Oil prices fell on Tuesday as optimism for a straightforward recovery in fuel demand faded and a looming increase in supply weighed on the market, with Libya’s state oil company flagging progress on talks to resume exports. MELBOURNE: Oil prices fell on Tuesday as optimism for a straightforward recovery in […]
Business
Commerzbank’s supervisory board was set to discuss the possibility of a further 7,000 redundancies, in addition to 4,000 job cuts up to 2023 announced last autumn, the business daily Boersenzeitung (BoeZ) said on Tuesday. FRANKFURT: Commerzbank’s supervisory board was set to discuss the possibility of a further 7,000 redundancies, in […]
Apple supplier Japan Display Inc on Tuesday reported its first quarterly net profit in more than three years, boosted by asset sales. TOKYO: Apple supplier Japan Display Inc reported on Tuesday its first quarterly net profit in more than three years, boosted by the sale of its stake in organic […]
NEW DELHI: TikTok denied Tuesday (Jun 30) sharing Indian users’ data with the Chinese government, after New Delhi banned the wildly popular app in a sharp deterioration of relations with Beijing two weeks after a deadly border clash. “TikTok continues to comply with all data privacy and security requirements under […]
Cineworld Group said on Tuesday it would reopen its cinemas in the United States and Britain from Friday 31st July, while following any changes to regulations or guidance from public health officials. LONDON: Cineworld Group said on Tuesday it would reopen its cinemas in the United States and Britain from […]
Australia will spend AUS$1.35 billion (US$926.1 million) over the next 10 years to boost its cyber security defences, Prime Minister Scott Morrison said on Tuesday, as Canberra seeks to combat a wave of attacks. FILE PHOTO: Australian Prime Minister Scott Morrison speaks during a joint press conference held with New […]
SYDNEY: Australia unveiled the “largest-ever” boost in cybersecurity spending on Tuesday (Jun 30), days after Prime Minister Scott Morrison spoke out about a wave of state-sponsored attacks suspected to have been carried out by China. Mr Morrison and his government officials said the country would spend an additional Aus$1.35 billion […]
MOUNTAIN VIEW, California: Google said on Monday (Jun 29) that it had removed search ads that charged users searching for voting information large fees for voter registration or harvested their personal data. A Google spokeswoman told Reuters that the company’s misrepresentation policy barred such ads, which were found by the […]
BEIJING: China’s factory activity expanded at a faster pace in June, beating expectations, as the economy continues to recover after the government lifted strict lockdowns and ramped up investment, but weak global demand is likely to be a drag on growth. The official manufacturing Purchasing Manager’s Index (PMI) rose to […]
Los Angeles Mayor Eric Garcetti on Monday announced he was taking a “hard pause” on when movie theaters in the city can reopen, citing an increase in coronavirus cases. LOS ANGELES: Los Angeles Mayor Eric Garcetti on Monday announced he was taking a “hard pause” on when movie theaters in […]