BEIJING: The chief executive of Luckin Coffee, a chain rivalling Starbucks in China, and another top executive have been sacked in the wake of a massive fraud scandal that has rocked the company. Jenny Zhiya Qian, the CEO, and chief operating officer Liu Jian were terminated from their positions...
The United States on Tuesday reported a record US$738 billion budget deficit in April, as an explosion in government spending and a shrinking of revenues amid the novel coronavirus pandemic put it deeply into the red.
REUTERS: Waymo, the self-driving unit of Alphabet Inc, said on Tuesday it raised an additional US$750 million in its first external investment round, bringing the total funding to US$3 billion. T. Rowe Price Associates Inc, Perry Creek Capital and Fidelity Management & Research were among the ...
A group of 13 U.S. attorneys general asked Amazon.com on Tuesday to provide data on coronavirus-linked infections and deaths among its workforce, along with evidence of the company's compliance with paid sick leave laws.
A group of 13 U.S. attorneys general asked Amazon.com on Tuesday to provide data on infections and deaths among its workforce along with evidence of the company's compliance with paid sick leave laws amid the coronavirus crisis.
China is committed to its Phase 1 trade deal with the United States and is working towards meeting its promise to boost U.S. purchases, even though the pace of buying has been restrained by the coronavirus outbreak, three Chinese sources said.
TORONTO: China's CanSino Biologics Inc, the company behind one of the few coronavirus vaccine candidates already in clinical trials, is collaborating with Canada's National Research Council to "pave the way" for future trials in Canada, the research council said on Tuesday. The NRC said it would ...
Uber Technologies Inc has made an offer to buy online food delivery company GrubHub Inc, Bloomberg News reported on Tuesday.
TALLINN: Estonia's parliament approved on Tuesday a new Electronics Communications Act to ensure security reviews for telecom gear needed in the development of future networks. The act, which lawmakers dubbed the "Huawei law" in reference to the Chinese telecommunications company, leaves detailed ...
Swedish truck maker Volvo will withdraw its proposed dividend for 2019, it said on Tuesday, joining a slew of firms opting not to make payments to shareholders because of the coronavirus crisis.
