U.S. firm eBay Inc has agreed to sell its classified ads business to Norway’s Adevinta in a deal worth US$9.2 billion, creating the world’s largest classifieds group, the companies said on Tuesday. OSLO/LONDON: U.S. firm eBay Inc has agreed to sell its classified ads business to Norway’s Adevinta in a […]
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Harlequins’ Head of Rugby Paul Gustard says he has sought advice from Chelsea manager Frank Lampard about how to deal with playing in empty stadiums when the season resumes following the COVID-19 shutdown. REUTERS: Harlequins’ Head of Rugby Paul Gustard says he has sought advice from Chelsea manager Frank Lampard […]
NEW YORK: Microsoft, Nike, Starbucks, Unilever and five other industry titans from various sectors are teaming up to help businesses globally achieve zero carbon emissions. Called Transform to Net Zero, the group plans to recruit other members and will work with the Environmental Defence Fund and focus on delivering guidance, […]
BRUSSELS: European Union leaders had hoped the relief of seeing each other face-to-face after five months apart under coronavirus lockdown would ease their fraught debate. It did not turn out that way – despite beginning with cheerful elbow bumps and birthday gifts for 66-year-old Angela Merkel, Germany’s chancellor and a […]
Novartis Chief Executive Vas Narasimhan said on Tuesday that the “extremely disruptive environment” posed by the coronavirus pandemic had dimmed the Swiss drugmaker’s 2020 revenue outlook, after reporting a drop in quarterly sales and profit. ZURICH: Novartis Chief Executive Vas Narasimhan said on Tuesday that the “extremely disruptive environment” posed […]
MADRID: Real Madrid forward Gareth Bale is not leaving the club even though he has not been featuring regularly for the La Liga champions in recent weeks, according to his agent Jonathan Barnett. Despite winning four Champions League titles with Real, Bale divides opinion because of a perceived lack of […]
BEIJING: Chinese Starbucks customers can order the coffee chain’s drinks on Alibaba’s Taobao marketplace and mobile map app Amap, the companies said on Tuesday (Jul 21), expanding a partnership signed in 2018. Starbucks’ mobile pre-order and in-store pick up feature, Starbucks Now, previously only available on the coffee giant’s own […]
BRUSSELS: European Union leaders reached a deal on a massive stimulus plan for their coronavirus-blighted economies at a pre-dawn meeting on Tuesday (Jul 21) after a fractious summit that went through the night and into its fifth day. Summit chairman Charles Michel tweeted “Deal” shortly after the 27 leaders reached […]
SEOUL: South Korea and the United States are trying to agree on the scale, scope and timing of annual military exercises with the novel coronavirus threatening to disrupt the travel of US troops, South Korean officials said on Tuesday (Jul 21). South Korean Defence Minister Jeong Kyeong-doo and US Defence […]
SINGAPORE: Southeast Asian low-cost carriers, a key growth engine for planemakers and leasing companies for a decade before the pandemic, are faltering financially as demand plunges, raising questions over whether they can replace and double their fleets. Auditors for Malaysia’s AirAsia Group and Vietnam’s VietJet Aviation are concerned about cashflows […]