The Trump administration on Monday released the names of hundreds of thousands of businesses which took money from a high-profile US$660 billion pandemic aid program, letting the public see for the first time how the majority of the cash was spent and whether it helped save jobs. WASHINGTON: The Trump […]
News
BEIJING: Sina Corp, the owner of media social platform Weibo, said on Monday (Jul 6) it had received a go-private offer of US$41 per share in cash from a holding company led by its Chief Executive Officer Charles Chao. The transaction stands at a value of about US$2.7 billion, according […]
SAO PAULO: Brazilian health insurer Hapvida said in a securities filing on Monday it has suffered a cyber attack potentially involving access to the personal information of its customers. Hapvida said, after a preliminary assessment of the security breach, that the attackers did not access customers’ medical records or financial […]
REUTERS: Uber Technologies Inc on Monday said it would acquire Postmates Inc for US$2.65 billion to expand its food delivery market share and significantly increase the business of supplying everyday goods at a time when the coronavirus has pummeled its core ride-hailing service. The all-stock deal, still subject to regulatory […]
WASHINGTON: US services industry activity rebounded sharply in June, almost returning to its pre-COVID-19 pandemic levels, but a resurgence in coronavirus cases that has forced some restaurants and bars to close again threatens the emerging recovery. The Institute for Supply Management (ISM) said on Monday its non-manufacturing activity index jumped […]
Narmatha Manokaran, very young emerging business icon has wide spread her vision in the field of business. She covers many business area for which she is having a strong bond with UK , Dubai, India, Sri Lanka , Malaysia, Singapore and many more. She is a very young successful business […]
JAKARTA: Indonesia’s Lion Air Group is slashing 2,600 jobs as the coronavirus pandemic hammers Southeast Asia’s biggest carrier, a company spokesman said on Monday (Jul 6). The layoffs – about 9 per cent of the airline’s 29,000 employees – would mainly affect contract workers, it said. The job cuts come […]
DUBAI: Iran’s hardline lawmakers plan to summon the president for questioning, a move that could ultimately lead to impeachment, media reported on Monday (Jul 6), amid growing discontent over the government’s economic policies. Iranians’ daily struggle to make ends meet has become harder since the reimposition of US sanctions in […]
LONDON: Britain’s decision to grant Huawei a limited role in building its 5G network is not “fixed in stone” and a government update on the Chinese company will be published before July 22, a government minister and official said on Monday. British relations with China have already been strained by […]
REUTERS: Facebook’s WhatsApp messaging service said on Monday (Jul 6) it had “paused” processing law enforcement requests for user data in Hong Kong. WhatsApp is “pausing” such reviews “pending further assessment of the impact of the National Security Law, including formal human rights due diligence and consultations with human rights […]