the offshore spot market in early Asian trades on Thursday,...
Yellen is calling CEOs personally to warn on US debt ceiling, sources say
Treasury Secretary Janet Yellen is reaching out to U.S. business and financial leaders to explain the "catastrophic" impact a U.S. default on...