U.S. consumer prices increased solidly in November, which together with labor market strength could support the Federal Reserve's intention to keep interest rates steady indefinitely after reducing borrowing costs three times this year.
Twitter Inc plans to set up an independent research group to create an "open and decentralized standard" for social media networks, a model which the microblogging platform aspires to follow, Chief Executive Officer Jack Dorsey said on Wednesday.
The chief executive of autonomous vehicle company Cruise signaled in a blog post on Wednesday that the General Motors Co subsidiary is shifting its focus to shared rides "at a radically lower cost."
WASHINGTON: The Federal Reserve kept the key lending rate unchanged on Wednesday (Dec 11) but said it will turn its sights to low inflation and developments in the world economy. That was a signal that central bankers, who have repeatedly pledged to change course if needed, are monitoring the ......
ZURICH: Nestle has agreed to sell its US ice cream business to Froneri, moving US control of brands including Haagen-Dazs to the joint venture the Swiss group set up in 2016 with PAI Partners in a deal valued at US$4 billion. The deal, announced on Wednesday (Dec 11), adds the company's...
BERLIN: Chinese telecom giant Huawei on Wednesday (Dec 11) won a contract to supply 5G infrastructure in Germany but the politically sensitive deal is subject to government approval following US concerns about snooping. Telefonica Germany, the second biggest operator after Deutsche Telekom, said ...
Nestle has agreed to sell its U.S. ice cream business to Froneri, moving U.S. control of brands including Häagen-Dazs to the joint venture the Swiss group set up in 2016 with PAI Partners in a deal valued at US$4 billion.
WASHINGTON: In an essay published posthumously on Wednesday (Dec 11), revered former Federal Reserve chief Paul Volcker issued a dire warning about of the rise of "nihilistic forces" in the era of President Donald Trump. Volcker, who slayed the US inflation dragon in the 1980s, bemoaned Trump's ...
Amazon.com Inc van drivers' on-time delivery rate declined in the week of record Cyber Monday orders, as severe winter weather strained the U.S. shipping network, consulting firm ShipMatrix said on Wednesday.
Walt Disney Co's Disney+ has been downloaded 22 million times on mobile devices since the launch of the streaming service in November, according to a report by research firm Apptopia.
