Markets

ROME: Italy's biggest phone company, Telecom Italia (TIM), plans to extend 5G services to six more Italian cities as well as dozens of tourist spots and business hubs by the end of the year. The former monopoly unveiled its 5G mobile services plan on Friday. It is also negotiating...

U.S. employers are hiring workers at a brisk pace, but that is only making the Federal Reserve's job harder.

SINGAPORE: Food and beverage outlet operator Spize has been fined S$20,000 after the personal data of about 150 customers was disclosed on its online ordering portal in 2017.  In the grounds of decision dated Thursday (Jul 4), which was published on the Personal Data Protection Commission (PDPC) ...

BMW board member Oliver Zipse, a 55 year-old company veteran, is the front runner to become the carmaker's new chief executive, sources said on Friday after Harald Krueger announced he would not stay on beyond April 2020.

Ford and Volkswagen have reached an outline agreement to share electric and autonomous car technologies, extending their alliance beyond a cooperation on commerical vehicles, a source familiar with the matter said on Friday.

U.S. economic growth continued "at a solid pace" in the first half of the year though it likely weakened in recent months as higher tariffs depressed global trade and business investment weakened, the Federal Reserve said on Friday in its semi-annual report to Congress.

India proposed tax waivers on Friday on the purchase of electric vehicles and removed import taxes on some auto components to help boost sales and reduce its dependence on fossil fuels.

The Nordic region's six major banks announced the creation of a customer checking center on Friday, with the initiative expected to help their efforts to crack down on money launderers and recover from a scandal that has damaged the sector's reputation.

SINGAPORE: Pharmaceutical company GSK opened two new manufacturing facilities in Singapore on Friday (Jul 5), as well as expanded one of the production buildings on its Jurong site.  In a press release, GSK said the developments will enable the site to "accelerate the supply of new breakthrough ...

FRANKFURT: The head of Deutsche Bank's investment bank agreed to step down on Friday in a sign of the division's waning influence as Germany's largest lender readies a multi-billion dollar restructuring aimed at reversing a decline in its fortunes. Chief Executive Christian Sewing will represent ...