Markets

The U.S. Transportation Department (USDOT) warned it could limit flights by carriers based in Hong Kong after the Asian financial hub imposed quarantine rules that have impacted U.S. cargo carrier FedEx Corp.

SINGAPORE: PatSnap, an intellectual property platform, has raised US$300 million in its latest funding round led by SoftBank Vision Fund 2 and Tencent Investment, joining a list of global technology unicorns. Existing investors Sequoia China, Shun Wei Capital and Vertex Ventures Southeast Asia ...

Oil prices slipped for a fourth day on Wednesday on worries about rocky demand in Europe, even as hopes of a recovery in U.S. refinery activity were boosted by industry data that showed U.S. crude stockpiles unexpectedly fell last week.

Japanese messaging app Line, owned by SoftBank Corp's Z Holdings Corp, allowed Chinese engineers at a Shanghai affiliate to access data on Japanese users without gaining their consent, Japanese media reported on Wednesday.

Detroit police said Tuesday they do not believe Tesla's driver assistance system Autopilot was in use during a crash last week of a Tesla that became wedged underneath a tractor-trailer and left a passenger in critical condition.

Samsung Electronics co-CEO and mobile chief Koh Dong-jin said on Wednesday that the current supply-demand imbalance of IT sector chips and related components was "very serious" and the second quarter "poses a slight problem".

Honda Motor Co said late Tuesday it will temporarily suspend some production next week at all U.S. and Canadian plants citing a number of supply chain issues.

Asian stocks were set to open mostly lower on Wednesday following a sell-off in U.S. stocks, as investors awaited the Federal Reserve's meeting and whether the central bank will maintain near-zero interest rates amid the economy's post-pandemic recovery.

The pressure on companies to get serious about sustainability and climate change makes good business sense but the proof is in the pudding, namely, how these targets are going to be implemented, says the Financial Times’ Andrew Edgecliffe-Johnson.

Leaving aside whether digital-verification means are the best, such programmes could inadvertently divert scarce vaccines and risk countries opening up too quickly, says a researcher at ANU.