Markets

A second wave of layoffs amid weak demand and fractured supply chains is likely keeping new U.S. applications for unemployment benefits elevated, supporting views that the economy faces a long and difficult recovery from the COVID-19 recession.

Australia's consumer watchdog said on Thursday it had concerns that Alphabet Inc-owned Google's planned US$2.1 billion (£1.6 billion) acquisition of fitness tracker company Fitbit may hinder competition in digital advertising and health markets.

SINGAPORE: Singapore’s central bank has shortlisted 14 applicants for up to five digital bank licences on offer in the city’s biggest banking liberalisation in two decades. The shortlist, out of the 21 applications received, comprises five digital full bank applicants and nine digital wholesale ...

Asian stocks and Wall Street futures fell on Thursday as spiking coronavirus cases in some U.S. states and China crushed hopes of a quick global economic comeback from the pandemic.

SYDNEY: Australia's unemployment rate rose to its highest level in two decades last month, official data showed on Thursday (Jun 18), as hundreds of thousands more people lost their jobs amid pandemic-induced shutdowns. The Australian Bureau of Statistics reported the May unemployment rate ticked ...

Twitter Inc said on Wednesday it is testing a new feature that will allow users to tweet using their voice, capturing up to 140 seconds of audio in a single tweet.

Australia's consumer watchdog said on Thursday it had concerns that Alphabet Inc-owned Google's planned US$2.1 billion (£1.6 billion) acquisition of fitness tracker company Fitbit may hinder competition in digital advertising and health markets.

Oil prices fell around 2per cent on Thursday as a spike in new coronavirus cases in China and the United States renewed fears that people would stay home, stalling a recovery in fuel demand even as lockdowns ease.

U.S. Treasury Secretary Steven Mnuchin decided to pull out of negotiations on digital services taxes with European Union officials after they failed to make any progress, U.S. Trade Representative Robert Lighthizer said on Wednesday.

THE Monetary Authority of Singapore (MAS) on Thursday said that 14 out of the 21 digital bank applications will progress to the next stage of assessment. This was after they had met the eligibility criteria.