Markets

World shares inched higher led by Europe on Monday, after last week's rout in U.S. technology stocks that saw US$2.3 trillion in value wiped off in two days with investors taking note of lofty valuations when the global economy is still in a recession.

French carmaker Renault will develop and assemble the next generation of partner Nissan's Micra models, a senior executive at the Japanese firm said, as the two companies try to reboot their alliance with tighter cooperation in production.

VENICE: Hollywood stars and top directors are getting increasingly anxious about the hold streaming giants Netflix and Amazon are exerting over cinema. Several expressed unease at the dominance streamers established during the pandemic at the Venice film festival - the first major industry ...

Bottled water giant Nongfu Spring said Monday it is aiming to raise more than US$1 billion in a Hong Kong listing, as Beijing cajoles Chinese companies to raise cash at home.

French carmaker Renault unveiled the new lines of two of its best-selling cars on Monday, both models manufactured by its Romanian low-cost brand Dacia, recently upgraded to an independent division within the company.

Finnish telecom firm Nokia has suffered a setback after a source close to the matter confirmed it had lost out to Samsung Electronics on a part of the contract to supply new 5G equipment to Verizon in the United States.

Italy's antitrust authority said on Monday it had opened an inquiry into Google Inc , Apple Inc and Dropbox Inc over cloud computing services.

SEOUL: K-pop sensation BTS' US chart-topping single Dynamite could generate more than US$1.4 billion for the South Korean economy and thousands of new jobs in the country, a government study claimed Monday (Sep 7). The trailblazing septet cemented their prominence in the world's biggest music ...

Samsung Electronics has decided to shut its only TV factory in China by the end of November, a spokesman said on Monday, the latest in a series of moves by the South Korean firm to shift production from the world's second-largest economy.

Emirates airline has issued over 5 billion dirhams (US$1.4 billion) in refunds related to the new coronavirus crisis, it said on Monday.