Facebook’s WhatsApp brings digital payment to users in Brazil
NEW YORK: Facebook Inc’s WhatsApp messaging service rolled out a system across Brazil on Monday that will allow users to send money...
Tata Motors to shed 1,100 JLR jobs after pandemic hits earnings
BENGALURU: India’s Tata Motors Ltd expects to shed about 1,100 temporary jobs at Jaguar Land Rover after it raised the cost-cutting target...
Oil falls on growing fears of coronavirus second wave
LONDON: Oil prices fell on Monday as new coronavirus infections hit China and the United States, adding to concerns that a resurgence...
China’s factory output perks up but consumers stay cautious
BEIJING: China’s factories stepped up production for a second straight month in May, as the country shook off the economic torpor of...
Charging points surge ahead of electric car boom
FRANKFURT: The number of publicly accessible charging points for Electric Vehicles (EV) jumped 60 percent in 2019, the biggest increase in three...
American Express JV gets final approval to launch operations in China
SHANGHAI: China’s central bank has given the final nod to a network clearing license for an American Express joint venture, allowing it...
Amazon’s business practices examined by two US states
State investigators in both California and Washington are examining Amazon’s business practices, two newspapers reported, citing people familiar with the matter.
The inquiries...
Wall Street marks worst week since March selloff
NEW YORK: US stocks ended the last trading day higher as bargain hunters stepped back into the market following sharp losses a...
Moderna to start final testing stage of coronavirus vaccine in July
CHICAGO: Moderna Inc, on Thursday confirmed it plans to start a trial of 30,000 volunteers of its much-anticipated coronavirus vaccine in July...
China, US should resume timely communication on trade, says Chinese adviser
BEIJING: China and the United States (US) should resume timely communication on trade and other issues, an adviser to the Chinese cabinet...
Oil prices hit by record US crude inventories, bearish Fed
LONDON: Oil prices fell on Thursday, hit by another record build-up in US crude inventories and the US Federal Reserve’s projections that...
Number of US air passengers fell 96pc in April to historic low: US government
WASHINGTON: US airlines carried 3 million passengers in April, a staggering 96 percent decline from April 2019 amid the coronavirus pandemic and...
Airlines heading for $84 billion loss this year: IATA
PARIS: Airlines are set to lose $84 billion as the coronavirus pandemic reduces revenue by half to mark the worst year in...
Obscure Indian cyber firm spied on politicians, investors worldwide
WASHINGTON: A little-known Indian IT firm offered its hacking services to help clients spy on more than 10,000 email accounts over a...
Explainer: How will Britain pay for coronavirus borrowing?
LONDON: British government borrowing is soaring to levels not seen since World War Two, something Prime Minister Boris Johnson and his finance...