LOS ANGELES: New streaming service Quibi, which offers entertainment and news in episodes of 10 minutes or less on mobile phones, has been downloaded more than 2.7 million times since its April 6 debut, founder Jeffrey Katzenberg told Reuters on Wednesday. Katzenberg also said that some Quibi ...
SoftBank Group Corp founder Masayoshi Son's dream of a global tech empire is unravelling, with the coronavirus crisis compounding losses at his US$100 billion Vision Fund and distress at his big bets portending more pain.
Nissan Motor Co , Renault SA and Mitsubishi Motors Corp will draft plans for a deeper alliance next month, including joint development of more electric vehicles (EVs) and self-driving technology, the Yomiuri daily reported.
The Chinese economy will slowly recover from its first quarterly contraction since current records began, economists predicted in a Reuters poll, but they warned of a likely recession if conditions worsen again from the global coronavirus pandemic.
The Silicon Valley venture capital firm known for its early backing of companies such as Uber Technologies Inc is raising a new fund, but without one of its most prominent general partners, a source close to the firm said on Wednesday.
Asian equity markets were poised to edge higher on Thursday after rebounding crude prices and the promise of more U.S. government aid to ease the economic pain inflicted by the coronavirus crisis helped calm global equity markets.
SEOUL: The coronavirus pandemic pushed South Korea's economy into its biggest contraction since 2008 in the first quarter, as self-isolation hit consumption and kept businesses closed and global trade slumped. Gross domestic product decreased by a seasonally adjusted 1.4 per cent in the first ...
Marathon Petroleum Corp , the largest U.S. oil refiner, warned on Wednesday of a first-quarter loss on a roughly US$7.8 billion write-down from a sharp fall in fuel demand.
SEOUL: South Korea's economy reported its biggest contraction since 2008 in the first quarter, as the spread of the coronavirus hit consumption, closed businesses and pummelled trade. Gross domestic product decreased by a seasonally-adjusted 1.4 per cent in the first quarter from the previous ...
German luxury carmaker Daimler AG on Wednesday reported preliminary first-quarter earnings before interest and tax that slumped 78per cent to 617 million euros, following disruptions caused by the coronavirus pandemic.
