Markets

After four straight quarters of sales declines, Starbucks returned to growth in the January-March period.

Google parent Alphabet on Tuesday (Apr 27) beat quarterly revenue estimates and announced a US$50 billion share buyback as the recovering economy and surging use of online services combined to accelerate its advertising and cloud businesses.

Microsoft said on Tuesday (Apr 27) profits rose sharply in the past quarter amid strong momentum in cloud services for businesses amid the extended pandemic.

The European Commission has launched legal proceedings against Anglo-Swedish drugmaker AstraZeneca for not respecting its contract for the supply of COVID-19 vaccines, and for not having a "reliable" plan to ensure timely deliveries.

In 43 years of farming, Morey Hill had seen crop-destroying weather, rock-bottom prices, trade fights and surges in government aid, but not until last year had he endured it all in one season.

SINGAPORE: Disney will be shutting down most of its television channels in Southeast Asia and Hong Kong as part of the company's effort to further grow its streaming services.  In response to CNA's queries, The Walt Disney Company said on Tuesday (Apr 27) it is "consolidating its Media Networks ......

Japanese financial group Nomura Holdings on Tuesday confirmed losses of $2.3 billion for fiscal 2020-2021 linked to the sudden liquidation of holdings by US hedge fund Archegos.

LONDON: Offices in London's City finance district left empty by the pandemic will be transformed into at least 1,500 new homes by the end of the decade, the City of London Corporation said Tuesday (Apr 27). The governing body which runs The Square Mile unveiled plans to work with...

BEIJING: A tanker carrying around 1 million barrels of bitumen mix was involved in a collision near the Chinese port city of Qingdao, spilling oil into the Yellow Sea, Chinese maritime officials and tanker representatives said on Tuesday (Apr 27). The collision involving the anchored Liberia ...

BEIJING: A Chinese space mining start-up launched into low Earth orbit on Tuesday (Apr 27) a robot prototype that can scoop up debris left behind by other spacecraft with a big net. The NEO-01, which will also peer into deep space to observe small celestial bodies, was launched on...