Samsung facing growing threats despite record profits
SEOUL:Â Sprawling South Korean conglomerate Samsung Electronics has recovered from a humiliating recall fiasco and the arrest of its de-facto leader with remarkable...
Countries must avoid protectionism ‘at all costs’: IMF
WASHINGTON: The International Monetary Fund warned world leaders on Friday to avoid resorting to protectionist measures "at all costs" due to the...
China, Sri Lanka sign long-delayed $1.5 billion Hambantota port deal
Sri Lanka's government on Saturday signed a long-delayed agreement to sell a 70-percent stake in a $1.5 billion port to China in...
US economy records 2.6pc growth during April-June 2017 quarter
Washington: The U.S. economy revved up this spring after a weak start to the year, fueled by a surge in consumer spending....
Foxconn to build a $10b plant in Wisconsin
Hong Kong: Taiwan-based contract manufacturer Foxconn Technology Group says it plans to build a $10 billion plant in Wisconsin to make liquid-crystal...
IMF launches new form of aid-with no money
Washington: The International Monetary Fund (IMF) announced on Wednesday it will launch a new tool to support governments in financial trouble —...
Samsung posts record quarterly profit of $9.7b in April-June 2017
Seoul: Samsung Electronics reported its all-time high quarterly profit on Thursday as its semiconductor profit surged to a record high thanks to...
Will the $2.7b fine by EU impact Google’s revenue stream in the region?
San Francisco: Google's parent company Alphabet can easily afford the $2.7 billion write-down it's taking to cover a big antitrust fine in...
Audi recall 850,000 diesel vehicles for updating software to improve emission performance
Berlin: German automaker Audi says it will fit up to 850,000 diesel cars with new software to improve their emissions performance, following...
Why was the darknet website Alphabay taken down?
New York: AlphaBay, the now-shuttered online marketplace that authorities say traded in illegal drugs, firearms and counterfeit goods, wasn't all that different from any...
Facebook considering introducing news paywall
New York: Facebook is working on a way for news organizations to charge readers for articles they share and read on the...
China cracks down on VPNs attempting to escape Great Firewall
Beijing: China is tightening control over foreign companies’ internet use in a move some worry might disrupt their operations or jeopardize trade...
Increase in exports boosting Asia’s growth prospects: ADB
Manila: Stronger-than-expected export demand has improved growth prospects for Asia’s developing economies, including China, the Asian Development Bank said Thursday.
The Manila, Philippines-based...
‘Smart’ money moving to ‘green’ financing: UN report
New York: Even though investments towards sustainable development in developing countries have fallen short by nearly $2.5 trillion each year, emerging financial...
Bitcoin dispute creates uncertainties among its traders
Washington: Got some bitcoin? An internal dispute over the digital currency could soon mean financial losses, whipsawing prices and delays in processing...