Markets

US President Joe Biden's US$715 billion Department of Defense budget will shift funding from old systems to help modernise the nuclear arsenal to deter China, while also developing future warfare capabilities, people familiar with the budget said.

SberAutoTech, a subsidiary of Russia's largest lender Sberbank, has developed a fully self-driving vehicle, FLIP, which the company on Thursday described as a "taxi of the future".

Facebook is no longer removing posts that claim the coronavirus that causes COVID-19 was man-made amid renewed debate over its origins.

U.S. President Joe Biden's US$715 billion Department of Defense budget will shift funding from old systems to help modernize the nuclear arsenal to deter China, while also developing future warfare capabilities, people familiar with the budget said.

Facebook Inc is no longer removing posts that claim the coronavirus that causes COVID-19 was man-made amid renewed debate over its origins.

REUTERS: FIGS Inc was valued at US$4.57 billion in its debut on the New York Stock Exchange on Thursday, as the maker of medical scrubs, face masks and shields saw a jump in demand for its products during the COVID-19 pandemic. The company's shares opened at US$28.30, up 28.6per...

Unemployment in Brazil hit a record 14.7 percent in the first quarter of this year, the government in Latin America's largest economy reported Thursday.

BMW, Daimler and Ford have set up facilities in China to store data generated by their cars locally, they told Reuters, as automakers come under growing pressure in the world's biggest car market over how they handle information from vehicles.

A Russian court on Thursday said it had fined Tiktok 1.5 million roubles (US$20,425) over a failure to delete content Moscow deems illegal, part of a broader standoff between Moscow and big tech companies.

WASHINGTON: The number of Americans seeking unemployment benefits dropped last week to 406,000, a new pandemic low and more evidence that the job market is strengthening as the virus wanes and economy further reopens. Thursday’s report from the Labor Department showed that applications declined 38 ...