BRUSSELS: The eurozone economy rebounded by a strong 2 per cent in the second quarter, according to official data released on Friday, as reopened businesses lifted activity out of the pandemic doldrums. The expansion in Europe was stronger than in the United States, where the economy grew by 1.6...
NEW YORK: ExxonMobil reported better-than-expected quarterly profits Friday (Jul 30) on higher commodity prices, pointing to rising energy demand amid the economic recovery from COVID-19 The oil and gas giant reported profits of US$4.7 billion in the second quarter, compared with a loss of US$1.1 ...
REUTERS: Amazon.com Inc has been hit with an US$886.55 million (746 million euro) European Union fine for processing personal data in violation of the EU's General Data Protection Regulation (GDPR), the e-commerce giant said on Friday. The Luxembourg National Commission for Data Protection ...
Mastercard has submitted a new audit report to India's central bank, it told Reuters, as it seeks to overturn a ban on card issuance linked to concerns over the U.S. giant's handling of data processed abroad.
Indian billionaire Rakesh Jhunjhunwala's plan to launch an ultra low-cost airline could give planemaker Boeing a chance to regain lost ground in India after the fall of one of its biggest customers, Jet Airways, two years ago, industry executives say.
Shares of Pinterest Inc fell about 20per cent before the opening bell on Friday and were set to start trading at more than a three-month low, after the company warned of slowing user growth in the United States, its largest market.
Toshiba Corp's board said on Friday a strategic review would facilitate the identification of non-core businesses as the scandal-hit Japanese conglomerate looks to ease shareholders concerns over governance.
India's federal fiscal deficit for the April-June quarter narrowed to 2.74 trillion rupees (US$36.83 billion), down more than 58per cent from the same period in the previous fiscal year, government data released on Friday showed, amid a pick up in tax receipts.
Global shares edged lower on Friday but remained on course for their sixth straight month of gains as solid corporate earnings and central bank largesse kept sentiment intact, while the dollar held near a one-month low.
Online fashion retailer Boohoo said on Friday it would move all of its suppliers to a new auditing model over the next 12 months in its latest effort to address failings brought to light in media reports a year ago.
