About 1.7 million people downloaded the new entertainment streaming app Quibi during its first week on the market, Chief Executive Meg Whitman told CNBC television on Monday.
Australia's unemployment rate is expected to soar from 5.1 percent to 10 percent in the June quarter as the coronavirus fallout hits the economy, according to Treasury figures released Tuesday.
Oil prices rose on Tuesday after a U.S. agency said shale output in the world's biggest crude producer would fall by the most on record in April, adding to cuts from other major producers.
WASHINGTON: President Donald Trump said on Monday (Apr 13) that his administration was close to completing a plan to re-open the US economy, which has been largely shut down to slow the spread of COVID-19. In his daily news briefing, Trump noted that the number of deaths from the virus...
Lucky Strike cigarette maker British American Tobacco is under criminal investigation by U.S. regulators over suspected sanctions-busting, The Times reported https://bit.ly/2ydR5Wm on Tuesday.
SoftBank Group Corp shares were untraded with a glut of sell orders on Tuesday morning after estimating the Vision Fund will record a 1.8 trillion yen (US$16.73 billion) loss in the year ended March due to faltering bets on unproven startups.
Asian stocks were set for a modest bounce on Tuesday as U.S. stock futures edged higher, although fears the coronavirus could drag on the global economy for months are likely to temper investor confidence.
GrubHub, DoorDash, Postmates and Uber Eats were sued on Monday for allegedly exploiting their dominance in restaurant meal deliveries to impose fees that consumers ultimately bear through higher menu prices, including during the coronavirus pandemic.
SINGAPORE: As lockdowns worldwide drive a surge in internet use, boosting online sales for businesses as varied as gaming and food delivery, the stocks of internet providers are an unlikely laggard on global markets. In Asia, Africa, Europe and the Americas, a combination of high fixed costs, debt ......
REUTERS: News Corp said on Monday that its newspaper advertising revenue would take a hit from economic disruptions caused by the spread of the coronavirus pandemic. Advertising revenue has plummeted for many publishers as companies slash marketing budgets and prove reluctant to buy ads against ...
