Markets

TAIPEI: Foxconn, a key supplier to Apple, has asked employees from its Wuhan plant in China who are in Taiwan for the Chinese New Year holidays to stay back given the new coronavirus outbreak in the city. Authorities have confirmed more than 400 cases of the virus in China,...

The last decade was the worst on record for economic losses from natural disasters, amounting to US$3 trillion (2.3 trillion pounds) - over a trillion more than the previous decade, insurance broker Aon said on Wednesday.

Oil prices edged lower on Wednesday, extending the previous session's drops, as investors continue to shrug aside the impact of almost all of Libya's crude production being off-line amid plentiful supplies elsewhere.

Tesla Inc became the first US$100 billion (77 billion pounds) publicly listed U.S. carmaker in extended trading on Tuesday, in a sign of Wall Street's confidence in an all-electric future.

HONG KONG: The flight attendants union at Hong Kong's Cathay Pacific Airways said it has asked the airline to let crew wear face masks on all flights over fears of catching the new coronavirus that has spread from China to other countries. The coronavirus struck as millions of Chinese...

SEOUL: South Korea's government spending surge helped the economy post its fastest growth in more than two years in the fourth quarter but sagging exports and global trade tensions pulled the annual reading to its lowest level since 2009. The annual slowdown comes as President Moon Jae-in's ...

SAN FRANCISCO: Netflix said Tuesday (Jan 21) it added millions of new subscribers globally over the past quarter as it ramped up for a tougher competitive landscape, but scaled back its outlook for early 2020. The global streaming television giant largely beat expectations with a profit of US$587 ......

U.S. President Donald Trump will attend a breakfast meeting on Wednesday with Apple Inc Chief Executive Tim Cook and other business leaders on the sidelines of the annual meeting of the World Economic Forum in Davos, Switzerland, according to sources familiar with the situation.

WASHINGTON: Toyota Motor Corp said on Tuesday (Jan 21) it will recall 3.4 million vehicles worldwide because of an electronic glitch that can result in air bags not deploying in crashes. The recall, which includes 2.9 million US vehicles, covers 2011-2019 Corolla, 2011-2013 Matrix, 2012-2018 ...

NEW YORK: Boeing on Tuesday (Jan 21) officially pushed back the timeframe for the 737 MAX to return to the skies, sending shares plunging and overshadowing an earlier announcement of a first flight of the delayed 777X plane. Boeing said it is now targeting the return of the grounded MAX...