Markets

TAIPEI: Taiwan's Eva Airways Corp said it has cancelled 71 flights on Friday (Jun 21), affecting around 15,000 passengers, and suspended bookings temporarily due to a strike by flight attendants over pay. Eva Air's website showed that flights from Taipei to New York, Toronto, Chicago, Los Angeles ...

MANILA: The Philippines' Globe Telecom said Friday (Jun 21) it will launch Southeast Asia's first 5G broadband service next month using Huawei technology, despite US blacklisting of the Chinese giant over cybersecurity concerns. The system uses wireless radios instead of fibre optic cables to ...

Germany expects Huawei to demonstrate that it is able to meet its security requirements for participating in building up the country's 5G network, the German economy minister said after a meeting with Huawei CEO Ren Zhengfei in Shanghai on Friday.

SINGAPORE: Singapore Airlines (SIA) is among some global airlines that are rerouting flights to avoid Iran-controlled airspace over the Strait of Hormuz and Gulf of Oman, it said on Friday (Jun 21), after the US aviation regulator barred its carriers from the area until further notice. READ: US ...

Facebook Inc's Libra cryptocurrency would hand over much of the control of monetary policy from central banks to private companies, the company's co-founder Chris Hughes said in an opinion piece in the Financial Times on Friday.

France is creating a G7 task force to study how central banks ensure cryptocurrencies like Facebook's Libra are governed by regulations ranging from money-laundering laws to consumer-protection rules, France's central bank governor said on Friday.

(Corrects to show banks get a percentage of a fee charged not purchases made in digital marketing scheme) By Iain Withers and Lawrence White LONDON: From sending special offers on restaurants to burger-loving current account holders to selling anonymised credit card records, banks are racing to ...

World stocks fell on Friday, as worries about a threatened U.S. military strike against Iran and a global trade conflict took the edge off a central bank-induced rally from earlier in the week.

Toshiba Memory Corp, the world's No. 2 producer of NAND flash memory chips, said on Friday production at its plant in central Japan has been partially suspended for nearly a week since a brief power outage last Saturday.

Huawei Technologies said on Friday it has shipped 100 million smartphones this year as of May 30.