Embattled coffee chain Luckin Coffee has decided against ousting its founder and chairman, despite an internal investigation concluding that last year's revenue included millions of dollars in fake sales.
Apple supplier Foxconn said on Friday customs clearing procedures in India have been resolved, as additional scrutiny by the country of imports from China disrupted operations in some foreign firms amid tensions between the Asian giants.
Asian shares rallied to a four-month high on Friday on robust U.S. payrolls data and a brisk pickup in Chinese service sector activity but a surge in coronavirus cases in the United States kept a lid on further risk-taking.
Citigroup is planning to hire more bankers in Saudi Arabia for its direct custody business after adding more than 20 for onshore capital markets in the last two years, its Europe, Middle East and Africa head said.
Reliance Industries Ltd said on Friday that Intel Corp would buy a 0.39per cent stake in its digital unit, Jio Platforms, for 18.95 billion rupees (US$253.55 million).
As they reel from canceled productions and shuttered theaters, the shows that give Broadway its bright lights and draw millions of tourists to New York are facing a new obstacle to reopening: lack of pandemic insurance.
Facebook, Alphabet-owned YouTube, Twitter and other social media will for the first time be subject to EU broadcasting rules on hate speech and harmful content under European Commission guidelines announced on Thursday.
Brazil's central bank president said on Thursday that Facebook Inc messaging service WhatsApp would be allowed to launch its new payments service in the country, but called for proof it can operate safely in terms of data protection in a competitive market.
For Chinese cloud services companies, the coronavirus outbreak has become a rainmaker, bringing in new business far and wide as firms shift work online and authorities develop apps and systems to help contain outbreaks and manage social restrictions.
Delta Air Lines Inc said on Thursday it has amended its US$2.65 billion credit facility agreement with covenants, which include restricting the U.S. airline's ability to pay dividends or repurchase stock before Sept. 30, 2021.
