Markets

A much-anticipated deep dive into antitrust allegations against four of America's largest tech companies and recommendations on how to tame their market power could be released by late summer or early fall from the House of Representatives Judiciary Committee's antitrust panel, senior committee ...

Credit card issuer American Express Co reported a 85per cent slump in quarterly profit on Friday after it set aside nearly US$628 million to prepare for a flood of potential defaults caused by coronavirus-led layoffs.

Dutch bank ABN Amro on Friday said it had commissioned a study into its past in light of the current global debate about systemic racism and the inequality faced by Black people.

EU countries must take urgent action to diversify their 5G suppliers, the European Commission said on Friday, amid U.S. pressure on Europe to follow Britain and ban China's Huawei from its 5G network.

The number of outright failures of U.S. small businesses in the first months of the coronavirus pandemic was comparatively modest, but the months ahead look far grimmer as cash balances dwindle, federal help expires, and the disease surges back.

Europe's Airbus said on Friday it was amending French and Spanish government loans in a "final" bid to reverse U.S. tariffs and jog the United States into settling a 16-year-old dispute over billions of dollars of aircraft subsidies.

More than a thousand Twitter employees and contractors as of earlier this year had access to internal tools that could change user account settings and hand control to others, two former employees said, making it hard to defend against the hacking that occurred last week.

Global shares skidded further from five-month peaks on Friday as a bounce back in European business activity did little to ease the jitters surrounding Sino-U.S. tensions, while gold approached a record high.

China's Alibaba Group Holding Ltd is seizing on a new business opportunity thrown up by the novel coronavirus: helping foreign universities skirt China's stringent internet controls to keep classes going for their mainland Chinese students.

British Airways-owner International Airlines Group said American Express would pay it 750 million pounds (US$955 million) to renew their partnership, providing a welcome boost to the airline's finances at a time when it is burning through cash.