Chinese e-commerce giant Alibaba Group Holding Ltd said orders made during its Singles' Day mega-shopping festival had exceeded US$56 billion by Wednesday morning, as consumers sought to cash in on a deluge of discounts.
NEW YORK: ByteDance, the Chinese parent company of video-sharing app TikTok, filed a petition late on Tuesday (Nov 10) with a US Appeals Court challenging a Trump administration order set to take effect on Thursday requiring it to divest TikTok. President Donald Trump in an Aug 14 order directed ...
Senior Democratic U.S. lawmakers on Tuesday demanded Federal Communications Commission (FCC) Chairman Ajit Pai and Federal Trade Commission Chairman (FTC) Joseph Simons halt work on all partisan or controversial items in light of last week’s presidential election results.
Far more executives from technology companies than outspoken tech critics were named to U.S. President-elect Joe Biden's transition team on Tuesday, offering clues on who will decide on filling key roles and ultimately influence his administration's thinking in coming years.
Chinese-owned short video sharing app TikTok said late on Tuesday it had filed a petition in a U.S. Appeals Court challenging a Trump administration order set to take effect on Thursday.
U.S. President-elect Joe Biden tapped finance, trade, and banking regulatory experts for his transition team that ranged from core Democrats to progressive activists, reflecting ongoing debate within the party about how to address economic issues from wealth inequality to climate change.
The pandemic has made online sales so commonplace that the annual Singles Day sale bonanza does not feel exciting at all, says Karen Tee.
News of a breakthrough in the race to find a COVID-19 vaccine sparked one of the heaviest trading days since the height of the pandemic crisis, according to early data analysed by Reuters, with nearly US$2 trillion changing hands on Monday.
A surge in novel coronavirus cases threatens to slow U.S. economic growth once more in coming months, Federal Reserve policymakers said on Tuesday, and to get through it the economy will again need government aid.
Biden has been strategically ambiguous about the timeline of decarbonising the US economy, says an observer.
