Business / World Business

Mastercard, Ambev back away from Copa America as players vent COVID-19 concerns 09 Jun 2021 - 09:56 pm

SAO PAULO - Mastercard Inc and drinks company Ambev, major sponsors of South American soccer, backed away from the Copa America on Wednesday...

Biden set for G-7 boost in bid for all nations to impose minimum global corporate tax 31 May 2021 - 04:23 pm

WASHINGTON - Finance ministers from Group of Seven nations meeting in London on Friday are expected to back President Joe Biden's call for...

EU may sanction Belarus’s potash industry by this summer 26 May 2021 - 02:16 pm

Bloomberg: The European Union is aiming to hit Belarus with a new round of sanctions by June over the forced landing of Ryanair...

Bitcoin falls 10%, ether down 14% 23 May 2021 - 06:55 pm

Bitcoin dipped 10% to $33,747.21 at 1400 GMT (10 am ET) on Sunday, losing $3,753.33 from its previous close. Bitcoin, the world's biggest...

Cyber-attack on Air India led to data leak of 4.5 million fliers 22 May 2021 - 10:53 am

Hackers infiltrated the servers of Air India Ltd. and gained access to personal data of 4.5 million fliers, the nation’s flag carrier said....

Santander's Botin defends Orcel offer as CEO row reaches court 19 May 2021 - 03:42 pm

Madrid: Santander boss Ana Botin defended the bank's actions in a court hearing over the withdrawal of a multi-million euro offer more than...

Italian banker Andrea Orcel and Banco Santander's chairwoman Ana Patricia Botin attend a trial against Santander over the bank's withdrawal of a CEO job offer to Orcel, in a high court in Madrid, Spain, May 19, 2021. Reuters/Juan Medina

Elon Musk loses world’s second-richest ranking as Tesla dips 18 May 2021 - 02:29 pm

Elon Musk’s Twitter posts keep sending Bitcoin prices tumbling. His own fortune is heading in the same direction. On Monday, Tesla Inc.’s chief...

EU, US agree to temporarily suspend tariffs in steel dispute 17 May 2021 - 04:30 pm

BRUSSELS: The European Union and the United States have decided to temporarily suspend measures at the heart of a steel tariff dispute that...

Bitcoin drops after Musk implies Tesla may sell Cryptocurrency 17 May 2021 - 12:05 am

Elon Musk implied in a Twitter exchange on Sunday that Tesla Inc. may sell or has sold its Bitcoin holdings. It started with...

Cairn drags Air India to a US court over tax spat with state 15 May 2021 - 02:39 pm

Cairn Energy Plc is dragging the unprofitable, state-owned carrier Air India Ltd. to a U.S. court to seek payment of an arbitration award...

Amazon to hire 75,000 workers, offers $100 extra for vaccination proof 13 May 2021 - 05:33 pm

Amazon.com Inc will give $100 more to new hires with proof of COVID-19 vaccination, the world's largest e-commerce retailer said on Thursday, as...

Alibaba reports first operating loss as a public company 13 May 2021 - 03:36 pm

China's top e-commerce platform Alibaba Group Holding Ltd on Thursday reported its first quarterly operating loss since going public in 2014 due to...

UK economy picked up momentum in March toward end of lockdown 12 May 2021 - 09:35 am

Discover what’s driving the global economy and what it means for policy makers, businesses, investors and you with The New Economy Daily. Sign...

Xiaomi, US government agree to drop firm from blacklist 12 May 2021 - 09:14 am

Xiaomi Corp. and the U.S. government have reached an agreement to set aside a Trump administration blacklisting that could have restricted American investment...

Oil gains after cyberattack forces shutdown of US fuel pipelines 10 May 2021 - 12:37 pm

London: Oil rose on Monday after major U.S. fuel pipeline operator Colonial Pipeline had to shut fuel pipelines due to a cyberattack, raising...

Explainer: Did US hiring slow because of a ‘labour shortage’? 08 May 2021 - 05:57 pm

Washington: The anticipation for the US jobs report for April, released Friday morning, was high. Most experts agreed that after a yearlong pandemic,...