U.S. Treasury Secretary Steve Mnuchin said on Wednesday social media app TikTok is under federal government review and a recommendation will be made to President Donald Trump on it.
The top U.S. diplomat in Brazil said in a newspaper interview that the country may face "consequences" if it allows China's Huawei Technologies into its 5G network, referring to U.S. warnings that China fails to protect intellectual property.
Turkey adopted a new social media law on Wednesday that critics say will create a "chilling effect" on dissenting voices who have resorted to Twitter and other online platforms as the government tightened its grip on mainstream media.
Leasing giant AerCap has reduced its order for Boeing's grounded 737 MAX aircraft by 15 planes, leaving it with 80 of the planes on order as regulators continue to review the 737 MAX's return after two fatal crashes.
U.S. advertisers would be left with few choices and social media competition would dry up without TikTok, Kevin Mayer, the new CEO of the popular short video app that is owned by Chinese internet giant ByteDance, wrote in a blog post on Wednesday.
Boeing said on Wednesday it would cut production on its marquee 787 and 777 jet programs and delay ramp up plans on the 737 MAX, as it reported a bigger-than-expected quarterly loss due to the fallout from the COVID-19 pandemic.
Rolls-Royce is planning a share issue to raise up to 1.5 billion pounds (US$1.9 billion) to plug a capital shortfall as a slow recovery in demand for air travel threatens the aviation industry, four sources told Reuters.
SINGAPORE: The Monetary Authority of Singapore (MAS) has advised local banks to cap their dividends for FY2020, calling it a "pre-emptive" move to bolster banks' resilience and ability to support lending under the current economic downturn. In a media release on Wednesday (Jul 29), MAS said that ...
General Electric Co reported US$2.18 billion in quarterly losses on Wednesday, hurt by weakness in its aviation and power units due to the COVID-19 pandemic, but its free cash outflow came in better than expected.
The CEOs of four of America's largest tech firms will testify before U.S. Congress on Wednesday in a hearing that promises a healthy dose of political theater, while also offering a window into the thinking of lawmakers trying to rein in Big Tech.
