Smartphone shipments in China fell 16per cent in June compared with a year earlier, according to government data released on Tuesday. SHANGHAI: Smartphone shipments in China fell 16per cent in June compared with a year earlier, according to government data released on Tuesday. The numbers suggest that handset demand in […]
Business
SYDNEY: Corporate travel agents are using the coronavirus-induced lull in bookings to work with companies on how to get their staff out of Zoom videoconferences and safely back in the air. They are launching new tools to provide on-the-ground information about local mask requirements, social distancing regulations and quarantine rules, […]
Alibaba Group Holding Ltd co-founder Jack Ma has cut his stake in the company over the past year to 4.8per cent from 6.4per cent, cashing out around US$9.6 billion at its current share price, the firm’s annual filing released on Friday showed. SHANGHAI: Alibaba Group Holding Ltd co-founder Jack Ma […]
SINGAPORE: Singapore has developed a blockchain-based payments network that could enable faster and cheaper international settlements, authorities said on Monday (Jul 13), adding that the next step was a commercial rollout. The final phase of the years-long Project Ubin saw the Monetary Authority of Singapore (MAS) team up with state […]
SINGAPORE: Oil slipped in early Asian trade on Monday (Jul 13) as traders eyed an OPEC technical meeting this week which is expected to recommend an easing in supply cuts that have been propping up crude prices. Brent crude fell 27 cents to US$42.97 a barrel by 0114 GMT while […]
SHANGHAI: China will show “zero tolerance” towards securities and accounting fraud and will step up a crackdown on major capital-markets crimes, financial regulators said after a meeting of the Financial Stability Development Committee. The meeting on Sunday (Jul 12) was chaired by Vice Premier Liu He, the Cabinet-equivalent State Council […]
TOKYO: The US dollar started the week with a soft tone on Monday (Jul 13) as investors looked to looming economic data from around the world and US corporate earnings to gauge whether the markets’ guarded optimism on the economic outlook is justified. The greenback ended its third week of […]
LONDON: Bournemouth breathed life into their Premier League survival bid on Sunday (Jul 13), coming from a goal down to beat fourth-placed Leicester City 4-1 for their first win in 10 games. Leicester were in command after Jamie Vardy’s scrappy first-half goal. But with the relegation trapdoor creaking underneath their […]
HONG KONG: A majority of US companies in Hong Kong surveyed by the American Chamber of Commerce (Amcham) are concerned about the sweeping new national security law in the global financial hub, with a third looking to move assets or business longer-term. The legislation, which punishes secession subversion, terrorism and […]
SAN FRANCISCO: White House trade advisor Peter Navarro said on Sunday (Jul 13) he expected President Donald Trump to act firmly against the TikTok and WeChat applications, amid rising tensions between Washington and Beijing. Trump last week had said he is considering banning the wildly-popular TikTok app as a way […]