Bitcoin extends retreat from record high to hit lowest in 20 days
NEW YORK: Bitcoin fell to its lowest since Feb 8 in thin trade on Sunday, down 3.7% from Friday’s close as the...
McDonald’s says mulling partial sale of digital unit
WASHINGTON: McDonald's is weighing the sale of part of digital start-up Dynamic Yield, which it bought two years ago in a bid...
UK to provide 5 billion pounds to pandemic hit businesses in budget
LONDON: The United Kingdom (UK) government will announce 5 billion pounds ($7 billion) of additional grants to help businesses hit hard by...
Biden on track to apply Trump-era rule targeting Chinese tech supply chain concerns
WASHINGTON: The Biden administration plans to allow a Trump-era rule targeting Chinese technology firms deemed to pose a threat to the United...
India’s Reliance partners with Google, Facebook for digital payment network bid
NEW DELHI: India’s conglomerate Reliance Industries has partnered with Facebook Inc, Google and fintech player Infibeam to set up a national digital...
Biden scores legislative win as House passes $1.9tr Covid-19 relief plan
WASHINGTON: President Joe Biden scored his first legislative win as the House of Representatives passed his $1.9 trillion coronavirus relief package early...
Airbus exploring hybrid-electric aircraft technology
PARIS: Airbus is working on hybrid-electric propulsion among the options for reducing jetliner emissions, the European planemaker said on Friday.
It disclosed the...
Oil drops on dollar strength and OPEC+ supply expectations
LONDON: Oil prices fell on Friday as bond price rout led to gains in the US dollar while crude supply is expected...
Bitcoin slumps 6pc, heads for worst week since March
LONDON: Bitcoin fell over 6pc on Friday to its lowest in two weeks as a rout in global bond markets sent yields...
Coinbase listing filing shows surge in revenue amid bitcoin boom
NEW YORK: Coinbase, the biggest US cryptocurrency exchange, moved a step closer to listing on the Nasdaq with a filing on Thursday...
Oil prices hit 13-month highs on tighter supplies
SINGAPORE: Oil prices rose for a fourth straight session on Thursday to the highest levels in more than 13 months, underpinned by...
Geely and Volvo to launch powertrain venture after merger scrapped
BEIJING/STOCKHOLM: China’s Geely Automobile and its Swedish sister company Volvo Cars will abandon merger plans but launch a new entity to combine...
World stocks’ dance to continue, but inflation could mute the music
BENGALURU: The bull-run in global stocks fuelled by cheap cash and reflation hopes will continue for at least another six months but...
Outlook for airlines deteriorating in 2021: IATA
LONDON: Global airline industry body IATA warned that the outlook for airlines had weakened since its December forecasts, and due to tightening...
Oil edges higher as surprise US stock build weighs
LONDON: Oil prices edged higher on Wednesday amid continued outages in the United States and a weaker dollar, but a surprise build...