Markets

President Joe Biden on Wednesday will call for a dramatic and more permanent shift in the direction of the U.S. economy with a roughly US$2 trillion package to invest in traditional projects like roads and bridges alongside tackling climate change and boosting human services like elder care.

Global asset manager BlackRock has folded a private fund unit in Shanghai as it focuses on launching its mutual fund business in the world's second-biggest economy.

LONDON :The blockage of the Suez Canal for nearly a week will result in a "large loss" for Lloyd's of London, its chairman said on Wednesday, as the insurance market recorded a 900 million pound (US$1.2 billion) pretax loss in 2020 due to the COVID-19 pandemic.

H&M and other fashion brands have been under fire in China for statements voicing concern about allegations of labour violations in cotton fields in the far west region.

Shares in Deliveroo opened well below the price of their initial public offering on Wednesday, and fell as much as 30per cent to 275 pence after making one of the most anticipated London stock market listings.

Ericsson is opening a lab in Ottawa, Canada, to work with customers and partners on new 5G radio access networks (RAN) technologies, the company said on Wednesday.

Mastercard is among five companies which broke the law for cartel behaviour when offering pre-paid cards to vulnerable members of society, Britain's Payment Systems Regulator said on Wednesday.

TAIPEI: The China-US trade war is pushing Beijing to step up its efforts to steal technology and poach talent from Taiwan to boost China's semiconductor industry's self-sufficiency, the government of the tech-powerhouse island said on Wednesday (Mar 31). Washington has taken aim at China's tech ...

SINGAPORE: The Building and Construction Authority (BCA) will have a new chairman and deputy chairman from Thursday (Apr 1). BCA board members Mr Lim Sim Seng, group head of consumer banking and wealth management of DBS Bank and Er Professor Tan Thiam Soon, president of Singapore Institute of ......

Google, BMW, Volvo and Samsung SDI are the first global companies to have signed up to a World Wildlife Fund (WWF) call for a moratorium on deep-sea mining, the WWF said on Wednesday.