Apple Inc said on Wednesday (Mar 17) it allotted US$2.8 billion raised from “green bonds” that last year funded 17 projects. It said these projects will generate 1.2 gigawatts of renewable energy. It said the projects will avoid an average of 921,000 metric tons of carbon emissions each year, which […]
Business
China’s government has asked Alibaba to dispose of its media assets, the Wall Street Journal reported on Monday (Mar 15), citing people familiar with the matter. Discussions over the matter have been held since early this year, the report said, adding that officials were shocked at how expansive Alibaba’s media […]
Major cryptocurrency exchange Binance Holdings Ltd is being probed by the Commodity Futures Trading Commission (CFTC) over concerns that it allowed Americans to make bets that violated U.S. rules, Bloomberg News reported on Friday. REUTERS: Major cryptocurrency exchange Binance Holdings Ltd is being probed by the Commodity Futures Trading Commission […]
NEW DELHI: Apple has started the assembly of iPhone 12 in India, the US tech giant said, as the company ramps up manufacturing operations in the world’s second-biggest smartphone market. “We are proud to be starting production of iPhone 12 in India for our local customers,” Apple said in a […]
Kia Motors Corp said it will recall nearly 380,000 Sportage and Cadenza vehicles because an electrical circuit could cause a fire in the engine compartment. WASHINGTON: Kia Motors Corp said it will recall nearly 380,000 Sportage and Cadenza vehicles because an electrical circuit could cause a fire in the […]
Apollo Global said on Monday it would buy Athene Holding in an all-stock deal valuing the annuities provider at about US$11 billion, making it the private equity firm’s first major deal after co-founder Leon Black stepped down as CEO. REUTERS: Apollo Global said on Monday it would buy Athene Holding […]
WASHINGTON: More than 20,000 U.S. organizations have been compromised through a back door installed via recently patched flaws in Microsoft Corp’s email software, a person familiar with the U.S. government’s response said on Friday. The hacking has already reached more places than all of the tainted code downloaded from SolarWinds […]
SYDNEY: Australian public broadcaster SBS said it would stop using content from Chinese state-run television today, pending a review of serious human rights concerns. The Australian television, radio and web outlet — which specialises in multilingual, multicultural content — said it was investigating CGTN and CCTV’s airing of dozens of […]
BEIJING: China on Friday (Mar 5) set a modest annual economic growth target, at above 6 per cent, and pledged to create more jobs in cities than last year, as the world’s second-biggest economy planned a careful course out of a year disrupted by the effects of COVID-19. In 2020, […]
SINGAPORE: ExxonMobil said on Tuesday (Mar 2) it will cut about 7 per cent of its workforce in Singapore, as “unprecedented market conditions” due to the COVID-19 pandemic accelerate ongoing reorganisation. About 300 positions will be impacted by the end of 2021, the oil major said. ExxonMobil has more than […]