Markets

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.

The Italian government is leaning toward reappointing Claudio Descalzi as CEO of state-controlled oil firm Eni, provided he will work with a new board to speed up efforts to cut carbon emissions, four senior political sources told Reuters.

PARIS: French fashion house Chanel said on Monday (Feb 17) it was postponing a show set for May in Beijing following an outbreak of a new coronavirus that has infected some 70,000 people across China. "Considering the current situation and following the guidance of Chinese authorities, Chanel has ......

India faces a multi-billion-dollar hit to its economy and a tarnished reputation as a place for multinationals to invest unless it can keep Vodafone Idea in business.

German conglomerate Thyssenkrupp said on Monday it has shortlisted two private equity consortia in the sale of its 16 billion euro (US$17.3 billion) elevator division, dealing a blow to Finland's Kone , which withdrew from the closely watched deal.

SINGAPORE: Singapore insurers will offer enhanced coverage to help customers amid the COVID-19 outbreak. DBS said in a press release on Monday (Feb 17) it has partnered with Chubb Insurance to offer all its 5 million customers in Singapore complimentary insurance coverage in relation to COVID-19 ...

Facebook warned of threats to innovation and freedom of expression on Monday, ahead of the release of a raft of rules by the European Union this week and in coming months to rein in U.S. tech giants and Chinese companies.

Oil prices edged lower on Monday as investors brace for economic data in Asia due this week that should give a reading on how China's coronavirus epidemic has affected oil demand.