World Business

Ex-Nissan boss Ghosn says helping everyone who stood by him

Ghosn has refused to discuss his escape, saying it would harm those who aided him.

Indian firm wins approval to use drug on Covid-19 patients

All the patients treated with Itolizumab in randomised trial responded positively and recovered.

Dubai announces new virus economic support worth over US$400 mil

It is the third such package aimed at reviving the country's Covid-19-hit economy.

Emirates to slash up to 9,000 jobs

The Middle East's largest carrier halted operations in late March to stem the spread of the virus.

LinkedIn sued for spying on users with Apple device apps

The app was secretly reading users’ clipboards ‘a lot’, according to the class-action lawsuit.

Iran will develop oil industry despite US sanctions, says minister

The country's oil exports have gone down since Washington exited a nuclear deal in 2018.

Billionaire Musk’s net worth zooms past Warren Buffett’s

Tesla CEO's fortune has risen by US$6.07 bil following a jump in electric carmaker's stock.

Amazon bans, then un-bans TikTok from employee mobile devices

Digital platform has aroused security concerns around its sharing of data with China's government.

Facebook mulls ban on political ads ahead of US elections

Social media company has been under fire for exempting politicians' ads from fact-checking.

Accused in Ghosn escape pose flight risk for bail, says US...

Lawyers argue their clients 'should not be held in custody' during a pandemic.

200,000 shipping crew stranded at sea due to coronavirus curbs

13 countries call for urgent action, saying it's the most pressing maritime challenge to global trade.

Facebook bug causes Spotify, Pinterest apps to crash

A number of apps, including Waze, were down for hours.

China’s bank lending hits record US$1.72 trillion in first half

Chinese banks extended US$258.29 bil in new loans in June.

China bans some food imports after coronavirus detected on shrimp

China has banned imports from a number of overseas food producers that have reported virus outbreaks.

India’s US$40 bil plan to help small businesses does little to...

Small businesses account for nearly one-quarter of India’s US$2.9 trillion economy.

Asian markets tumble as coronavirus infection rates jump

Hong Kong sank 1.8% as a fresh outbreak in the city prompted authorities to close schools.

Indonesian e-tailer Bukalapak turns street sellers into banking agents

Local mom-and-pop stores can help smartphone-less locals set up bank accounts.

Analysts say we’re long way from self-driving cars, despite Tesla’s claim

Developers are starting to realise the limits of artificial intelligence.

Google can dodge EU probe into Fitbit deal with data pledge

The deal has drawn heavy criticism from privacy advocates on both sides of the Atlantic.

TIM excludes Huawei from 5G tender in Italy, Brazil

The move comes amid concerns of China spying on key western telecoms infrastructure.

US finalising federal contract ban for companies using Huawei

The US government annually awards more than US$500 bil in contracts.

Chocolate offers no lockdown comfort for Swiss cocoa giant

Sales at the world's top manufacturer of high-quality chocolate slumped 14.3%.

Emirates lays off more pilots, cabin crew in latest round of...

The workforce of 4,300 pilots and nearly 22,000 cabin crew could shrink by almost a third.

TikTok’s Hong Kong exit seen as a ‘win-win’ business move

TikTok and Douyin are among the world's most popular apps, with more than 2.2 billion downloads.