Markets

The OPEC oil cartel on Wednesday lowered its forecast for growth in global oil demand this year by nearly a fifth due to the impact of the coronavirus outbreak in China.

Google defended its business model on Wednesday, saying that making innovative products was at its core rather than helping rivals, as it sought to overturn a 2.4-billion-euro (US$2.6 billion) EU antitrust fine at Europe's second-highest court.

U.S. stock index futures rose on Wednesday after a drop in the number of new cases of coronavirus infections in China raised hopes that the economic fallout from the outbreak would be contained.

Canada's Shopify Inc beat Wall Street estimates for quarterly revenue on Wednesday, boosted by Black Friday and Cyber Monday sales on the e-commerce platform.

NEW YORK: Peter Zaffino sat at 2 World Trade Center poring over financial reports on the morning of Sept. 11, 2001, when the first plane struck a neighboring building. Zaffino, known by colleagues for his laser-like focus, remained at his desk as staff began fleeing. It was not until...

Gucci-owner Kering's chairman Francois-Henri Pinault said on Wednesday the company was frustrated with the slow pace of progress in cosmetics development with license holder Coty .

Nokia and Deutsche Telekom became the latest big name companies to pull out of this month's Mobile World Congress (MWC) in Barcelona because of the coronavirus outbreak, adding to the likelihood the event could be scrapped.

Quarterly profit at SoftBank Group Corp was almost wiped out as the Japanese technology giant was hit for a second straight quarter by losses at its US$100 billion Vision Fund.

SINGAPORE: Ride-hailing operator Grab announced on Wednesday (Feb 12) that it would begin rolling out a new service that offers dedicated 24-hour service for healthcare professionals travelling from work. The service, called GrabCare, will begin its pilot on Friday for healthcare professionals ...

LONDON: Britain said on Wednesday it would impose a new duty of care on big tech companies, such as Facebook, Google and Snap, to better protect online users from harmful content. The government said the duty of care would be designed to ensure that all companies had appropriate systems...