Markets

WASHINGTON: A US energy company says a cyberattack forced it to temporarily halt all operations on a major pipeline that delivers roughly 45 per cent of all fuel consumed on the East Coast. Colonial Pipeline said the attack took place Friday (May 7) and also affected some of its...

VATICAN CITY: Pope Francis on Saturday (May 8) supported waiving intellectual property rights for COVID-19 vaccines, backing a proposal by US President Joe Biden that has been rebuffed by some European nations, including Germany. In a speech to a global fundraising concert to promote fair access ...

SHANGHAI: China's Internet watchdog said on Saturday (May 8) that it will ban some mobile app notifications and tighten regulations as the government ramps up a campaign to rein in the growing influence of Internet companies over its citizens' daily lives. The Cyberspace Administration of China ...

SINGAPORE: Companies in the construction, marine shipyard and process (CMP) sectors facing a labour crunch and increased costs because of COVID-19 restrictions will enjoy some reprieve in the coming months. Around 15,000 such firms will see an increase in foreign worker levy rebates from May to ...

The intent to ramp up distribution of these vaccines to the rest of the world might not be met if manufacturers are not adequately supported. The move could also disincentivise innovation, says an academic.

United Airlines said on Friday it is temporarily pausing service between Chicago and New Delhi in June and delaying the planned launch of flights between San Francisco and Bangalore as a catastrophic explosion of COVID-19 cases hits demand.

Three Chinese telecommunications companies said on Friday they will be delisted by the New York Stock Exchange in line with U.S. investment restrictions dating to last year.

UOB said some personal information of 1,166 customers who are China nationals had been disclosed by a staff, with preliminary findings showing that the employee had allegedly fallen prey to a China police impersonation scam.

SINGAPORE banks kicked off the year with a solid quarter that beat analyst expectations on stronger fee income and lower credit costs, following a pandemic-struck 2020.

REUTERS: Celebrity stockpicker and Ark Invest Chief Executive Cathie Wood told CNBC on Friday that hedge fund veteran Bill Hwang had provided seed capital for Ark's first four exchange-traded funds. Archegos Capital Management, the New York investment fund run by former Tiger Asia manager ...