KUALA LUMPUR: Malaysia’s largest rubber glove manufacturer Top Glove is investing US$1 billion over the next five years to expand its production capacity, in order to meet surging demand for protective gloves amid the COVID-19 pandemic. Speaking to CNA in an exclusive interview, Top Glove’s ...
FRANKFURT: Germany has banned Tesla from repeating what a court says are misleading advertising statements relating to the capabilities of the firm's driver assistance systems and to autonomous driving, a Munich judge ruled on Tuesday. Tesla can appeal the ruling. The case was brought by ...
Britain's decision to ban China's Huawei from its 5G network increases further pressure on EU countries to impose stricter limits on the world's largest telecoms equipment maker just as the company expands its footprint across Europe.
Three of the largest U.S. banks said on Tuesday they had set aside a whopping US$28 billion for loan losses, in a stark reminder that much of the economic pain from the coronavirus pandemic is still to come.
Sylvia's, a soul food restaurant on Malcolm X Boulevard in Harlem, New York, saw a welcome bump in donations and revenue from new customers in early June following calls to "buy Black" after the death of George Floyd.
SINGAPORE: More than 10,600 companies have taken up loans amounting to about S$9.4 billion under schemes overseen by Enterprise Singapore in the last four months from March to June. This is more than seven times the amount for the whole of 2019, when about S$1.3 billion in such loans was...
Citigroup Inc reported a nearly 73 per cent plunge in quarterly profit on Tuesday as the bank set aside US$5.6 billion to brace itself for a potential surge in loan defaults stemming from the coronavirus outbreak.
U.S. consumer prices rebounded in June after three straight monthly declines as businesses reopened, but the underlying trend suggested inflation would remain muted and allow the Federal Reserve to keep injecting money into the ailing economy.
Prime Minister Boris Johnson has ordered Huawei equipment to be purged completely from Britain's 5G network by 2027, risking the ire of China by signalling that the world's biggest telecoms equipment maker is no longer welcome in the West.
Prime Minister Boris Johnson's government will ban Huawei from Britain's 5G network by ordering telecoms companies to remove its equipment by 2027, Media Secretary Oliver Dowden said on Tuesday.
