OxyContin maker Purdue Pharma LP is nearing a partial agreement to resolve widespread litigation over its alleged role in fueling the U.S. opioid crisis and plans to tussle with states opposing its settlement offer in bankruptcy proceedings starting as soon as next week, people familiar with the ...
Apple Inc's move to offer a free TV+ subscription for a year with every new device may briefly crown the iPhone maker as the biggest streaming service by user numbers, leapfrogging Netflix Inc .
CAIRO: Egypt's communications ministry will begin work on a 40 billion Egyptian pound (US$2.44 billion) telecommunications network in the first phase of a new capital city being built east of Cairo, a cabinet statement said on Wednesday. The communications ministry signed a cooperation agreement ...
U.S. producer prices unexpectedly rose in August, but the overall trend in producer inflation remains tame, cementing financial market expectations that the Federal Reserve will cut interest rates again next week to support a slowing economy.
U.S. President Donald Trump on Wednesday called on the "boneheads" at the Federal Reserve to push interest rates down into negative territory, a move reluctantly used by other world central banks to battle weak economic growth that risks punishing savers and banks' earnings in the process.
SINGAPORE: Firms in the service industry will get a leg up to further drive transformation and become manpower-lean with the new Service Industry Transformation Programme (SITP) launched on Wednesday (Sep 11) by Manpower Minister Josephine Teo. Co-developed by the Singapore Productivity Centre ...
Singapore and China’s Chongqing launched a dedicated data channel on Wednesday (Sep 11), with the two cities aiming to become regional data hubs to connect Southeast Asia with Western China.
SINGAPORE: Home buyers on Wednesday (Sep 11) said that the bigger grants by the Housing and Development Board (HDB) offer them wider options, including buying resale flats if they fail in the bid for a new flat. With the Enhanced Housing Grant (EHG), which took effect on Wednesday, more ...
Saudi Aramco has hired nine banks as joint global coordinators to lead its planned initial public offering (IPO), slated to be the world's largest, two sources familiar with the matter told Reuters on Wednesday.
OPEC on Wednesday cut its forecast for growth in world oil demand in 2020 due to an economic slowdown, an outlook the producer group said highlighted the need for ongoing efforts to prevent a new glut of crude.
