LONDON: The European Union and Britain said on Saturday (Nov 7) major divergences remain in their Brexit talks but that negotiations would continue next week to try to clinch a trade deal in the scant time left. After a call between British Prime Minister Boris Johnson and European Commission President […]
Business
SAN FRANCISCO: Twitter on Friday (Nov 6) flagged as premature posts referring to Joe Biden as “president-elect,” as the vote count continued in the knife-edge US election with the Democrat leading Donald Trump in several key states. Tweets referring to the former vice president with the victor’s title and his […]
Steve Tomlin, who runs a Renault dealership in Britain, says sales of the Zoe small electric car have shot up this year, a turnaround he partly puts down to a fading of “range anxiety”, the fear of running out of power mid-journey. READING: Steve Tomlin, who runs a Renault dealership […]
WASHINGTON: The US Commerce Department said on Sunday (Nov 1) it would “vigorously defend” an executive order that seeks to bar transactions with Chinese-owned short video-sharing app TikTok after a federal judge halted the action. US District Judge Wendy Beetlestone on Friday blocked the Commerce Department order set to take […]
SINGAPORE: After more than 160 years in Singapore, Robinsons is closing its last two department stores at The Heeren and Raffles City Shopping Centre. Robinsons, which is owned by the Al-Futtaim Group, said in a press release on Friday (Oct 30) the decision came on the back of changing retail […]
NEW YORK: ExxonMobil said on Thursday (Oct 29) it could cut its global workforce by about 15 per cent, including deep white-collar staff reductions in the United States, as the COVID-19 pandemic batters energy demand and prices. Exxon and other oil producers have been slashing costs due to a collapse […]
WASHINGTON: The US economy grew at a record pace in the third quarter as the government injected more than US$3 trillion worth of pandemic relief which fuelled consumer spending, but the deep scars from the COVID-19 recession could take a year or more to heal. Though the Commerce Department’s report […]
NEW YORK: Facebook on Thursday (Oct 29) warned of a tougher 2021 despite beating analysts’ estimates for quarterly revenue as businesses adjusting to the global pandemic continued to rely on the company’s digital ad tools. The social media company said in its outlook that it faced “a significant amount of […]
Lawmakers of both parties are assessing the companies’ tremendous power to disseminate speech and ideas, and are looking to challenge their long-enjoyed bedrock legal protections for online speech. With next week’s election looming, the CEOs of Twitter, Facebook and Google were scolded by Republicans at a Senate hearing Wednesday for […]
According to the Victoria state government the lockdown changes will allow 6,200 retail stores, 5,800 cafés and restaurants, 1,000 beauty salons and 800 pubs to reopen, impacting 180,000 jobs. Coffee business owner Darren Silverman pulled his van over and wept when he heard on the radio that Melbourne’s pandemic lockdown […]