Nissan Motor Co is planning a 30per cent year-on-year cut in global vehicle production through December as falling demand due to the coronavirus complicates its efforts to recover profitability, two sources with knowledge of the matter have told Reuters.
A rising stock market alongside 11per cent unemployment has put the U.S. Federal Reserve in a quandary amid the national debate over racial and economic fairness: Is it helping fix the problems its top officials agree need fixing, or deepening divides between Black and white, and rich and poor?...
SINGAPORE: The Monetary Authority of Singapore (MAS) is in discussions with banks, insurers and other financial companies on how to ease individuals and businesses who have tapped on existing COVID-19 relief measures into gradually resuming repayments. This is being done so as to “avoid cliff ...
The European Union's antitrust chief Margrethe Vestager said on Thursday that EU court rulings this week, which saw courts reject a key EU tool used to transfer Europeans' personal data across the Atlantic and reject an EU order for Apple to pay 13 billion euros in Irish back taxes,...
DUBAI: Chinese state-owned pharmaceutical company Sinopharm has begun Phase III clinical trials of a COVID-19 vaccine in the emirate of Abu Dhabi using around 15,000 volunteers, the Abu Dhabi government media office said on Thursday (Jul 16). The human trial taking place in Abu Dhabi, part of the ......
Alibaba Group Holding Ltd's subsidiary UC Web is slashing staff in India after a ban on 59 Chinese-origin mobile apps that includes UC Web's browser and two other products, according to staff and a company letter seen by Reuters.
A US$20 billion fund raising spree may take India's Reliance closer to its dream of becoming a digital giant, further threatening the ambitious plans U.S. companies like Amazon , Walmart and Zoom have for India.
Beijing's tough new security law and President Donald Trump's order to rescind special trading privileges have blunted Hong Kong's competitive edge and risk turning the finance hub into just another Chinese city, analysts warn.
Austrian privacy activist Max Schrems on Thursday welcomed a decision by the European Union's top court in his case against Facebook, saying the legal basis for more then 5,000 U.S. companies that use the EU-U.S. Privacy Shield to import personal data to the United States was found to violate...
European shares eased from one-month highs on Thursday as a batch of weak earnings and mixed economic data from China dented sentiment, while investors waited to hear from the European Central Bank.
