Markets

Australia unveiled a draft law Friday to force Google and Facebook to pay news media for their content in a "world-leading" initiative sure to prompt a confrontation with the digital giants.

Facebook Inc has completed a series of deals for the right to show music videos on its platform, raising the prospect of its competing more with Alphabet Co's video platform YouTube in the area, Bloomberg reported on Thursday.

BERLIN: SAP and Deutsche Telekom are close to a deal to build a software platform that would enable smartphone apps for measuring risks of coronavirus infections to exchange information, Wirtschaftswoche magazine reported on Friday. The two companies, designers of Germany's Corona-Warn-App that ...

THE HAGUE: Dutch airline KLM said Friday (Jul 31) it would shed up to 5,000 jobs due to a "crisis of unprecedented magnitude" caused by the coronavirus pandemic. The carrier, part of the Air France KLM group, said the cuts through the end of 2021 were necessary as it...

Chinese tech giant ByteDance is considering listing its domestic business in Hong Kong or Shanghai, people familiar with the matter told Reuters, against a backdrop of rising Sino-U.S. tensions over its hit non-China video app TikTok.

Warren Buffett's Berkshire Hathaway Inc said on Thursday it has bought another US$522 million of stock in Bank of America Corp , boosting its already large stake in the second-largest U.S. bank by assets.

North Korea's sanctions-hit economy defied the impact of international restrictions to grow for the first time in three years in 2019, the South's central bank said Friday.

Finnish telecom network equipment maker Nokia reported an unexpected rise in its second-quarter underlying profit on Friday, amid the COVID-19 pandemic as its new chief executive Pekka Lundmark takes over on Saturday.

Chinese tech giant ByteDance is considering listing its domestic business in Hong Kong or Shanghai, people familiar with the matter told Reuters, against a backdrop of rising Sino-U.S. tensions over its hit non-China video app TikTok.

Amazon.com Inc said on Thursday it will invest more than US$10 billion to build a network of 3,236 satellites that will provide high-speed broadband internet services to people around the world who lack such access.