Business

REUTERS: Facebook Inc is considering imposing a ban on political ads on its social network in the days leading up to the Nov. 3 elections in the United States, Bloomberg News reported on Friday, citing people familiar with the company’s thinking. The potential ban is only being discussed and has […]

LONDON: The British government is expected to set a deadline of 2025 for removing equipment made by China’s Huawei from the country’s 5G telecoms networks, the Telegraph newspaper said on Friday. The Telegraph reported that British culture minister Oliver Dowden will make a statement in Parliament on Tuesday about Huawei, […]

NEW YORK: Bank lenders for high-quality US companies are taking different refinancing avenues as they seek to extend maturities on billions of US dollars in loans at a time when the COVID-19 pandemic has made liquidity a top priority. Corporations that historically kept their credit agreements intact while extending maturities […]

NEW DELHI/TAIPEI: Foxconn plans to invest up to US$1 billion to expand a factory in southern India where the Taiwanese contract manufacturer assembles Apple iPhones, two sources said. The move, the scale of which has not previously been reported, is part of a quiet and gradual production shift by Apple […]

Lando Norris’s hopes of a repeat podium at the Red Bull Ring faded on Friday when the McLaren driver was handed a three-place grid penalty in practice for Sunday’s Styrian Formula One Grand Prix. SPIELBERG, Austria: Lando Norris’s hopes of a repeat podium at the Red Bull Ring faded on […]

WASHINGTON: US producer prices unexpectedly fell in June as rising costs for energy goods were offset by weakness in services, pointing to subdued inflation that should allow the Federal Reserve to keep pumping money into the economy to arrest a downward spiral. Still, deflation remains unlikely as the economy battles […]

Lonza Group AG is in the “last step” of discussions with U.S. regulators for approval to claim that its formulation is effective in killing the novel Coronavirus on surfaces, an executive at the pharmaceutical and chemical giant told Reuters. REUTERS: Lonza Group AG is in the “last step” of discussions […]

REUTERS: American Airlines Group Inc has threatened to cancel some of its orders for Boeing Co’s grounded 737 MAX jets unless the planemaker helps secure funding for them, the Wall Street Journal reported on Friday. American Airlines has struggled to secure financing for 17 jets it had expected Boeing to […]

REUTERS: Electric vehicle startup Rivian, which is backed by Amazon and Ford Motor and aims to put an electric pickup and SUV in production in 2021, boosted its war chest further with a US$2.5-billion investment round led by T Rowe Price, Rivian said Friday (Jul 10). The deal comes on […]