HOUSTON: Offshore platforms and one refinery along the U.S. Gulf Coast shut down on Sunday as they prepared for a second hurricane strike in less than a month. Phillips 66 began shutting its 255,600 barrel-per-day (bpd) Alliance, Louisiana, refinery as Tropical Storm Sally was forecast to pass ...
DAEJEON, South Korea: When the South Korea government unveiled an expanded semiconductor material testing facility last month, the centrepiece was a towering white machine given by Samsung Electronics at a fraction of its market price. The facility, aimed at motivating local suppliers to make and ...
NEW YORK: US tech giant Microsoft said on Sunday (Sep 13) its offer to buy TikTok was rejected, as a deadline looms for the Chinese-owned video app to sell or shut down its US operations. TikTok has been at the centre of a diplomatic storm between Washington and Beijing,...
Asian shares started higher on Monday as hopes of a coronavirus vaccine were rekindled after AstraZeneca resumed its phase-3 trial while sentiment was still cautious ahead of a big week of central bank meetings in UK, Japan and the United States.
NEW YORK: China's ByteDance has picked a consortium led by Oracle Corp for a deal for the US operations of short-video app TikTok, beating out rival bidder Microsoft Corp, a person familiar with the matter said on Sunday. ByteDance has been in talks to sell TikTok's US busines to potential...
SEATTLE: Microsoft said on Sunday (Sep 13) it was informed by Bytedance that it would not be selling TikTok's US operations to Microsoft. "We are confident our proposal would have been good for TikTok’s users, while protecting national security interests," Microsoft said in a statement.
Softbank Group Corp on Monday said it has agreed to sell chip designer Arm to Nvidia Corp for as much as US$40 billion.
SINGAPORE: Arranging and checking layouts for art works, corporate banners and signages before sending them for printing have been Ms Cheang Meng Ching’s key responsibilities as a desktop publisher for the past 10 years. But since May, her keen eye for detail has been put to quite different tasks...
The pandemic has forced coffee shops to close, or shift their business to a greater focus on takeaway and online sales, says an observer.
Developing countries have considered a leapfrog strategy of moving directly into services to boost growth but they shouldn’t give up on manufacturing, says Célestin Monga.
