Markets

Uber Technologies Inc and Lyft Inc said U.S. drivers on their ride-hail platforms were earning significantly more than before the pandemic as trip demand outstrips driver supply, prompting the companies to offer extra incentives.

G20 finance ministers and central bankers agreed on Wednesday (Apr 7) to extend a moratorium on debt interest payments for the poorest countries, which could lag behind the global recovery from the coronavirus pandemic.

A lawmaker from Russia's ruling party floated the idea of banning Zoom on Wednesday after the video conferencing company reportedly told its distributors to stop selling subscriptions to Russian state institutions.

WASHINGTON: Wealthy firms that have done well during the pandemic could pay more in taxes to finance recovery efforts, the International Monetary Fund (IMF) said on Wednesday (Apr 7), as it backs a push for governments to unify their corporate tax rates. The renewed support for the tax reforms...

Samsung Electronics Co Ltd on Wednesday said first-quarter profit likely rose 44per cent, with analysts attributing the surge to brisk sales of smartphones and TVs, albeit tempered by a likely fall in chip earnings after a storm halted U.S. output.

Apple Inc said on Wednesday that in the coming weeks it will start enforcing a new privacy notification rule that digital advertising firms such as Facebook Inc have warned will hurt their sales.

Cameras in Tesla cars are not activated outside of North America, the U.S. automaker said on its Chinese social media page on Wednesday, seeking to assuage security concerns in the world's biggest car market.

KUALA LUMPUR: Malaysia said on Wednesday (Apr 7) it had secured potential investments from South Korea and Japan amounting to RM16.05 billion (US$3.89 billion) and export purchases of about RM986.2 million to be realised in the coming years. Malaysia is hoping to attract more foreign investment ...

Luxury Swiss watchmakers, usually not big fans of online retailing, are launching a new all-digital Watches & Wonders event on Wednesday to display their latest products, hoping to revive sales hit by the coronavirus crisis.

Cambodia started on Wednesday to vaccinate workers in its textile industry, concentrating on the US$7 billion backbone of its economy to help jump-start a post-pandemic recovery.