Walmart Inc has selected the founders of UK petrol station operator EG Group and private equity firm TDR Capital as the preferred bidders for its Asda supermarket chain, valued at 6.5 billion pounds (US$8.39 billion), Sky News reported on Monday.
FITCH Ratings has affirmed its "AA-" ratings on Singapore banks and removed the trio from rating watch negative (RWN), given that the materialisation of stressed conditions have become "less immediate".
Beijing on Monday accused the Trump administration of abusing "national power" by trying to ban TikTok, as a federal court gave the video app's US operations a stay of execution.
The association representing London black cab drivers said a judge's decision to restore Uber's operating licence on Monday was a "disaster" for the British capital.
Sina Corp , owner of social media platform Weibo, will be taken private by a holding company led by Chief Executive Officer Charles Chao in a US$2.6 billion deal, the Chinese internet company said on Monday.
Technology firms' compliance with European restrictions on transatlantic data transfers is shockingly poor, Austrian privacy campaigner Max Schrems said on Monday, publishing a survey https://newsletter.noyb.eu/v/100912/5/f6vVcqeA9J/59532544 of companies including Facebook and Netflix.
Uber has won a legal bid to restore its London operating licence which was taken away by the city's transport regulator over safety concerns, after a judge decided on Monday that it was a fit and proper operator. Transport for London refused to grant the Silicon Valley-based company a...
SINGAPORE will soon calibrate its debt moratorium schemes, with the regulator looking to extend its programmes to certain borrowers beyond Dec 31, while also ensuring that those with the ability to pay should begin repayment even before the year-end deadline, The Business Times understands.
Volkswagen AG said on Monday it and three local joint ventures plan to invest around 15 billion euros (US$17.44 billion) in electric mobility in China, the world's biggest car market, between 2020 and 2024.
Huawei Technologies Chief Financial Officer Meng Wanzhou will be back in a Canadian courtroom on Monday as her lawyers resume their fight to block the United States' efforts to extradite her.
