ByteDance has said it will create a U.S. subsidiary partly owned by U.S. majors Oracle and Walmart and managed mainly by Americans, to pacify the administration of U.S. President Donald Trump which had planned to ban TikTok on security grounds.
Brazilian oil company Petrobras said on Monday it will open another round of bidding for its Repar refinery in the state of Parana after receiving binding offers that were too similar in value.
Asian shares opened weaker on Tuesday on concerns about new pandemic lockdowns in Europe and after reports about financial institutions allegedly moving illicit funds hurt global banking stocks.
The Australian operation of Chinese telecommunications equipment maker Huawei Technologies Co Ltd said it would continue to cut staff numbers and investment in the country amid strained relations between Beijing and Canberra.
U.S. President Donald Trump on Monday said he was rebuffed when he asked officials to adjust the exchange rate of the dollar to counteract what he described as repeated currency manipulation by China of its yuan.
The US economy will only recover from the coronavirus downturn when people feel safe to resume their normal activities, Federal Reserve Chair Jerome Powell said in remarks released Monday ahead of congressional testimony.
Airbus has unveiled three visual concepts for "zero emission" airplanes to be powered by hydrogen.
The local tourism vouchers are a smart policy innovation to lift the tourism industry without propping up zombies. And Singaporeans get a vote too.
Brand survival in the pandemic is part luck, but there are some lessons to be learnt, says the Financial Times’ Rana Foroohar.
The U.S. aviation regulator should require new cockpit procedures for Boeing Co's 737 MAX to help pilots disable an erroneous stall alert that could be a serious distraction during mid-flight emergencies, the world's largest pilot union said on Monday.
