Markets

Billionaire hedge fund investor William Ackman said on Monday he donated 26.5 million shares in newly public South Korean e-commerce giant Coupang Inc to three entities, including his foundation.

The coronavirus pandemic has significantly strengthened the market power of dominant firms, which could drag on medium-term growth and stifle innovation and investment, the International Monetary Fund said on Monday in a new research paper.

Warren Buffett's Berkshire Hathaway Inc on Monday urged the rejection of shareholder proposals that annual reports be produced about its efforts to address climate change and promote diversity and inclusion.

General Motors Co said on Monday that due to the global semiconductor chip shortage the U.S. automaker is building certain 2021 light-duty full-size pickup trucks without a fuel management module.

China's government has asked Alibaba Group Holding Ltd to dispose of its media assets, the Wall Street Journal reported on Monday, citing people familiar with the matter.

BRUSSELS: Tourism in the European Union - measured in nights spent in tourist accommodation - plunged by half last year under virus travel restrictions and lockdowns, the bloc's statistics agency said on Monday (Mar 15). The unprecedented 52 per cent drop compared to 2019 confirmed that "tourism ...

Volkswagen plans to have six battery cell production plants operating in Europe by 2030 to secure supply for the world's No.2 carmaker's electric vehicle ambitions.

Operations of Indian state-owned banks were hugely disrupted on Monday after hundreds of thousands of workers went on a strike to protest the privatisation plans for two public banks, unions said.

Digital payments giant Stripe's value soared to US$95 billion after it capitalised on a boom in ecommerce with a round of funding that pushed it past Elon Musk's SpaceX as the most valuable U.S. startup.

Delta Air Lines said on Monday that it expects a first-quarter revenue decline at the low end of its forecast for a 60per cent to 65per cent decline from the same quarter in 2019, before the pandemic crushed air travel demand, as domestic bookings improve.