Markets

SoftBank Group is poised to write down at least US$5 billion to account for a sharp drop in the value of some of its biggest holdings including WeWork and Uber Technologies, Bloomberg reported.

BMW has told United States trade representatives, including Robert Lighthizer, that intensifying a global trade war could threaten jobs in South Carolina, Chief Executive Oliver Zipse said on Friday.

In Japan, trucks are being designed for a driverless future with no cabin and interchangeable container areas that would allow vehicles to be highly customized for parcel delivery or even serve as mini-hotels or beauty salons.

The final report by Indonesian investigators into Lion Air crash of a Boeing 737 MAX in Indonesia have faulted the design and certification of Boeing's new flight control system on the airplane, The Seattle Times reported.

In the bestselling novel "Circe" - optioned by WarnerMedia for its forthcoming HBO Max streaming service - the daughter of the Greek god Helios tames wild beasts and menaces the gods.

SEOUL: South Korea will no longer seek special treatment reserved for developing countries by the World Trade Organization in future negotiations given its enhanced global economic status, its finance minister said on Friday (Oct 25). In late July, US President Donald Trump put pressure on the WTO ...

India's beleaguered telecom companies were dealt a blow on Friday after being told to pay a whopping $13-billion bill, though boosting Asia's richest tycoon Mukesh Ambani who has shaken up the sector with his low-cost deals.

Geopolitical tensions, muted economic data and mixed earnings stymied global stocks and weighed on crude oil prices on Friday with sterling hovering just above one week lows amid a new bout of Brexit anxiety.

H&M opened a boutique-like store in a trendy neighbourhood in Berlin on Friday that offers yoga classes, a cafe with a garden and space for other brands as the Swedish budget chain seeks a new look to revive flagging sales.

Chip designer ARM will continue to supply Huawei Technologies after the British company's legal team ruled that its chip technology is of UK origin and would not breach U.S. restrictions on supplying the Chinese tech giant.