MILAN: Huawei Technologies will continue working with Telecom Italia despite being shut out of a recent tender to supply new generation 5G technology, the chairman of the group’s Italian unit told a newspaper on Monday (Jul 20). Luigi De Vecchis said the decision to exclude Huawei from supplying new generation […]
Business
EBay Inc is in advanced talks to sell its classified-ads unit to Norwegian group Adevinta as the online auction pioneer seeks to refocus on its core marketplace business, the Wall Street Journal reported on Monday. REUTERS: EBay Inc is in advanced talks to sell its classified-ads unit to Norwegian group […]
During a blue-sky moment in 2018 near the end of a decade-long economic expansion, it was the United States that helped pull the world along as the extra cash from tax cuts and government spending flowed through domestic and global markets. WASHINGTON: During a blue-sky moment in 2018 near the […]
HONG KONG: Global wealth managers are examining whether their clients in Hong Kong have ties to the city’s pro-democracy movement, in an attempt to avoid getting caught in the crosshairs of China’s new national security law, according to six people with knowledge of the matter. Bankers at Credit Suisse, HSBC, […]
SINGAPORE: When asked to describe a typical lunchtime situation before COVID-19 at her fashion store, Butterflies & Marigolds, Ms Elsie Szto said with a laugh: “The store would be swarmed with women who are stressed at work.” Located at Guoco Tower – a skyscraper in Tanjong Pagar – a queue […]
SYDNEY: Australia will extend its coronavirus loan guarantee scheme for small businesses and increase the credit limit to up to A$1 million (US$700,000) from A$250,000, Treasurer Josh Frydenberg said on Monday (Jul 20). The expanded scheme, which will begin in October this year and run until June 2021, will also […]
LONDON: Nearly half of Britain’s biggest companies think it will take until the second half of 2021 before business recovers from the coronavirus pandemic, according to a survey on Monday (Jul 20) that cast doubt on hopes for a speedier rebound. Accountants Deloitte said 49 per cent of chief financial […]
TOKYO: Japan’s exports suffered a double-digit decline for the fourth month in a row in June as the coronavirus pandemic took a heavy toll on global demand, reinforcing expectations that the economy has sunk into its deepest recession in decades. US-bound Japanese shipments nearly halved again due to plunging demand […]
Asian shares began warily on Monday as investors eyed efforts to stitch together more fiscal stimulus in the eurozone and United States to help economies ride out the effects of a record jump in COVID-19 cases globally. SYDNEY: Asian shares began warily on Monday as investors eyed efforts to stitch […]
Oil prices dipped on Monday, weighed down by the prospect that a rise in the pace of coronavirus infections could derail a recovery in fuel demand. TOKYO: Oil prices dipped on Monday, weighed down by the prospect that a rise in the pace of coronavirus infections could derail a recovery […]