Business News

Portugal Floats Plan To Bolster its Pandemic-Hit Export Sector

The plan is set to include several measures to enable firms to access larger foreign markets, diversify their exports, and specialists with an international orientation

Jul 24, 2020

By IBTimes APAC Desk

Elon Musk's SpaceX Looking To Raise New Funds At $44 Billion Valuation: Report

According to the report, the new round of funding is not likely to be completed within the next few months, and the possibility of change in terms is likely

Jul 24, 2020

By IBTimes APAC Desk

Elon musk Spacex

Soaring Public Deficit Can Cause Collapse of US Dollar, Warns Former IMF Official

The global role of the dollar now seems more complicated given the geopolitical tensions between the US and China.

Jul 24, 2020

By R. Ghosh

Alibaba Helping Chinese Students Bypass Great Firewall Through UNIQUE Cloud Service

With virtual classes becoming the new normal, Chinese students are using Alibaba's cloud service to access study material and university portals that are otherwise blocked

Jul 24, 2020

By Krishnendu Banerjee

Coronavirus

Twitter Paid Service Model: What is it And How Does That Work Out For you?

Will Twitter cease to be a free service? Details yet to emerge as the company explores alternative sources of revenue.

Jul 24, 2020

By R. Ghosh

American Investors Are Planning to Buy TikTok to Prevent US Ban?

The US State Secretary Mike Pompeo and other US officials had claimed in recent times that they are considering banning TikTok

Jul 23, 2020

By Ishan Ghosh

Australia Announces Record-high Budget Deficit Amid COVID-19 Led Economic Downturn

Treasurer Josh Frydenberg presents Australia's record-high budget deficit amid COVID-19 economic downturn

Jul 23, 2020

By IBTimes APAC Desk

Saudi Arabia Reportedly Planning to Sell Assets, Introduce Income Tax to Save Shrinking Economy

According to the IMF, Saudi Arabia's economy is likely to shrink 6.8% this year, its steepest decline in over 30 years

Jul 23, 2020

By R. Ghosh

Coronavirus

Dollar Hits Four-Month Lows Amid US-China Diplomatic War

The rising tensions between the two economies also led to the sharpest decline of the yuan in nearly two months.

Jul 23, 2020

By IBTimes APAC Desk

Why is Britain Doling Out Money to China? MPs Demand Inquiry Into $91M Largesse

Some of this aid money is used to put Chinese firms in competition with their British rivals, the critics say.

Jul 23, 2020

By R. Ghosh

Coronavirus 5g

Marina Bay Sands Reports $113 Million Loss in Q2, Says No Plans to Cut Jobs

The second quarter loss compares with a profit of US$346 million over the same period in the previous year.

Jul 23, 2020

By R. Ghosh

Coronavirus

ByteDance Planning to Invest in the Education Technology Business

The revenue of ByteDance mainly comes from its Chinese short video app Douyin and the news aggregator Jinri Toutiao

Jul 22, 2020

By IBTimes SG Desk

US Inches Closer To Banning TikTok From Federal Devices

The US may follow India in banning TikTok after a proposal to ban downloading the app on government-issued devices got the backing of the US House of Representatives

Jul 22, 2020

By IANS

Last Qantas 747 to Take Off Before its Retirement

Qantas Airways Ltd's last Boeing Co 747 jet will fly to the Mojave Desert for a retirement due to the COVID-19 pandemic

Jul 22, 2020

By IBTimes SG Desk

Coronavirus

LinkedIn To Lay Off Nearly 1,000 Employees Globally as Pandemic Bites into Profits

Majority of the job cuts will be in the sales and hiring division and the employees will be intimated by this week.

Jul 21, 2020

By R. Ghosh

Coronavirus

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