WASHINGTON: Global smartphone sales saw their worst-ever slump in the first quarter as the coronavirus pandemic hit consumer spending, a market tracker said Monday (Jun 1). The Gartner survey found a 20.5 per cent drop in the first three months of the year. The plunge came amid heightened economic uncertainty […]
Business
NEW YORK: Wall Street stocks finished higher on Monday (Jun 1), shrugging off unrest in many cities following anti-racism protests and worsening US-China tensions. The Dow Jones Industrial Average gained 91.91 points (0.36 per cent) to 25,475.02. The broad-based S&P 500 climbed 11.42 points (0.38 per cent) to 3,055.73, while […]
WASHINGTON: U.S. President Donald Trump’s effort to regulate social media companies’ content decisions may face an uphill battle from regulators who have previously said they cannot oversee the conduct of Internet firms. Trump said last week that he wants to “remove or change” a provision of a law that shields […]
MENLO PARK, California: Facebook and Snapchat developer Snap became the latest US companies condemning racial inequality in the United States as violent protests flared up across major cities over the death of George Floyd, an unarmed black man who died while in police custody in Minneapolis last week. The two […]
Ryanair Holdings Plc and Chief Executive Michael O’Leary failed to persuade a U.S. judge to dismiss a securities fraud lawsuit accusing Europe’s largest budget airline of defrauding them by downplaying its willingness to recognize labor unions. NEW YORK: Ryanair Holdings Plc and Chief Executive Michael O’Leary failed to persuade a […]
TOKYO: Japan’s government will submit to parliament early next week a second extra budget to fund a new US$1.1 trillion stimulus package to cushion the economic blow from the coronavirus pandemic, Prime Minister Shinzo Abe said on Monday (Jun 1). With ruling and opposition parties on board for big spending […]
SINGAPORE: Nanyang Technological University (NTU) and Facebook will launch a nine-month pilot programme to offer new courses aimed at developing local data centre talent. The programme, which starts in August, will offer four specialist certificates and one graduate certificate, said the university and Facebook in a media release on Monday […]
HONG KONG: Hong Kong had no plans to change its currency’s peg to the US dollar and the Asian financial hub has not seen any “obvious” capital outflows after Washington moved to strip the city of its special status in US law, the city’s finance secretary said. Paul Chan said […]
SEOUL: Samsung Electronics Co Ltd said on Monday (Jun 1) it has begun construction of a new domestic production line for NAND flash memory chips, betting on demand for personal computers and servers as the coronavirus prompts more people to work from home. The world’s largest memory chip maker is […]
NEW DELHI: India has ordered its internet service providers (ISPs) to block file-sharing website WeTransfer at a time when hundreds of millions of people are working from home because of a nationwide lockdown to stop the novel coronavirus. The order, dated May 18, from India’s Department of Telecommunications (DoT), which […]