Markets

FRANKFURT/LONDON: Swedish payments firm Trustly plans to take advantage of a surge in digital transactions in the COVID-19 pandemic with a second-quarter flotation that could value it at up to 9 billion euros (US$11 billion), people close to the matter said. The initial public offering (IPO) ...

MADRID: U.S. tech giant Amazon will raise fees for Spanish companies using its platform to sell their wares in response a digital tax imposed by the government, El Confidencial reported on Friday. A spokeswoman for Amazon did not respond to a request for comment. El Confidencial said Amazon ......

Alphabet Inc is shutting down Loon after concluding the business, which offers balloons as an alternative to cell towers, is not commercially viable, Google's parent company said on Thursday.

Tesla Inc is gearing up for an India launch but the U.S. electric carmaker is likely to remain a niche player for years, catering only to the rich and affluent in the world's second-most populous nation.

Global index publisher FTSE Russell said on Friday it will delete CNOOC Ltd from its global and China indexes due to the U.S. investment ban.

SYDNEY: Alphabet Inc's Google said on Friday it would block its search engine in Australia if the government proceeds with a new code that would force it and Facebook Inc to pay media companies for the right to use their content. Google's threat escalates a battle with publishers such...

TAIPEI: Taiwan is under no illusions it can quickly sign a long hoped for free trade deal with the United States but feels when the time is right "success will flow naturally", the island's chief trade negotiator said on Friday (Jan 22). Taiwan has long sought a bilateral trade...

SINGAPORE: Bitcoin wavered on Friday (Jan 22) and was heading toward its sharpest weekly drop since September, as worries over regulation and its frothy rally drove a pullback from recent record highs. The world's most popular cryptocurrency fell more than 5 per cent to an almost three-week low of...

As U.S. stock prices have marched to record highs, futures contracts for Wall Street's "fear gauge" show some investors are buying insurance against market turbulence that could erupt if surprise glitches hit the U.S. rollout of COVID-19 vaccines.

Chinese budget phone maker Honor has signed partnerships with major chip suppliers such as Intel and Qualcomm after being spun off from under-fire parent Huawei Technologies in a bid to save it last year, it said on Friday.