Coronavirus: UK inflation dives on oil-price crash
LONDON: British inflation hit a near four-year low in April as oil prices crashed, official data showed Wednesday, with the rate set...
Oil up on lower US stocks, firmer demand
LONDON: Oil prices firmed on Wednesday on signs of improving demand and a drawdown in US crude inventories, but worries over the...
Johnson & Johnson to stop selling talc baby powder in US, Canada
Johnson & Johnson on Tuesday announced it would stop selling its talc Baby Powder in the United States and Canada, saying demand...
Facebook to launch new shopping feature across apps
Facebook Inc is launching Shops, a service that will allow businesses to display and sell products on the world’s largest social network’s...
ADB approves $300m to fight COVID-19 in Pakistan
ISLAMABAD: The Asian Development Bank (ADB) on Tuesday approved $300 million emergency assistance loan to strengthen Pakistan’s public health response to the...
Uber to focus on core rides, delivery business as cuts more jobs
Uber Technologies Inc will concentrate on its core businesses in ride-hailing and food delivery, Chief Executive Officer Dara Khosrowshahi said in an...
Macron, Merkel propose $543bn euro Recovery Fund as ‘major step forward’
PARIS: France and Germany agreed on Monday to propose creating a 500 billion euro ($543 billion) Recovery Fund that would offer grants...
Alibaba’s Jack Ma quits board of Japan’s struggling SoftBank
TOKYO: Chinese billionaire Jack Ma is stepping down from the board of SoftBank Group Corp., as the Japanese technology company struggles over...
Oil prices hit one-month highs on output cuts, demand signs
SINGAPORE: Oil prices climbed by more than $1 a barrel on Monday, supported by output cuts and signs of gradual demand recovery...
Japan’s economy tips into recession amid Covid-19
Japan dived into its first recession since 2015, according to official data Monday, with the world's third-largest economy contracting by 0.9 percent...
Amazon hit from all sides as crisis highlights growing power
As Amazon becomes an increasingly important lifeline in the pandemic crisis, it is being hit with a wave of criticism from activists,...
Emirates plans to cut about 30,000 jobs amid virus outbreak, Bloomberg reports
Emirates Group is planning to cut about 30,000 jobs to reduce costs amid the coronavirus outbreak, which will bring down its number...
Saudi sovereign fund buys minority stakes in Citi, Boeing, Facebook
DUBAI: Saudi Arabia’s sovereign wealth fund has bought minority stakes in major American companies including Boeing, Facebook and Citigroup, according to a...
IMF’s Georgieva urges tech firms to work on access to digital economy for all
WASHINGTON: Big technology companies that are reaping gains as result of increased reliance on online systems during coronavirus quarantines and lockdowns should...
US moves to cut Huawei off from global chip suppliers
WASHINGTON: The Trump administration on Friday moved to block shipments of semiconductors to Huawei Technologies from global chipmakers, in an action ramping...