Markets

Apple Inc said on Monday it will not meet its revenue guidance for the March quarter due to the coronavirus outbreak slowing production and weakening demand in China.

SAN FRANCISCO: US tech giant Apple said on Monday (Feb 17) that disruption due to the novel coronavirus had hit both production and demand in China, and the company was "experiencing a slower return to normal conditions" than planned. "We do not expect to meet the revenue guidance we provided...

Artificial intelligence has shown a potential to be a game-changer this coronavirus outbreak. We must double-down on such investments, says Jonathan Chang.

COVID-19 may bring challenging economic times to Singapore but its more pervasive, lasting effects will accelerate shifts in the economic landscape that require adjustments by the country, says Alex Capri.

Faced with the prospect of empty cinemas, a Chinese movie studio radically changed its film distribution approach, says an observer.

Amazon Chief Executive Officer Jeff Bezos will commit US$10 billion to fund scientists, activists, nonprofits and other groups fighting to protect the environment and counter the effects of climate change, he said on Monday.

PARIS: French company Alstom said on Monday (Feb 17) it had agreed to buy the rail division of Bombardier, speeding up the Canadian firm's fire sale. Alstom will pay up to 6.2 billion euros (US$6.8 billion) in a mix of cash and shares, according to a memorandum of understanding between...

HAVANA: The Cuban government has ordered a cement factory to burn old tyres to power its operations and save on oil, amid a worsening fuel shortage brought on by US sanctions on the Communist island. On orders of President Miguel Diaz-Canel, the firm Cementos Cienfuegos, located in the centre of...

Oil prices inched up on Monday as concerns over the economic fallout from the coronavirus outbreak in China were offset by expectations that potential production cuts from major producers could tighten global crude supply.

EU industry commissioner Thierry Breton said on Monday it was for Facebook to adapt to Europe's standards, not the other way round, as he criticized the U.S. social media giant's proposed internet rules as insufficient.