Daimler reported a consensus beating second-quarter operating loss of 1.68 billion euros (US$1.91 billion) on Thursday and said it expected earnings before interest and taxes in 2020 to be higher than last year.
A reopening of some major economies locked down due to the coronavirus has lifted global oil prices and encouraged U.S. shale producers to return at least a third of the 2 million barrels per day (bpd) curtailed since April.
China launched an unmanned probe to Mars on Thursday in its first independent mission to visit another planet, a bid for global leadership in space and display of its technological prowess and ambition.
HONG KONG: Chinese online grocery startup MissFresh said on Thursday it has raised US$495 million in its latest round of fundraising. Investors include a fund under China International Capital Corporation, Tencent, Abu Dhabi Capital Group and Tiger Global, the company said in a statement ...
SHANGHAI: China's three main telecommunications operators have built more than 400,000 5G base stations by the end of June 2020, the country's Ministry of Industry and Information Technology (MIIT) told a press briefing on Thursday. The figure marks an increase from the 130,000 5G base stations ...
French video game maker Ubisoft said it was bringing in "profound changes" following allegations of inappropriate behaviour at the group, as it reported higher-than-forecast net bookings for its fiscal first quarter.
Microsoft Corp's flagship cloud computing business Azure reported quarterly sales growth of under 50per cent for the first time ever on Wednesday, sending the tech giant's shares down 2per cent.
South Korea's SK Hynix, the world's No.2 memory chip maker, on Thursday warned of uncertainty in the second half of 2020 after its second-quarter operating profit tripled, beating analysts' forecasts thanks to higher chip prices.
More than half of U.S. companies surveyed by benefits company Mercer are starting COVID-19 contact tracing programs in their workplace with employees venturing back to offices even as new cases soar nationally.
SEOUL: The South Korean economy plunged into recession in the second quarter in its worst decline in more than two decades as the COVID-19 pandemic battered exports and social distancing curbs paralysed factory output. Asia's fourth-largest economy shrank by a seasonally adjusted 3.3 per cent in ...
