Markets

Preserving Canada's triple-A credit rating could be less of a priority for Ottawa than in years gone by, with the focus on digging the economy out of a hole rather than staying in a shrinking group of top-rated sovereign borrowers, analysts say.

China's love for luxury is spilling over into the once shunned second-hand goods sector, with online stores surfing a wave of pent-up demand from shoppers, led by millennials, who have been forced into belt-tightening by the coronavirus pandemic.

Britain's Information Commissioner's Office said on Friday it has fined IAG's British Airways 20 million pounds (US$25.85 million) - its biggest such penalty to date - for failing to protect personal and financial details of more than 400,000 of its customers.

SINGAPORE: A new foundation established by Singapore-based fintech firm Aleta Planet has donated S$100,000 to the Mediacorp Enable Fund, the company said on Friday (Oct 16) in a media release. Aleta Planet announced on Friday that the foundation will make donations to various charities, aiming to ...

The world's Big Four accounting firms increased earnings from their dominance of UK blue-chip audits last year, the sector's regulator said on Friday, indicating that efforts to improve competition have made little headway.

The two largest U.S. energy firms, Chevron Corp and Exxon Mobil Corp, have increased their share of campaign donations to Democrats this year, according to latest filings, amid a looming battle over fracking.

SINGAPORE: Companies that have already exhausted other cost-saving measures should consider implementing temporary wage cuts, but only to the extent needed to minimise retrenchments, said the National Wages Council (NWC) on Friday (Oct 16).  The pay cuts should depend on the performance and ...

SINGAPORE: Popular travel vlogger Nuseir Yassin, better known as Nas, said his company will build a second office in Dubai so it can tap into the Middle East market.  Responding to CNA queries via email on Friday (Oct 16), Mr Yassin said his goal was "to have operations in every...

Facebook's Instagram has agreed measures to crack down on hidden advertising by paid so-called influencers on its photo and video platform, Britain's Competition and Markets Authority (CMA) said on Friday.

China's state broadcaster CCTV warned Friday those who "hurt the feelings of the Chinese people will have to pay a price" after Houston Rockets general manager Daryl Morey stepped down.