Markets

LONDON: The British Council, which promotes UK cultural and language relations overseas, is seeking a multi-million-pound bailout to stave off insolvency because of the impact of COVID-19, the government said on Thursday (Jun 11). Junior foreign minister Nigel Adams told parliament the ...

The settlement with Allen's Entertainment Studios Networks comes at a time when the recent death of African American George Floyd in police custody in Minneapolis has triggered protests in the United States against racism and police brutality.

Amazon may face EU antitrust charges in the coming weeks over its use of data from merchants with whom it competes on its platform, a person familiar with the matter said on Thursday, putting it at risk of a hefty fine.

Apple Inc Chief Executive Tim Cook said on Thursday the iPhone maker will increase spending with black-owned partners in its supply chain and seek to increase minority representation among the firms it does business with.

Democratic presidential candidate Joe Biden's campaign published an open letter to Facebook Chief Executive Mark Zuckerberg on Thursday, calling for the company to fact-check politicians' ads in the weeks ahead of the U.S. presidential election.

Microsoft Corp will not sell its facial-recognition technology to police departments until there is a federal law regulating the tech, the Washington Post reported on Thursday, citing the software maker's president, Brad Smith.

Food giant Nestle said it is exploring a potential sale of part of its North American water business, including its well-known Pure Life brand, as it moves to focus on the better performing brands in its water division.

Democratic presidential candidate Joe Biden's campaign published an open letter to Facebook Chief Executive Mark Zuckerberg on Thursday, calling for the company to fact-check politicians' ads in the weeks ahead of the U.S. presidential election.

JOHANNESBURG: Adding streaming services will give Africa's biggest pay-TV group, MultiChoice, a head start when online viewing takes off on the continent, it said on Thursday, after revealing it had deals with Netflix and Amazon. CEO Calvo Mawela, in a presentation on Thursday, did not name the ...

REUTERS: Instacart said on Thursday it had raised US$225 million in a new funding round, valuing it at US$13.7 billion, as the grocery delivery company cashes in on a surge in online shopping due to the COVID-19 pandemic. The new financing round was led by venture capitalist firms DST...