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Antitrust probers in Congress ask Spotify to detail alleged Apple abuses
US lawmakers have requested information from Apple critic Spotify as part of an antitrust probe, according to two sources briefed on the investigation into allegations the iPhone maker engages in anti-competitive behavior to support its own apps.
5 October 2019, 18:00 PM
India clampdown hits Kashmir’s Silicon Valley
The coffee machines have been cold, computer screens blank and work stations empty for two months in Kashmir’s Silicon Valley as an Indian communications blockade on the troubled region takes a growing toll on business.
5 October 2019, 18:00 PM
US unemployment rate hits 3.5pc
The US unemployment rate dropped to near a 50-year low of 3.5 percent in September, with job growth increasing moderately, suggesting the slowing economy could avoid a recession for now despite trade tensions that are hammering manufacturing.
5 October 2019, 18:00 PM
PayPal becomes first member to exit Facebook’s Libra Association
US payments processor PayPal Holdings Inc said on Friday it was leaving Libra Association, the entity managing the Facebook-led effort to build global digital currency Libra, making it the first member to exit the group.
5 October 2019, 18:00 PM
Japan’s Uniqlo takes plunge in uncertain Indian retail market
Japanese clothing giant Uniqlo on Friday opened its first store in India, one of its largest worldwide, becoming the latest global retailer to plunge into the huge but tough developing market.
5 October 2019, 18:00 PM
As Fed policymakers comb data, few decisive signals on outlook
Federal Reserve policymakers on Friday signaled they are on high alert for signs that uncertainty over trade policy and slowing global growth are beginning to hold back the broader US economy, but so far they have flagged little in the data that is pointing one way or the other.
5 October 2019, 18:00 PM
Hong Kong’s wealthiest man donates $100m to local businesses
Hong Kong’s wealthiest man will donate more than US$100 million to local businesses, his foundation said Friday, as Asia’s once-calm financial hub was roiled by fresh protests.
5 October 2019, 18:00 PM
Dubai seeks investment to bolster flagging economy
With the highest tower in the world, grand commercial centres and artificial islands, Dubai projects an image of prosperity, even as the city-state races to court investors to bolster a flagging economy.
5 October 2019, 18:00 PM
India makes fifth rate cut, slashes growth forecast
INDIA’S central bank on Friday cut interest rates for the fifth time this year, putting them at a near-decade low, while it also slashed its growth forecasts as authorities struggle to kickstart Asia’s third-largest economy.
5 October 2019, 18:00 PM
US airlines grapple with ‘unfair tax’
US airlines are scrambling to digest a new 10 percent tariff on European-made Airbus planes that threaten additional havoc in a market already reeling from frozen deliveries of Boeing Co’s 737 MAX.
5 October 2019, 18:00 PM
US retailers eye strong holiday season despite trade worries
DESPITE the flurry of trade and political uncertainties hanging over the US economy, the National Retail Federation on Thursday said it expects Americans to continue to spend and load up on gifts in a strong holiday shopping season.
5 October 2019, 18:00 PM
Huawei phones lose access to install Google’s apps
Huawei Technologies Co Ltd’s newly launched Mate 30 devices have lost their access to manually install Google’s Android apps, Bloomberg reported on Tuesday.
2 October 2019, 18:00 PM
No-deal Brexit would slam German growth in 2020: experts
Britain quitting the European Union without a deal on October 31 would deal a harsh blow to Germany’s already stuttering economy in 2020, leading think-tanks said in Berlin Wednesday.
2 October 2019, 18:00 PM
Why Asia has eye-watering onion prices
Whether it’s Pakistani chicken curry, Bangladeshi biryani or Indian sambar, Asian consumers have developed a serious dependence on Indian onion supplies for go-to dishes. Shorter shipment times than from rival exporters like China or Egypt play a crucial role in preserving the taste of the perishable commodity.
2 October 2019, 18:00 PM
Tesla’s China production to start, eyes on mass production timing
Tesla Inc’s China factory aims to start production this month but it is unclear when it will meet year-end production targets due to uncertainties around orders, labor and suppliers, sources with knowledge of the matter said.
2 October 2019, 18:00 PM
WTO to back US tariffs over Airbus subsidies
The World Trade Organization is poised on Wednesday to open the door to hefty US tariffs on European goods over illegal subsidies for Airbus, pushing a 15-year-old row over support for plane giants to the center of fraught global trade relations.
2 October 2019, 18:00 PM
Developing country debt jumps to $7.8tr in 2018: World Bank
Total foreign debt held by developing nations jumped more than five percent to $7.8 trillion, driven by a surge in Chinese debt, the World Bank said in a report on Wednesday.
2 October 2019, 18:00 PM
Gold edges higher as US data fans slowdown fears
Gold prices edged up on Wednesday, after rising as much as 1 percent in the previous session, as disappointing US manufacturing data fanned fears of a sharp global economic slowdown and stoked bets of further interest rate cuts.
2 October 2019, 18:00 PM
Google offers incognito mode for Maps in privacy push
Alphabet Inc’s Google is rolling out new privacy features to its Maps, YouTube and Voice Assistant services, with options including incognito mode and automatic data deletion, the company said on Wednesday.
2 October 2019, 18:00 PM
AW rejects new GM offer as strike forces 6,000 Mexico layoffs
The United Auto Workers union said on Tuesday it rejected a new comprehensive offer from General Motors Co to end a two-week-old strike, saying the automaker came up short on several fronts including wages, healthcare and temporary workers.
2 October 2019, 18:00 PM