‘It’ll be carnage’: British companies dread a Brexit border breakdown
SEVINGTON: Deal or no deal, British companies will have to confront a wall of bureaucracy that threatens chaos at the border if...
Dollar rises versus risky currencies as coronavirus surges, US stimulus hope fades
LONDON: The dollar gained on Monday, as surging coronavirus cases in Europe and the United States and a lack of progress on...
Ant Group IPO pricing ‘history’s largest’, says Jack Ma
SHANGHAI: The mammoth dual listing for Chinese fintech giant Ant Group will be the world’s biggest, according to a pricing determined on...
Dubai unveils $136m stimulus
DUBAI: Dubai has announced a new 500 million dirhams ($136.14m) stimulus package to support the local economy, taking Dubai’s total stimulus measures...
Samsung’s Lee: tainted titan who built a global tech giant dies at 83
SEOUL: Lee Kun-hee, who built Samsung Electronics 005930.KS into a global powerhouse in smartphones, semiconductors and televisions, died on Sunday after spending more...
Covid-19 could cost global tourism $8.1tr: McKinsey
NEW YORK: The global tourism industry might face a cumulative drop of $8.1 trillion in spending as a result of the Covid-19...
US judge denies new government bid to remove China’s WeChat from US app stores
NEW YORK: A US judge in San Francisco on Friday rejected a Justice Department request to reverse a decision that allowed Apple...
Oil falls $1 per barrel on Libyan output, Covid-19 demand concerns
NEW YORK: Oil fell roughly $1 a barrel on Friday and headed for a weekly drop on rising Libyan crude supply and...
WhatsApp turns to business messaging to generate revenue
CALIFORNIA: The world’s most popular messaging service is pushing more aggressively into customer service features, including a pay-to-message option for businesses, and...
Huawei ekes out third-quarter revenue growth as US restrictions bite
SHANGHAI: Huawei Technologies Co Ltd eked out a gain in third-quarter revenue as the impact of the Covid-19 pandemic added to supply-chain...
Jack Ma to buy one-fifth of Ant shares in mega IPO
HANGZHOU: Alibaba Group agreed to subscribe to more than a fifth of Ant Group’s imminent initial public offering, propping up its part-owned...
Coca-Cola results beat as sales improve from pandemic lows
Coca-Cola Co beat revenue and profit expectations on Thursday as strong “at-home” sales helped the world’s largest soda maker bounce back from...
Exxon Mobil ‘very close’ to disclosing US, Canada job cuts, says CEO
HOUSTON: Exxon Mobil Corp XOM.N is "very close" to completing its workforce appraisals in the United States and Canada and expects to unveil...
Trial begins in Samsung leader’s suspected fraud, stock manipulation case
SEOUL: Samsung leader Jay Y. Lee’s trial, in a case of suspected accounting fraud and stock price manipulation connected to a 2015...
Tesla sets revenue record, makes profit thanks to pollution credit sales to rivals
NEW YORK: Tesla Inc on Wednesday reported its fifth consecutive quarterly profit on record revenue of $8.8 billion, boosted by an uptick...