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 […]
Business
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 […]
SINGAPORE: Singapore’s research and innovation efforts have been critical in the fight against the novel coronavirus, and will help create new opportunities for economic growth in a post-COVID-19 world, Deputy Prime Minister Heng Swee Keat said on Wednesday (Aug 26). The minister, who is also the chairman of the National […]
U.S. companies based in the financial hub of Shanghai said Washington’s planned ban on Chinese messaging app WeChat could badly hit their competitiveness and revenue should it apply to U.S. firms and citizens in China, a survey showed on Wednesday. SHANGHAI: U.S. companies based in the financial hub of Shanghai […]
Xiaomi Corp reported a 3.1per cent rise in second-quarter revenue on Wednesday, as overseas demand for its premium smartphones rose even while key markets struggled with the pandemic. SHENZHEN, China: Xiaomi Corp reported a 3.1per cent rise in second-quarter revenue on Wednesday, as overseas demand for its premium smartphones rose […]
BANGKOK: The owner of Burger King’s franchise in Thailand became the latest company on Wednesday (Aug 26) to bow to boycott calls by protesters who accused it of advertising on a television network they brand pro-government. The protesters seek the departure of Prime Minister Prayut Chan-o-cha, a former military leader, […]
Wang Xining, deputy head of mission for the Chinese Embassy in Australia, is seen at the National Press Club in Canberra, Australia August 26, 2020. SYDNEY: A top Chinese diplomat in Australia warned against a “shadow” over the two nations’ ties today, saying that Beijing was disappointed by a […]
Oil producers on Tuesday had evacuated 310 offshore facilities and shut 1.56 million barrels per day (bpd) of crude output, 84% of Gulf of Mexico’s offshore production, near the 90% outage that Katrina brought 15 years ago. The US energy industry on Tuesday was preparing for a major hurricane strike, […]
NEW DELHI: Social media giant Facebook admitted yesterday it has to do better to curb hate speech as it battled a storm over how it handled comments by a member of India’s ruling party who called Muslims traitors. “We’ve made progress on tackling hate speech on our platform, but we […]
SAN FRANCISCO: Twitter yesterday said it is bracing for efforts by President Donald Trump or others to attack the integrity of the US election, as US media reported that Facebook and YouTube were planning defences of their own. Trump has used Twitter in particular to stoke unsubstantiated doubts about mail-in […]