Markets

A U.S. lawsuit that could lead to the break-up of Facebook Inc's social media empire may be hindered by the government's role in the company's monopoly building, and a recent dearth of similar cases, legal experts said. In twin lawsuits on Wednesday, the Federal Trade Commission and 48 U.S...

WASHINGTON: The U.S. government posted a US$145 billion budget deficit for November, down from US$209 billion a year ago, the Treasury Department said on Thursday, but the decline was largely due to calendar shifts of federal benefit payments. Without these adjustments, Treasury said November ...

Tech companies with millions of European users or active in at least two sectors will be classified as online gatekeepers subject to tough new EU rules aimed at curbing their power, three people familiar with the matter said on Thursday (Dec 10).

Cyber attacks have been waged against COVID-19 vaccine distribution infrastructure, including a cold-chain storage company, U.S. Senator Gary Peters said on Thursday.

Most banks around the world could face four more years of depressed profits in the aftermath of the COVID-19 pandemic, consulting firm McKinsey & Co said in a report.

Apple Inc Chief Executive Officer Tim Cook plans to deliver remarks at the United Nations' Climate Ambition Summit on Dec. 12, the company confirmed on Wednesday.

Morgan Stanley is planning to shift around 100 billion euros (US$121 billion) in assets to Frankfurt from Britain next year as a consequence of Brexit, a person with knowledge of the matter said on Thursday.

Tech companies with millions of European users or active in at least two sectors will be classified as online gatekeepers subject to tough new EU rules aimed at curbing their power, three people familiar with the matter said on Thursday.

LOS ANGELES: United Parcel Service and FedEx Corp plan to deliver millions of doses of COVID-19 vaccines before holiday gifts: giving them VIP handling that includes GPS tracking, special labels and first-loaded status on planes and trucks. The largest U.S. package delivery companies are key ...

LONDON: England's COVID test and trace system is making a 500 pound (US$665) support payment available for people who self-isolate after receiving a notification via its app, it said on Thursday. The money was already available for people told to self-isolate by contact tracers via phone ...