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Facebook removes one of largest QAnon conspiracy groups after false posts

Facebook said on Thursday it had removed one of the largest public groups devoted to the QAnon web of conspiracy theories after repeated violations of the company's policies.

Markets

Indonesia imposes 10per cent VAT on Facebook, Disney, Tiktok – tax office

Indonesia has added more techology companies that will be obligated to apply 10per cent value-added tax on sales to Indonesian customers to include Facebook, Disney and TikTok, the tax office said in a statement on Friday.

Markets

US job growth forecast to slow sharply in July as COVID-19 cases soar

U.S. employment growth likely slowed significantly in July amid a resurgence in new COVID-19 infections, which would provide the clearest evidence yet that the economy's recovery from the recession caused by the pandemic was faltering.

Markets

Hot stock: SGX queries iFast after shares rise 12%

THE Singapore Exchange (SGX) on Friday morning queried mainboard-listed wealth management and brokerage platform iFast Corporation about its "unusual price movements" after iFast shares rose more than 12 per cent.

Markets

Mitsubishi Motors says Chairman Masuko resigns due to health reasons

Mitsubishi Motors Corp said on Friday Osamu Masuko resigned as chairman due to health reasons and has handed over the role to CEO Takao Kato on a temporary basis.

Markets

Facebook bars pro-Trump PAC from advertising, citing repeated false posts

Facebook Inc is temporarily banning a Republican political action committee, the Committee to Defend the President, from advertising after it repeatedly shared content that was deemed false by external fact-checkers, the social media company said on Thursday.

Markets

Commentary: How Beirut’s port explosion worsens Lebanon’s economic crisis

The collapse of the Lebanese pound means imports have become very expensive while inflation is skyrocketing, says Hannes Baumann.

Markets

T-Mobile’s subscriber boost challenges AT&T for spot as second-largest US carrier

T-Mobile US Inc added more monthly phone subscribers than expected in the second quarter and said on Thursday it has overtaken rival AT&T Inc as the second-largest wireless provider in the United States.

Markets

Uber rides take COVID-19 hit but food-delivery business doubles

Homebound customers of Uber Technologies Inc more than doubled their orders from the company's food-delivery service in the second quarter but demand for ride-hailing trips only marginally recovered from pandemic rock-bottom.

Markets

CapitaLand’s net profit falls 89% in the first half of 2020

SINGAPORE: Real estate group CapitaLand reported an 89 per cent drop in its net profit in the first half of the year, due to the impact of the COVID-19 pandemic. CapitaLand’s profit after taxes and minority interests (PATMI) for 1H 2020 was S$96.6 million, down from S$875.4 million in...

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