Markets

LONDON: Treasury officials in Britain are pushing for tax hikes to plug holes blown in public finances by the COVID-19 pandemic, two leading British newspapers said. Such hikes will enable the exchequer to raise at least £20 billion (US$26.70 billion) a year, and some could be introduced in the...

BEIJING: China's new rules around tech exports mean ByteDance's sale of TikTok's US operations could need Beijing's approval, a Chinese trade expert told state media, a requirement that would complicate the forced and politically charged divestment. ByteDance has been ordered by President Donald ...

Chinese telecoms equipment maker Huawei Technologies Co Ltd is focusing on its budding cloud business, which still has access to U.S. chips despite sanctions against the company, to secure its survival, the Financial Times newspaper reported.

Chinese telecoms equipment maker Huawei Technologies Co Ltd is focusing on its budding cloud business, which still has access to U.S. chips despite sanctions against the company, to secure its survival, the Financial Times newspaper reported.

As the race towards a vaccine heats up across the globe, this overlooked contender can help with production and access to lower income countries, says this observer.

U.S. energy companies continued to restaff offshore oil and gas production facilities in the U.S. Gulf of Mexico on Saturday, according to data released by the U.S. Department of Interior.

Mukesh Ambani-led Reliance Industries said on Saturday it has agreed to acquire the retail and wholesale business and the logistics and warehousing business of Future Group in a deal valued at US$3.38 billion, including debt.

SINGAPORE: Singapore is putting focus on “quality, rather than quantity” with the latest increases to the qualifying salaries of foreigners on Employment Passes and S Passes, said Trade and Industry Minister Chan Chun Sing on Saturday (Aug 29). Earlier this week, the Ministry of Manpower ...

Operations have resumed at the world's biggest gold mine in Indonesia, the company that runs it said Saturday, after workers blocked access to the site in protest at being stopped from visiting their families over virus concerns.

SINGAPORE: Mr RM Suresh used to do a roaring trade selling mobile phone accessories and sundries to migrant workers who gathered in Little India every weekend.  The owner of Pamban Trading, a shop at Belilios Lane, is now thinking of switching to goods that appeal to local customers as business ...