Business News

Asian shares wilt, oil tumbles as China virus spreads

Japan's Nikkei stock index slid 0.6 percent while Chinese shares slumped 0.91 percent and Australian shares were down 0.57 percent

Jan 23, 2020

By Reuters

We Work continues to divest non-core ventures; sells off Teem, stake in The Wing

The company also said that it plans to sell off more of its non-core businesses like Meetup and Managed by Q in the near term

Jan 23, 2020

By R. Ghosh

Dubai tourism ends 2019 on a high with over 16 million overnight visitors

Dubai's tourism sector was ranked one of top 10 strongest economic share generators as it contributed an impressive 11.5 percent in GDP value

Jan 22, 2020

By IANS

president-trump-delivers-america-first-message-at-world-economic-forum-in-davos

The Greta and Trump show - Davos highlights on Tuesday

The annual meeting of the World Economic Forum 2020 began on Tuesday in the ski town of Davos, Switzerland

Jan 22, 2020

By Reuters

Vodafone quits Facebook's Libra cryptocurrency project

In spite of reputed firms pulling out, Facebook and 20 partner organisations formally joined the digital currency Libra project in Geneva in October

Jan 22, 2020

By IANS

Facebook

China stocks tumble on virus outbreak, but regional markets steady

Fears of contagion, particularly as millions travel for Lunar New Year festivities, has pushed stocks from record peaks

Jan 22, 2020

By Reuters

Disney+ to now make its UK and Western Europe debut a week earlier on March 24

Disney's decision to make an early launch in the UK and other West European countries may be is in a bid to tackle piracy

Jan 22, 2020

By R. Ghosh

Netflix Amazon prime

Facebook to add 1,000 jobs to its workforce in UK post Brexit

A large number of employees will be hired in Facebook's Community Integrity team, who will be specifically assigned to take down harmful content

Jan 22, 2020

By R. Ghosh

Facebook Mark zuckerberg

EU ombudsman probes 'revolving door' at banking watchdog

EBA put in place several conditions, including an 18-month ban on Farkas advising AFME and its members on topics directly linked to his work during his three years at EBA

Jan 21, 2020

By Reuters

15 Malaysian officers fired over immigration system sabotage

Why is Malaysia selling stake in flagship airline? JAL, Air France-KLM frontrunners

While Air France-KLM is willing to set up a maintenance hub Malaysia, JAL is offering to make Malaysia its regional hub.

Jan 21, 2020

By Jacob J

Asia stocks rise before central bank meetings, oil bounces

Asia shares feel a chill as China virus risks mount

Asian shares have taken a plunge on Tuesday due to the strain on the Asian market because of the concerning coronavirus

Jan 21, 2020

By Reuters

Donald Trump's legal team refutes impeachment charges; says it's 'constitutionally invalid'

The legal team in its first formal response to the impeachment charges said that the Democrats' theory of "abuse of power" is not an impeachable offense

Jan 21, 2020

By R. Ghosh