Business

REUTERS: Warren Buffett’s Berkshire Hathaway Inc said on Thursday (Jul 30) it has bought another US$522 million of stock in Bank of America Corp , boosting its already large stake in the second-largest US bank by assets. Berkshire bought about 21.2 million Bank of America shares from Jul 28 to […]

SEOUL: North Korea’s sanctions-hit economy defied the impact of international restrictions to grow for the first time in three years in 2019, the South’s central bank said Friday (Jul 31). Nuclear-armed Pyongyang is highly secretive and refuses to publish growth statistics of its own, leaving outsiders reliant on estimates drawn […]

THE HAGUE: Dutch airline KLM said Friday (Jul 31) it would shed up to 5,000 jobs due to a “crisis of unprecedented magnitude” caused by the coronavirus pandemic. The carrier, part of the Air France KLM group, said the cuts through the end of 2021 were necessary as it had […]

Google’s ad sales have recovered since plummeting in March during the coronavirus pandemic, parent Alphabet Inc said on Thursday, easing concerns about its first quarterly sales slide in its 16 years as a public company. OAKLAND, Calif./BENGALURU: Google’s ad sales have recovered since plummeting in March during the coronavirus pandemic, […]

Twitter Inc, whose internal systems were breached about two weeks ago, said on Thursday the incident targeted a small number of employees through a phone “spear-phishing” attack. REUTERS: Twitter Inc, whose internal systems were breached about two weeks ago, said on Thursday the incident targeted a small number of employees […]

SEOUL: South Korea’s factory production jumped at the fastest rate in more than 11 years in June and much quicker than expected, data showed on Friday (Jul 31), adding to hopes that the worst of the COVID-19 impact has passed. Industrial production rose by a seasonally adjusted 7.2 per cent […]

BANGI, Selangor: A roadside burger stall in Bangi, a town about 30km south of Kuala Lumpur, has a simple sign stating “kami usahawan OKU (we are disabled entrepreneurs)” to indicate that communication needs to be done differently. A book lies open on the table for customers to write down their […]

SINGAPORE: The Government should consider extending the Jobs Support Scheme (JSS) beyond August but take a more targeted approach to help struggling companies and lower-income workers, analysts interviewed by CNA said. Under the JSS, the Government co-funds between 25 per cent and 75 per cent of the first S$4,600 of […]

ZURICH: Nestle cut its full-year underlying sales growth forecast to 2 to 3 per cent on Thursday (Jul 30), saying demand had slowed as customers worked their way through cupboards they stocked up with food at the start of coronavirus related-lockdowns. Packaged food companies have weathered the crisis better than […]