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App Store would be ‘toxic’ mess without control, Apple CEO says

SNA FRANCISCO: Apple's online marketplace would become a "toxic" mess if the iPhone maker were forced to allow third-party apps without reviewing them, chief executive Tim Cook said in testimony at a high-stakes trial challenging the company's tight control of its platform. Cook, the last ...

Markets

G7 to end state financing for coal power plants this year

The Group of Seven wealthy nations on Friday agreed to end state financing of coal-fired power plants by the end of this year, and to "mostly decarbonise" electricity supplies in the 2030s.

Markets

Commentary: Why many retailers are calling for a circuit breaker

The current Phase 2 (Heightened Alert) is a Hobson’s choice for retailers stuck in no-man’s land. No wonder many prefer the clean break a circuit breaker offers, says SMU’s Dr Seshan Ramaswami.

Markets

Indian refiners process less crude in April as COVID-19 pandemic stalls activity

India's crude oil processing fell in April from the previous month with top refiners reducing crude runs as a fierce second wave of coronavirus infections curbs mobility and demand for fuel.

Markets

Polish firm opens cutting-edge solar energy plant

A Polish company on Friday launched the world's first industrial production line of solar panels based on groundbreaking perovskite technology, which could revolutionise access to solar power.

Markets

White House partners with dating apps in hopes users swipe right on vaccinations

Want to know if your next new love interest has been vaccinated against COVID-19? Just check your favorite app.

Markets

China vows to crack down on bitcoin mining, trading activities

HONG KONG :China will crack down on bitcoin mining and trading activities as part of efforts to fend off financial risks, the State Council's Financial Stability and Development Committee said on Friday.

Markets

Apple’s Tim Cook says ‘threat profile’ of iPhone justifies App Store rules

:Apple Inc Chief Executive Tim Cook on Friday told a court the 'threat profile' of the iPhone required tight control of the App Store, which "Fortnite" game maker Epic Games says is a monopoly that Apple abuses.

Markets

Investors file class action against Credit Suisse over Archegos, Greensill dealings

Investors have filed a lawsuit against Credit Suisse over the Swiss bank's dealings with Archegos and Greensill, a law firm organising the class action said on Friday.

Markets

US proposal lifts hopes for global minimum tax deal

The US breathed new hope into global tax talks with a proposal, welcomed by Germany and France on Friday, to set a minimum rate of 15 percent on profits of multinationals worldwide.

Markets

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