Markets

Mastercard, a global payment processor, is battling attempts to add about 14 million deceased people to a 14 billion pound (US$19.3 billion) British class action in an effort to limit the scope of the historic case.

U.S. consumer spending fell by the most in 10 months in February as a cold snap gripped many parts of the country and the boost from a second round of stimulus checks to middle- and lower-income households faded, though the decline is likely temporary.

Volkswagen will claim damages from former Chief Executive Martin Winterkorn and former Audi boss Rupert Stadler, it said on Friday, as the carmaker tries to draw a line under the diesel cheating scandal.

REUTERS: The average bonus paid to employees in New York City's securities industry in 2020 rose by 10per cent to US$184,000, a top New York state financial regulator said in a statement on Friday. "Wall Street's near-record year shattered all expectations," New York State Comptroller Thomas ...

New York-based Chainalysis, a startup that allows companies and government agencies to analyse and investigate blockchain transactions, said on Friday it had raised US$100 million from investors at a valuation of more than US$2 billion.

LONDON: Russia poses the most acute immediate threat to the United Kingdom in cyberspace while China's ambition to be dominant in a host of new technologies will transform the 21st Century world we live in, the head of Britain's cyber security centre said. "In cyber - like in other...

A South Korean independent panel created to review prosecution probes has decided to recommend that prosecutors cease investigating Samsung Electronics vice chairman Jay Y. Lee over an allegation of unlawful use of a prescription sedative, a prosecution official said on Friday.

U.S. insurance regulators are close to creating a legal standard for pet insurance that would address long-standing consumer complaints that insurers rarely pay up when their furry friends are not well.

NEW YORK: WeWork has agreed to go public through a merger with blank-check firm BowX Acquisition, in a deal that values it at US$9 billion, the office-sharing startup said on Friday (Mar 26). It marks a steep drop from the US$47 billion that WeWork was valued for a listing...

BEIJING: China said on Friday (Mar 26) it would hike duties on Australian wine imports for up to five years, as relations sour between Beijing and Canberra. The levies range from 116.2 per cent to 218.4 per cent, China's commerce ministry said in a statement, adding they will take effect...