FRANKFURT AM MAIN: German car-parts maker Continental revealed Thursday (Aug 27) that it played a key role in the Nazi war effort and used thousands of slave labourers during World War II. Continental was the world’s biggest producer of rubber materials at the time, supplying the Nazi war machine as […]
Business
Founder Zhang Yiming’s letter was released after the company’s chief executive Kevin Mayer quit TikTok, which has been banned in India and accused by the Donald Trump administration of breaching US’s national security Chinese software developer Bytedance, which owns TikTok, is moving fast to resolve problems it is facing in […]
SEOUL: South Korea urged businesses today to have employees work from home after reporting the highest daily number of coronavirus cases since March, as it also flagged the risks of new clusters at call centres and logistics warehouses. South Korea reported 441 new coronavirus cases as of yesterday, the most […]
SEOUL: Samsung Electronics plans to allow some workers in South Korea to work from home in September under a pilot programme, a company official said on Thursday (Aug 27), as the country battles a resurgence in novel coronavirus cases. Some employees at Samsung’s mobile phone and consumer electronics divisions are […]
Don’t get too attached to those recent stock market gains, at least according to strategists polled by Reuters. SAN FRANCISCO: Don’t get too attached to those recent stock market gains, at least according to strategists polled by Reuters. Wall Street’s rally is likely run out of fuel as investors fret […]
KUALA LUMPUR: AirAsia X needs creditors’ support to ride out the coronavirus crisis, the Malaysian long-haul budget airline said on Wednesday (Aug 26), as it posted a quarterly loss and revenue plunge. The company reported a net loss of RM305.2 million (US$73.2 million) for the April-June quarter versus a net […]
A group of more than 2,000 online sellers has filed an antitrust case against Amazon in India, alleging the U.S. company favours some retailers whose online discounts drive independent vendors out of business, a legal filing seen by Reuters showed. NEW DELHI: A group of more than 2,000 online sellers […]
After a nearly two-year review, U.S. Federal Reserve officials feel they’ve hit on a better way to meet their key goals of steady inflation and maximum employment. REUTERS: After a nearly two-year review, U.S. Federal Reserve officials feel they’ve hit on a better way to meet their key goals of […]
A group of more than 2,000 online sellers has filed an antitrust case against Amazon in India, alleging the U.S. company favours some retailers whose online discounts drive independent vendors out of business, a legal filing seen by Reuters showed. NEW DELHI: A group of more than 2,000 online sellers […]
SINGAPORE: Singapore’s manufacturing output continued its decline in July, with demand down in most clusters apart from precision engineering, according to an Economic Development Board (EDB) media release on Wednesday (Aug 26). Industrial production fell 8.4 per cent year-on-year in July, extending June’s revised 6.5 per cent decline. This is […]