BEIJING: China's retail sales dropped in July, official data showed on Friday (Aug 14), indicating that sluggish consumer spending could hold up the country's recovery from the coronavirus outbreak. Retail sales - a key indication of consumer sentiment - shrunk by 1.1 per cent on-year, falling ...
Oil prices advanced on Friday and were heading for a second week of gains amid growing confidence that demand for fuel is starting to pick up despite the coronavirus pandemic that has slammed economies worldwide.
CureVac BV raised US$213 million in its initial public offering on Thursday, a person familiar with the matter said, setting the stage for the first stock market debut of a company developing a promising vaccine to combat the novel coronavirus.
The We Company, owner of WeWork, told employees on Thursday that it cut its cash burn rate almost in half to US$671 million from the end of last year and obtained a US$1.1 billion commitment in new financing from majority owner SoftBank .
Airbnb said Friday it is restricting the ability of people under 25 in Britain, France and Spain from renting entire homes via its platform in order to reduce unauthorised parties and ensure safety.
Asian shares were set for a largely flat start on Friday as markets weighed a pause in Wall Street's multi-month stock rebound and awaited the release of Chinese economic data later in the session.
Australian mining magnate Gina Rinehart's Hancock Prospecting Pty is hoping a charm offensive, from annual fundraising parties to local refurbishments at a golf course, will help overcome opposition to a massive new coal mine in Canada’s Rocky Mountains.
SINGAPORE: Chinese tech giant ByteDance censored content it perceived as critical of the Chinese government on its news aggregator app in Indonesia from 2018 to mid-2020, six people with direct knowledge of the matter told Reuters. The sources said that local moderators were instructed by a team ...
President Donald Trump said on Thursday that any deal to sell Chinese-owned social media app TikTok to an American company must "substantially" benefit the United States and provide "total security."
Normally stock markets tell us a lot about the economy, but there might be structural reasons why they’re divorced from reality this time, says an observer.
